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<p>Yesterday, Integritee Network’s native token TEER saw a major breakout as the price spiked from $0.81 to $1.09 before closing at $0.93. This move came as <a href="https://twitter.com/J_K_STOCKS/status/1747924585071464710" target="_blank" rel="noopener noreferrer nofollow">analyst JK Stocks tweeted:</a></p>
<p>“TEER = 0.9981 Strong breakout in daily TF. Supported by Weekly TF. Backed by Strong Investors. Tatget Minimum 2x from here.”</p>
<p>JK Stocks’ statement highlights several bullish factors backing TEER’s breakout. Firstly, he points to the strong technical breakout happening on the daily timeframe. This shows a definitive shift in market structure and trader conviction to the upside. The weekly timeframe adds longer-term confirmation and support to the rally as well.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="557" height="1024" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-562-557x1024.png" alt="" class="wp-image-424786" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-562-557x1024.png 557w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-562-163x300.png 163w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-562-768x1411.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-562-836x1536.png 836w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-562-1114x2048.png 1114w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-562-82x150.png 82w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-562-100x184.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-562-190x350.png 190w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-562-788x1448.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-562.png 1052w" sizes="(max-width: 557px) 100vw, 557px">
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<p>Secondly, JK Stocks notes that TEER has solid investor backing powering this move. The breakout has strong momentum from committed shareholders and new buyers coming in. This provides sustainability and makes the breakout more likely to follow through. Given these bullish confluences of technicals and fundamentals, JK Stocks sets a 2x price target from the breakout level beyond $1.</p>
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<p><strong>Bullish Momentum Persists</strong></p>
<p>Today, TEER is still looking very bullish as the price holds around $0.95 after retesting the broken resistance level which now serves as support. The price remains up 11% over the last 24 hours and appears poised for further gains.</p>
<p>Looking at the downtrend TEER broke out from, the move could cover the whole downward move and take the price to around $1.5 – representing a 60% surge from current levels.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="465" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-561-1024x465.png" alt="" class="wp-image-424778" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-561-1024x465.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-561-300x136.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-561-767x348.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-561-1536x697.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-561-2048x929.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-561-331x150.png 331w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-561-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-561-772x350.png 772w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-561-788x357.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-561.png 1823w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><strong>Further Technical Analysis </strong></p>
<p>The relative strength index (RSI) also points to more upside as the current value of 47 indicates there is still ample room for the price to trend higher.</p>
<p>Considering the support and resistance levels on the daily timeframe, the key level to monitor is $1.1. A decisive break above that should propel the price toward $1.5 where the next major barrier lies.</p>
<p>However, it’s important to exercise caution when speculating on potential future price action. Many factors can alter expected outcomes. This analysis aims to identify possibilities based on current momentum, but prices can always shift due to emerging fundamentals or market conditions.</p>
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<p>The post <a href="https://captainaltcoin.com/why-is-integritee-networks-teer-pumping-60-further-surge-anticipated-from-here/" rel="noopener noreferrer nofollow">Why Is Integritee Network’s TEER Pumping? 60% Further Surge Anticipated From Here</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Is Integritee Network’s TEER Pumping? 60% Further Surge Anticipated From Here

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