Many of you have been wondering why $AEVO has been stagnant for the longest time at the $2.4 - $2.6 range. And so many weak hands were too disappointed, or kept on complaining of continued dumping, and were no longer able to hold further.
First about the dumping. It was pretty normal after a major airdrop. Many recipients were simply liquidating their free tokens.
But if you look at it from a true trader's point of view, the positive thing about #AEVO is that even behind all the continuous dumping, it held its position very well which confirmed a very strong support. Secondly, I believe these dumpers weren't too smart for being too in a hurry to dump their free tokens for a small price.
For the stronger hands, all you need to do is wait until the market rids of these weaker hands. Once the bears have liquidated all their free tokens from the recent airdrop, given the very strong support, then the bulls will takeover.
That's the time you will see the price of $AEVO moves further north east.
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