- Rubycoin price continued to trade higher and managed to trade near 0.000230BTC.
- The price is under a bullish pressure, which means there is a chance of it moving further higher.
- There is a bullish trend line formed on the hourly chart, which is likely to act as a support in the near term.
Rubycoin price traded higher, and it looks like buyers might overcome selling pressure for one more leg higher.
Can it be broken?
The Rubycoin price recently spiked higher to trade above the last high and create a new high around 0.000230BTC. Buyers continued to stay in control, as sellers struggled to take the price lower. There is a bullish trend line formed on the hourly chart, which is acting as a catalyst for an upside move. If the price moves lower from the current levels or corrects lower, then it might find support near the highlighted trend line.
The 23.6% Fib retracement level of the last move from the 0.000190BTC low to 0.0002298BTC high is also positioned around the highlighted trend line and support area. So,