Vandals have been keeping low the last few months after exploding in the summertime. They built a lot of hype around the art upgrade and seemed to have gone dark. As it turns out the art upgrade was on the 2nd of December and went quite unnoticed.
They had a massive rise in listings following the release of the Vandals, the unveiling of the NFTs that was a hidden image. I’m not entirely sure what caused this rise, but it suppressed the price for sure. I’ve been watching them for a few days, and they seem to have found a bottom price around here.
The listings have been dropping massively since the spike, but the price has been stagnant with a bottom around 3.7 Sol and multiple confirmations of this support. The RSI has stabilised and currently resting in the mid-region primed for a move.
With listings dropping, a sharp wedge forming on both the price and RSI, this is indicating to me an upwards price is more likely. The art upgrade is extremely detailed and makes a great PFP.
This is a higher-risk trade than my normal one due to the total listings count, but I can see them bouncing upwards. The team have built a great gamified staking system, the community are solid, and they are building.
Project: Vandals
FP: 3.95 Sol
Entry: 3.7-4 Sol
Risk: 4/5 (Mid-High Risk)
https://magiceden.io/marketplace/vandal_city
https://discord.com/invite/vandalcitycorp
