1 SBD = $6.84 USD -- Will the alligator really fall asleep?
(Charts by TradingView)
By the end of September, the SBD alligator had fallen to less than $5.5. But then it bounced back vigorously until mid-October. Then it slowly crept up and down until today.
Meanwhile, the MACD (Moving Average Convergence Divergence) oscillator seems to be in a somewhat bearish position and is starting to strengthen. This means that the price of this asset is still falling somewhat, but is beginning to slow down.
Meanwhile, the Stochastic RSI (Relative Strength Index) oscillator appears to be moving from oversold territory to neutral territory. This indicates that the market price of this asset is starting to move closer to its true price.
On the other hand, in the graph below, we can see that the price of Bitcoin is rising rapidly, but has since undergone a slight correction. And usually, the price fluctuation of bitcoin is followed by the price of other altcoins.
At this point, the alligator's mouth, which was originally opened slightly downward, begins to close and it seems to fall asleep. Will it really fall asleep, or will it bounce back?
Let's continue following the adventure of this SBD alligator.
See also:
The price value will make many token holders place their orders soon.