At Vital Direction, we’ve closely analysed Aleph Zero’s market trajectory and believe it’s currently in the final stages of a correction pattern, specifically an ABC sequence that began following the cryptocurrency’s previous peak at $3. This ongoing corrective phase, in our assessment, is likely to culminate around January 2025.
Breaking down the ABC correction, we identify Wave A as an impulsive 5-wave decline, marking a foundational shift in price direction. Subsequently, Wave B appears to have manifested as a contracting triangle, forming an ABCDE structure. Since Wave B’s conclusion, Aleph Zero has progressed into Wave C. Within Wave C, we observe 4 completed sub-waves, with the 5th and final wave currently in motion, heading towards its anticipated end.
We project that Wave 5 will reach completion around early January 2025, with a price target range between $0.18 and $0.30. Once this bottom is confirmed, we believe Aleph Zero has the potential for a powerful rebound, potentially reaching a new all-time high near $5.
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