Cirus Foundation (CIRUSUSD) Price Forecast: December 19
The high bullish impact on Cirus Foundation has made the coin buyers resume another sharp rally above the resistance trend levels. The coin is currently facing the positive side having finished with the lows. Thus, a breakout above the $0.06838 supply mark will invalidate the bearish theory and a turnaround for the buy traders. Thus, the $0.07000 upper resistance value might be reached soon in its new correction rally.
Key Levels:
Resistance Levels: $0.05000, $0.05500, $0.06000
Support Levels: $0.03500, $0.30000, $0.025000
CIRUS (USD) Long-term Trend: Bullish (Daily Chart)
The long-term market value of Cirus Foundation is moving in a bullish direction as can be seen from the chart below.
The coin buyers have just resumed another sharp rally above the supply level which confirms a bullish race. This is due to the high impact of the buy investors in the coin market.
The bulls’ pressure on the coin to a $0.04703 high level in the past few days has made it possible for it to retain its upward growth in recent times.
A sharp rally by the bulls to the $0.0500 high level above the EMA-50 approaching the overhead resistance on the long-term chart today indicates that the buying traders are actively buying for bullish expansion at this level.
Thus, a possible breakout from the mentioned supply will accelerate the buying momentum and push the prices of CIRUSUSD higher to hit the previous high at $0.06838 level, bolstering buyers for a sustainable rally.
Notably, the market is pointing up on the daily stochastic; this means that the crypto is open for a bullish expansion, in light of this, the Cirus Foundation buyers might drive the sharp rally to hit the $0.07000 supply trend mark, thus registering a buy signal for coin traders soon in its higher time frame.
CIRUS (USD) Medium-term Trend: Bullish (4H Chart)
The CIRUSUSD price also trades sharply above the moving averages, this means that the coin is in an uptrend channel. The bulls are dictating the market conditions at present.
The sustained bullish pressure at the $0.04668 level during yesterday’s session made it possible for the buy investors to retain the strength in its recent high.
The price finds a reliable resistance at $0.05500 value above the moving averages as the 4-hourly session begins today, resulting in intraday gains. This will prolong the upward rally and fuel the release of more buy investors into the market.
Adding to this, more upsides are expected as buyers resume another sharp rally as indicated by the daily signal. It is therefore possible for the bulls to continue with this rally and the $0.07000 resistance mark might be reached soon in its medium time frame.
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