Review on SIRIN LABS Token by Mehdi hazni
SRN Project and its price and chart
The currency caused a stir at launch, and many project analysts saw it as a bright future. But considering that its price has dropped a lot since its release, in my personal opinion, it is very unlikely to grow well again.
Chart analysis: In the daily and btc pair charts as you can see in the screenshots below, the trend line is broken and in fact in the daily chart the SRN currency has lost support and in my opinion it is not suitable for buying at all at the moment.
Given the support range in the Satoshi 90 area, buying in that area may be profitable in the short term.
Pros
- In the Satoshi 90 range, buying for short-term trade can be profitable (this is my personal opinion).
- This currency is traded in reputable and famous exchanges such as upbit, huobi global and bittrex, and this can protect it from very sharp falls.
- The idea of this project is almost unique
Cons
- Long-term expectations of the project were high, but the value of its currency did not indicate its success
- The support trend line is broken and the price may fall further
