Breaking of the accumulative wedge ?
We can see from this chart that the price has formed a falling trend wedge from which its break could indicate a primary trend change, as we can see the chart price has been holding for a long time in this area indicating that it may have found a safe support, however the gradual decline brought about several resistances, thus making the recovery more time-consuming and complicated, making the scenario difficult.
The position underwent an audience change, leaving those who were due to their high stakes income and those interested in its functionality and appreciation, this audience change helped in the sudden drop that the graph has shown, we also had in the midst of This is the printing of new tokens since we had issued 20 million tokens when the maximum supply was 100 million, causing an increase in the supply in the market causing the fall, but apparently we will have a significant improvement in this scenario.
The position underwent an audience change, leaving those who were due to their high stakes income and those interested in its functionality and appreciation, this audience change helped in the sudden drop that the graph has shown, we also had in the midst of This is the printing of new tokens since we had issued 20 million tokens when the maximum supply was 100 million, causing an increase in the supply in the market causing the fall, but apparently we will have a significant improvement in this scenario.
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