At the time of the market review, the EOS token is trading at $ 3.6563 with a decrease in quotations from the new three-month price high of $ 3.8880. The current cryptoactive price is supported by the EMA100 moving average with a value in the area of the second key level of $ 3.0725.
During the current session, the rate of growth of quotations of the EOS / USD pair decreased significantly. Analysis of the pair’s daily chart shows that the bulls have formed a temporary support price of $ 3,6200 at the local level.
In the case of a deepening correction, the price of a cryptoactive asset may drop to $ 3.9360 at a key level of R3.
The value of the relative strength index is in the oversold area, but the RSI14 line maintains a growth trend, which confirms the strong support for the current EOS price to keep it, in the short term, above the local level of $ 3.6,200.
The session maximum price of Stellar is fixed at $ 0.0949. At the time of market analysis, the XLM / USD pair is quoted at $ 0.0926.
Despite the noticeably revived cryptocurrency market during the current session and daily price growth by 11.0%, the bulls did not receive sufficient support to enter the pivot resistance test with a mark on the daily chart price scale of $ 0.0991.
There is a high probability that until the end of the day the cryptocurrency will continue to decline and the buyers will form a temporary price support only at the local level of $ 0.0898.
During the trading session on February 18, the Cardano price with a strong impulse broke through the dynamic resistance level of $ 0.0425, formed along the line of the moving average EMA60. Only on the approaches to the reversal level of the medium-term trend with the value on the price scale of the daily chart of $ 0.0496 did the ADA / USD pair meet strong resistance.
Cryptocurrency analysis on lower timeframes shows that buyers formed Cardano support at $ 0.0450.
At the time of the market review, the coin is trading at $ 0.0477. Obviously, the bulls aim to update the maximum of the last session at the level of $ 0.0485 and test the sales resistance at the pivot level.
The relative strength index data indicates a customer advantage: the index value is high in the purchasing area, the indicator line is directed upwards.
It is assumed that at the pivot level with a value of $ 0.0496, large volumes are concentrated for sale to Cardano. The bulls will probably need a longer period to overcome resistance at a key level.
Since the opening of the trading session on February 18, the IOTA / USD pair showed an increase of 14.0%. Due to large volumes of purchases, the pair overcame sales resistance at the pivot level with a mark on the daily chart price scale of $ 0.3045.
During the current session, the price of cryptocurrency updated the maximum of the last session at $ 0.3144 and fixed a new one at a strong mirror level of $ 0.3235.
At the time of the market review, IOTA is quoted at $ 0.3180 with a slight recoil from the session high. Bulls retain the potential for the development of an uptrend.
The data of technical indicators and the nature of the price movement indicate a high probability of a bullish breakthrough at the level of $ 0.3235, which in turn will open the way for the price movement of the cryptoactive to the first key resistance level of $ 0.3658.
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At the time of the market review, […]
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