ABBC (ABBC) Price Analysis: ABBC Bulls Looks Confident For $0.10 Mark

• ABBC Coin is showing significant positive movement from the past few days and crossed the crucial level of $0.090
• The ABBC/BTC pair is also showing positive movement with the overall gain of 63% and with the level of 0.00001431 BTC

As the pricing graph of ABBC coin reflects, it is on the significant bullish run from the past few days. The altcoin started at a price level of $0.08. As it gained bullish momentum in the market, it touched a month-high level of $0.09 in today’s market.

The current price is at the level of $0.09 with the market capitalization of $50,433,723 and volume traded of $24,884,827.

The technical graph reflects on the current neutral movement of the altcoin and its potential for a bullish move. The altcoin was having bullish momentum since December 2019 but faced major downfall due to the overall bearish momentum in the market during this month.

From the starting of this month, the coin again gained bearish movement and broke below the crucial level of $0.10. Currently, it is at a bullish level of $0.09.

The technical indicators and oscillators suggest that due to the sharp rising rally the coin may face price corrections in upcoming days. If it breaks below the level of $0.10, it will indicate that bears are into play again.

The 24hour- RSI is in the normal zone and is looking to enter the oversold region with negative divergence. The current level of RSI is at the bullish level of 50.

The 24hour-CCI is also in the normal region. A negative divergence to the oversold region will indicate that the resistance of $0.10 is too strong for the bulls.

MACD levels are being neutrally bearish. It may face downtrend due to the bearish zone.

Resistance level: $0.10 and $0.12
Support level:  $0.09

Pratik Chadhokar

Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.