IBATUSD Price Recovery Is Set to Target the $0.03000 Supply Mark

Battle Infinity Price Forecast: IBATUSD Price Recovery Set to Target the $0.03000 Supply Mark (November 3)
It is actually time to grow again for the IBATUSD pair as the cryptocurrency maintains stable upside moves today. The IBATUSD price recovery is set to target the $0.03000 supply mark. The crypto has increased to the $0.003159 resistance trend line, the coin might actually face more upsides if the bulls increase their activities in the market. At the time of writing this article, the Coin price has increased to a $0.003116 high level, and a $0.03000 upper high value might be the target.

Key Levels:
Resistance Levels: $0.005100, $0.005200, $0.005300
Support Levels: $0.003200, $0.003100, $0.003000

IBAT (USD) Long-term Trend: Bullish (1H)
The Battle Infinity market is in a bullish momentum in its long-term view. The trend is rising and the price has not yet reached its goal.

The price distribution of the coin at the moment has risen to a $0.003159 high level which is above the EMA-9 trying to reach the EMA-50 shortly after the 1-hourly chart opens today, this indicates that bulls are gradually gaining access into the market at the present and may likely take over sooner. Thus, should the buy investors put more effort and close the 1-hourly chart above the $0.5500 supply trend line, further bearish sentiment will be invalidated.

Similarly, the price indicator which is also pointing up at around level 57% approaching the overbought region suggests that the coin is in an uptrend, this implies that the bullish correction pattern will definitely continue, if this is achieved, the $0.03000 upper resistance mark might be the target in the coming days in its long time frame.

IBAT (USD) Short-term Trend: Bullish (15-Minutes)
IBATUSD can be seen in a smooth uptrend in its lower time frame. The coin is losing bearish momentum as it rises above the $0.003100 resistance level as the 15-minute chart opens today.

Despite the inflow from the short traders, buyers successfully pushed the coin price up to the $0.03116 supply value above the moving averages as the journey up north continues. This suggests an uptrend as well as an indication that the buy traders are actually investing in the coin at the present. Thus, a turnaround for the coin holders and more intraday gains as well for the buy investors.

Meanwhile, the Battle Infinity price may likely rise further as the bulls are seen clustered around the market and the price indicator shows an upward trend, the next bull ride could reach the $0.03000 supply mark in its lower time frame.
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