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- 1 The Friends with Benefit Pro crypto price is experiencing a significant slump of 3.70% and is currently trading at $3.526.
- 2 Its price is trading close to the demand zone, and the 24-hour trading volume is 42.85 K.
The Friends With Benefits Pro is a crypto token that operates on an Ethereum blockchain. It has likewise traded on the exchange named wrapped Ether on Ethereum, and its pair is identified as FWB/WETH.
In general, the price structure mainly highlights the consolidation part on the daily timeframe and shows a recent advancement that led to the price dropping from $2.00 to $12.00.
But it instantly showed the buyer’s rejection, and the next daily candle led to a downtrend. This situation seems like a pump and then a kind of dump in price action.
Where Will FWB Token Price Take Course, Up or Down?
The FWB crypto had a big fall after meeting the resistance level and nosedived near the demand zone on the chart. In the same way, the asset is displaying more bearishness and falling tendency as it plunges below major trend 20-day and the 50-day EMAs, reliant on the sellers’ surge.
Even though the asset displays bearish characteristics, MACD highlights a strong bearish cross, and the RSI is falling smoothly. It implies that the Friends with Benefits pro-crypto asset is losing momentum and can achieve new depths.
Moreover, the FWB asset is expressing bearish behavior and highlights that it has the opportunity to fall further. It has attained lousy performance in the last week and three months by 13.05% and 2.41%, implying a stable downward direction.
At press time, the Friends with Benefit Pro crypto price is experiencing a major slump of 3.70%, and it is currently trading at $3.526 and has slipped past the previous swing low point at $3.75. The crypto’s 24-hour trading volume is 42.85 K.
Above all, if the price fails to hold on above $2.50, then the fall could be more discreet and make new lows.
Another possibility would be that if the price gets high buying volume, the price could start to advance from the current level and could go to retest the supply zone. The in-between primary resistance could be $5.00.
In addition, if that bullish condition meets and rises above the $5.00, which is the previous swing high point. The technical indicators highlighting more dips will also turn their course, and MACD, RSI, and EMAs will start showing bullish signs.
Summary
The FWB asset is expressing bearishness, which shows it has the opportunity to decline further. It has illustrated lousy performance in the last week and three months.
Therefore, if the price fails to hold on above $2.50, the fall could be more discreet and make new lows as well. Alternatively, if the price gets high buying volume, the price could start to advance from the current level and could go to retest the supply zone.
Technical Levels
Support Levels: $2.50
Resistance Levels: $5.00
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
