After a huge victory on the 12th of August which took the price of BAL/USD to $7.16545932, bulls began to lose ground to the bears. The 13th of August saw a bit of struggle between the buyers and the sellers. The following day ended in favor of the bears. They took the price almost halfway down its previous price.
The Market Price Statistic Data
- BAL/USD price now:- $6.79000000
- BAL/USD market cap:- $291,761,262
- BAL/USD circulating supply:- 42,809,933 BAL
- BAL/USD total supply:- 51,514,933 BAL
- BAL/USD coin market cap ranking:- #123
Key levels
- Resistance: $5.75198600, $6.3577608 $7.2159405
- Support: $6.30727909, $5.87818898 $4.99476818
Your capital is at risk
Balancer’s Price Prediction: The Coin May Regain Ground
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The RSI Itself is measuring 59.26%, while the signal line is measuring 58.55%. that is quite close. The Bulls are proving stronger. But the Moving Average Convergence and Divergence indicator suggest a fall in the bullish momentum. The positive activities of the histogram are reduced.
BAL/USD 4-Hour Chart
On the 4-hour chart, market momentum has switched to the negative side. The MACD line has crossed the signal line. And the negative histogram activities appear to be strong. But, the negative histogram is not yet as strong as the previous positive histogram activities. The price of the coin may still hold at $6.800000
Related
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