Selling causes prices to go down
"sellers exhausted" means there are no more sellers available
Who can sell LEO?
People who hold LEO
Who holds LEO?
People who bought it and people who earned it
The people who earned it, where did that LEO come from
Well, the way things are now, those tokens need to be bought in order to be earned
So essentially the only LEO that can be sold is LEO that has been bought
But if no more selling Is happening, it leaves room for the buyers to take over
This causes prices to pump, the chart shows the story
The price will continue to pump until it hits someone's target
Normally, people like nice round numbers, or numbers by 5
15 is an example but 25 is a more powerful number even though they end in 5
maybe because 25 is known for being a quarter, gives it more hype
But 20 cents and 25 cents will have a lot of sellers
these people will sell the price down, until they have no more. then we can go up to the people who will sell at 30 cents and buy up their bags too
I bet, $1 has the most sellers waiting to sell
But then there are those who are lurking at 90-95 cents waiting to front run the $1 people
I have a feeling though when we hit $1 we will blast right through it at least for a while
I am super interested to see how high LEO goes up