Greetings everyone, a rough day today for CUB with a great transfer amount but with less actual volume. If you did not get what I mean then you will be in some time, just be a little patient. so let us first discuss a little bit about price and other major factors then we will be looking into the technical things related to the price of CUB which would include the level I am waiting for to be reached and some guesses/predictions. followed by this, we will be looking a little into PolyCUB too and a little because there is nothing that does happen in PolyCUB and if there is something weird then that is in most cases worth not sharing about and would result in a complete waste of time you.
CUB
CUB did not move much yesterday as compared to the past few days or even the whole previous week ad it is nothing to be bearish about because these days come, in the end, all days cannot be bullish. On the other hand, we got a good amount of CUB transfers reaching more than half a million which is a good aspect despite not much volume, if you want exactly how much volume it did generate then it is $2828. We need more than that and as the release of arb bot 2.0 would be coming in, we could witness what we are asking for.
The number of holders, unfortunately, declined from 1395 to 1391, I hope these 4 people come back soon ;P
A small decline in the market cap of 0.21% which is just alright, would be recovering with a little upward price movement. The fear and greed index dropped by 1 point from 28 to 27, a little fear increment. SBF release could be a major factor in this drop haha...idiot got out finally. NVT ratio reached its height of this weak yesterday crossing 100 points and not just for this week but also from the previous week, the reason for this is just again low volume.
Yesterday was the least volume we go in the past 2 weeks, as you can see from the graph clearly, and this is the reason we observed an increment in the NVT ratio as the NVT ratio is depended on the market cap and the volume and mostly on volume because in most cases market cap is very very stable as compared to volume and as we got a low volume, this ultimately resulted into a higher NVT number.
Sustained Lion.
After the recent drop n the price, we broke the $0.02 support and entered into a lower zone where CUB made it's all-time low although I do not feel that the story is over yet and we could see a further drop in the price leading it to $0.018, which is a heaven area for me to do some amount of buying. If you are wondering why did we hold the $0.019 area then the reason is mind psychology in my opinion.
See, technically I do not see many reasons why $0.019 should be a support but psychologically there is a very strong reason. For example, take ada a cryptocurrency, it is having a phsycholigal level of $1. Here technical reasons fail to describe why they should price stay here. I hope you have got the point why $1 is a psychological level, similarly, I feel $0.019 for CUB. Still, $0.018 is on my wishlist.
PolyCUB
PoyCUB did generate much volume, a little over $300 which is not a good sign and we should be getting more volume on daily basis. Although momentum remains bullish because the price did go a little up but the volume again, should get an increment. Right now, the main focus is o CUB by the Leofinance team in my opinion and as time will go on and if they move a little of their focus on PolyCUB then I feel we would start getting some more volume. Also, the bear market struggles to give volume to developing projects.
If we deserve to grow, we will.
Thank you everyone for your continuous support. Everything shared here are my personal views/opinions and should never be taken as financial advice. Everything here is just for entertainment purposes. You will be responsible for your happening. Be Safe, Be a Lion.