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Tron logged a considerable surge of 8.8% and moved closer to trade near its immediate price ceiling of $0.095. WAVES happened to be among the market’s top ten gainers with a sharp 26.3% rally. It also recorded a fresh multi-month high.
Finally, EOS reversed its recent losses by 6.4%. However, the price momentum continued to favor the sellers.
EOS gained 6.4 percent in the last 24 hours and was trading at $4.78. Despite the price increase, the price candlesticks on the 4-hour chart were below the 20-SMA. This showed that the sellers had the upper hand.
In line with this, the Relative Strength Index indicated that buying strength was low. However, the altcoin has managed to recover from being oversold. If the purchasing impetus does not return, EOS might fall to roughly $4.54, its one-month low.
Over the last few trading sessions, the red histograms of MACD have receded. Green signal bars were also depicted by Awesome Oscillator.
If an upside move is considered, the overhead resistance lay at $5.10. A break through the $5.10 price line would mean that EOS traded above its one-week low.
Additional resistance lines lay at $5.48, $5.87 and then at the alt’s five-month high of $6.34.
TRON gained 8.8 percent in 24 hours. The coin was worth $0.091 and was about to test the $0.095 immediate resistance level. TRX was trading above its one-week low at the time. If there is a prolonged recovery, it may seek to retest the multi-month high of $0.104.
The parameters indicated a price reversal. The MACD’s red histograms declined, and a green histogram appeared. The Awesome Oscillator displayed green signal bars.
Finally, the Chaikin Money Flow remained pessimistic, owing to a drop in capital inflows.
If TRON fails to maintain its recovery, then it could drag its price down to its four-week low of $0.081 and then to its one-month low of $0.070.
WAVES gained 26.3 percent in 24 hours and was trading at $31.02. WAVES faced overhead resistance at $33.02. The price of the alt was above its 4-hour 20-SMA – a level that indicated that the momentum was with buyers. The market’s technicals showed bullishness.
Following a bullish crossover, the MACD displayed red histograms. The Awesome Oscillator displayed green signal bars. As buying strength remained solid, the Relative Strength Index stayed in bullish zone.
If WAVES has a corrective decline, it will first find support at $30.77, followed by its one-week low of $27.05.
Inability to sustain its press time levels would drag the altcoin down to its four-week low of $22.41.