SPS is Dropping. Should You be Worried?

avatar

sps is dropping.png

Anything mentioned is not financial advice. I am just sharing to the community my thoughts and what I did given the information I have on hand.

With the price of SPS dropping ever since the initial hype of the Chaos Legion Voucher release, it looked like that SPS might go back to 0.2 USD. It has already dropped as much as 68.99% from the peak!

image.png

Should you be worried?

Let's bring in our good old Technical Analysis!

image.png

We can see that there's a downward trendline forming. This can be considered our main resistance.

But wait a minute! There's a green candle!

Yes! That green candle today is a good start. IF it can break the blue downward trendline, then this is what might happen.

image.png

So depending on the overall market sentiment, we might be able to see a bullish move soon.

Aaand since it dipped...

I bought more! Today, I bought around 2300 SPS and 100k DEC. I stuck it straight into the Liquidity Pools, hoping to earn more from the SPS Airdrops! I'm expecting another spike in prices before December 8, which is when the second round of vouchers begins!

What are your thoughts on the future of SPS? How are you preparing for it?

image.png

If you want to create a new account, feel free to use my referral link below! I'd be happy to delegate some cards to help you get started.
https://splinterlands.com?ref=pogier

splintertalk oneup spt hive-13323 splinterlands play2earn leofinance
0
0
0.000
10 comments
avatar

We suppose know that,if you are a forex trader,if any coin is dropping, you look for a nice opportunity and sell but if the market is in bullish trend, you also look for opportunity and buy.

Posted Using LeoFinance Beta

0
0
0.000
Reply
avatar

Yup! There's also the saying, "Buy the Fear, but Sell on Greed." With how good the fundamentals of Splinterlands is, all I see are buying opportunities!

!PIZZA

0
0
0.000
Reply
avatar

Congratulations @pogier! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You received more than 100 HP as payout for your posts and comments.
Your next payout target is 250 HP.
The unit is Hive Power equivalent because your rewards can be split into HP and HBD

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Check out the last post from @hivebuzz:

Hive Power Up Month - Feedback from Day 18
0
0
0.000
Reply
avatar

Thanks for sharing! - @libertycrypto27

Great considerations for possible future performance of SPS tokens!
Just a tip: I suggest you submit your post to the Splinterlands challenge immediately after you publish it.
If I got to your post a day later I couldn't curate it because it would have already gone to payment 😉

0
0
0.000
Reply
avatar
(Edited)

Thank you! I got pretty busy and forgot that I didn't submit it up for the challenge. I'll make sure to comment it in the challenge as soon as I post it! xD

0
0
0.000
Reply