OVERTAKE (TAKEUSD) Price Could See More Increase

OVERTAKE (TAKEUSD) Price Forecast: October 17

The TAKEUSD buyers are gaining strength today. The pair could see more increase as the bulls remain dominant in the market. The coin price shows signs of recovery after experiencing significant declines in the past few weeks. According to the view, if buyers raise their market activity aggressively, the cryptocurrency may continue its bullish journey, breaking the resistance level at $0.327 and reaching the upper resistance level of $0.350 and beyond, offering a good entry opportunity for coin buyers.

Key Levels:
Resistance Levels: $0.335, $0.336, $0.337
Support Levels:     $0.177, $0.176, $0.175

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

The OVERTAKE price remains steady in a bullish trend and could see further increase as the bulls continue to gain strength, lifting the token to new highs.
The price bars are above the moving averages with huge volumes from the bulls. Thus, the recent market structure has favored the bulls.

The sustained bullish activity to a $0.318 high level in the last session has enhanced the crypto price to remain firm above the supply levels in its recent high.

Today, the market price of TAKEUSD at the $0.331 supply level above the EMA-50 as the 4-hourly chart opens implies that the price is in an uptrend, and from this point of view, the token could grow to a significant level at the upper range.

Furthermore, a potential upswing would be a better confirmation of a bullish recovery if buyers can break above the October 9th high of $0.327.

The post-breakout rally could lead the crypto price towards the $0.350 upper resistance area, creating excitement among investors in its higher time frame.

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

The order flow from the bulls has made the OVERTAKE price see more increase and remain under upward pressure in the medium-term time frame. The price bars are above the moving averages, confirming its bullish trend.
The bulls’ increase in buying pressure at a $0.319 high level has contributed to the bullishness in its recent high.

Today’s market value of TAKEUSD is at a $0.331 supply value above the EMA-50 as the 1-hourly session opens, suggesting the token price could see further growth. Buyers remain dominant, and the journey up north continues.

If the bullish momentum persists, a breakout above the $0.340 combined resistance with candle closing will signal a strong buy for interested traders.

In addition, with the daily stochastic pointing upwards, the OVERTAKE market price could accelerate if all the support holds in place.

Thus, the coin price might jump to the $0.350 upper high level in its medium-term outlook.

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