{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/cyberconnect-cyberusd-price-retracement-may-reach-the-16-2307-high-level\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/cyberconnect-cyberusd-price-retracement-may-reach-the-16-2307-high-level\/","headline":"CyberConnect (CYBERUSD) Price Retracement May Reach the $16.2307 High Level","name":"CyberConnect (CYBERUSD) Price Retracement May Reach the $16.2307 High Level","description":"CyberConnect (CYBERUSD) Price Forecast: September 5CyberConnect is recovering, and the price retracement may reach the mentioned supply level as the bulls take their stand to push the crypto higher. Thus, if the coin closes above the previous high of $16.2307, the accelerated buying pressure may extend the crypto price to hit the $16.0000 upper resistance […]","datePublished":"2023-09-05","dateModified":"2023-09-05","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"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.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/09\/CYBER-IMG.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/09\/CYBER-IMG.png","height":200,"width":200},"url":"https:\/\/forexschoolonline.com\/cyberconnect-cyberusd-price-retracement-may-reach-the-16-2307-high-level\/","about":["Cryptocurrency","Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Technical Analysis","Trade Idea","Trade Setups"],"wordCount":448,"keywords":["CyberConnect","CYBERUSD","Technical Analysis"],"articleBody":"CyberConnect (CYBERUSD) Price Forecast: September 5CyberConnect is recovering, and the price retracement may reach the mentioned supply level as the bulls take their stand to push the crypto higher. Thus, if the coin closes above the previous high of $16.2307, the accelerated buying pressure may extend the crypto price to hit the $16.0000 upper resistance level and beyond. Thus, a potential buy signal.Key Levels:Resistance Levels: $10.0000 $11.0000, $12.0000Support Levels: $7.0000, $6.000, $5.0000CYBER (USD) Long-term Trend: Bearish (1H Chart)The CyberConnect price is in a bearish trend zone in its long-term chart. Further, the price is trading below the two EMAs; which means that it\u2019s in a bearish market zone at the moment. This is due to the high inflow from the sell traders. However, there is about to be a turnaround for the coin buyers as it has resumed its price retracement.The sustained bearish pressure to a $6.8183 low value in the previous session has made the crypto price remain below the supply trend levels in its recent price level.Commitment from the bulls now retraced the price of CYBERUSD from the mentioned support to a $7.2135 high mark slightly below the two EMAs as the 1-hour chart resumes today.In theory, the new correction pattern is a sign of a gradual increase in buying pressure which might lead to a massive bullish upswing. In addition to this, the daily signal indicates an uptrend; thus, a potential breakout will offer traders a long entry opportunity with a potential target of $16.0000 upper resistance value in the days ahead in its higher time perspective.CYBER (USD) Short-term Trend: Bullish (30 Minute Chart)The short-term market value of CyberConnect is moving in a bullish direction as can be seen from the chart below. The coin price now trades above the EMA-9 and confirms a bullish race. This is due to price retracement caused by the bulls in the coin market.However, the previous action at the $6.8183 high level in the past few minutes has really sustained the coin price to remain above the trend line in its recent high.Today, additional buying pressure pushed the price of CYBERUSD above the critical level from the $7.1326 value to the $7.2135 resistance level above the EMA-9 on the 30-minute chart.This will however give the buy traders the tendency to further ladder up the trend. To push the price above the supply zone more buyers\u2019 participation is a prerequisite.However, there is a possibility of a further increase in the price of CyberConnect if the buy traders should increase their price actions and all the current support level holds, a psychologically key level at the $16.0000 supply level might be reached soon in its short-term time frame.Buy CyberConnect on eToro "}