• Tue. Dec 3rd, 2024

Price Analysis of Base Protocol (BASE) and Ring (RING)

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Mar 16, 2022

Base Protocol (BASE) Pushed up by 199.77%

On March 8, the value of Base Protocol (BASE) experienced a low figure of $0.23 per BASE. It was the bears who tried hard to keep BASE at a low figure. However, the bulls were also not ready to give up, as they started pushing harder.

They continued accumulating Base Protocol on a high scale, which resulted in pushing the value of Base Protocol to high levels. As of now, the value of Base Protocol is at $5.26 per BASE.

If the bulls continue going for higher gains for Base Protocol, the price of Base Protocol may continue growing higher. As the bulls keep going for higher gains, the RSI for Base Protocol may get pushed into the positive zone.

As for the moving averages, they may also move higher and become favorable for the bulls. Once things become more favorable, the bulls may start pushing with high accumulation power and push Base Protocol up to $7.88 per BASE.

The bulls may push harder against the bears and may attempt to knock them out of the competition. This would result in pushing the value of Base Protocol into the growing channel

With more accumulation, the bulls may continue pushing the price of Base Protocol to the second resistance mark ($9.85).

Going forward, the bulls may try harder to bring the investors to their side. This would allow the bulls to form a stronger rally, pushing Base Protocol’s value up to the third resistance mark ($11.08).

Ring (RING) Pushed up by 139.10%

Ring investors also seem to have developed strong positive sentiments in its favor in the past 24-hours. Over a day back, the value of Ring was hovering around a low figure of $5.0 per RING.

While the bulls tried hard to push Ring over the $5 mark, the bears were not letting them do it. They strongly defended the $5.30 per RING mark, which resulted in pushing RING’s value deeper.

However, the bulls had high goals as they continued buying the dip, which did not let the bears push Ring’s value below $5 per RING. In the past 24-hours, the bulls managed to launch a 139.10% rally, which resulted in pushing the price of Ring to $9.77 per RING.

Even now, Ring is moving in the positive direction and the RSI is also experiencing an elevation. With the technical factors moving into the positive zone, the value of Ring may rise up to $13.16 per RING.

If the bulls keep building strong momentum with their high acquisition power, the value of Ring may surge to $15.45 per RING.

With stronger sentiments and determination, the value of Ring may end up growing even higher. The major resistance mark for Ring at the moment is $16.8 and the bulls may achieve it with stronger rallies.

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