There is mega downtrend line on SPS price chart. SPS price is under the pressure because of this great downtrend line. All of gamers of Splinterlands are waiting for the updates on game. The chart is also ready for pump. It is also waiting for the updates which will be the trigger of price pump.
Here you can see daily chart of SPS. Mega downtrend line is coming from March 2024. Even SPS tried to break up this downtrend line at the end of 2024, It could not..
I think SPS will break up this downtrend line in next try..
Here you can see weekly chart of SPS. There is also downtrend line on RSI Indicator. Fisher Indicaotr is on the bottom and trying to reverse up. If Fisher Indicatore reverses up, RS Indicator may be broken up. It may be the trigger on weekly chart. We need only a few good news on this project.
Binance listing may be the trigger for price pump. It will the reason of flow into new gamers to Splinterlands. It should!
I am still picking up SPS from discounted price. Even it is undervalued, I am trying not to lose my belief for bullish chart of SPS.
I hope we will see good days..
Posted Using INLEO