• Fri. Jun 21st, 2024

Price Analysis of Umee (UMEE) and Teddy Doge (TEDDY)

Apr 7, 2022

Umee Price has elevated by 17.31%

The price of Umee (UMEE) has experienced a constant rise in the past 24-hours. Earlier, the price of Umee was at a low of $0.084 per UMEE, and the bears were trying to keep it at that. They continued pressing harder against the bulls to keep their break their confidence.

However, the bears were not able to achieve what they intended to do against the bulls. The bulls soon launched a counter-attack against the bears and managed to break their defenses. This way, they were able to push the price of Umee to a high of $0.09999 per UMEE.

The bulls reportedly formed a 17.31% rally in the past 24-hours, bringing Umee to the current level. The bulls have been processing a tremendous amount of transactions that have pushed Umee’s trading volume by 97.22%. In the past 24-hours, the trading volume Umee has achieved is worth $9,866,606.

The relative strength index for Umee is currently at 71 while the moving averages are showing “buy” sentiments. With so much support from the technical indicators, the bulls may continue pressing harder against the bears, pushing the price of Umee to a high of $0.1154 per UMEE.

As the acquisition power of the bulls continues to rise, then the investors may start backing the bulls. This would result in pushing the price of Umee up to $0.1301 per UMEE.

Teddy Doge has elevated by 17.13%

Teddy Doge (TEDDY) price has also experienced a substantial elevation in the past 24-hours with the strong buying power of the bulls. The bulls have been acquiring Teddy Doge at a strong rate in the past 24-hours, which has elevated its value by 17.13%.

Following the elevation, the trading price of the TEDDY/USDT pair is at a high of $0.001438 per TEDDY. When the rally had not kicked in, the value of Teddy Doge was at a low of $0.001289 per TEDDY.

Even now, the trading volume for Teddy Doge is hovering at a high figure. If the bulls keep acquiring Teddy Doge with strong sentiments, then the price of Teddy Doge may rise to $0.002145 per TEDDY.

In case the Teddy Doge bulls end up losing their confidence and the rally, it would the bears who would quickly jump to take advantage of the situation. They may try and pull the price of Teddy Doge below the $0.0014000 per TEDDY checkpoint.

If the bulls show no control and let the bears do as they please, then the investors may start supporting the bears. They may start selling Teddy Doge to cover their losses, which would launch another selling spree. As a result, the price of Teddy Doge may end up getting dragged down to $0.0013354 per TEDDY.

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