SPS Price Couldnt Break Up Resistance - Still Going Down

over 2 years ago

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...

Ekran Resmi 20220117 00.08.18.png

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!

Ekran Resmi 20220117 00.10.47.png

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!

Ekran Resmi 20220117 00.13.17.png

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!

Ekran Resmi 20220117 00.15.35.png

Total marketcap is so low for most playing Blockchain game governance token! SPS is undervalued token now. It will reach overvalued one day...

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4 comments

@evernoticethat 70

over 2 years ago

Those look like valid reasons for the price drop, wasn't it at almost 0.80 once? This is a good time to pick up some value SPS for the use cases to come.

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@pixresteemer 71

over 2 years ago

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over 2 years ago

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@hivebuzz 74

over 2 years ago

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