ERSDL unFederalReserve Charting.
ERSDL unFederalReserve
From their website, it says that:
unFederalReserve is a banking SaaS company built on blockchain technology. Our banking products are designed for smaller U.S. Treasury chartered banks and non-bank lenders in need of greater liquidity without sacrificing security or compliance. ReserveLending is our live DeFI or P2P lending and borrowing platform.
The project is very sound when it comes to fundamentals, the website is full of information and if it had to be based on fundamentals only then this is the project that should not be missed. But let's take a look at its performance.
Rankings and tokenomics of the project.
ERSDL is ranked 567 on Coingecko rankings. The market cap of the token is 59,691,999M as of writing this post.
It has a total supply of 454,278,599 tokens, while there are 377,027,905 already into circulation and currently trading at $0.1586
ERSDL is up by 3.4% since last 24hrs. Current trading volume of the token is $2,609,273.
ERSDL can be traded at KuCoin, Uniswap and others.
Charting
$ERSDL had a very good run from late July to early August this year, raking around 280% during that period. Since then, as Bitcoin started falling down, like every other coin ERSDL followed the same route and was nom exception. Now that market has started to recover, many coins have already done quite well, but ERSDL seems to be lagging behind.
On a daily chart ERSDL seems to have botommed out. As the price kept decreasing, and now quite stable, the one thing to nice is the falling volume. The decrease in volume suggests that the sellers are exhausted and there very little or no sell pressure, which means a slight increase in demand will result in a decent positive price action.
The yellow lines are the resistances that it has to face going up. I am looking for a nice bounce from ERSDL here. But, if the support is lost we could visit 0.13$
Note: Nothing that I have mentioned in my post is a financial advice. Always do your own research and take care of your money.