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- 1 SSV price prediction suggests bulls are getting active and more upside is pending.
- 2 The ssv.network crypto witnessed a massive spike in the buying volume.
- 3 SSV crypto price rose by 80% in November 2023.
SSV price prediction for 2024 is highly bullish and suggests it may outperform in the coming months.
The ssv.network price took support near $15.00 and showed a decent bounce. It rose upward by forming higher high candles and succeeded in breaking out of the $20.00 hurdle.
The recent breakout is supported by a high buying volume so it boosted the confidence of investors and added fuel to the rally.
SSV crypto price sustained above the 50-day EMA and also managed to climb above the 200-day EMA. It showcases the short-term trend as well as the positional trend in an upward direction.
The chart pattern of SSV is bullish and buyers look highly active at the lower levels. If the price witnessed a minor profit booking, then it will be a good opportunity to accumulate for the long term.
However, the price is racing toward the supply zone so the positive momentum might take a halt and consolidation is possible.
Currently, SSV crypto price is trading at $26.30 with a one-day increase of 4.57%. In the last 24 hours, the trading volume is up by 99% and the volume of the market cap is 33.09%.
SSV Price Analysis: Rally has Just Begun; Will it Fly to $50?
SSV price rose 80% approx. in November and engulfed the losses of the last six months. It displays a bullish pattern in the multiple time frames chart indicating that the rally has just begun.
The next phase of the rally will trigger when buyers are able to break out of the $29.00 swing high hurdle. The bulls look more aggressive as compared to bears so the probability of the breakout remains high.
On the other hand, if the situation reverses and the price face rejection from $29 then it may retrace down to the EMA. The analysis suggests that SSV crypto is in bulls grip and more upward momentum is possible.
The ssv.network Price Turned Bullish on a Weekly Chart
The ssv.network price is up by 10% in the current week and forming a bullish reversal pattern on a weekly chart. Moreover, the overall crypto market is bullish which is positively impacting the prices of SSV and other altcoins.
The RSI at 72 denotes overbought territory so a minor profit booking might trigger anytime. Whereas, the MACD curve slopes upward and the histogram bar is green indicating bullish momentum might continue.
The supertrend says, that till the price holds the $18.55 level the short-term trend will remain upward.
Conclusion
SSV price prediction for 2024 is bullish and suggests new highs may be visible. The chart pattern of SSV crypto favors the bulls and tells us that the rally has just begun and more scope for upside is open.
The analysis suggests if the SSV price breaks out of the $29.00 hurdle, then it will increase the possibility of reaching $50.00.
Technical Levels
- Resistance levels: $29.31 and $36.00
- Support levels: $20.00 and $15.80
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
