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TitanSwap price Analysis: Bullish Call in TITAN, would you buy it under uncertain circumstances?

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  • The TitanSwap token has been performing well above a bullish trendline for the past several days.
  • TITAN’s market cap grew by 40% in the last 24 hours to reach over $256 million.
  • The Super Trend indicator favors the bulls as Titan price continues to rise higher above the green signal line on the daily price chart.

The TitanSwap token has been growing rapidly for the past several days. Although Titan’s price action moved into a consolidation phase in May, again the bulls are looking aggressive to buy since early June.

In terms of the daily price chart, the altcoin price is managing its move above the bullish trend line (white). Meanwhile the TITAN token rose by 34.6% last night to hit a 12-day high of $5.7999.

Thus, at the time of writing the TitanSwap token token price is trading at the $4.82 mark and with a bullish momentum in the intraday trading session.

Source: TITAN/USDT by Tradingview 

Amid a bullish rally, the Super Trend indicator started moving below the current price of the TITAN token earlier yesterday. Now Super Trend Indicator is moving with a buy signal (Green Zone) with reference to the daily price chart.

Meanwhile, TITAN’s market cap increased by 40% over the past 24 hours to reach above $256 million. Also the price of the TITAN/BTC pair is 54% higher at 0.0002389 Satoshis.

Despite the sharp rally, trading volume appears to be very low at $39 million with a 5310% increase over the past 24 hours.

According to yesterday’s increase of 5300% in volume, are bulls really interested in Titan token?

Source: TITAN/USDT by Tradingview 

On the daily price chart, Titan Token price is trading above key EMAs like 20, 50, 100 and 200. Similarly, the Stoch RSI also suggests a bullish opportunity for the bulls until it reaches the oversold zone.

Conclusion

The TitanSwap token aims to hit an April high by the end of June. And leading technical indicators favor the bulls amid a bullish trend.

Support level – $2.4 and 1.0

Resistance level – $5.8 and $8.0

Disclaimer 

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

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