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Battle Infinity (IBAT) Price Forecast: December 21
The IBATUSD price is close to the $0.002500 supply mark at the moment as the bulls took to their stand to push the crypto to the upper resistance value. The coin price has already increased significantly in the previous actions and the bears are clearly losing control. The crypto may likely hit the last high at the $0.002500 resistance level provided the current support level at $0.001700 holds.
Key Levels:
Resistance Levels: $0.002500, $0.00600, $0.002700
Support Levels: $0.001700, $0.001600, $0.001500
IBAT (USD) Long-term Trend: Bullish (1H Chart)
The Battle Infinity price is in a bullish market at the moment. Further, the coin is trading above the moving averages making higher highs and moving toward the upper resistance area.
The sustained bullish pressure pushed the currency pair up to the $0.001744 supply level during yesterday’s session and sustained it. This has made it capable for the coin to remain in an uptrend.
Despite the interaction by the bears, the bulls successfully pushed the coin price up to the $0.001710 high mark above the resistance trend lines as the journey up north continues shortly after the 1-hourly chart opens today. This indicates that the bulls are coming gradually into the market to stage a play. Further increase in the buying pressure will lead the price of IBATUSD to the $0.002500 high mark.
Hence, with the stochastic signal pointing upwards, if the buy traders successfully keep the coin prices above the $0.001845 supply level, a retest of the previous high at the $0.002500 level is possible in the coming days in its long-term outlook.
IBAT (USD) Short-term Trend: Bullish (15-Minutes Chart)
The IBATUSD market can be seen progressing forward in its short-term perspective. The bulls are having the market at their disposal at the moment. The pair is in a smooth uptrend as can be seen from the chart below.
However, the crypto has been making high highs and high lows in the previous action and has succeeded in staying above the supply trend lines. The market is presently facing resistance at the recent high.
Today, after completing the downward moves at the $0.001702 low value, the bulls caused a rise to a $0.001720 high level above the moving averages to resume its uptrend. From the look of things, it seems it will keep growing. If the bulls should add extra effort to their buying activities, Battle Infinity’s price may move close to the $0.002500 high level.
In addition, the coin price is pointing upward on the daily stochastic, indicating an upward move. We, therefore, expect a break above the $0.002500 high value and growth in the coin price beyond the mentioned resistance in the nearby days in its lower time frame.
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