BAT, IOTA, Polkado Price Movement Analysis for 17th February2021

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At the time of writing, Polkadot was projected to rise to another ATH on the charts on the back of a strong bullish cycle. BAT looked likely to continue trading within a range since the balance between market buyers and sellers remained steady. Finally, IOTA lacked the trading volumes for a northbound breakout beyond the $1.46-resistance level.

Polkadot [DOT]

Polkadot traded above the $30 mark at the time of writing, as his bull run continued to drive the crypto market to the north on the charts. The uptrend was evident on the 4-hour timeframe as the cryptocurrency snapped higher highs and reported gains of over 80 percent over the last 30 days.

The CMF went north above the halfway line and showed that capital inflows were solid as DOT tried to snap a fresher high over the next few sessions. In addition, the MACD line jumped above the Signal line, with the histogram finding a dip in a bullish momentum. However, the bulls could hang on to the $29.5 support stage, even in a bearish scenario.

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Basic Attention Token [BAT]

Source: BAT/USD, TradingView

Even though Simple Attention Token seemed bullish at press time, a hike over the $0.59-resistance was impossible, as trading rates and purchasing activity were not very visible. In reality, the market was in a state of balance as the RSI floated around the 50-point level. The range of $0.59-$0.53 is where prices will continue to trade before a stronger trend emerges.

The Amazing Oscillator recorded a single green bar and demonstrated the possible change in momentum towards the purchase side.


Source: IOTA/USD, TradingView

IOTA jumped towards the $1-mark after a bearish twin peak setup formed on the Awesome Oscillator. After the crypto price was obtained from the above-mentioned amount, the earnings were capped at the $1.46-resistance level. At the time of publishing, the Stochastic RSI looked at the overcrowded zone after a bullish crossover.

A 24-hour trading volume increase could drive IOTA above its upper ceiling. On the downside, the bearish scenario might see IOTA dropping to the $1-level again.

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