Battle Infinity (IBAT) Price Forecast: January 24
IBATUSD price will most likely bounce up to the $0.01000 supply value. The crypto could go higher and continue its bullish correction to hit the $0.002500 resistance level, if the price is able to break up the mentioned supply level, then we can expect a good upside momentum up to the $0.01000 high level.
Key Levels:
Resistance Levels: $0.002500, $0.002600, $0.002700
Support Levels: $0.001800, $0.001700, $0.001600
IBAT (USD) Long-term Trend: Bearish (1H Chart)
Battle Infinity portrays a bearish market trend in its long-term outlook. The price responded to the shift in the market structure and is currently below the moving averages. It is very likely that the upward trend will resume after a potential upcoming dip.
Today’s 1-hourly bullish candle at the $0.001633 resistance value below the moving averages confirms the bulls’ return to the market. This breakup may possibly accelerate the bullish momentum and extend the ongoing correction to a higher level.
In addition, the daily stochastic indicates an upward trend in the oversold region; this means that the selling pressure has been exhausted. The buy investors, therefore, expected to continue with the Bull Run and the target might be the $0.01000 resistance level soon in its long-term outlook.
IBAT (USD) Short-term Trend: Bullish (15-Minute Chart)
Here on the lower time frame, Battle Infinity price is in a bullish movement zone. This is due to the high inflow from buyers. The price bars can be seen trading above the EMA-9, this means that the coin is in a bullish trend zone.
IBATUSD is losing bearish momentum as it rises to a $0.001637 high level above the EMA-9 as the 15-minutes chart begins today. This is due to a high bullish impact on the market price.
Hence, Battle Infinity is showing more upside possibilities as shown by the momentum indicator pointing up in the oversold region of the market; we can certainly expect more gains and strength from the coin. The pair may likely reach the $0.01000 resistance level in the days ahead in its lower time frame.
Battle Infinity has huge potential for unusually massive returns. Buy IBAT here
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