Crypto Analysis | SPS HAS To Hold 2 Cents!

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This is no joke

Should SPS fall under 2 cents we may never even see 10 cents at peak bull market. We are currently running along the weakest scenario I proposed some time ago. This would have SPS following it's double peak pattern and eventually head lower. Since we are in a bull market sentiment overall, I think there is a good chance SPS can avert that latter pattern (moving lower) - in fact, if it just heads lower from here on I don't see how we could have a good recovery at all. SPS has to break out of this pattern or become a failed token.

Here is an updated chart:

We are now at the lowest support which is heading to 10 cents should price move along it on average. The double peak pattern is so evident that I want to highlight it here again. I have rarely seen such a strong pattern in a coin/token.

Crazy, huh? It's going to be either the green or red one - and we will know in some days...

Turn around possible?

There are some good things coming up that could avert this :

• Inflation reduction for SPS
• Soulkeep
• New player experience (rewards and ranked battle)
• Better onboarding
• ...

LAND 2.0 seems to be still quite a bit off. And it's biggest impact could be the removal of SPS rewards for LAND usage... that will be controversial, but necessary. Also, there is Binance. Should we actually get a listing there, this would turn things around - they question is just if it would be a sustained change and not a quick pump and dump.

Again, SPS cannot fall below 2 cents. But will it?

 

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As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!

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