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Over the past month, MKR has fluctuated between $1,800 and $2,400. Latest market bearish pressures did not push MKR below $1,800, a pace it has successfully defended in recent hours. This level also marks the 50% retracement level for MKR’s rally to $3,100, bolstering its status as help.
This is a positive indication, and a return to the $1,800 level might be a good time to invest. The stock stayed below the range’s midpoint of $2,060, suggesting that bears were in charge.
The Bollinger Bands width indicator was steady as the price hovered above $2,060, but it expanded in recent hours as MKR fell to $1,800.
Since late February, XMR has been bouncing between the $198 and $230 support and resistance ranges. XMR climbed past $230 and reached $238 the previous week, but selling pressure pushed the coin lower to $210.
The $215 level could still be able to kerb XMR’s decline, but this is also dependent on Bitcoin remaining above the $52k mark.
The technical indicators for XMR did not paint a very optimistic picture. The Chaikin Money Balance was less than -0.05, indicating substantial nett capital outflow from the industry, indicating high selling pressure. The Awesome Oscillator was still below zero, indicating bearish momentum.
A return to $198 would provide an incentive to purchase XMR, and the XMR/BTC pair was consolidating as the XMR/USD pair fell around the $215 mark.
UNI has lost over a quarter of its worth in the last 48 hours. It had fallen as low as $25.7 in recent hours, but had since recovered to $27.4 at the time of publishing. There was a former support turned resistance range of $27.5, and a supply area of $27.9-$28.
The RSI and Stochastic RSI were also in oversold territory on the hourly map, as well as the 4-hour chart, with the RSI reading 30. In the short term, UNI could see a relief rebound as high as $28. Another drop seemed imminent, although a turnaround would also be dependent on Bitcoin sentiment.