SPS Price Couldnt Break Up Resistance - Still Going Down
SPS Price broke up downtrend line in a few days ago but It touched horizontal old support line which is resistance for now...
SPS Price going down day by day. Lots of investor are trying to guess the dip of price to pick up at lowest level...
SPS price should break up resistance to turn the trend...
Why is SPS Price Going Down?
There is no reason to go down in technically. Even BTC Price in consadilation from the beginning of October, SPS Price going down day by day...
It is 8th red candle in week chart of SPS price! I should be record!
Fundamentally:
It may go down due to general sale of Chaos Legion. It can be bought only by credit. So people are selling their SPS to get credit to buy Chaos Legion. It may be main sell pressure for SPS!
Airdrop is also selling pressure for SPS. It will be completed less than 200 days later.
So it may be the time to pick up SPS until Summer!
Total marketcap is so low for most playing Blockchain game governance token! SPS is undervalued token now. It will reach overvalued one day...
Do you really think people need this post in this community? Did you not read the rules of posting in this community?
What your opinion about CHR
I believe the same, it is using the trending line as a support. We'll have to wait how evolves.