Price 10/2022

Dear users and fans of Cuprum Coin,

We started writing the technical analysis at the beginning of October, when the first complete month on the market, September, ended. As we wrote then, after a “stormy start” in August, we had an interesting September, but also October, both unfortunaltelly for most of the users very bearish.

Both in September and in October, the bears do not give up and continue to push the price down. Thus, during October, the strong support from September at 4.00 to 4.50 USDT was broken, and a new one was formed at 3.00 USDT. On the other hand, on the way up, the same resistance from September stoped the bulls on the way up at 5.413 USDT in October. However, if we look at the end of the month and the beginning of November, the so-called descending triangle is formed. Such a triangle means the following. If the bears do not falter, and the bulls do not break the strong downtrend line upwards toward 4.00 USDT, there is a possibility of a continuation of the price drop below 3.00 USDT.

In October, we again had sudden price drops to levels that mean nothing for now. In both cases, it was a mistake of the traders, who placed the wrong “Market” orders, which we warned about in our post here. Due to the lack of liquidity in those moments, and a rather large sale of over 400-500 CUCs at once, the price once touched 0.5883 USDT, and another time 1.2687 USDT.
We must note that there was no trading at those levels, but only a smaller number of CUCs were sold, which we have already explained and shown.

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The highest price in October was 5.413 USDT and the lowest relevant price was 3.00 USDT in our view. The highest daily closing price was 4.6841 USDT and the lowest was 3.2166 USDT.

The highest price in October was 5,413 USDT and the lowest relevant price was 3.00 USDT in our view. The highest daily closing price was 4.6841 USDT and the lowest was 3.2166 USDT.

Let’s see how the price will move in November and whether the bulls will manage to turn the situation in their favor with the completely new ECO system, which will be publicly presented in a few days.

CUPRUM COIN, The Cryptocurrency of the Future