The price has reached 0.032, is $SIGN really coming this time or just a scam?
I just took a look at the K-line, SIGN has risen to 0.0326, and the SUPERTREND indicator shows 0.0318, the price has finally gone up a little.
But to be honest, this rebound looks a bit insincere. The 24-hour trading volume is only 160 million SIGN, which is completely incomparable to the 1 billion volume during the unlocking a few days ago. A shrinking rebound indicates that there aren't many people chasing it, and not many people are bottom fishing; the market is still observing.
On March 28, the wave of 96.67 million pieces was dumped, and the price dropped from 0.04 to 0.03. Tomorrow, March 31, nearly 50 million pieces are still to be released. The low-priced chips in institutional wallets are still being sold off. Is the current price already at the bottom, or just halfway down the mountain?
On the fundamental side, Kyrgyzstan's CBDC will be issued next year, the UAE's real estate is being put on the blockchain, TokenTable has handled 4 billion dollars, these are hard currencies. But on the token side, buybacks have stopped for half a year, the dual-chain split hasn't been bridged, and the money earned from the business has nothing to do with @SignOfficial .
Technically, it has just stood above the support line, and the fundamentals are pressing down on the tokens, with unlocking still on the way.
Do you think this position is a buying opportunity or a downward continuation? #Sign地缘政治基建
Let's chat in the comments section, I'll be here copying homework.
