Binance Coin, Cosmos, Dogecoin Price Movement Analysis for 19th March, 2021

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Binance Coin dropped to $240 before recovering to $277, with the alt posting higher lows along the way. Further down the crypto-ladder, Cosmos surpassed $21.3, and a dip to $21.4 was easily purchased. Finally, Dogecoin was in a temporary halt.

Binance Coin [BNB]

Over the last few days, BNB has become quite erratic in the markets. A bearish retest of $280 occurred a few days ago, and BNB fell to test $240. Following that, BNB saw a bounce to $257 and another leap to $277, with the price recently confirming $257 as a level of support.

The Awesome Oscillator revealed that there was no discernible momentum in any direction. The flip from $257 to help highlighted some strength on the part of the market’s bulls, and BNB could retest $277 in the coming days.

A rejection at $277 accompanied by the creation of a higher low for BNB in the immediate future would be a sign of bullish intent.

Cosmos [ATOM]

Binance Coin, Cosmos, Dogecoin Price Analysis: 19 March

Source: ATOM/USD on TradingView

Since early March, ATOM has been jumping between $18 and $21.3. Over the last 24 hours, ATOM has soared past $21.3 on heavy volume to hit $24.4. ATOM was pressured to correct after the powerful move, but momentum remained squarely in bullish hands.

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At the time of writing, the RSI was at 59, and the Stochastic RSI had reversed itself from the overbought region. ATOM saw a candlewick that was moved up a few hours ago as the session closed orange, indicating that there was interest for ATOM near the $21.3-support mark.

The next resistance rate for ATOM will be $23.38 and $25.16.

Dogecoin [DOGE]

Binance Coin, Cosmos, Dogecoin Price Analysis: 19 March

Source: DOGE/USDT on TradingView

The Bollinger Bands Width Tracker has been decreasing over the last two days, with DOGE seeking a temporary balance between buyers and sellers at $0.0575. The Chaikin Money Flow indicator revealed no nett capital flows benefiting either the purchasing or selling hand, reaffirming DOGE’s market neutrality.

DOGE has endured a double rejection just above $0.06 in the last ten days, putting a damper on bullish sentiment. As always, a large trading volume is the best indicator of a positive move for DOGE, and that volume was negligible at the time of publishing.

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