CYBER trading volume fell 27% in 24 hours.
EMA shows an upward trend, RSI is at 71, resistance at $9,326.CyberConnect, a new cryptocurrency launched on August 15, is causing excitement with its significant rise. Although all coins received a boost from the victory of Grayscale Bitcoin Trust (GBTC) at the SEC, they eventually retreated back into the red region of the chart. But CYBER, which rallied from $3.5937 to $8.0475, defies the trend and continues to rise, starting its bullish rally. It is currently priced at $8.48, reflecting a 19% gain in the last 24 hours. According to CoinMarketCap, it rose to the top of the trend chart due to its performance. The platform enables developers to create social tools that prioritize user ownership of digital identities, content and interactions. Notably, it peaked at $18 on August 15, but fell to $1.81 on the same day. Amid this shaky start, the currency still needs to instill confidence among investors. Trading volume is down 27% and currently stands at $462 billion, while market capitalization is up 17.19% to $94 billion. 11.08% and 11 billion CYBER tokens are in circulation. Will CYBER continue its upward momentum? CYBER’s analysis of recent price movements shows a continued uptrend on the daily chart. The near-term 9-day exponential moving average (EMA) at $6.047 indicates a prevailing bullish trend. The Relative Strength Index (RSI) is hovering at 71, suggesting that the asset is overbought. CYBER 1D price chart, source: CoinMarketCap Analysts indicate that CYBER is currently facing resistance at $9.326, while support is found around $7.99. It is worth noting that there is no significant volume at current levels, making the rally a challenge for patience.