No signs of reversal for SLP, BTC still seems like it once lower expecting some market fluctuations around .03-.04 cents. This is where I thnk BTC will touch the bottom at around $28-32k for short-term
If the price does not break below the level of 0.0614, the price target will be in the range of 0.4 to 0.4249.
If the level of 0.0614 is broken, the price will fall to the range of 0.0269 to 0.0325, and from there the target price will be in the range of 0.4 to 0.4249.
According the fundamental data, I think the second scenario is...
This is still on the Range of monthly candlestick of May.
May push back up this week or next week due to liquidity that was grabbed in the month of May.
Also, Axie infinity did update regarding reducing the limit of SLP per day in Season 18.
So, the oversupply of SLP will end as well as overinflation.
We are approaching the end of the descending triangle. Trading volume has increased.
But according to the sales pressure caused by the inflation of "SLP" tokens, there is no upward breaking power.
"SLP" seems to be on the verge of death.
If game developers are going to do something, now is the time
Now or never.
Daily time frame...
this token as I said at first need to be decrease or burn supply...the revenue of company increased from 11k $ to 350M $ ...what do you think? share your opinions....the game creators only block fundamental questions and say think for long term!!! but push down the price..they say that they dont sell any slp token and has nothing !!! but the revenue income prove...
If Market Cipher confirms this 4th yellow X history tells us that we will see some bullish momentum following shortly. We will see what happens in the coming weeks. It will be fun to watch this unfold. Of course macro conditions can always change outcomes, so take this with a grain of salt.
If you're unfamiliar with SLP it's the earned token in the Ethereum...
It looks like SLP is going to die if it doesn't bounce back from the 0.0768 support.. and it looks like its not going to bounce back from its last support because the BTC is also in a bearish mode.. what do you think?? share your ideas..
SLP seems to have bottomed.
We need to wait for a bullish daily candle to confirm this reversal, but I am bullish on this token.
Target price of 1 usd can be possible in the near future. But, I will exit 50% of my position at 0.2usd.
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