SBD/USDT Technical Analysis and Outlook on Upbit Delisting Announcement

_{Edited By Canva}

Hello steemians,

The curve of the SBD/USDT pair on the HTX platform highlights a clear and prolonged bearish dynamic, marked by a succession of successive lows and a negative alignment of the moving averages at different periods, notably MA5, MA10, MA30 and MA60, all of which follow a consistent downward slope with constant selling pressure, this behavior reflects a structural weakening of the price of the token, fueled by an apparent lack of buyer support, a situation which can be aggravated by external factors such as the announcement of the delisting on the Upbit platform, which seems to weigh on investor confidence and increase the risks of liquidation in the short term, the general sentiment around the SBD seems dominated by heightened caution and negative anticipation regarding its immediate future, which contributes to maintaining the current downward trend.

_{SBD/USDT Daily Chart Analysis: Persistent Bearish Trend with Key Support at 0.6666 and Resistance Near 1.0000}

The analysis of volumes traded, however, shows a slight recent increase, which could indicate a renewed activity on the market, although this increase is not yet sufficient to reverse the downward trend, this increase in volumes could reflect two distinct phenomena: on the one hand, an attempt by certain investors to capitalize on price fluctuations before the final impacts of the delisting, and on the other hand, an acceleration of sales by holders wishing to liquidate their positions before a possible further deterioration, despite this moderate increase volumes, the amplitude of price variations remains relatively small, which could reflect a fragile balance between buyers and sellers, but also a cautious expectation of future developments.

The technical levels play a determining role here in assessing the probabilities of a rebound or continuation of the decline, the main support level, located at around 0.6666, has already shown in the past its ability to temporarily stop the decline, although a downward crossing of this level could open the way to new, more pronounced falls, fueled by investor panic or exacerbated selling pressure, on the other side, the closest resistance is around 0.875, a level which will have to be crossed decisively to envisage a bullish reversal and restore a certain confidence in the market, these thresholds, combined with the dynamics of volumes and announcements linked to the delisting, will play a crucial role in the short-term evolution of the token.

Faced with this situation, investors are faced with complex strategic choices, as the delisting announced on Upbit could lead to a series of chain reactions on other platforms, amplifying volatility and making forecasts more uncertain, SBD holders, especially those with significant positions, could consider transferring their assets to private wallets to reduce their exposure to the liquidity risks associated with the delisting of the token on certain platforms, for those who are considering taking a position from a speculative perspective, it could be wise to wait As the price tests critical supports like that of 0.6666, in order to identify buying opportunities with a higher rebound potential, whatever happens, it is essential to closely monitor market developments and adopt a strategy based on rigorous analysis and monitoring of technical and fundamental indicators in this uncertain context.

Best Regards,
@kouba01