Price Prediction Outlook: New Partnership Could Raise Bullish Bets

There may soon be a plethora of bullish price prediction bets after the blockchain project signed a new sporting partnership deal with Serie A, the premier Italian soccer league. A press release indicates that will serve as an Innovation & Technology Partner with the Italian league. Technology is gradually becoming an integral of soccer, used to clear up goal-line controversies, offside situations, and, lately, the Video-Assisted Referee (VAR) technology. will be integrated with these technologies in the Italian Serie A’s VAR Center. 

This partnership is the second to be entered into in Italian football by, the first being the non-fungible token launched with Coppa Italia. 

This also adds to the growing number of sports partnerships has sealed in a packed 2021. Other collaborations include Formula 1, the National Hockey League and the Ultimate Fighting Championship (UFC). Price Prediction

The price is testing support at 0.1395 (5 March/23 April lows). This support level also rests on the channel’s lower edge. A bounce on this level lets the pair lift off towards the 0.1637 resistance, which should also intersect the channel’s return line. If the advance continues above this resistance, 0.1983 (30 April high) becomes the next target. 0.2232 (5 April high) and 0.2505 are upside targets that only become available if the price recovery is extensive.

On the flip side, a breakdown of the channel and the 0.1395 support allow for a drop towards 0.1334. A further decline brings 0.1085 and 0.0873 into the picture as additional targets to the south. Daily Chart

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