The post BAL Price holds $3; Will it Reach $5? appeared on BitcoinEthereumNews.com.

Balancer price prediction suggests a sharp rise in the BAL crypto is possible in the coming months. BAL crypto price took support near $3.00 and took a U-turn from the lows. It climbed above the 50-day EMA and began to recover by forming high candles.  Meanwhile, the buying volume also surged and the price showed a steep recovery. All these are happening at the same time showing that the recent upmove is real and sustainable.  Recently, sellers tried to pull the price below the 50-day EMA. However, due to the strong presence of bulls, the price bounced back and displayed a bullish hammer candle.  Later, the price continued the momentum and hit a swing high at $4.200. However, the price witnessed a minor profit booking and retraced back to the 50-day EMA.  The chart structure of the BAL crypto is mildly bullish and buyers look more active as compared to sellers. Therefore, it is better to play along and stay with the trend.  At the time of writing, Balancer price is trading at $3.693 with an intraday decline of -0.32%. The 24-hour volume to market cap is 4.36%. Balancer Price Analysis: Are Bulls Returning? Source: BAL/USDT daily chart by Tradingview Balancer price prediction says BAL crypto is preparing to hit a new swing high in the coming months. After a long time, the correction has taken a halt and bulls are returning to the track.  Till the BAL price sustains above $3.00 and any minor correction will be easily absorbed by the buyers. Moreover, if the price holds the 50-day EMA, then bulls will continue their dominance and increase the possibility of a breakout.  The next phase of the rally will be visible when buyers succeed in breaking out of the $4.200 hurdle. The analysis suggests that the BAL price…

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Filed under: News - @ November 22, 2023 12:20 am