In Battle Infinity‘s first two trading sessions of the 1-hour chart today, we can see that the selling pressure has made the price rebound to the support level of yesterday. After the market went in favour of the bulls yesterday, And the first session for today favoured the bears, it is as though the bears are met with strong bullish resistance in the second session of the day. This has kept the bearish candle weak. Due to this bearish resistance, IBAT bulls may overpower the bears and take the next trading session, but for now, the buying pressure is very weak. But it is an opportunity for investors to come into the market because the coin has prospects. At the present, the price is doing well at the current price of $0.008152
IBAT/USD Supply Levels: $0.008152, $0.008269, $0.008651
IBAT/USD Demand Levels: $0.0082669, $0.007389, $0.007241
IBAT/USD Short-Term Trend: Bearish (15-Minute Chart)
This type of chart helps us to scale down to see how the market had gone since its day of inception. Out of all the sessions of the day, we can see that the bears have taken the most of the session. The few bullish moves help to consolidate the price. But the bullish pressure had grown stronger in past sessions as the price actions have crossed below the 9-day and 21-day moving average.
Battle Infinity: Views From the Indicator
For Battle Inifity at the present, the indications of the RSI line have dropped from a market strength of 66% to 20%. At this point, the line may seek an upper position because it has gone well into the oversold region and the price might have to correct itself to the upper position immediately.
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