1 SBD = $3.178 USD -- Is it really time to buy now?
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(Chart by TradingView)
The Ultimate Moving Average of the SBD (Steem Backed Dollar) price fell below $2 around December 22. The price then rose consistently until around early March, after which they fell and then rose sharply.
Meanwhile, the SuperTrend indicator moved back to a buy position around mid-March, having previously briefly switched to a sell position.
The Squeeze Momentum indicator has also begun to strengthen, although it is still in a bearish position with relatively high volatility.
Will the price trend in SBD rise again? And is it really time to buy?
Let's take a look at this SBD price action together.