In this analysis, I will make a prediction about the next movements of the $CPOOL token trading pair
CPOOLUSDT
on the Bybit exchange.
After observing the price and volume charts over the past few weeks, my view is that $CPOOL may be gearing up for another push higher soon. It has seen a strong decline over the past months, testing several support levels, but in more recent sessions we see signs of stabilization and even small gains.
Volumes also do not appear low, showing continued interest from investors at the current price range. If it can close some daily candles above the $0.60 region, this could trigger a wave of buying to take the price back to resistance around $0.80 within the next days or weeks.
Of course, the volatility of the crypto markets means no prediction is guaranteed. However, based on the technical indicators we see on the chart at present, my expectation is that $CPOOL has room for another rally, unless any negative news emerges that could influence market sentiment. I will continue monitoring the next moves to validate or adjust this initial analysis.
CPOOLUSDT
on the Bybit exchange. After observing the price and volume charts over the past few weeks, my view is that $CPOOL may be gearing up for another push higher soon. It has seen a strong decline over the past months, testing several support levels, but in more recent sessions we see signs of stabilization and even small gains.
Volumes also do not appear low, showing continued interest from investors at the current price range. If it can close some daily candles above the $0.60 region, this could trigger a wave of buying to take the price back to resistance around $0.80 within the next days or weeks.
Of course, the volatility of the crypto markets means no prediction is guaranteed. However, based on the technical indicators we see on the chart at present, my expectation is that $CPOOL has room for another rally, unless any negative news emerges that could influence market sentiment. I will continue monitoring the next moves to validate or adjust this initial analysis.