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- 1 Balancer crypto price decreased by 0.25% over the past seven days.
- 2 BalancerUSD is under bearish pressure.
The Balancer Crypto price prediction suggests the token produced an interesting declining pattern. Crypto struggles to move above 20 and 50-Day daily moving averages.
The BalancerUSD price prediction shows that the token is trying to break the upper trendline on the daily time frame chart. Balancer crypto needs to increase the positive momentum to break out from the 50 EMA. However, sellers may approach 50-SMA which is acting as a resistance to the crypto price. However, the 24-hour trading volume is 7.919 Million.
BalancerUSD price prediction suggests that investor sentiments concerning the Balancer token are bearish. Investors may prefer to keep a keen watch over the crypto. Presently, the BalancerUSD price is below all the key EMA and MA levels.
The present value of Balancer is $4.00 It has a market capitalization of around $214.458 Million with a fully diluted market cap of $381.718 Million. The crypto has a circulating supply of 54.02 Million.
BalancerUSD has performed poorly so far this year. Year-over-year negative returns are 23.26% while negative returns over the past 6 months are 16.98%. The return was 9.38% last month and negative 0.25% last week.
The technical oscillators indicate neutrality. The moving averages are also on the strong sell side. This shows bearish dominance in the market.
Technical Analysis of Balancer Crypto Price in 1-D Time Frame
At the time of publishing, Balancer crypto (USD: BAL) was trading below the 50-day exponential moving averages, which shows bearish momentum.
However, if selling volume adds up, then the price might conquer supporting SMAs by making lower highs and lows. Hence, the Balancer price is expected to move downwards giving bearish views over the daily time frame chart.
The current value of RSI is 50.78 points. The 14 SMA is above the median line at 55.58 points which indicates that the Balancer crypto is bearish.
The MACD line at 0.04 and the signal line at 0.08 are above the zero line. A bearish crossover is observed in the MACD which signals more bearishness for the Balancer crypto price.
Summary
Balancer (USD: Balancer) technical oscillators also support the bearish trend. The MACD, RSI, and EMAs are emphasizing negative signs and imply that the downtrend may continue in the Balancer crypto price. Balancer price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment.
Technical Levels
Support Levels: $3.50.
Resistance Levels: 4.13.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
