- SSV Network token price has reached new all time high and also entered into the top 100 crypto currency list
- SSV Network celebrated the ETHDenver Hackathon and got huge participation
- SSV crypto price has gained 27% on the weekly basis and 24 hours volume up by 44.39%
SSV Network token price is trading with the bullish cues and bulls are trying to break out of the $44.00 hurdle level. However, prices seem to be facing strong resistance and might consolidate for some time before continuing the further momentum. Currently, The pair of SSV/USDT is trading at $42.82 with 24 hours gains of 13.35% and the 24-hour volume to market cap ratio at 0.1492
Will SSV Network price be able to reach $50.00 ?
SSV Network token price is picking up positive momentum and rising upward by forming fresh higher high swings which shows that the money is flowing into this network and investors seem like expecting a decent return in the coming months. Recently, SSV Network has come into the spotlight due to its ETHDenver Hackathon which got a huge response from the different crypto lovers and in addition to that in the same time SSV Network entered into the list of top 100 crypto currencies which further boosted the confidence of the investors.
SSV network price structure shows that the token is in the short term uptrend and bulls are trying their best to continue the upward momentum. Few days ago, SSV prices managed to break out of the $35.00 hurdle level which has created a positive hope for the bullish traders and prices shot up 27% in just a short span of time. However, prices seem to be lacking momentum near the swing high resistance at $44.00 which will act as an immediate hurdle for the bulls but if buyers succeeded to break out of the $44.00 level then we might see the prices hit new all time high and reach $50.00 mark.
On the other hand, If SSV token prices faced rejection from the supply zone then bears might try to pull the prices down toward $35.00 level. However, $35.00 will act as a strong support zone for the bulls and prices are expected to bounce back from the support levels. The technical indicators of SSV tokens like MACD have generated a positive crossover indicating bullishness to continue for some more time and the RSI at 64 denotes more room for upside is open for the bullish traders.
Summary
SSV Network token price is in the short term uptrend and slowly and steady continuing the upward momentum. However, technical analysis shows that prices are near to the supply zone and might see some sort of consolidation before deciding the further direction.
Technical levels
Resistance levels : $44.00 and $50.00
Support levels : $35.00 and $30.00
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.
Source: https://www.thecoinrepublic.com/2023/02/26/ssv-network-price-up-by-27-ethdenver-hackathon-boost-confidence/