- Black Agnus Price Rebounds On Support Level Within The Bearish Channel
- Black Agnus Price Could Break Above The Bearish Channel
- Analysis and Forecast of Black Agnus Price Growth
In the last 24 hours, the Black Agnus price has surged by 401%, reaching $0.002762. This significant jump was accompanied by an explosive increase in trading volume of 1981%, reaching $124 million.
Black Agnus Price Rebounds On Support Level Within The Bearish Channel
The FTW/USD trading pair shows a descending channel pattern, where the price has been trending downward. However, the price has broken out of this descending channel, which is a bullish signal indicating a potential reversal of the previous downtrend. Post-breakout, the price appears to be targeting the 200-period simple moving average (SMA) at 0.00000269, which acts as a key resistance level and a potential target for short-term gains.
Black Agnus Price Could Break Above The Bearish Channel
The price recently found support around 0.00001770, from which it bounced upward. The immediate resistance lies at the 50-period MA at 0.0000185, with the 200-period MA at 0.0000269 acting as the next major resistance level. If the price can clear these levels, it could lead to a more sustained bullish rally.
Analysis and Forecast of Black Agnus Price Growth
Current technical indicators suggest a possible further bullish movement: MACD shows a bullish crossover, RSI is in the neutral zone but slightly leaning towards bulls. If the price holds above the 50-period MA, it may signal the continuation of the bullish trend.
All mentioned technical signals point to a possible continued rise in the Black Agnus price in the near future. However, confirming the sustainability of this trend requires the price to consolidate above key resistance levels.
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