- BORA is currently trading at $0.124466 with a rise of -4.33% in 24 hours.
- The live market cap of BORA is $123660602.
- BORA faced a rise of 11.10% in the last seven days.
Trend Analysis
By studying historical price data, BORA is in a downtrend currently. The price is down by -4.34% in the last seven days, and BORA is not performing well. The indicator is also giving negative signals. The peak price of BORA was $1.61 about one year ago, and from there, it fell about -92.39%. As we know, the current market sentiments are not good, and there is no significant volume and buyers available in the current market condition could be a reason for the under or lousy performance of the coin.
BORA Technical Analysis
EMA: BORA Price is trading below the 200-day EMA and 50-day EMA on the daily time frame, which is a negative sign. Investors’ sentiments regarding BORA are negative and are on the selling side.
MACD: The technical indicator moving average convergence divergence is also harmful and gives a bearish signal. The MACD line at -0.00939 and the signal line at -0.00755 are below the zero line, suggesting the MACD is in negative territory, giving bearish signals.
RSI: The current value of RSI is at 27.18 points, and the 14 SMA line is below the median line, around 32.07 points which shows bearish sentiment in the market. The 14 Day SMA line is below the median. It indicates an adverse scenario and bearish sentiment in the current market, as the price is currently at an oversold area.
Stochastic RSI: In the stochastic RSI, the %d line is 18.02, and the %k line is 15.21 points. The %d line indicates that RSI is heading toward the overbought zone. On the other hand, the %k line shows neutral sentiments regarding the price.
Volume Analysis: BORA’s trading volume of 24 hours is $1462614, with an increment in volume of 37.60%, showing a rise in the market activity.
Technical levels
- Support – The current support level of BORA is $0.017.
- Resistance –The current Resistance level of the BORA is $0.171.
Conclusion
BORA price presently shows a pessimistic scenario according to the given parameters. Indicators like EMA, RSI, MACD, and Stochastic RSI give negative signals about the DCR coin. Investors need to show a considerable buying interest in it. It could be happening because of the worst performance of the coin. The buyers are not taking significant buying interest because of negative sentiments in the market and the underperformance of the coins.
Disclaimer
The above analysis is provided for informational purposes only and should not be considered financial, investment, or other trading advice. Investing in or trading crypto assets comes with a risk of financial loss. Please consider your circumstances and risk profile before making any investment decisions.
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