Net Savings Link Inc (OTCMKTS:NSAV) Stock Continues to See Selling Pressure: Down 25% In a Week

The cryptocurrency, digital assets and blockchain technology firm Net Savings Link Inc (OTCMKTS:NSAV) has emerged as one of the more important entities in its industry in recent times.

Market Stats

On Tuesday, NSAV stock fell 5.46% to $0.0138 with more than 20.75 million shares, compared to its average volume of 22.05 million shares. The stock moved within a range of $0.0133 – 0.0150 after opening trading at $0.0149.

NSAV Announces Ritestream (RITE) Token Listing on NSAVDEX

However, in the past week the stock has performed poorly and the poor performance continued yesterday as the stock declined by 5% for the day. That took the decline suffered by the stock in the past week to as much as 25%. In light of the latest decline suffered by the stock, it may be a good time for investors to consider taking a look at announcement made by the company last yesterday.

Net Savings announced yesterday that the Ritestream Token was on the verge of being listed on the NSAVDEX Decentralized Exchange that it owns. The company noted that the token will be listed on the exchange on March 24 this year. It goes without saying that the listing of another token is a major development for the company but it did not enthuse the investors much and the stock declined sharply following the announcement. At this point in time, it is going to be interesting to see if the Net Savings stock rebounds quickly or not.

Traders Corner

NSAV stock is trading below the 20-Day and 50-Day Moving averages of $0.0167 and $0.0190 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0293.