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- BORA Price Prediction underlines the bearish sell pressure of BORA Coin which is trading in the depths
- BORA Coin has deprecated by 56.34% in the last one year.
BORA Price Prediction highlights the prevailing bearish sentiments for BORA Crypto which is sliding down to its all-time lows. BORA Coin is trading at $0.135. The Market is up 0.74% in the last 24H.The 24H Volume witnessed a jump of 66.11%. The overall market cap of $BORA Token is $134,670,375
BORA Price Prediction: Price crawls towards all-time lows
The Daily chart shows that Bora Coin is trading in a bear market. Prices struggle to sustain key support zones. Buyers show lack of participation as the asset lost more than 92% from its all-time high. The market is filled with investors who got trapped buying at early prices and want to sell while minimizing the loss.
BORA Price prediction shows significant sell pressure in the month of February. The price got a massive rejection at $0.240. Market formed and inverted hammer with a big wick which weakened the market significantly. BORA Token additionally lost 50% since bringin the price to the key support of $0.120
Sideways consolidation : Technical Indications.
A closer look at 4H Chart unveils the sideways condition of the market. BORA Price is bouncing between the support and resistance of $0.120 and $0.150. Market shows lack of momentum and missing interest.
Technical Indicators support the claim of a sideways market condition. Traders are closely watching the levels for a potential breakout . A breakout of resistance could fuel a bullish momentum while a breakdown could trigger panic selling leading to falling prices
RSI: The RSI indicator is currently at 52.45 on the 4H. It means the market can be sideways
MACD: The MACD is about to make a bullish crossover. The Histogram highlights the loss of momentum of the sellers. The indicator is still below the 0 lines. It represents sideways conditions
200 EMA: As observed, on the 4hr, the price is trading below the 200 EMA(exponential moving average) which acts as a significant resistance. This is a clear indication of a downtrend where the sellers are in control and for a trend reversal, the price must break and trade above the 200 EMA.
Conclusion:
BORA Price Prediction highlights the prevailing bearish sentiments for BORA Crypto which is sliding down to its all-time lows. Market is driven by extreme fear which drains the confidence of new buyers. Existing Investors are looking to get out at minimum loss thus adding to the sell pressure. Investors can get attracted due low prices but should consider a good risk management plan along with fundamental research.
Technical levels
Support Levels: $0.120- Support 1
$0.102- Support 2
Current Price: $0.135
Resistance Levels: $0.150 – Resistance 1
$0.198 – Resistance 2
Disclaimer:
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
