TUP Technical Analysis: Price Rise And Mark $0.0514
Table of contents
Key Technical Points
TenUp Past Performance
In the last 24hrs, TenUp has traded as low as $0.02781 and as high as $0.05737. The price has been on a downtrend but is now showing some signs of reversal as it hits the $0.0514 mark. This could be a good time to buy in and take advantage of the potential upside.
Source: Trading view
TUP Technical Analysis
TUP technical analysis shows an upsurge acceleration in the TUP market price influenced by an increment in buying pressure. The MACD and signal lines are diverging away from the histogram to cross above it, an indication of bulls’ power in the market. The RSI indicator is at 37 and rising, an indication of the presence of buyers in the market. The moving averages are sloping horizontally indicating consolidation in the market. Buyers can enter the market at $0.0514 with a stop loss of $0.0465 and make a profit at $0.062.
Bollinger bands are constricting indicating reduced market volatility. A breakout is highly anticipated and would see the market price rally to touch the upper band at $0.062. In the last 24hrs TenUp has registered a trading volume of $54,439.16 and a market capitalization of $11,727,613.01 and ranked #1620 according to CoinMarketCap.
Upcoming Trend
The market price is likely to continue the current uptrend as bulls step in to take advantage of the low prices. However, investors are advised to take caution as the market is highly volatile.