AEON seeks to be a lightweight-Monero, similar to how Litecoin seeks to be a lightweight-Bitcoin. It has a market cap of $16.2 million, a circulating supply of 15.8 million and has traded over $1.14 million in the past 24 hours according to CryptoSlate.com.
AEON/BTC is breaking a long-term resistance level near 0.0001000 and is looking to regain some of its 2018 losses. A potential target for a move that might take several weeks is the 38.2% Fib retracement near 0.0002500. A potential stop could be placed below support near 0.0000500.
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