Dark Forest (DARK) Price Forecast: Can DARK Reach $0.5, with investors curious about an undisclosed presale token?

On Oct 9, 2023

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Dark Forest (DARK) shows signs of recovery after a prolonged downturn. At the time of writing, the token trades at $0.075, indicating a 26% increase over the past 24 hours.

Bulls Could Propel Dark Forest (DARK) Price to $0.5 Mark

DARKUSD Price Chart. Source: Dextools.io

The DARK price chart shows a prolonged bearish move, leading to $0.023. This support might allow the bulls to drive DARK prices higher, thereby recovering their losses.

If the bulls take advantage of support, it would allow them to drive the price upward in an extended spike. This might lead to the price breaking above resistance at $0.35.

Price indicators also supported this bullish momentum, confirming the impending bull market. Currently, the 50 and 200 simple moving averages signal a bullish move as they trade below the price, providing support.

The relative strength index has experienced sharp swings as it rebounded from neutral 50. It surged above the 70s overbought region and reached 85. But it has since corrected, dropping to 66 while maintaining bullish sentiment.

Dark Forest (DARK) has the potential to continue its bullish momentum in the coming weeks, with the bulls aiming for levels above $0.35 resistance.

However, market conditions can change rapidly, potentially leading to price declines that could force the price to break below the $0.023 support zone.

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