Search Inside Bitcoins

Cyberconnect Price Prediction: CYBER Tanks 11%- Bullish Run Ahead?

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

Cyberconnect price
Cyberconnect price

Join Our Telegram channel to stay up to date on breaking news coverage

Cyberconnect (CYBER) price recorded an 11% slump to the current price of $4.036. In the last two days, the token is down around 25% from the August 21 intra-day high of $5.470. The chart below indicates that the price action has been consolidating between two key congestion levels. The actionable movement in price points to high volatility in the CYBER market as bulls and bears fight for control.

Cyberconnect Price Fights FUD

Cyberconnect price is currently withstanding the worst of fear, uncertainty, and fraud (FUD). This came after recent airdrop claims were later revealed to be fraudulent.

It happened that a lousy actor paraded a fake website, enticing prospective victims that they would receive CYBER tokens. However, the network got wind of this attempted scam and put it off to its 455,100 users on social media platform X.

Like the rest of the crypto market, Cyberconnect price is also suffering due to the recent market crash. As witnessed on August 18, BTC prices crashed almost 15%, with massive liquidations nearing the $1 billion mark for both long and short positions.

Cyberconnect Price Forecast As CYBER Readies For Cycle Move North

Cyberconnect price action has been oscillating between two congestion levels as it continues with a horizontal move. The current outlook shows that the $3.827 support level has come into play for yet another sequence this month, and now CYBER may be nurturing an uptrend.

The volume indicator shows significant buying power for Cyberconnect’s price, which could be sufficient to sustain an uptrend. If history is enough to go by, the following CYBER sequence could constitute a 20% climb to tap the supply zone (orange).

A supply zone is an order block where sellers abound and tend to initiate aggressive selling. As such, if Cyberconnect’s price reaches this zone, it is likely to correct the south. However, CYBER could break through if the order block fails to hold as a resistance level.

The Cyberconnect price could extend north to the $5.461 resistance level in a highly bullish case. Such a move would denote a 35% climb from current levels.

Cyberconnect price
TradingView: CYBER/USDT 4-hour chart

Conversely, increased selling pressure could interrupt the current oscillatory pattern, sending Cyberconnect’s price below the $3.827 support level. A decisive 4-hour candlestick close below this level would invalidate the optimistic outlook.

The Relative Strength Index (RSI) position below the 50 mark points to a weak price strength as momentum is easing steadily. Similarly, the bars of the Awesome Oscillatory histograms are in the negative zone. This shows that bears still have a strong presence in the CYBER market.

It is worth mentioning that the current bearish outlook for Cyberconnect heavily relies on Bitcoin price. If BTC shows weakness, the chances of the move harming altcoin would increase. In that case, why not consider LPX, whose outlook and performance hinges on other fundamentals outside BTC correlation?

Promising Alternative to CYBER

LPX is the ticker for the Launchpad XYZ ecosystem, changing the narrative for investors by insulating them from market risks. How? It provides insights and metrics across diverse Web3 sectors through an intuitive, personalized interface.

Launchpad XYZ aims to democratize Web3 accessibility. The project’s mission is to bring the best of space to a single platform. At the same time, the project is committed to linking Web2 and Web3 through brands and agencies. To do this, Launchpad XYZ ecosystem develops the home of Web3 for the next wave of new users.

Launchpad Develops AI Trading Tool

Launchpad XYZ is developing an AI trading tool, helping newbies identify suitable trading and investment opportunities in the crypto scene. It uses a unique mix of artificial intelligence and blockchain data analysis. The project also aims to demystify intricate concepts like decentralized finance (DeFi) and the metaverse. This helps it protect investors from possible pitfalls in the volatile cryptocurrency market.

LaunchpadXYZ Presale

The Launchpad XYZ project is in the early entrant stage, with LPX tokens costing $0.0445 per token. The project has already raised upwards of $1.381 million in presale sales. Experts remain very optimistic about the token, and here is where you can buy LPX.

Also Read:

New Crypto Mining Platform - Bitcoin Minetrix


Bitcoin Minetrix
  • Audited By Coinsult
  • Decentralized, Secure Cloud Mining
  • Earn Free Bitcoin Daily
  • Native Token On Presale Now - BTCMTX
  • Staking Rewards - Over 100% APY
Bitcoin Minetrix

Join Our Telegram channel to stay up to date on breaking news coverage

Read next