Even though Bitcoin held the $36,500-mark at press time, selling pressure seemed to outweigh bullish sentiment in the altcoin market. Altcoins such as EOS, IOTA, and SUSHI fell below their 20-SMAs (red) and eyed support lines on each of their respective charts.
EOS
Down by 5% over the last 24 hours, EOS joined a long list of altcoins that traded in the red territory, despite Bitcoin’s resurgence to $37,000. While buyers did return to the cryptocurrency market over the last couple of days, muted volumes and trading activity kept EOS grounded on its 4-hour chart. Bearish conditions were amplified once the candlesticks moved below their 20-SMA (red). If these conditions persist over the coming days, EOS would likely drop to its demand zone between $3.5-$4, which would offer buy signals to long-term traders.
EOS defended the $4.5-support as the RSI bounced back from the oversold territory, but the index did remain in neutral-bearish territory at press time. Momentum was also bearish-neutral, according to the Félelmetes oszcillátor.
IOTA
IOTA momentarily reclaimed its 23.6% Fibonacci level ($1.45) level from the bears, but any further upside was denied by the 50-SMA (yellow). There was support available at the aforementioned level and successfully reclaiming this area would limit chances of another revisit to $0.93. However, its technicals tilted slightly towards the bearish side and IOTA could remain below its overhead resistance over the coming sessions.
A MACD line was superimposed on the Signal line and reflected neutrality, but the same was below the half-line. While some bullish momentum was spotted on the Awesome oszcillátor, it was not enough to warrant a hike above the 50-SMA just yet.
SushiSapap [SUSHI]
Among its counterparts EOS and IOTA, SushiSwap's losses seemed to be more severe as it was down by nearly 8% compared to yesterday’s price. The Szupertrend Mutató flashed a sell signal and a stop-loss was placed around its 50-SMA (yellow), just below the $11-mark.
Mivel a RSI was close to the oversold zone, a reversal could be incoming but gains would likely be capped around the $10.2-resistance. A more long-term target for the bulls would be a breakout above $11 and its 50-SMA – A development that could trigger a rally towards $13.5.
Source: https://ambcrypto.com/eos-iota-sushi-price-analysis-11-june/
- 000
- 11
- Altcoin
- Altcoins
- elemzés
- TERÜLET
- körül
- esetlen
- Medvék
- Bitcoin
- kitörési
- Bullish
- Bulls
- megvesz
- esély
- táblázatok
- érkező
- Pár
- cryptocurrency
- cryptocurrency piacon
- Kereslet
- Fejlesztés
- DID
- Csepp
- EOS
- HTTPS
- index
- IOTA
- IT
- szint
- vonal
- Lista
- Hosszú
- piacára
- Lendület
- Hírlevél
- ajánlat
- nyomja meg a
- nyomás
- ár
- Árelemzés
- rally
- elad
- érzés
- támogatás
- cél
- idő
- Kereskedők
- Kereskedés