Introduction
The last few weeks of the year 2021 look set to be a nail-biting time for the world of cryptocurrencies, and when I say nail-biting I mean a very bullish environment that will favor the price action of most cryptocurrencies.
Recall that in the last two weeks, the price action that has been developing Bitcoin has been besieged by bearish traders, but nevertheless, in the last 24 hours has led to significant bounces above $56,000 that has brought a new expectation in bullish traders, achieving a new momentum in the RBS token (native token of the #RobiniaSwap platform) at $0.161.
While the market's leading cryptocurrency in the next few hours may again exceed $60,000, which may encourage investors to take positions element that could somehow establish a new all-time high.
From my perspective, any scenario that propitiates a bullish rebound in the entire crypto market, would generate ideal conditions for RBS to strongly overcome the $0.20 resistance, a behavior highly expected by those who invested in this DeFi token more than two months ago.
In addition to the behavior of the crypto market, the 442,000+ RBS burn corroborates the view of a lower supply of the token and, therefore, may also act as a strong impetus to achieve a price recovery above $0.20.
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The cover image was designed by the author: @lupafilotaxia, incorporating image background: Source: Selfbank
