Been holding this tech giant since the $600 mark—now comes the real challenge.
Watching closely to see if price can punch through that weekly resistance. Market's probably trying to decode whether those metaverse division layoffs are bullish or bearish.
Honestly? I wasn't against their VR ambitions from a 3+ year horizon. The optionality was there. So this whole job-cutting narrative doesn't really move the needle for me. Still feels like they're trimming fat rather than abandoning the vision.
Let's see if conviction shows up in the chart.
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TokenSherpa
· 12-05 15:33
actually, let me break this down—if you examine the historical voting patterns on similar tech pivots, you'll see this exact scenario played out before. fundamentally, what we're witnessing here is a governance precedent in motion. the layoffs? empirically speaking, they signal tokenomics framework optimization, not abandonment.
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VirtualRichDream
· 12-04 18:57
Bought in at 600... Now it's all about whether it can break the weekly resistance. To put it bluntly, it's a gamble on mentality.
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PriceOracleFairy
· 12-04 18:56
ngl the layoffs are just market noise trying to trigger paper hands... real conviction holders know this is just pruning dead weight before the actual pump
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MechanicalMartel
· 12-04 18:56
Can cutting people really lead to a price increase? I doubt it.
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AlphaWhisperer
· 12-04 18:55
NGL, the layoffs actually seem more like shedding baggage. In the long run, I'm still optimistic.
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ShibaSunglasses
· 12-04 18:49
Bought in at 600, this time we need to let the chart do the talking.
Been holding this tech giant since the $600 mark—now comes the real challenge.
Watching closely to see if price can punch through that weekly resistance. Market's probably trying to decode whether those metaverse division layoffs are bullish or bearish.
Honestly? I wasn't against their VR ambitions from a 3+ year horizon. The optionality was there. So this whole job-cutting narrative doesn't really move the needle for me. Still feels like they're trimming fat rather than abandoning the vision.
Let's see if conviction shows up in the chart.