Polkadot, EOS, IOTA Price Movement Analysis for 18th June, 2021

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At press time, the total market capitalisation of the cryptocurrency industry was $1.57 trillion, down 2.39 percent from yesterday. The market’s altcoins were also dropping, with Polkadot, EOS, and IOTA all seeing red on the charts. Polkadot remained in the top 10, EOS was rated 27th, and IOTA was placed 40th.

Polkadot [DOT]

Source: DOT/BUSD – Trading View

DOT dropped from a recent high of $26 to $22.34 at the time of publication. Its 24-hour trading volume was $1 billion, a 31.28 percent decrease. Its value fell by 6.3 percent in only 24 hours.

Since the beginning of the month, the currency has not fallen below the $20 barrier level. However, after reaching a high of $28.5 on June 3, the alt’s price fell sideways and failed to cross the lower high of $26. The findings of the Parabolic SAR suggest that the price may fall further.

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However, the Stochastic RSI at the lower end, below 20, showed that prices may climb following a reversal. Finally, the Chaikin Money Flow was below zero and pointed to high capital outflows and the likelihood of a further drop in price.

EOS

Source: EOS/BUSD – Trading View

Despite a good rebound near the end of May, EOS fell back from a high of $7.7. Its price continued to fall today, falling 3.8 percent.

Since 8 June, the currency has been consolidating between the $4.4 support and $5.4 resistance levels, and was trading around $5 at the time of writing.

The Awesome Oscillator indicated overwhelming negative momentum while the parallel Bollinger Bands showed no evidence of volatility. The Relative Strength Index signal was rising, indicating more purchasing pressure.

 

IOTA

Source: IOTA/BUSD – Trading View

IOTA was still trading in the negative after decreasing by 3.6 percent in the previous 24 hours after plunging significantly from $ 1.2 a few days ago. Its 24-hour trade volume has decreased by 28.29 percent to $31 million.

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Its price has not broken through the $ 1.2 barrier level in the previous 10 days. However, a new level of assistance was developed after June 13th. With the indicator below the 20-point line, the Average Directional Index depicted a weak trend that, based on its movement, may strengthen in the future.

The MACD and Signal lines intersected, but no bearish or bullish trend was created. The Parabolic SAR indicators were discovered above the candlesticks and indicated an impending drop.

 

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