CyberConnect (which has fallen 65 percent from its peak price and entered a critical support area) CYBER) created concern among investors.
CYBER, which created a bombshell effect after being launched on Binance Launchpool, rose from $ 3.54 to $ 16.52. However, the decrease in enthusiasm about the project and the downward movement of BTC shook the CYBER price. How is the technical analysis progressing in CYBER, which has fallen 65.34 percent from its ATH value and is approaching a critical area?
CyberConnect (CYBER) technical analysis
The popular coin, which saw incredible selling pressure after the loss of $ 11.39, eased to $ 5.83. We can say that CYBER, which managed to rise to the range of $ 5.33 – $ 5.54 in the first days of its launch, has returned to the same region. If this price range cannot hold, sell-side transactions may take over completely and push the price down to $4.47 and $3.54.
A massive reaction from $5.54 will turn the course upward in case CYBER creates a craze again or sharp rises in BTC. The resistance points that can be followed in CYBER are 6.83 – 7.37 – 9.32 – 10.21 -11.39 and 12.91 dollars, respectively. With $9.32 being surpassed, the bullish momentum may become even stronger.
