OVERTAKE (TAKEUSD) Bullish Momentum Emerged

OVERTAKE (TAKEUSD) Price Forecast: October 23

The TAKEUSD pair remains in an upward zone as bullish momentum has emerged again, implying that buyers are currently dominant in the market activity. The bulls drove the coin price from an intraday low of $0.294 to a 24-hour high of $0.307, indicating a fundamental increase. Thus, a bullish breakout past the previous high level of $0.327 may set eyes on the next resistance level at $0.340 before attempting another rally.

Key Levels:
Resistance Levels: $0.330, $0.331, $0.332
Support Levels:    $0.171, $0.170, $0.169

TAKE (USD) Long-term Trend: Bullish (4H Chart)

On the higher time frame, the TAKEUSD bullish momentum emerged after completing the downward movements. The coin price is heading toward the resistance line. This indicates a bullish trend.
The bulls’ sustained rally to a $0.311 point during yesterday’s session has enabled the crypto price action above the supply level. This has occurred in recent times.

Today, bullish momentum emerged as the OVERTAKE price rebounded from a low of $0.294 and rose to $0.307 above the EMA-50, as the 4-hourly chart opens.

However, with high buying pressure and positive sentiment, the cryptocurrency has the potential to reach the $0.327 previous supply level and attract more investors.

Additionally, the TAKEUSD price may continue to show a fundamental increase and attract more investors as indicated by the daily stochastic pointing up.

Thus, the bulls could aim at the psychological level of $0.340 upper resistance value sooner as bullish momentum emerged, attracting more buyers in its long-term perspective.

TAKE (USD) Medium-term Trend: Bullish (1H Chart)

In the medium term, the TAKEUSD market shows that bullish momentum has emerged again.
The coin price is trending high towards the overhead resistance levels, suggesting a bullish market.

The bulls’ swing to a $0.304 high value in the last action has retained the coin price above the supply level in its recent high.

The 1-hourly chart began to show positive momentum today, as the OVERTAKE price rose to the $0.307 high, indicating a growing confidence among buyers.

Therefore, if the bulls can accelerate their efforts in the market, a possible breach from the current resistance at $0.307 to reach the $0.328 previous supply value will provide more confirmation for a positive recovery.

Furthermore, the momentum indicator, pointing upward, suggests that buyers may continue to dominate the TAKEUSD market.

This could soon reach the $0.340 upper resistance level as the bullish momentum becomes apparent in the medium-term outlook.

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