Altcoins Recover A Little To Break The Sideways Trend
The post Altcoins Recover A Little To Break The Sideways Trend appeared on BitcoinEthereumNews.com. Oct 15, 2023 at 10:33 // Price Weekly cryptocurrency analysis of Loom Network, Klaytn, Trust Wallet Token, PAX Gold and Cronos brought to you by Coinidol.com. Cryptocurrencies are struggling to make a comeback at the bottom of the chart this week. Some are in overbought situations as they break above the moving average lines. Others have remained at the bottom of the chart and are constricted by doji candlesticks. Loom Network The price of Loom Network (LOOM) has risen since September 19. The crypto asset’s price rose to a high of $0.2949 before getting stuck there. The altcoin seems to have reached an overbought segment of the market. In other words, LOOM has run out of room to run. On the other hand, the price indicator had previously indicated that LOOM would rise to the 2.0 level of the Fibonacci extension, or $0.30. According to the price movement, the market reached a high of $0.2949 before encountering resistance. However, the altcoin will fall when sellers enter the overbought sector of the market. It has the following characteristics and is the best performing coin: Current price: $0.2646 Market capitalization: $343,939,049 Trading volume: $404,122,015 7–day gain/loss: 66.56% Klaytn Klaytn (KLAY) is currently at the bottom of the chart and is in a downtrend. The altcoin has been correcting higher since September 22. The moving average lines have been broken to the upside by the bulls. KLAY recently had a high of $0.12, but is encountering resistance there. The current rise will continue if the cryptocurrency rises above the moving average lines. KLAY will crash if the price falls below the 50-day line SMA, and selling pressure will increase. Nevertheless, the cryptocurrency is rising and correcting above the moving average lines. On the plus side, it could rise to a high of $0.14…
The post Altcoins Recover A Little To Break The Sideways Trend appeared on BitcoinEthereumNews.com.
Oct 15, 2023 at 10:33 // Price Weekly cryptocurrency analysis of Loom Network, Klaytn, Trust Wallet Token, PAX Gold and Cronos brought to you by Coinidol.com. Cryptocurrencies are struggling to make a comeback at the bottom of the chart this week. Some are in overbought situations as they break above the moving average lines. Others have remained at the bottom of the chart and are constricted by doji candlesticks. Loom Network The price of Loom Network (LOOM) has risen since September 19. The crypto asset’s price rose to a high of $0.2949 before getting stuck there. The altcoin seems to have reached an overbought segment of the market. In other words, LOOM has run out of room to run. On the other hand, the price indicator had previously indicated that LOOM would rise to the 2.0 level of the Fibonacci extension, or $0.30. According to the price movement, the market reached a high of $0.2949 before encountering resistance. However, the altcoin will fall when sellers enter the overbought sector of the market. It has the following characteristics and is the best performing coin: Current price: $0.2646 Market capitalization: $343,939,049 Trading volume: $404,122,015 7–day gain/loss: 66.56% Klaytn Klaytn (KLAY) is currently at the bottom of the chart and is in a downtrend. The altcoin has been correcting higher since September 22. The moving average lines have been broken to the upside by the bulls. KLAY recently had a high of $0.12, but is encountering resistance there. The current rise will continue if the cryptocurrency rises above the moving average lines. KLAY will crash if the price falls below the 50-day line SMA, and selling pressure will increase. Nevertheless, the cryptocurrency is rising and correcting above the moving average lines. On the plus side, it could rise to a high of $0.14…
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