TABOO Bulls in Charge: Potential Upside Momentum Ahead
- The trading volume and market cap of TABOO have increased, indicating that investors have confidence in it.
- TABOO/ USD is facing strong resistance at $0.005911, which is the next major hurdle for bulls.
TABOO price analysis shows a positive trend in today’s market with an increase of 9.55% in the last 24 hrs. The price has seen a steady rise from $0.00465 to $0.005589. This is indicating a strong bullish confidence in the cryptocurrency market for SHIB token holders. The selling pressure was relatively low in comparison to the buying pressure. The price surged past $0.00465 support level which was a text when the price broke out of the triangle pattern.
The current resistance level for TABOO stands at $0.005911, which is expected to be broken if the bulls continue their strong performance on the market. Further breakouts beyond this point indicate that there is a high probability of further bullish upside for the token price. On the downside, the support level is at $0.00465.
The trading volume has increased significantly over the past few days and is currently at $1.19 million,. This indicates that investors have a strong belief in the TABOO token and its future growth prospects. The market capitalization for TABOO stands at $54 million, which is an increase of 9.48 percent from the previous day’s closing price.
The technical indicators for the token are currently showing a bullish trend. This proves that the bulls will continue to dominate the market. The upward movement of the Average Directional Index (ADX) is present at 45.38, indicating that the bullish trend is likely to continue in the near future.
The daily moving average indicator is present at $0.004518, showing that the bullish momentum is likely to maintain. The RSI is currently at 68.01, which is the in the neutral zone, and if bullish persists the RSI may move into the overbought zone.
Recent updates on TABOO
TABOO, an adult entertainment platform, has secured a $10M investment led by a former JP Morgan executive. The new funds will be used to fuel the growth of the platform’s marketplace, marketing, and membership base. With a focus on token growth, TABOO aims to revolutionize the adult entertainment industry. The platform’s cutting-edge features and technology are poised to shake up the market and provide a unique user experience. TABOO is well-positioned to disrupt the industry and drive innovation in this space.
Overall, TABOO TOKEN is showing a strong bullish trend in the market and experts believe it is likely to continue in the near future. The token has seen a surge in its market capitalization and trading volume, indicating that investors have faith in the asset. In addition, recent updates on the platform’s development and new investments are likely to fuel further growth for TABOO.
Read more: https://thenewscrypto.com/taboo-bulls-in-charge-potential-upside-momentum-ahead/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
