SPS Price is Ready to Break Great DownTrend Line

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There is great bullish pattern on SPS price chart. SPS price was in price correction after went up 30% ath the beginning of last month. During this correction, the Great downtrend line appeared on Splintershards chart.

Here you can see daily chart of SPS price. Great downtrend line is coming from 0,013 USD at the middle of May. It is tested to break up 3 times before. I thnik we will see breaking up in next try. The bottom of SPS price is getting higher. When we see breaking up on SPS price chart, 0,01 USD will be the next major price target.

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Here you can see weekly chart of SPS price. 0,01 USD is the middle level of channel. It may be easy to break up. Technical analysis of SPS price will be supported by the updates of tokenomics of SPS. When we look at weeky chart of SPS, we can see the bottom. SPS price is close to bottom. It may be great level to pick up. It may be also great time to pick up. Because It is close to break up downtrend line.

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Here you can see Hive/SPS pair chart. There is handle cup pattern. 0,044 level is great resistance for this pair chart. It is tested 2 times before to break up. We will see breaking up on this pair chart in next try.

I bought lots of SPS from 0,035 level. I am still waiting to see breaking up on this pair chart.

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So, I am very bullish when I look at all SPS price charts. We need only a trigger to break up the resistances. There are lof of bullish patterns on SPS price chart. I hope SPS will reach the real value.

We will see..

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1 comments
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That 0.044 cap on the Hive/SPS pair looks stubborn, but the higher lows you flagged give it real fuel. From an accountant lens, I like entries near the channel middle like 0.01 with tight risk, and your buy at 0.035 fits that idea. If tokenomics tweaks land while price kisses the trendline, we could see a quick pop, Im already smiling :) And your right, once it clears that line the move can accelerate fast, definately.

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