Manchester City Fan Token (CITY) is showcasing a bullish structure following a recent liquidity sweep and support level retest.
Creating a Bullish Structure
The price of CITY at $1.078 dipped amid a decrease, creating an opportunity for buyers. This allowed for the formation of a new support level for accumulation. Cryptocurrency analyst **Crypto Patel** noted that CITY is resting on a bullish level, representing a strong demand zone and a good entry point for traders.
Roadmap to Target Levels
Above the $1.078 level, multiple pools of buy-side liquidity create plans for growth for CITY. The first target at $1.205 could be reached if the price gains strength. A breakout above $1.205 would direct momentum toward the $1.300 level, where a liquidity pool is also visible. The final target of $1.376 aligns with the previous week's high, completing the liquidity cycle.
Current Market Performance
As of the time of writing, Manchester City Fan Token (CITY) is trading at $1.11 with a 4.57% decline in the past 24 hours. Over the last week, the token has slipped by 1.37%, remaining in a consolidation range. Despite this, the bullish structure is intact as long as CITY holds above the $1.078 level.
Thus, Manchester City Fan Token shows potential growth dynamics with targets ahead. The future of the token relies on stability at $1.078 and an increase in demand for the asset.
