A Sign of Reversal or Consolidation?

Bull price comes under selling pressure in the Morning session on Wednesday after bulls failed to reclaim higher levels on Tuesday. The buyers had an opportunity to reclaim the bullish territory above the 20-day EMA on Tuesday. However, they failed to close higher after gaining in the morning session. 

The sellers established themselves near the 20-Day EMA on the daily chart due to which the Bulliverse crypto suffered rejection and a neutral candle was observed on the daily chart yesterday. 

Moreover, the bears now control the short-term trend as the price has continued its fall and has dropped nearly by 2% at the time of writing. The Bulliverse crypto has some more room on the downside and may test the weekly low if it continues to drift lower. 

At the time of writing, the Bullieverse price was at $0.0034 with an intraday drop of 2.01%. It ranks 3017th in terms of market capitalization with a live market cap of $2.507 Million. It has a 24-hour trading volume of $161.33 K with a 26.63% drop as compared to yesterday.

Bullieverse Price Technical Analysis

Moreover, as observed on the daily chart the BULL crypto seems to be forming a declining parallel channel pattern. The price currently hovers near the upper boundary of the channel pattern. 

Looking closely over the BULL price chart, the short term trend and long term trend are contradicting. The short-term trend favors the bearish side while the long term trend supports a positive outlook.

BULL crypto has reached a make or break level from where both the short term trend and long term trend may align together and turn bearish or bullish. However, until the price remains in the channel, it will continue to drift lower. 

The 200-Day EMA might be the last defending zone for the buyers to keep the trend in their favor. Now, If the BULL crypto price sustains above the 200-Day EMA and breaks out of the channel it may indicate a breakout of the correction phase and the crypto may reclaim higher levels. 

Bullieverse Price Prediction February 2024

The most optimistic view of analysts assumes that the price may attain a high of $0.00388 by the end of February 2024. However, the pessimistic view of analysts predicts that the price may slide near the recent support levels of $0.0030. 

Bullieverse Price Prediction 2024

The price forecast for the year 2024 is that the BULL token price could reach a high of $0.0065, suggesting a potential gain of nearly 87.46%. On the other hand, the bearish outlook of the analysts predicts is that the price could reach $0.0053 by the end of the year.

Bullieverse Price Prediction 2025

By the year 2025, the Bullieverse price may attain $0.00867 on the upper end. On the flip side, the minimum price up to which the crypto price may rise by the year 2025 is $0.0067.

Disclaimer

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

Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She 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. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.