As long as price is higher than the liquidity block (it can easily shoot up and fall back to find support). The other way around it would require more USDC to “move” through that tick-price range. You are right that LP can add new liquidity and remove it at any time, so this is just a naive narrative because we will can only work with the currently available info that we know.
Above 20 cents current liquidity is much thinner so price would move much more quickly above that price point. It’s approximately 50-60K USDC till $0.20 from here, not that much given the strong holding while BTC is very bearish and also the supportive news from MaidSafe themselves.
For anyone not on the Discord. Apparently the project that forced us of the ANT ticker is close to being delisted and AJ is doing some things in the background to try and get the ANT ticker back. No guarantees obviously, but I think it’s good we try to reclaim what was ours and it will help with the consistent naming as renaming to Autonomi on Dex’s is near (if not completely) impossible.
TBH, it looks like Bitcoin is just repeating yet another cycle. I wouldn’t be surprised if it bottomed out around 50k USD and then had a period of sideways movement.
That’s a fabricated cycle.
An entity selling on the market deliberately instead of doing OTC and getting a much better price.
There are almost no outflows from the ETFs that can explain this price trend.
I can see that p2p demand is 300% higher than a month ago, and there are no sellers left.
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