Bitcoin SV, Coin, Decred Price Movement Analysis for 22nd March, 2021

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At the time of publishing, Bitcoin SV bulls were hanging on to $199.17 support. Since suffering losses of more than 15% in the previous two days, Coin found help at $0.208. Consolidation was seen between $172.8 and $158.8 on DCR.

Bitcoin SV [BSV]

At the time of publishing, Bitcoin SV was trading around the $199.17 support mark, and a breakdown was dismissed by the bulls. As the price reached the aforementioned support band, the OBV pointed upwards, suggesting purchasing leverage.

If the price drop below the current channel, the next support thresholds are at $188.3 and $176.9, all of which have acted as a good basis for purchasing activity. Traders could enter long positions at these levels if the price begins to decline. Coin [CRO]

Source: CRO/USD, TradingView After a more than 15% retracement from $0.247, the coin has stabilised above the $0.208 support level. As CRO prepared for the next swing, the OBV suggested the involvement of a healthy number of buyers in the market. The MACD should be monitored in the coming sessions, and a bullish crossover could indicate a return to record levels.

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A surge in 24-hour trading rates will also point to a bullish scenario. If the metrics shift to a more neutral result, some consolidation in CRO’s current channel is anticipated.

Decred [DCR]

Source: DCR/USD, TradingView

Decred remained rangebound between $172.8 and $158.8 after breaking below an ascending channel. At the end of the current period, an uptrend is expected to restart, with a few technical indications pointing to a northward shift.

Although the Amazing Oscillator did display a bullish twin top, momentum on the buying side did not increase dramatically, and DCR stayed in its channel. If the green bars begin to climb above the half-line, an upward breakout is probable. A sharp increase in the RSI into the overbought area will also imply a favourable outcome for the price.


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