Keep Network Price Analysis: The KEEP Could Reach The $1.5 Mark If It Reclaims The Crucial Barrier Of $1.08

By Sunil Sharma
Published November 15, 2021 Updated November 15, 2021
Best Buy In

Exchanges

Wallet

KEEP token

Keep Network Price Analysis: The KEEP Could Reach The $1.5 Mark If It Reclaims The Crucial Barrier Of $1.08

By Sunil Sharma
Published November 15, 2021 Updated November 15, 2021

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

TradingView Chart

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

TradingView Chart

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.

 

advertisement

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Sunil Sharma
294 Articles
Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com

Loading Next Story