ABBC(ABBC) Price Analysis: Historic day for ABBC

Vasu Singhal
Vasu Singhal is a management student and a stock market trader. He believes that investment avenues and opportunities are very diversified. Therefore, he has an interest in blockchain technology too. He likes to evaluate best investments available in the financial market with showcasing the required skills.
  • After suffering its biggest price fall in history, ABBC made a recovery today. As bulls again start taking control of the prices, nothing can be more perfect for the altcoin.
  • ABBC/BTC pair showing positive signs with an impressive profit of 27.88% bringing the level to 0.00002010.

ABBC1

 The 7day-chart shows ABBC did make an impressive recovery today after facing its biggest price drop. Bulls took control of the bears but only able to achieve the normal level. The resistance level of 0.130 stopped the bullish approach and pushed back prices to the normal.

ABBC’s next market performance will be very crucial regarding its future. As investors are concerned, even after making the price recovery it did occupy by the bearish approach at the end. It’s a serious point as the altcoin still has the tendency to fall below the normal, and current market conditions are very much against the crypto market.

ABBC Technical Analysis:

ABBC2
Source: tradingview

The technical chart shows that ABBC prices did make a recovery today but that was not enough, due to the current volatile nature of the market, cryptocurrency suffered many fluctuations today. ABBC prices did struggle a lot in the bullish zone. Later up again falling below the normal.

The technical indicators and oscillators are showing bullish dominance buying volume of the cryptocurrency.

The MACD levels enjoyed bullish region today but soon run out of steam and prices took a fall. At the end, there was some buying in the cryptocurrency. Still, it went up only to the normal.

The 24hr-RSI took a sharp positive divergence from the depth of the oversold region to the bullish level of normal zone.

The 24hr-CCI also made a sharp positive divergence from the lowest possible point of the oversold region to the heights of the normal zone.

Resistance level $0.115

Support Level  $0.105

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