MEXCKeep Network Price Analysis: The KEEP Could Reach The $1.5 Mark If It Reclaims The Crucial Barrier Of $1.08
The technical outlook for the KEEP token states an overall uptrend, where the price presented an impressive recovery from its minor retracement phase. On November 13th, the token price provided a 50% gain in the intraday session, with a massive boost in trading volume. Will this rally continue?
Key technical points:
- The KEEP token shows a bearish divergence in its daily-RSI chart
- The KEEP chart forming a Cup and Handle Pattern in the 4-hour time frame chart
- The intraday trading volume in the KEEP token is $1 Billion, indicating a 1680.2% hike
Source- KEEP/USD chart by Tradingview
On October 18th, the KEEP token was rejected from the All-Time High resistance of the $1.08 mark, initiating a minor retracement in this token. The token price plunged to $0.63 and wavering at this level to obtain proper support from it.
Furthermore, the token finally managed to bounce back from this support, displaying a massive green candle of 50% gain in its technical chart, supported by a huge boost in the volume activity. Today the token price faced decent selling pressure from this overhead resistance level, trying to push it to the lower levels.
The Relative Strength Index value is at 61 indicates a bullish sentiment within this token. However, the RSI line showed a bearish divergence in its chart, projecting weakness in this bull rally.
KEEP/USD Chart In The 4-hour Time Frame
Source- KEEP/USD chart by Tradingview
The KEEP token’s technical chart presents a Cup and handle pattern in the 4-hour time frame chart. This pattern could provide an excellent long entry opportunity if the price gives a decisive breakout from the $1.08 neckline.
Furthermore, the traditional pivot levels suggest that the trend’s following resistance level is $0.95, followed by $1.05. And, on the opposite end, the support levels are at $0.84 and $0.74.
- Trump Insider Whale Reloads $430M Long on BTC, ETH Ahead of Tomorrow’s Fed Rate Cut Decision
- Breaking: $2.6B Western Union Announces Plans for Solana-Powered Stablecoin by 2026
- Trump Media Launches Polymarket Rival, Eyes $9B Prediction Market with Crypto.com
- Bitget Lists Common Token, Launchpool Offers 36M COMMON in Rewards
- Coinbase Prime Taps Figment to Boost Institutional Staking on Solana, Cardano, and Sui
- Pi Network Patterns Point to More Gains Despite Manipulation Claims
- HBAR Price Poised to Hit $0.30 as Canary Capital ETF Starts Trading.
- Will Solana Price Rally to $300 as Bitwise Launches $BSOL ETF?
- XRP Price Chart Patterns Hint at 2017-Style Breakout as Evernorth Acquires $1B XRP Ahead of Nasdaq Debut
- Cardano Price Eyes 80% Rally as x402 Upgrade Sparks Hope for AI Payment Expansion
- Polymarket Traders Bet Ethereum Price to Hit $5,000 as Bullish Pattern Forms
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
