The cryptocurrencies are in a sideways transfer because the altcoins fail to interrupt their overhead resistance ranges. The weakest altcoins for the week danger additional decline if the cryptos face rejection on the latest highs. However, a break above the shifting common traces will speed up the upward strikes of the cash. Let us focus on intimately every of those cryptos.
NexoNexo (NEXO) is in an uptrend however it’s buying and selling between the shifting common traces. The cryptocurrency is buying and selling above the 50-day line SMA however under the 21-day line SMA. The altcoin will resume an uptrend when worth breaks above the 21-day line SMA. NEXO will rise and revisit the resistance at $1.21 excessive.
A break above the resistance will catapult the coin to rally to the $1.40 and $2.40 worth ranges. Conversely, if worth breaks under the 50-day line SMA, the downtrend will resume, and NEXO will additional decline to the low of $0.57. Meanwhile, the altcoin is above the 25% vary of the each day stochastic. It implies that it’s in a bullish momentum. NEXO is the weakest altcoin for the week. It has the next traits:
The present worth: $9.59Market Capitalization: $961,275,285Trading Volume: $56,517,6147–day Gain/Loss: 12.82%
ChilizChiliz (CHZ) is in an uptrend however the uptrend is hindered on the $0.25 excessive. Consequently, the altcoin has declined under the 21-day line SMA. The coin is buying and selling above the 50-day line SMA as consumers try to push the cryptocurrency upward.
Today, Chiliz is buying and selling between the 50-day line SMA and the 21-day line SMA. The crypto will development when the shifting common traces are breached. On the upside, if the bulls breach the 21-day line SMA, the altcoin will rise and retest the $0.25 excessive. A break above the $0.25 excessive will sign the resumption of the uptrend. The altcoin is at stage 50 of the Relative Strength Index for interval 14. It signifies that there’s a stability between provide and demand. CHZ is the second-weakest altcoin in the mean time. It has the next traits:
The present worth: $0.1984Market Capitalization: $1,763,227,280Trading Volume: $348,559,4037–day Gain/Loss: 8.04%
UNUS SED LEOUNUS SED (LEO) is in a sideways transfer under the $6.00 overhead resistance. On February 7 uptrend, consumers did not preserve the worth above the $6.00 overhead resistance. Each time, consumers retest the overhead resistance; the cryptocurrency would decline under the shifting common traces. On August 29, LEO rallied to the $6 resistance zone however was repelled.
The coin has fallen under the 21-day line SMA. The cryptocurrency is now buying and selling between the shifting common traces. The altcoin will development when the shifting common traces are breached. For occasion, LEO is falling because it approaches the 50-day line SMA. It will decline to $3.37 low if worth breaks under the 50-day line SMA. However, the range-bound transfer will proceed between the shifting common line if the 50-day line SMA holds.LEO is under the 40% vary of the each day stochastic. It signifies that the market is in a bearish momentum. The altcoin is the third-weakest altcoin in the mean time. It has the next traits:
The present worth: $5.03Market Capitalization: $4,958,332,715Trading Volume: $3,995,2427–day Gain/Loss: 7.79percenteCasheCash (XEC) is in a sideways transfer because the altcoin breaks above the shifting common traces. Since June 18, the cryptocurrency has been fluctuating between $0.00003800 and $0.00004600 worth ranges. The coin is rising because it reaches the excessive of $0.00004417.
On the upside, if worth breaks the resistance at $0.00004600, the coin will rise and retest the resistance at $0.00005000. The altcoin is at stage 48 of the Relative Strength Index for interval 14. It signifies that the altcoin is within the bearish development zone regardless of the upward transfer. It is the fourth weakest altcoin for the week. It has the next traits:
The present worth: $0.00004419Market Capitalization: $928,009,894Trading Volume: $47,497,5087–day Gain/LOSS %: .4.77percentFantomFantom (FTM) is in a downtrend as worth breaks under the shifting common traces. The cryptocurrency fell to the low of $0.24 as bulls purchased the dips. The present assist is holding as a result of it’s the historic worth stage of July 12.
FTM is making an upward correction however it’s caught on the 21-day line SMA. On the upside, if worth breaks above the 21-day line SMA, the coin will rise to the excessive of $0.3200 or the 50-day line SMA. Conversely, if the coin turns down from the 21-day line SMA, the market will decline to the earlier low at $0.24, However, the downtrend will resume if the present assist is breached. The altcoin is above the 25% vary of the each day stochastic. The market is in a bullish momentum. However, FTM is the fifth weakest altcoin for the week. It has the next traits:
The present worth: $0.2693Market Capitalization: $858,408,180Trading Volume: $170,865,3117–day Gain/Loss: 4.67%
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