There is the beginning of bowl pattern on SPS price chart. SPS price went up 90% from the bottom. It seems as a bowl pattern. There was a downtrend line on SPS price chart and SPS broke up this resistance at August. It may be time to climb up-part of bowl.
Here you can see daily chart of SPS price. I drew possible bowl pattern on SPS price chart coming from March 2024. Crypto market conditions supported SPS price and I went up very fast. The tokenomics of the game also supported SPS price. It was also one of undervalued crypto. These are the reasons of going up of SPS price.
Here you can see monthly chart of SPS price. This is 2nd month that SPS has green candles. This is first time at 2024 for seeing these green candles. There is Fisher Indicator is below this chart and It has not reversed yet. We may see huge price pumps after reversing of Fisher Indicator in monthly chart of SPS. MACD Indicator may also go up above 0 level.
So, We need a few more green monthly candles on SPS price chart. SPS should break up 0,04 USD to enter bullish trend. SPS still in bearish trend for long term.
It should have good news to support price. I hope we will see..
Posted Using InLeo Alpha