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Long (LONG) price broke out to record an intra-day high of $1,007 before a brief retracement on the 2-hour timeframe. The move has seen the cryptocurrency drop below crucial support, the ascending trendline, as indicated in the chart below.
While the upside potential remains for the LONG token, perpetual traders are raking in massive gains as the price action hits their bullish targets.
https://twitter.com/TOKEN204999/status/1716716926628483270
Momentum remains strong for the LONG token, indicated by the position of the Relative Strength Index (RSI) at 65. Its inclination to the north shows more bulls are still coming in. Increased buying pressure above current levels could see Long price restore back above the ascending trendline. A sustained move above this level could deliver more gains for investors.
For a confirmed uptrend, the Long price must break and close above the $910 resistance level or higher, extending past the range high of $952, potentially shattering the $1,000 psychological level. In a highly bullish case, the move north could see a Long price tag in the $1,200 range high.
On the other hand, increased seller momentum could send the Long Price south to lose the support offered at the $656 horizontal base. Increased selling pressure could see the altcoin extend a leg south below the $410 support floor, with a decisive 2-hour candlestick close below this level invalidating the bullish thesis.
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Offering participants a new way to bet on mobile via the Telegram application, TG.Casino is the surefire platform for gambling enthusiasts. Popular YouTuber Crypto Zeus touts it as the next big crypto to explode, hailing it as a cutting-edge platform that uses security, speed, and Telegram’s extensive user base.
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Also Read:
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- Top Telegram Crypto Casino, TG.Casino, Reveals $TGC Integration and Weekly 25% Cashback; Presale Nears $800,000 Mark
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