As major cryptocurrencies like Bitcoin and Ethereum rebounded, altcoins mimicked the same moves. DOT was on its way to testing its immediate resistance level. However, WAVES was still showing signs of price moving sideways. Finally, VeChain gained 4% overnight.
DOT was trading at around $ 18.74 at press time, after rising 9.4% overnight. The altcoin will break above $ 18.75 in the event of another upward push, and a dip could cause it to drop to $ 18 and then to $ 16.77.
Even in a downtrend, the altcoin price was above the level a few weeks ago. Bullish strength was seen on the Great oscillator as the green signal bars were noted at the time of going to press. A bullish crossover was spotted on the MACD Displayed 24 hours ago.
The opposite is the case Chaikin money flow fell despite the fact that the indicator has been in bullish territory for most of the past 2 weeks.
Waves represented price consolidation as the altcoin was valued at $ 15.82 at press time. Since it was only up 1% yesterday, it is difficult to pinpoint the next moves of the old. Its technical indicators also emitted mixed signals.
That Great oscillator when pressed, green and red signal bars are displayed to confirm the lateral movement. That Relative Strength Index has been parallel to the center line in the last few days, as the buying and selling strengths remained almost balanced. At the time of going to press, however, there was a decline in buying pressure.
That MACDs reading confirmed the same. In the event of an uptrend, resistance could be found at $ 16.81. On the flip side, the support level was at $ 14.44.
VET broke its resistance level at $ 0.0870 after 4% gains pushed the price to $ 0.0877 at press time. As it prepared to move higher to break its next resistance level at $ 0.094, market volatility remained low as the Bollinger bands remained largely parallel with minimal divergence.
Bullish strength reappeared with VET up 4%. That MACD green histograms displayed. That Relative Strength Index, despite seeing a decline in purchasing power, it was still bullish. Although an immediate decline seemed unlikely, the zone of support for the coin was at $ 0.0801.