TABOO TOKEN (TABOOUSD) Price Forecast: May 1
TABOO TOKEN‘s price is now facing the ascending channel. The coin is hovering above the resistance level at $0.00470; if the bulls increase their strength and the price closes above this level, the price’s next jump could be the $0.00950 supply level which would be a turnaround for coin holders.
Key Levels:
Resistance Levels: $0.00450, $0.00550, $0.00650
Support Levels: $0.00300, $0.00250, $0.00200
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 resistance at the recent high.
The coin price finds resistance at the $0.00470 value above the two EMAs as the daily session opens today. This suggests an uptrend in the context of the strength of the market and also shows that buyers are still in dominant the price actions at present.
Meanwhile, the pair has a target price of level $0.00950 as it’s about reaching the upper resistance as indicated by the daily stochastic pointing upwards. The mentioned target might be reached in the days ahead in its long-term perspective.
TABOO (USD) Medium-term Trend: Bullish (4H Chart)
TABOOUSD is having a bullish posture in its medium-term outlook. The coin price can be seen above the two moving averages which has confirmed its bullishness.
The bulls caused an increase to the $0.00470 resistance level above the moving averages as the 4-hourly chart opens today, this confirms the presence of more bulls in the market at the moment. Thus, staying above the moving averages will enable the coin to rise further.
Hence, if the IBATUSD price sustains above the current resistance level, the resulting rally may surpass the $0.00557 level and hit the $0.00950 psychological level at the upside in the days ahead in the medium-term time frame.
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