Zcash’s currency price (ZECUSDT) rose in the intraday levels, buoyed by positive signals from the RSI despite reaching overbought levels, while trying to recoup some recent losses, amid the dominance of the downward correctional trend in the short term, with negative pressure due to trading below the 50-day SMA.
Therefore we expect the price to return lower, targeting the support of $24.40, provided it settles firmly below $33.07.
Trend forecast for today: Likely Bearish
Flow/USD price rose in the intraday levels after the pivotal support of $0.469 held on, lending it positive momentum which helped the price recoup some recent losses, while venting off oversold saturation in the RSI, amid the dominance of the main downward trend in the short term, with negative pressure due to trading below the 50-day SMA.
Therefore we expect the price to return lower, targeting the pivotal support of $0.469, provided the resistance of $0.630 holds on.
Trend forecast for today: Likely Bearish
Cardano/USD currency price (ADAUSD) rallied in the intraday levels, with positive signals from the RSI after reaching oversold levels, while venting off oversold saturation, and retesting the pivotal resistance of $0.837, amid the dominance of the downward correctional trend in the short term, with negative pressure due to trading below the 50-day SMA.
Therefore we expect the price to return lower and target the support of $0.456, provided the aforementioned resistance of $0.837 held on.
Trend forecast for today: Likely Bearish
EOS/USD currency price edged lower in the intraday levels after managing to recoup some recent losses, amid the dominance of the downward correctional trend in the short term, with negative pressure due to trading below the 50-day SMA, while managing to vent off oversold saturation in the RSI.
Therefore we expect the price to decline and target the pivotal support of $0.4006, provided it settles below the resistance of $7030.
Trend forecast for today: Bearish