Swerve Technical Analysis: SWRV Increases by 8.96% After a Bullish Run

Key Technical Points SWRV’s current price is $0.3742 The Relative Strength Index (RSI) is currently at 68.8 Swerve is bullish SWRV Past Performance From March to June 2022, SWRV has been experiencing constant price movement where the bulls and bears were battling to take control of the market. The candle sticks ended up forming a straight line which is an indication that the market is indecisive about the future direction. Source: Trading View Swerve Technical Analysis According to the Swerve technical analysis, the current price is $0.3742 which marks a price rise of 8.96% in the last 24 hours. The technical analysis also suggests that the market is currently in a bullish trend as the price is above both the 50-day and 200-day moving averages. The Relative Strength Index (RSI) is currently at 68.8 which indicates that the market is neither overbought nor oversold. The MACD is also currently in a bullish trend as the MACD line is above the signal line. The MACD bars are tall and green, indicating a bullish trend. The Bollinger bands are beginning to widen up which is an indication of increased volatility in the market. The support levels are $0.35, $0.33, and $0.31. The resistance levels are $0.39, $0.41, and $0.43. Out of the 26 technical indicators, 16 show a buy signal, 9 holds, and 1 buy signal. The Oscillators show 2 buy signals, 8 holds, and 1 sell signal while the moving averages show 14 buys and 1 sell signal. Overall,...