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The CRPT chart has been moving around the important psychological mark of $0.30 for the last 10 days. From a historical point of view, $0.30 is the strongest resistance level, so it is not surprising that this level has an intensified struggle between buyers and sellers.
Let’s take a look at the CRPT chart:
The bulls have already overcome $0.30 level several times and have even fixed higher on the daily timeframe. The price reached $ 0.325 and has now rolled back down again, showing a classic retest after the break of an important level.
On the 4-hour timeframe, we can note the formation of the “bowl with a handle” pattern, which indicates the continuation of the upward trend. If this figure is completed, the CRPT may rise to $0.38 – $0.40. This pattern is a part of another, larger pattern, a double bottom. The current retest of the $0.30 level indicates that this pattern has begun to work out itself. In the case of the minimum working out of this figure, the chart may reach the range of $0.48 – $0.50.
Any positive news like a coin’s listing or project’s update can instantaneously stimulate a strong growth of CRPT. Keep your eyes on Crypterium news and join the Live Session with Crypterium CEO on November 4th, at 4.30 PM GMT.