Hi guys,
Let's take a look at Status (SNT). The blockchain-based open source messaging platform added 38.9 percent to its value during the previous week and is almost 90 percent up for the last two weeks.
Just like with stocks, communication-oriented tokens are on the rise. The recent surge in SNT is due to the increasing demand for telecommunication tools and applications globally. This is completely normal in these turbulent times when remote communication and work from home is becoming more and more important for the day to day activities and is crucial for the survival of entire businesses.
The SNT coin is clearly in an uptrend, but what we need to see here is a confirmation above $0.018 or worst case - a healthy retrace to $0.016 and a rebound from there.
On the 1h chart, however, I think we have the rising wedge there although the setup is quite choppy. Beware out there.
Let's take a look at Status (SNT). The blockchain-based open source messaging platform added 38.9 percent to its value during the previous week and is almost 90 percent up for the last two weeks.
Just like with stocks, communication-oriented tokens are on the rise. The recent surge in SNT is due to the increasing demand for telecommunication tools and applications globally. This is completely normal in these turbulent times when remote communication and work from home is becoming more and more important for the day to day activities and is crucial for the survival of entire businesses.
The SNT coin is clearly in an uptrend, but what we need to see here is a confirmation above $0.018 or worst case - a healthy retrace to $0.016 and a rebound from there.
On the 1h chart, however, I think we have the rising wedge there although the setup is quite choppy. Beware out there.