Technical analysis by hustarestik about Symbol SLP: Buy recommendation (10/15/2023)

A long trial to SLP. It had a long downtrend due to increased circulating supply and the bear market. However, SLP burning has increased recently; it has the potential to reach better values...Nearly 100% increase until now. Close to the first resistance. I will keep SLP until 0.03 but I am planning to take some profit at 0.007 and 0.01.I think the first resistance became a support. The targets are 0.007 and 0.01. SLP has reached nearly 300 million dollars in terms of market cap during the recent bull run. For the current circulating supply (41.3 billion), the price for the maximum market cap corresponds to nearly 0.0078. Thus, targets above this price may be unexcepted...The region between 0.0075 and 0.01 can be used to make some profit. Up to now, SLP increased nearly x5.5!