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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.
The bearish intervention in the previous action has made the price of IBATUSD trade below the supply trend levels.
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.
The high bullish impact on the crypto in the past few minutes has sustained the price above the resistance level.
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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