ResolvLabs priceResolv

📊 $RESOLV Chart Outlook (S/D) Here's a quick Supply & Demand analysis for $RESOLV. This chart has shown significant relative strength compared to $BTC and $ETH in its recent move. We can clearly see a breakout from a descending pattern, which was fueled by a substantial increase in volume. This indicates strong buying interest. Currently, the price is reacting to two key levels: 1. Overhead Supply: A strong resistance zone is located at $0.1900 - $0.2050. 2. New Demand: A support/demand area has formed on the pullback, around $0.1120 - $0.1300. The immediate-term price action will likely be determined by the battle between these two zones.

$RESOLV short this coin

What is Resolv? Resolv is a decentralized protocol designed to maintain USR, a delta-neutral stablecoin that is fully backed by Ethereum (ETH) and Bitcoin (BTC). USR maintains its peg to the US Dollar without relying on fiat reserves or over-collateralization. Instead, it uses a delta-neutral strategy involving perpetual futures contracts to hedge price exposure and sustain a market-neutral position. The Resolv protocol introduces RESOLV as its native utility and governance token. It plays a central role in the ecosystem, allowing holders to participate in governance, earn staking rewards, and engage with the broader platform through a staking multiplier system. Resolv Labs developed the protocol to address issues in existing stablecoin models, such as centralization and inefficient capital usage. The protocol avoids reliance on centralized institutions by using only on-chain assets. It also achieves capital efficiency by enabling 1:1 minting of USR without requiring excess collateral. #Resolv $RESOLV

$RESOLV Ao analysis 0.31$