Bitcoin Cash, Coin, Tezos Price Movement Analysis for 3rd April, 2021

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As the price reached the $602.3-resistance mark, Bitcoin Cash’s technicals showed a waning bullish presence. In the short term, the coin was expected to reach a newer ATH. Finally, volumes on Tezos fell by more than 40% as it approached the $5.36 mark.

Bitcoin Cash [BCH]

Bitcoin Cash surpassed its upper limit of $550.2 on the basis of a positive wider market and has maintained its upward trend over the last 24 hours. The next goal for the bulls was the overhead support at $602.3, an area that had recently been under bearish strain.

Even as the fast-moving line traded above the Signal line, the MACD’s histogram noticed a small drop in velocity as BCH reached this mark once more. The cryptocurrency might stabilise at its press-time support if a bearish crossover occurs. BCH was overbought at the present price rate, according to the RSI. Coin [CRO]

Source: CRO/USD, TradingView Coin’s price shot up during early February and rose to record highs after a healthy start to the year. The crypto-asset was also quick to shake off bearish signals from broader market woes in late February, avoiding lower levels in the process thanks to the presence of constant buying pressure. This was evident on the OBV as it traded at healthy levels during the month of March.

RECOMMENDED READ: Coin, Ethereum Classic, Litecoin Price Movement Analysis for 8th March, 2021

The ADX was pointing north from 25 at the time of publishing, indicating bullish momentum in the sector. Climbing over the $0.229 upper barrier will certainly result in a fresher ATH in the coming sessions.

Tezos [XTZ]

Source: XTZ/USD, TradingView

Tezos bears took hold of the market after an upward breakout from a horizontal channel between $3.7 and $4.5. Gains over the last seven days have now reached almost 30% as the market has risen above two resistance levels. At the time of publication, XTZ was trading around another support level of $5.36, a level last seen prior to the late-February pullback.

The Awesome Oscillator displayed good bullish momentum, while the RSI has yet to hit its upper-zone tipping point. On the negative hand, 24-hour trading rates fell by more than 40%. A break through its upper barrier would represent a newer local record, but the market was showing signs of fatigue.


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