Super Bowl to lift FuboTV– Raise the cup for rising prices

• Sports events begin from Jan 16th.
• New alliances to benefit this sports season
• Prices rose by more than 3%.

Super Bowl season is approaching, and many other popular sports events are lined up to excite the fans in 2023. The various sports, including tennis, basketball, and football, start from Jan 16th, 2023. These events are ready to be broadcasted by the streaming tycoon, FuboTV (NYSE: FUBO). 

Recently, FuboTV signed a carriage agreement with Sinclair Broadcast Group. It said the agreement expanded its existing partnership with Sinclair, which included Sinclair-owned local broadcasting stations, Tennis Channel, and Marquee Sports network. This agreement will yield heavy returns from Jan 16th, as a Tennis event is scheduled to take place in Melbourne, Australia. 

In addition to that, the Super Bowl is planned for Feb 2023. The popular American Football event already has a mesmerizing effect on the fans and when FuboTV takes charge to serve it to their viewers with different ranging facilities and on 100+ channels, the inner souls of fans roar aloud. 

At the moment, most-watched NBA games are airing on FuboTV streaming channels which can make the prices rise as the finals approach. 

The prices react 

The FUBO prices have formed a falling parallel channel with recent prices slightly rising as the event dates near. The 20-EMA was claimed while rising and near the breakout level. RSI shows a subtle rise reflecting the transition from seller to buyers. The MACD, after a prolonged selling, records a few zealed up buyers. The planned events hint at improving buying interest among the investors. 

If FUBO price can crack the breakout level and sustain above $2.07, a high run may be set with the rally reaching near $4.00. This rally can be expected near the Super Bowl season when viewers across the globe will live the hype. 

Conclusion

The streaming company, FuboTV, is among the big players in the industry. FuboTV provides its users with 100+ channels airing tens of thousands of content including sports, news, and entertainment. This sports season, the prices may surge as new collaborations are ready to yield heavy returns, widening the company’s reach. The holders can expect the share prices to improve in the coming term. To witness the bull run, holders must watch for the breakout level of $2. A support zone of $1.60 can be trusted to enter the market. 

Technical levels

Support levels: $1.60 and $1.00

Resistance levels: $3.90 and $4.60

Disclaimer

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

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

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