Price Analysis of Trabzonspor Fan Token (TRA) and Binamon (BMON)

Cryptocurrency News Price Analysis

Trabzonspor Fan Token

Trabzonspor Fan Token’s price was at a low of $5.2 per TRA before the bulls launched their counter against the bears. The strong buying power of the bulls managed to push the price of Trabzonspor Fan Token to a current high mark.

The report has shown that in the past 24-hours, the bulls have formed a 27.95% rally, bringing the unit price of Trabzonspor Fan Token to a high of $8.58 per TRA.

The bulls have also formed a strong barrier against the selling power of the bears in the past 24-hours. They have increased their buying power in the past 24-hours, which is also reflected in the 263.21% surge the bulls have formed.

The surge has pushed the trading volume for Trabzonspor Fan Token to $39,676,931. If the rally keeps growing in size with the constant buying spree of the bulls, the price of Trabzonspor Fan Token may grow up to the resistance zone.

The bulls may continue adding more Trabzonspor Fan Token to their wallets, which would become very tempting for the neutral investors as well. Going forward, the bulls may increase their acquisition power for Trabzonspor Fan Token, pushing its price to $10.61 per TRA.

If the momentum keeps on building in favor of Trabzonspor Fan Token, the trading value of the TRA/USDT pair may grow up to $11.83 per TRA.

Binamon

Binamon reportedly exhibited a low price of $0.04332 back on March 30, and the bears wanted to keep it down there. The bears kept exerting heavy selling pressure over the bulls to keep the price of Binamon below the $0.04500 per BMON mark.

However, the bulls launched their attack and came in hard against the selling power of the bears. Their strong sentiments helped push the price of Binamon back into the positive zone. The rally they formed in the past 24-hours is 30.14% and the unit price of Binamon is now worth $0.05864 per BMON.

If the bulls keep going for higher gains for Binamon, then the RSI and the moving averages for Binamon may continue growing higher. This would result in pushing the price of Binamon to a high of $0.06537 per BMON.

On the contrary, if the bears succeed in pushing the bulls back from the first resistance mark ($0.06537), they may intensify their selling pressure. This would cause the bulls to give way and let Binamon drop to $0.05864 per BMON.

If that happens, the bears may attempt to bring the RSI and the moving averages to the house and bring Binamon below the $0.04500 per BMON benchmark. If that happens, then it won’t be difficult for the bears to pull Binamon below the $0.04332 price.

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