SOS is in a precarious situation. It needs to hold the $2.90-3.00 support line. If BTC dumps to 31K it might struggle to hold the $2.90 support area.
This may eventually pass, as eventually Crypto will recover in the long term.
Please Note: The analysis is based on my own views and it should not be treated as financial advice.
Please feel free to share your own opinions/comments.
Best,
Adit Doza Part-time Faculty Mike Ilitch School of Business & Final Year PhD Candidate (Expected July,2021), Department of Economics Wayne State University