The trouble is that from a support perspective the SP is pretty close to the initial low $1.18 after the MC announcement back in June.
Now their are going to be a fair few holders still sitting on tidy gains from then, myself included with initial purchases in the 30’s and top ups under 60c. On that June announcement it jumped from 66c
The reason why the sellers are out numbering buyers consistently is because there are those who are likely at least locking in some profits and possibly moving to free carry until support comes in.
A good announcement should be kicking it higher, at the moment one would need to stop a free fall as well.
SPT Price at posting:
$1.21 Sentiment: Hold Disclosure: Held
