Today SPS price touched to 1 cent. After touching bowl pattern line, SPS price started to go up. SPS price was going up slowly when Bitcoin price moving between 74K and 59K. SPS completed price correction during this time. Now, SPS is ready to go up parabolic. It needed to touch bowl pattern line before parabolic line and SPS touched to be supported by this line a few days ago. It is why SPS price broke up 1 cent resistance today.
Here you can see daily chart of SPS. I shared this pattern a few months ago. After breaking up downtrend line of this year, SPS price entered bullish trend. SPS price is still down 75% from the top level of this year. So, SPS has huge potential to go up.
Here you can see monthly chart of SPS price. It also supports my thesis that SPS has huge potential. There is Fisher Indicator below this chart and it is reversing from the bottom. This is 4th months of green candles on SPS price chart. We should see more huge candles to reach price target of SPS. The first price target is to reach 0,04 USD for SPS price chart. It is the top level of 2024.
Tokenomics, Binance listing, hype..
These are major price supporters for SPS. If we see these updated on Splinterlands, SPS will surpass Axie and other gaming cryptos..
We will see..