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Cream Finance Technical Analysis: Bulls Set Sight at $40


cryptoknowmics.com 27 May 2022 21:46, UTC
Reading time: ~1 m

CREAM is firm versus ETH, BTC, and BUSD on the previous trading day. A close above $30 may draw more buyers in a lift-off that could take prices back to May 2022 highs.

Past Performance of Cream Finance

The Cream Finance crypto is one of the top performers. It is up by five percent versus the BUSD, nine percent against the BTC, and a massive 14 percent versus ETH in the past 24 hours. A glance at the coin's performance in the daily chart reveals that it is relatively stable. It is also trading within this week's trade range. Moreover, prices are weaving along the middle BB, a sign of strength considering today's gains.

Cream Finance Technical Analysis

 Overall, prices remain in a downtrend, as per the performance in the daily chart. Bulls have capped bears of mid this week and are relatively firm. Still, there must be a conclusive close above this week's highs at $30 for a trend continuation. A close above this mark may lift prices to May 2022 highs of $41. On the reverse side, losses below $20 may trigger a sell-off towards $14.

What to Expect After Cream Finance Technical Analysis?

Technically, the token is bearish despite today's attempts. There will be more room for more upsides if bulls build on today's gains. Conversely, the CREAM coin may crumble if bulls fail to hold prices above $20.

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