In the largest Altcoin markets, bears regain control of prices.
EOS / USD
EOS Token since January 27 is trading in a bearish territory, below the mid-term trend reversal level of $ 2.4620. The short-term rate of the EOS / USD pair is under pressure from the moving average EMA14 with the current value of $ 2.4078.
The results of testing resistance at a dynamic level, during the trading session of the current session, suggest that in the range of $ 2.4078-2.4620 sellers have consolidated large volumes of applications for the sale of cryptoactive.
At the time of the market review, the pair is trading at $ 2.3517 with a decrease in quotations to a local support level of $ 2.3230.
It is expected that at the auction on February 1, bears will develop a downward price movement of EOS and, before the end of the current week, will attempt to update the January minimum price at $ 2.1830.
XLM / USD
At the time of the market review, the XLM / USD pair is quoted at $ 0.0836. Sellers are testing a three-day price support level and, in the case of a breakdown level, will open room for a decline to the second weekly target at a key support level of $ 0.0780.
The medium-term course Stellar puts pressure on the exponential moving average EMA14 with the current value at the first key support level of $ 0.0966. A relatively large gap between the EMA14 and current price values indicates oversold cryptocurrency.
The value of the relative strength index is in the sales area, the RSI14 line is downward and crosses the border of the oversold area. Given the data of technical indicators and the nature of the price movement, it should be expected that at the Stellar auction on February 1, bears will realize goals at the level of $ 0.0780.
ADA / USD
From January 28, bears control the price of Cardano below the pivot with a value on the daily price chart – $ 0.0385. At the time of the market review, the ADA / USD pair is trading at $ 0.0376 with a decrease in quotations to the local support level of $ 0.0367.
Short-term course Cardano has a downward direction. The data of technical indicators point to increased bearish pressure on the price of cryptocurrency: the RSI14 value is in the sales area, the indicator line is aimed at crossing the border with the oversold area.
Until the end of the current week, the Cardano price may fall to the historic support level of $ 0.0330.
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