IMPTUSDT Price: Sellers Reject Further Increase at $0.0055
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There is a Bearish engulfing candle signal
IMPT (IMPTUSDT) Price Analysis – January 13
In case sellers put in more asset the key support level of $0.0047 may be broken downside and the low of $0.0045 and $0.0043 may be reached. When buyers increase their momentum, resistance level of $0.0049 may be broken upside then, $0.0052 and $0.0055 levels may be tested.
IMPTUSDT Market
Key Levels:
Resistance levels: $0.0049, $0.0052, $0.0055
Support levels: $0.0047, $0.0045, $0.0043
IMPTUSDT Long-term Trend: Bearish
IMPT is under sellers’ control. The price peaked at the resistance level of $0.0067. The price consolidate for many days at the same level. The bears gained momentum and push the price to break down the support levels of $0.0055 and $0.0052. It pulled back and retest the $0.0055. The price break down the support level of $0.0049 and tested the support level of $0.0047 on January 9. The price pulled back but currently trying to break down the just mentioned level.
The daily chart has shown that sellers are dominating the market. IMPTUSDT action has formed a double top chart pattern on the daily chart. At the moment, the price is carrying out retracement. In case sellers put in more asset the key support level of $0.0047 may be broken downside and the low of $0.0045 and $0.0043 may be reached. When buyers increase their momentum, resistance level of $0.0049 may be broken upside then, $0.0052 and $0.0055 levels may be tested. The QQE MOD with its histogram below zero level indicating sell signal.
IMPTUSDT Medium-term Trend: Bearish
IMPT is bearish in the 4-hour chart pattern. The crypto performance has been under the bears’ pressure in the 4 hour chart. After the breakout from the long time consolidation. The price steadily increase. The resistance level of $0.0065 was tested on December 12. The sellers’ pressure rejected the increase and it is currently testing $0.0047 level.
The price is trading below Hull suite crypto indicator as an indication that the sellers are in control. The QQE MOD bend down below zero level indicating sell signal.
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