Balancer Price Prediction for Today, December 27 – BAL Technical Analysis

According to Balancer price predictions, BAL is likely to surpass the upper boundary of the channel with the coin reaching its daily high of $4.68.

Balancer prediction statistical data:

• Current Balancer Price – $4.60
• Balancer market cap – $256.6 million
• Balancer Circulating Supply – 54.1 million
• Balancer total supply – 60.8 million
• Balancer CoinMarketCap Ranking – #187

BAL/USD market

Main level:

Resistance levels: $5.20, $5.40, $5.60

Support levels: $4.00, $3.80, $3.60

BAL/USD is showing strength as the coin remains above the 9-day and 21-day moving averages. Meanwhile, due to the lack of purchasing power, bulls may need to muster enough energy to push the coin higher. The 9-day moving average is crossing the 21-day moving average upward, suggesting an upward trend.

Balancer Price Prediction: Balancer (BAL) Prepares for the North

According to the daily chart, the Balancer price is poised to create more of an upward trend as the coin moves beyond the upper boundary of the channel. Meanwhile, the more pressure the bulls put on the bears, the higher the coin will go. Therefore, if the bulls maintain their upward trend, BAL/USD could continue its bullish move and push the coin towards resistance levels of $5.20, $5.40, and $5.60.

Nonetheless, on the negative side, strong selling pressure could push the price below the lower limit of the channel, and if BTC slips below this barrier, a very strong bearish move would push the price down to support levels of $4.00, $3.80, and $3.60 respectively. can. .

BAL/BTC is on the rise.

Compared to Bitcoin, Balancer price is above its 9- and 21-day moving averages as bulls increase market entry. At the time of writing, Balancer price has not risen above the channel cap, but is currently trading around 1068 SAT. So, if the coin signals a bullish rally, it may encounter resistance above SAT 1200.

Looking at the daily chart, traders can see that the market can continue to follow the bullish move while the 9-day moving average has made a bullish crossover above the 21-day moving average to confirm the bullish move. Conversely, a bearish move below the moving average may find support below 920 SAT.

Balancer Alternative

Balancer price looks set to break above the upper limit of the channel, potentially triggering further upside. However, if buyers increase pressure, the coin could start another upward momentum aiming to break the $4.65 resistance level. Meanwhile, a positive break above the channel acts as an early bullish signal, encouraging buyers to push the price higher.

Meanwhile, the main difference between Bitcoin Minetrix and Balancer (BAL) lies in their modest market capitalization, currently earning nearly $6.3 million in the pre-sale phase. Balancer ranks 187th with a market capitalization of $255.4 million, but $BTCMTX stands out as a token with significant potential. For potential investors, the ideal opportunity to invest in $BTCMTX is now rather than waiting.

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