Frankly, Byteball's falling price seems to have no end in sight. Don't get me wrong I'm bullish on Byteball and the tech it will deliver. But I'm beginning to wonder if airdropping bytes to Bitcoin holders was a wise decision. After all, many of the largest Bitcoin holders are maximalists. To those who don't know what a maximalist is; they believe that Bitcoin is the only true cryptocurrency and all the rest are just scams to extract BTC from you.
With that mindset, it's easy for them to sell their GBYTEs since they don't care about it anyway.
Well the opposite pretty much happened.
I remember when they were distributing airdrops, the price kept advancing usually a few days/weeks after.
It was during the last 1 or 2 airdrops when the price started to suffer.
Either way, looking at the weekly chart of GBYTEUSD on Tradeview it seems we are on strong support in this $140 area. The right shoulder neckline will hopefully hold and we should go to a minimum to the $900 area and maybe test prior ATH of $1200 and maybe break $1200.
Either way... right now is not the time to sell. You either buy or hold. No point in selling.