CyberConnect (CYBER), which fell 65 percent from its peak price, came to a critical support area, causing concern among investors.
After launching on Binance Launchpool, CYBER, which created a bombshell, rose from $3.54 to $16.52. But the waning enthusiasm for the project and the downward movement of BTC shook the price of CYBER. How is technical analysis progressing in CYBER, which is approaching a critical area with a decrease of 65.34 percent from its ATH value?
CyberConnect (CYBER) technical analysis
The popular coin, which saw incredible selling pressure after the loss of $11.39, slackened to $5.83. We can say that CYBER, which managed to rise to the range of $5.33 – $5.54 at the very first time it was launched, has returned to the same region. If this price range fails to hold, the sell-side transactions can take over completely and pull the price up to $4.47 and $3.54.
A voluminous reaction at $5.54 will turn the route up if CYBER creates a frenzy 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 surpassed, the bullish momentum could get stronger.
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