SLP Price Analyst on $0.02 Dip: Buy at $0.016

Source : coinquora.com

Market News

  • SLP recorded a massive growth rate of over +40.7% in the past month.
  • Analyst who predicted the bullish trend of SLP asks everyone to buy at 0.016.
  • Currently, there is a Bearish Flag pattern.

Smooth Love Potion (SLP) is one of the most aggressive cryptocurrency assets in the crypto market today. At the end of January, a rather unknown technical analyst gave an interesting prediction. He predicted the under-performing crypto would soon show a rise.

The analyst also said that he was expecting a lot of hate, especially from people who lost a lot of money from the 7-month long downtrend of SLP. However, his prediction turned out to be true and SLP saw an upward turn. As a matter of fact, the crypto was able to record a monumental growth rate of over 370% in the past month. Consequently, SLP has become one of the most popular digital assets in the crypto world.

Now, the analyst, known on Twitter as AAG Founder, comes with his new prediction. “Reserve some ammo for possible 0.016 level,” he said.

SLP/USDT 1hr chart (source: TradingView)

There are also several analysts who wonder if SLP prices will hit $0.5 soon. Our analysis shows that after a market consolidation, there currently appears to be a Bearish Flag pattern.

SLP is a gaming token created for Axie Infinity. It is the crypto token used for breeding creatures in the game. At the time of writing, SLP price trades at $0.01802889 with a 24-hour trading volume of $423,377,217.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Leave a Reply

Your email address will not be published. Required fields are marked *