DAO Blowing Off Steam Before Next Up
Short term: It's interesting to see how yesterday it hit the 50% retracement on the dot and now today it hit the 38.2% retracement mark and bounced up. Is this a bullish sign? It seems to be a confirmation that the trend up is still intact.
Long term: I'm long Dao due to their tokenomics and the buzz generated with each new launch. Last I checked over half their coins were staked. People are buying and staking instead of trading them. That's good news for the price of the token.
Long term: I'm long Dao due to their tokenomics and the buzz generated with each new launch. Last I checked over half their coins were staked. People are buying and staking instead of trading them. That's good news for the price of the token.
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