Credefi, bullish soon

CREDI/USDT (Credifi)

Sector: RWA
Market Cap: 14M

Credefi is an innovative lending platform that offers crypto lending, collateralized with real-world assets. The token was launched in December 2021 and consolidated thereafter, although we did see a return of attention very early on compared with the rest of the market, in early 2023.

It was in March that the big breakout of the Bear Market resistance level took place, followed by a big push to the upside. We are now in the process of digesting this upswing and consolidating in a descending wedge pattern, which is a bullish structure.

We'll certainly need more consolidation before we can validate and bullish reversal, but this RWA project is probably very undervalued right now, with a Market Cap around 15M. The former major resistance level could prove to be a very could support and a great buying opportunity if we manage to structure above it.