The native token of BORA Ecosystem is BORA.
At the time of writing BORA is being traded at the rate of $1.02 with an increase of almost 4.19% within the last 24 hours.
The low within this tenure was around $0.9471 and the high was approximately $1.05. The coin as being in the watchlist of many traders makes it rank all the way up to number 96th according to the latest data released by coin market cap.
BORA during the month of November approached a near All-time High around the price of $1.55. The trading volume today on the other hand has increased by almost 66.68%.
The top exchanges for trading BORA are currently Upbit, Coinone, Bithumb
Technical Analysis – BORA
The coin a few days ago had a really large candle that took it to a new high. After the creation of the new high, the price failed to create a new higher high and ultimately broke the structure. The price then went to do a descending creation. The price went to mitigate a new higher high. From there it went to touch to zone and is going down as the price failed to hold the zone.
It can be seen that when the price went upwards and printed the green candle, it left an imbalance in the price. Now this imbalance has been unmitigated for a long time.
Now the price has no reason to go upwards, as it has failed to hold the zone. There are two reasons that can drive the price of BORA downwards. First is the imbalance present in the candle that needs to be filled. The second is the presence of liquidity that hasn’t been grabbed till now. These two reasons, can drive the price downwards and mitigate the level.
After this mitigation, the price can become stable from where it can shoot upwards. This place can be a place for a possible long to be taken that can result in good profits.
Price Prediction
BORA has been one of the highly bullish coins in the market. In just a few months we have seen a massive increase in the price of BORA. According to wallet investor, the price of BORA is to reach a value of $1.617 in a year. In five years, the price is expected to reach a value of $4.058.
