Cyberconnect (CYBER) Technical Analysis for Today, August 24

Here is a technical analysis of Cyberconnect (CYBER) for today, August 24, 2023:

Price: $4.00

Market capitalization: $44 million

24-hour trading volume: $57.5 million

The bulls are in control: The price of CYBER has been in a steady uptrend since the beginning of the month, and it is currently trading above its 200-day moving average. The RSI is also nearing the overbought territory, registering 39 at the time of reporting. This means that the bulls still have the upper hand, but just.

The bears are lurking: However, the price is also approaching the 50-day moving average, which could act as a resistance level. If the price fails to break above this level, it could pull back and consolidate.

Overall, the technical analysis for CYBER is bullish, but there are some risks to be aware of. Investors should wait for the price to consolidate before making any major moves. Cyber is trading in a tight range at the moment. However, for day traders, a good entry point is at $3.900 and exit is at $3.976.

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Author: Jofor Humani

Jofor is a crypto journalist with passion for investigative reviews.