CyberConnect Price Prediction: CYBER Soars to $8.35

CyberConnect Price Prediction: CYBER Soars to $8.35 – Time to Invest?

Updated: 30 August 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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CyberConnect (CYBER) has been on an uptrend in the last 24 hours as market activity surged significantly over this timeframe. Notably, this ongoing trend followed a period of decline, which lasted for a week.

During this period, CYBER’s price dropped to as low as $3.58, reflecting the bears’ hold of the market. It later initiated a notable bullish move the following day, bringing it to a peak of $8.05. But how far can CYBER sustain this surge? Let’s find out.

CyberConnect Maintains Bullish Trend – Too Late to Get Onboard?

Today, CyberConnect maintains its remarkable price growth, surging nearly 117% over the past 24 hours. As of 06:50 AM EST, its price stands at $7.79, slightly below its peak price of $8.44.

Interestingly, its trading volume over the last 24 hours has also been positive, displaying growth of over 1,191%. Given this significant uptick, its trading volume is over $567.9 million.

However, this bullish trend could be slowing down given that CYBER nears the overbought region, thus closing the opportunity to open a buy position. Nevertheless, specific technical indicators can provide insight as to whether a bearish trend is imminent from this point.

CYBER Price Prediction Based on Technical Indicators. Chance to Invest?

While the daily price chart says little about the possible trajectory of the CYBER token, the hourly timeframe projects an uptrend that could last for the remaining days of the week.

The possibility of this trend hinges on the Moving Average Exponential (EMA) supporting the token’s price. Over the past several hours, CYBER has remained above this indicator, with a possibility to rebound from it again.

However, although the chances of a rebound are high, the MACD line attempting a cross below the signal line and the RSI reading of 64.98 near the overbought area threaten this upward movement.

CYBER Support and Resistance Analysis

Notably, the next support level from its price now stands at $6.65. Thus, a sell move has tangible hindrances once it hits that position.

If the bulls fail to oppose any selling pressure at that point, CYBER could significantly fall to levels around the support at $4.715, about a 35% decline from its value.

Given the coin’s volatile nature, traders must always take note of cautionary signals that could alter forecasted price directions for the token.

CyberConnect to Become Tradable on Bithumb Exchange

Bithumb KRW marketplace, a South Korean exchange, revealed a significant move to list the CyberConnect token on its platform. In the meantime, the exchange only permits token deposits through the Ethereum network.

This deposit channel was created on August 28 at 02:00 UTC, allowing investors to store their CYBER tokens pending when they become tradable on the platform.

Like other altcoins, CYBER price responds positively to such developments as it exposes the token to a broader audience. This potential price surge is mainly due to the increased utility and adoption of the token.

CyberConnect Alternative – Wall Street Memes

Given the uncertainty surrounding the CyberConnect market, the need to explore alternative investment options arises. Among the available options is Wall Street Memes (WSM), the top choice of global investors.

Wall Street Memes emerges as a fresh meme coin, originating from the creators of the renowned Wall St Bull NFT venture, which recorded a complete sell-out under half an hour from its initial launch.

Capitalizing on the growing trend of using memes as a primary means of communication and expression, Wall Street Memes aims to level the playing field for crypto investments. It provides an abundance of memes for users to explore, fostering interactive and engaging content.

WSM Presale Countdown Narrows

The ongoing presale phase of Wall Street Memes is inching toward its conclusion, with only a few days remaining. The project’s immense appeal and active investor participation have led to a presale yield exceeding $25 million.

During this current presale stage, the value of WSM stands at $0.0337 per token, presenting an enticing entry opportunity for investors aiming to accumulate the token before a potential surge.

Interested investors can acquire these tokens through Ethereum (ETH), Tether (USDT), or their debit/credit cards via WSM’s official online platform.

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