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Battle Infinity (IBAT/USD) Price Ready to Pump 

Johnathon Fox
01/26/2023 | UPDATED ON: 01/26/2023

At $0.001620, Battle Infinity‘s bearish price was rejected, and the market was taken over by the bulls. The bear market was cut short in the same way the bull market was cut short at the $0.00176 price level in yesterday’s market. It is expected that the price is going to rally, giving the bulls the chance to recapture the key resistance. 

Key Levels

  •   Resistance: $0.0022, $0.0021, $0.0020
  •   Support: $0.0017, $0.0016, $0.0015

 IBAT/USD: The Indicators’ Outlook 

The market now ranges sideways between $0.00176 and $0.001620; the space between the support and resistance levels is that wide. This points to the fact that the market is still very volatile, as the price movement oscillates fast between the demand line and the supply line. But for now, the price is moving to the upside. The MACD indicator illustrates the bullish price recovery with its faded, progressive red histograms.

Battle Infinity (IBAT/USD) Price Ready to Pump 

Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)

However, from the 15-minute point of view, the bull market is facing a bit of an obstacle at $0.001660. The Bollinger Bands indicator is giving the impression that the market is about to settle for a price consolidation. Another possibility is that the bulls may just secure a strong support level at this point and use it as a basis to take the price beyond the limit of $0.001760. 

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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