Bitcoin SV Price Analysis: The upward trend in BSV token price has stopped near the $ 150 mark

  • The BSV token price increased by more than 30% within a month.
  • The token price is struggling to climb above the 100-day EMA.
  • The BSV / BTC pair is trading at 0.003665 BTC, with an intraday gain of + 5.28%.

The BSV token price has trended up in an uptrend on the daily chart after the breakout of the solid resistance trendline. The coin price is nearing the resistance of the 100-day EMA while the key EMAs are in bearish bias.

The coin price broke through key resistance levels of $ 135 and $ 150 during the growth phase. The resumed growth of the BSV token price can lead to a growth of 30% to 50%. However, in the unlikely event of a bearish breakout, a decline of the same magnitude could be possible.

The BSV token price is $ 169 with market capitalization moving slightly 4.33% over the past 24 hours. Additionally, the intraday trading volume of BSV coins has increased by 22.94%, predicting the possibility of another uptrend.

BSV token price increase in a channel

The BSV token price has managed to keep the EMAs on the 4-hour technical chart in particular, while growing in a parallel channel. However, the token price is near the resistance of the channel and projects a decline back onto the support trendline.

According to the pivot point indicator, the bullish break in BSV coin price could be difficult to climb above the resistance levels at $ 190 and $ 230, while a bearish reversal is the support level at $ 150 and $ 100.

The relative strength indicator (bullish) predicts the underlying bull market will rise as the RSI line gradually moves up and slightly below the overbought zone.

The ADX indicator implies an increase in trend momentum when the ADX line rises.

Graduation- The BSV Coin Price shows significant growth potential as it rises back to the support trendline in a parallel channel despite the near-term retracement opportunity. However, investors looking to get near the support trendline will have to wait for a reversal pattern indicating lower price rejection for a better risk / reward ratio.

resistance – $ 190 and $ 230

Support – $ 100 and $ 150

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