It is a rugpull. New investors should be .....READFolks, Seamless protocol has no backers, no fundraising, no community.
1. Look at their twitter (X), they posted and reposted useless things. Also, removed bio on X- a sign of a rugpull.
2. Devs make a ton of proposals to unlock more #SEAM to dump on market. The team claim & sell daily to take profits.
3. A decentralized, but voting is just when all the votes are controlled by the team.
The fact that no one use their protocol, TVL drop since the date it launched. From top #3 TVL to top #30 and still down. Devs actively claim & distribute rewards to their team then they dump on the market.
SEAMUSD trade ideas
No future for SEAM? Massive Proposal to unlock. Not financial advice. Do your own research!
1. Devs made proposal to UNLOCK 10 millions #SEAM to dump on the market.
2. Check Seamless protocol twitter (X), it recently remove bio and lose "blue sticker".
Overview:
a. Seamless Protocol has relatively low liquidity.
b. The Total Value Locked (TVL) has been continuously decreasing due to a lack of users.
c. The daily sell pressure is quite strong, while the demand to buy is low, which leads to a decline in price over time.
Ex: - successful projects typically have strong engagement on their social media platforms, where they regularly post updates about technology, development progress, and achievements. In contrast, this project only posts random content. It seems like Seamless Protocol may be neglecting the project. 80k Followers, but all bots. Posting repeat contents.
- another similar project and SEAM will follow with 98% drop: check SEED_DONKEYDAN_MARKET_CAP:XCN
- Ponzi scheme called a reward project with massive unlock rate and no backers, no fundraising, no community.
Finally, You should keep in mind that during an uptrend, not all projects will succeed, and if you choose the wrong one, you may end up with nothing. Everyone should carefully consider and be cautious with this project.
SEAMUSD 12/7/2024SEAMUSD Daily Chart Analysis
This coin entered a significant downtrend between May and October 2024 but found bottom November 2024.
• Trend Reversal: In early November 2024, the price found its floor and began moving sideways, forming a triple bottom reversal pattern.
• Breakout Confirmation: At the start of December, the price broke out above the previous resistance on a spike in volume, confirming the reversal pattern and signaling the end of the accumulation phase.
• Consolidation Phase: Post-breakout, the price moved sideways, forming a series of small doji candlesticks supported by the 10-day EMA. This indicates low volatility and a temporary pause in the trend.
Technical Indicators:
• MACD: Above its signal line and moving into bullish territory, suggesting building momentum.
• Volume: Spiked during the breakout, validating the bullish move.
• EMA Support: The 10-day EMA continues to act as a strong support level, reinforcing bullish sentiment.
With BTC momentum at all-time highs and technical indicators aligning, SEAMUSD presents a strong bullish setup.
Entering Trade Long:
• Entry: 1.3665
• Stoploss: 1.1331 (-17.08%)
• Target: 2.9878 (+118.65%, 6.95 RR ratio)
SEAMUSD Summary
SEAMUSD shows strong signs of a bullish reversal after a prolonged downtrend. Following a confirmed triple bottom pattern and a breakout with high volume, the price has entered a consolidation phase supported by the 10-day EMA. With the MACD in bullish territory and BTC at all-time highs, this setup offers a high-probability trade opportunity.
BIG CRASH in Long Term for seamless| BIG SHORT Position My previous prediction is so true when it came to $1.X.
Now this is my new prediction for this project: $0.1
Here are some major reasons:
1. NYSE:WELL (moomwell) on BASE is big competitor in lending & borrowing. It has high TVL. Massive backers (Coinbase). Huge funding rounds.
2. $Seam doesn’t have anything above.
3. $Seam with no users, low demands, tokens high inflation (massive unlock every month)
4. Final, Devs control protocol. All their missions, Claim & SELL for profits. (Check Onchain)
THINK ABOUT THAT! and ALways do your own research, this is not a financial advice.
Mid term Target for Seamless, Drop More?I’ve been in this Crypto markets since 2016. From my experiences, most of projects related to Lending/borrowing will dramatically dump after the launch. The core of these kind of projects is about encouraging users participate in the protocol to receive rewards. They will charge gas fee as ETH, not their governance tokens. Thus, token emission is high inflation => decrease in price for a long time. I expect a bottom at about 87% to 97% from ATH.
This is my personal views not a financial advice.
SEAM USDFirst and foremost, this is not financial advice. Your financial decisions are your
sole responsibility.
SEAM USD is looking bullish.
If this flag pattern breaks white trendline with conviction, then we
may possibly see a 35% target around 6$
A strong candle close with body above followed with volume will confirm
a breakout. Stay alert on this one.
$SEAM - let's see how high this thing can goI've been watching $SEAM since it was released back in December. It looks to finally have formed a base and is looking like it's going to make a move soon.
Once it breaks out of its bottom pattern, should move quickly higher.
Let's see what happens from here.
I'm in from this region.