Price Analysis of Bored Floki Yacht Club (BFYC) and Chainbing (CBG)

Cryptocurrency News Price Analysis

In a 24-hour period, Bored Floki Yacht Club (BFYC) has logged excessive demand that has resulted in a very high rally. The information reveals that a 475.42% rally has been formed around Bored Floki Yacht Club by the passionate stakeholders (bulls). As a result, the value of Bored Floki Yacht Club has reportedly surged to $0.00006995 per BFYC.

This is a clear example of the power that the bulls can display if they decide to push the price of the digital asset, higher. In the case of Bored Floki Yacht Club, the investors have demonstrated great resolve, and they have been increasing their investment in the currency.

If the investors manage to keep the rally up for a longer period of time, then they may achieve the first strong resistance mark for BFYC in no time.

As of now, the first strong resistance mark for Bored Floki Yacht Club is $0.0002362 per BFYC. If the investors keep pushing harder and manage to keep the rally alive for a longer period of time, then they may achieve $0.0005170.

In the upcoming days, if the investors are able to press on with their buying power, they may defeat the bears, and continue the rally. This would help the Bored Floki Yacht Club bulls in achieving the third strong resistance mark. At the time of writing, the third strong resistance mark for Bored Floki Yacht Club is $0.0008242 per BFYC.

The situation seems to be somewhat similar for the Chainbing (CBG) investors but not exactly at the same growth rate. In the past 24-hours, the Chainbing investors have also formed a successful rally surrounding Chainbing. The data shows that a 229.45% rally has been formed by the investors, pushing Chainbing up to its pivot value of $41.71 per CBG.

In the past few days, the bulls faced strong resistance from the bears in pushing the price of Chainbing to a higher figure. However, it was a stalemate between the two groups, until the bulls started getting more support from the investors.

Although it was slow, the oscillators for Chainbing were growing higher, which meant that Chainbing was growing in demand. As the demand continued growing, so did the interest of investors in witnessing Chainbing’s growth.

As a result, the price of Chainbing managed to grow all the way up to its current pivot mark. If the investors keep adding more support for Chainbing, the price of a digital assets may continue to grow higher. The constant demand of the investors may help Chainbing in hitting its first strong resistance mark of $89.56.

Then the investors may have to face quite a lot of resistance from the bears when hitting the second strong resistance mark of $119.24. However, if the bulls achieve that, then they may be able to look ahead and hit the third strong resistance mark of $131.74 per CBG.

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