Chainbounty (BOUNTYUSD) Trades Strongly above the $0.112 Supply Mark

Chainbounty (BOUNTYUSD) Price Forecast: January 28

The BOUNTYUSD pair trades strongly above the supply trend lines and faces high demand from the bulls. The coin at the moment is trying hard not to fall by resisting sellers. If the bulls’ pressure breaks up the resistance level of $0.120, the coin price may increase further to a $0.125 high trend line, which will be a turnaround for the coin holders.

Key Levels:
Resistance Levels: $0.118 $0.119, $0.120
Support Levels: $0.065, $0.064, $0.063

BOUNTY (USD) Long-term Trend: Bullish (Daily Chart)

Chainbounty remains bullish and trades strongly above the supply trend levels in its higher time frames. Prices are trading above the moving average lines, indicating an uptrend.
However, the previous action at the $0.089 high level has sustained the coin price to trade and remains above the trend line in its recent price level.

BOUNTYUSD is losing bearish momentum as it rises and trades strongly above the supply levels at $0.118 to resume the daily chart due to a bullish impact on the market price.

Hence, more upside possibility is shown by the Chainbounty market as it remains in an uptrend on the daily signal. As a result, more gains and strength from the coin might push the coin price to hit the $0.125 resistance level soon as it trades strongly above the supply trend lines in its higher time frame.

BOUNTY (USD) Medium-term Trend: Bullish (4H Chart)

Chainbounty pair turns positive today. The price also trades strongly above the supply levels in its medium-term, looking nice for the buy trader and signifies a buy trade.
The coin has been having an interference with the long traders, making it possible for it to maintain the upward strength in its recent high.

The BOUNTYUSD’s price rises to a $0.118 supply level above the EMA after the recent threat of increasing. This will give the buy traders the tendency to further ladder up the trend. Meanwhile, pushing the coin price toward the upper resistance channel requires buyers’ participation.

However, there is a possibility of a further increase in the price of Chainbounty if the buy traders should increase their price actions and all the current support level holds; a psychological key level at the $0.125 supply might be reached soon as it trades strongly above the resistance levels in its medium-term forecast.

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