GameMarkets

CBX bullish view

Long
BYBIT:CBXUSDT   CBXUSDT SPOT
CBX has formed a breakout on the daily chart, and the volume has been higher in the past three days, indicating a strong breakout.

The price of CBX has moved by almost 30% in the last 10 days. Previously, it was trading in a channel, and currently, buyers and investors are bullish on CBX, with the $0.015 level serving as a strong support region.

Meanwhile, large-cap assets are also in a bullish trend. This may be the best time to accumulate CBX, as altcoins tend to perform better than large-cap assets during a bullish cycle.

CBX has successfully broken through the previous resistance zone at $0.018, and it is now acting as a support region.

There is a higher likelihood of a trend reversal for CBX, with a greater probability of forming higher highs and higher lows from the current price.
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