• Sat. Jun 22nd, 2024

Price Analysis of CryptoTanks (TANK) and DeSpace (DSE)

Feb 10, 2022

The price of CryptoTanks (TANK) is currently observing a unit price of $0.3523 per TANK. The swell in the price of CryptoTanks has been observed following a 224.23% rally. If we look at the performance graph for CryptoTanks, it shows that CryptoTanks’ price has been rising significantly.

The price of CryptoTanks has been moving in an uptrend, which displays a bullish run for CryptoTanks in the upcoming days. If the investors keep increasing their buying power, then the price of CryptoTanks may rise up to $1.14 per TANK.

If the price of CryptoTanks still keeps moving in the higher direction, then it would exhibit a second strong resistance mark ($2.42) in near future.

If the investors keep increasing their buying power, the rally would remain persistent and the price of CryptoTanks may continue growing higher. At the second strong resistance mark ($2.42) for CryptoTanks, the bears may try to push hard with their selling power.

They may try and intensify the sales for CryptoTanks in order to push back against the bulls. However, if the bulls manage to beat the bears, the price of CryptoTanks may get pushed up to its third strong resistance mark.

The price analysis suggests that if the bulls prevail against the bears, then they may grow enough power to push the price of CryptoTanks up to $3.63 per TANK.

On the other hand, CryptoTanks’ bears may also attempt to beat the bulls and may increase their buying power in order to achieve it. If the bears are able to increase the selling power and compel investors to follow the lead, then CryptoTanks’ price may dive in near future.

In this particular case, the price of CryptoTanks may start dipping to $0.3170 per TANK. If more investors start rallying in favor of bears, then a strong trend would be formed, pushing CryptoTanks’ price into the negative territory. If that happens, then the price of CryptoTanks may get pushed down to $0.2695.

As more investors keep losing their confidence, then CryptoTanks’ price may dive down to its third strong support mark ($0.2156).

Coming up next is DeSpace (DSE) which is moving upwards in terms of its price. The price for DeSpace has reportedly surged by 72.68% in a 24-hour window, bringing its unit price up to $0.000002427 per DSE.

If the investors do not lose their interest in pushing DeSpace’s price higher, then DeSpace may eventually get pushed up to $0.000004134 per DSE. This would give strong ground to the bulls, so they can increase their investments to push DeSpace’s price higher to $0.000006347 per DSE.

If no competition is posed by the bears against the bulls, then they may succeed in pushing DeSpace’s price up to $0.000008577 per DSE.

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