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Cryptoknowmics 2022-06-16 18:30:17

Augur Technical Analysis: Rallies 30%, Bulls Set Sight on $13

Augur token is up 30 percent versus the USDT and could rip even higher in subsequent sessions. This preview is valid if REP crypto prices are above $6. Past Performance of Augur The Augur crypto is one of the tokens leading the recovery. From the daily chart, the REP token is up approximately 30 percent against the USDT, BTC, and ETH. As it is, buyers are in control. Prices appear to be bottoming up, buoyed by high participation levels. In a bullish breakout and correction from below immediate support levels, traders seem to be doubling, adding to their long positions. Augur Technical Analysis The Augur coin is bullish at spot rates, as mentioned earlier. Even though there is a long upper wick suggesting possible rejection of higher prices, traders may load up on every low above $7, June 16 lows, and $6, marking this week’s low. The $6 support line is also a critical reaction line, marking the double bottom. If bulls defy selling pressure, REP token prices could expand to retest $11—June 16 highs and later May 22 highs of around $13.20. Conversely, the sell-off forcing Augur coin prices below $6 nullifies the bullish preview, plunging the token to new 2022 lows. What to Expect from REP? From the REP technical analysis, buyers stand a chance, despite the current rejection of higher prices. The bullish preview is only valid provided prices are firm above $6.The post Augur Technical Analysis: Rallies 30%, Bulls Set Sight on $13 a...

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