- The BORA coin 4-hour chart shows a long bullish candle at the 0.318 FIB support
- The BORA/BTC pair was trading at 0.00001824 BTC with a gain of 18.8%
- The 24-hour trading volume in BORA is $3.1 Billion, indicating a loss of 16.8%
In these last few days, the BORA coin experienced a sudden boost in its market price. From the November 15th low, the coin has indicated a 240% growth, where the new rally made a high of $1.2 mark. Yesterday, the coin price was rejected from this level with an evening start candle, displaying a minor pullback. The current price of the BORA coin is $1.15, with an intraday gain of 21.29%.
The BORA coin’s market price is trading high above its moving average, i.e., EMAs 20 and 50 indicating a strong uptrend. The RSI value at 63 indicates a strong bullish sentiment within the BORA coin.
The BORA Coin In The 1-hour Time Frame Chart
The BORA coin price obtained sufficient support from the 0.382 Fibonacci pivot levels and bounced back with a long bullish candle. The coin price is currently at the doorstep of the $1.16 resistance, and the crypto traders should wait for a proper breakout that can provide a good entry opportunity.
The moving average convergence/divergence indicator (BULLISH) shows both the MACD line and signal lines moving higher above the neutral zone (0.00), indicating bullish sentiment. Moreover, these lines could soon provide a bullish crossover, projecting a buy signal for crypto traders.
Conclusion: From the technical perspective, the overall sentiment of the BORA coin is strongly bullish. And as mentioned above, the coin chart suggests the continuation of this bull rally if the coin price manages to breach the new resistance of $1.16.
Support– $0.83
Resistance– $1.16