TABOO TOKEN (TABOOUSD) Price Forecast: March 15
The TABOO TOKEN (TABOOUSD) price may rally up to the $0.00250 high value as it is on its way to the upper resistance trend levels. The coin price may rally up to the mentioned supply level if the bulls could challenge the selling pressure and breakup the $0.00235 supply level, the price may further extend to the above mentioned upper resistance value.
Key Levels:
Resistance Levels: $0.00150, $0.00160, $0.00170
Support Levels: $0.00130, $0.00120, $0.00110
TABOO (USD) Long-term Trend: Bullish (Daily Chart)
TABOOUSD indicates an upward trend with a bullish sentiment in its long-term perspective. The coin is trading above the two EMAs. However, the market is presently facing the upper resistance at the recent high.
The bulls’ activity at the $0.00133 supply level during the yesterday’s session has made the coin price remain strong above the supply trend line.
The coin price on the daily chart today is currently facing the upper resistance and trading at the $0.00140 correction level above the supply trend levels. Further, the rising prices reclaimed more confirmation for a bullish recovery.
If the bulls could prove stronger and increase the buying pressure, the TABOO TOKEN price may rally up to retest the $0.0235 previous high.
Similarly, the coin price suggests an uptrend on the daily stochastic, this suggests further bullish trend continuation and this forth coming development may drive and extend the crypto price to the $0.00250 upper resistance trend line in the days ahead in its higher time frame.
TABOO (USD) Medium-term Trend: Bullish (4H Chart)
The TABOOUSD pair remains in the bullish market zone in its medium-term view. The market price staying above the resistance trend line confirms its bullishness and the high impact from the bulls. The coin has been making a higher highs and higher lows in the previous actions; this has made it possible for the price to maintain an uptrend.
Despite the interruptions from the short traders at a $0.00128 low level, buyers successfully pushed market price of TABOO TOKEN above the moving average lines at the $0.00140 supply level as the 4-hourly chart opens today. Hence, we have a bullish bias that the coin price will rise further to the upsides if the buying pressure should increase.
Currently, the crypto is making a correction as indicated by the daily stochastic, therefore there may be a potential rise in the TABOOUSD price and this may possibly retest the previous high at the $0.00179 supply level which might further extend the coin price to the $0.00250 high trend line in the coming days in its medium-term outlook.
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