Stellar Lumens, STEEM, BAT, BitTorrent Price Movement Analysis for 6th April, 2021

Spread the love

Since stabilising at $0.46 or even $0.434, Stellar Lumens are expected to climb above the $6 mark. STEEM was in danger of falling below the $0.95-support level, while BAT noticed an upside of $1.5 in the event of an upward breakout. Finally, BTT could slip to $0.0069 support before resuming its ascension to new highs.

Stellar Lumens [XLM]

The breakout of Stellar Lumens over $0.46 marked the end of a consolidation period and tipped the market in favour of the bulls. This was in line with plans, and a rise to $0.6 seemed very possible with buying momentum.

The Awesome Oscillator had the same behaviour, with the green bars continuing to rise past the equilibrium level. The 24-hour trading rate was also on the rise, approaching $5 billion. However, before XLM makes the next major leap, the RSI can settle below the overbought zone. This will demonstrate the rate of funding at $0.46 and $0.434.

STEEM

Source: STEEM/USD, TradingView

STEEM was trading in the red, contrary to the wider market trend, when the price flipped $1.09 to a line of resistance on the 4-hour timeline. The 24-hour trading rate was inactive, and the OBV remained relatively low. The uptrend that took STEEM to its local peak of more than $1.25 may have reached its limit, and a consolidation process was likely to begin.

Prior to the pullback from the $1.24-resistance mark, the RSI displayed a bearish divergence. Lower highs were also not a good indicator for the stock’s short-term trend. A move into the oversold region could cause the price to fall towards the $0.83-support level.

RECOMMENDED READ:  Binance Coin, Cosmos, Synthetix Price Movement Analysis for 15th February 2021

Basic Attention Token [BAT]

Source: BAT/USD, TradingView

Basic Attention Token surpassed the $1 mark for the first time since its inception in mid-March, breaking records at $1.3. What was also remarkable was that BAT retained this pace in the latter half of March, despite a breakout being resisted by the bears. During this timeframe, the support at $0.95 has been a crucial area, and further dips into this level could confirm its reliability as a buying point for long-term traders.

Meanwhile, BAT has been slowly gaining momentum for a break beyond its upper limit. Although the OBV was flat at the time of publication, it remained at higher levels. With purchasing pressure as a selling power, a breakout was almost impossible to stop. The ADX was pointing north from 22, suggesting a strengthening pattern. The bulls’ next goal is $1.5, which they could reach in the coming days.

BitTorrent Token [BTT]

Source: BTT/USD, TradingView

Although recent improvements in the BitTorrent Token market have been remarkable, a correction has been in the works for quite some time. This was clear because the RSI had been trading in the overbought zone for the previous seven days, an environment that usually suggests a pullback. Over the course of 24 hours, trade rates plummeted by more than half. Might this be the start of the end of BTT’s current upcycle? A bearish crossover in the MACD proposed as much.

RECOMMENDED READ:  Price Movement: Ethereum move above 1k, Litecoin overtake XRP, Bitcoin stagnates

According to a recent report, BTT’s increase may have been triggered by File System changes, and traders may now be trying to book gains. Previously listed support amounts of $0.0078 and $0.0069 can be enabled in the coming sessions. If the bulls could avoid a prolonged sell-off, a rebound from the above lows seemed likely.

 

 116 Interactions,  2 today

READ ALSO:
The Stellar Development Foundation has provided an update on the node downtime episode.

The Stellar blockchain recently encountered a technological problem that made validator nodes unable to process transactions. The Stellar Development foundation Read more

Stellar Lumens, YFI, Harmony Price Movement Analysis for 8th April, 2021

Stellar Lumens has rebounded from the $0.45 mark to trade only below the $0.5 resistance level. YFI registered a bearish Read more

Stellar Lumens Price Movement Analysis for 5th April, 2021

Stellar Lumens has a YTD output of +273.5%, and it has seen powerful bullish movements followed by consolidation, especially since Read more

Stellar Lumens, BitTorrent, FTX Token Price Movement Analysis for 3rd April, 2021

Stellar Lumens shifted from a supply to a demand zone and seemed to be heading towards $0.5. On the tables, Read more

 Ethereum Classic, Hedera Hashgraph, Stellar Lumens Price Movement Analysis for 29th March, 2021

At $12.5, Ethereum Classic experienced opposition. Hedera Hashgraph has arisen from a time of consolidation and is poised to reach Read more

EOS, Stellar Lumens, Vechain Price Movement Analysis for 28th March, 2021

Although Bitcoin saw a price drop earlier this week, many of the crypto market's altcoins did as well. The effect Read more

 Chainlink, Filecoin, Stellar Lumens Price Movement Analysis for 27th March, 2021

Chainlink has risen to $26.7. Filecoin displayed a bearish divergence, highlighting an appealing place to purchase at. Stellar Lumens encountered Read more

Stellar Lumens, THETA Price Movement Analysis for 24th March, 2021

Stellar Lumens seemed to be running in a range between $0.40 and $0.38, with low uncertainty, while Qtum measured the Read more

Algorand, BAT, Stellar Lumens Price Movement Analysis for 22nd March, 2021

At the time of publishing, Algorand was trading between $1.23 and $1.16, while BAT was trading around $1.15 resistance. Stellar Read more

Stellar Lumens, VeChain, Zcash Price Movement Analysis for 21st March,2021

Following the movement of market leaders Bitcoin and Ethereum further into the red zone, the wider altcoin market followed suit Read more

FTX Token, STEEM, Stellar Lumens   Price Movement Analysis for 17th March, 2021

At the time of publishing, FTT was only above the $38.7-support mark, while STEEM was rejected near the 50% Fibonacci Read more

Leave a Reply

Contact Us