Heavy resistance at 0.012c - expect a short term reset to 0.0083

2022년 8월 16일

I saw heavy sell orders in Binance around 0.012 mark. Though the sell orders aren't that massive - around 50 million LINA
BTC, SPX RSI shows overbought conditions, a correction is due, this will reset LINA too.
Though RSI shows bottoming process in LINA, the Huobi one is most accurate, because it was listed first over there. Actual price of LINA was 0.001 during listing but we went to
0.021 on listing day then 0.005, this isn't listed anywhere on TradingView.
The supply was three to four times less around 2021 Q1. at 40 M market cap we were around 0.04 price range, now at 40M cap we are around 0.01.
APY fluctuated between 80% at 0.10 and 160% at 0.005, now it is 95% at 0.001, which is still good fundamentally.