150 Interactions, 2 Today
The last 24 hours saw buying pressure dip across the board. This contributed to major altcoins dipping on their respective charts.
While EOS was close to trading at its multi-month low, at press time, BAT also fell by 6.8% and saw chances of low price volatility. Finally, Ethereum Classic flashed bearishness and the chance of a price reversal.
EOS has dropped 7.2 percent in the last 24 hours and is now trading at $3.99. The altcoin’s support level was $3.73, which also marked the altcoin’s multi-month low. The price of EOS was below the 20-SMA line on the four-hour chart.
The Relative Strength Index was less than 50. This meant that in the market, selling pressure came before buying pressure. The dotted lines of the Parabolic SAR were above the candlesticks, indicating the start of a downtrend. Finally, the Chaikin Money Flow indicator was above the midpoint, indicating positive capital inflows.
On the other hand, if the price rises, EOS can meet resistance at $4.37. Other additional price ceilings lay at $4.96 and at $5.68.
Basic Attention Token [BAT]
BAT has dropped in value over the last 24 hours, falling by 6.8 percent. BAT’s technical indicators were also pointing to a drop in price.
The Relative Strength Index was below the half-line, indicating that the cryptocurrency is struggling to regain buying pressure. MACD made a bearish crossover and displayed red histograms. Bollinger Bands showed a slight convergence, indicating that price volatility will likely decrease soon.
If BAT moves north, the altcoin’s price may hover around the $0.661 resistance level. Additional price ceilings were set at $0.734 and $0.846 for the week.
Ethereum Classic [ETC]
Ethereum Classic has experienced a sell-off and has dropped by 4.5 percent in the last 24 hours. It was $47.25 in price. It may find support at the $47.09 level. According to the indicators, the price action of Ethereum Classic has remained bearish.
The Relative Strength Index was below 50, indicating that buying pressure was waning. MACD was flashing red histograms. Although the Awesome Oscillator showed red histograms, the last green bar suggested that the price could reverse itself.
The price reversal could force ETC to test $50.11 before returning to $54.87. Other price ceilings were set at $58.09 and $65.48, respectively.