DarkNote Price Key Highlights
- DarkNote price traded lower and broke a bullish trend line formed on the hourly chart (highlighted in yesterday’s analysis).
- The price tested a major support area of 0.00000080BTC, which was out initial target of the sell trade.
- More losses are possible if sellers remain in control and break 0.00000080BTC.
DarkNote price traded lower and fulfilled our initial target of 0.00000080BTC, and looks poised for more downsides. Can sellers make it? Finally, after struggling for a long time to clear a major resistance area around 0.00000090BTC, the DarkNote price moved lower. There was a bullish trend line formed on the hourly chart, which we highlighted in yesterday’s analysis. The price traded lower and broke the highlighted trend line and support area. We were anticipating a break yesterday due to the bearish signs. The price traded a few points below 0.00000080BTC, but sellers failed to gain momentum below the mentioned level.
The price is now well below the 100 hourly simple moving average, which is a bearish sign. If the price moves higher from the current levels,