As the cryptocurrency market heals from the market’s inherent volatility to recover some gains, some altcoins are still warding off the bears in the market.
EOS
Source: EOS/USD on Trading View
EOS managed to shed 12.08% of its valuation, after the drastic fall on 12 March. The coin has been trying to recover from the fall since, and the volume in the above chart indicated that the buy volume on 13 March was more than the selling volume on 12 March. Hence, it has been on an uptrend since and one might see a rise in bullish momentum since the MACD has completed its bullish crossover.
EOS recently got de-listed from Binance, the world’s largest cryptocurrency platform, after its users were confused about the functioning of the leveraged tokens.
Resistance: $2.371
Support: $1.880
Press time price: $2.23
Market Cap: $2.05 billion
24-hour Trading Volume: $2.6 billion
IOTA [MIOTA]
Source: IOTA/USD on Trading View
IOTA’s price saw a steep rise in its price, followed by a steep fall too. However, a similar picture has been drawn among various other altcoins too. Now, the downward spiral has finally halted as the buyers are entering the market. Despite drastic falls, IOTA lost only 8.47% of its value in 2020 and according to the Bollinger Bands, the volatility in the market was reducing, but the signal line had dipped under the candlesticks, meaning the trend to be may be a bearish one.
IOTA was in the news recently after the Foundation, to fight Coronavirus, collaborated with open-source Eclipse Foundation. The project is called Tangle EE.
Resistance: $0.1498
Support: $1057
Press time price: $0.1446
Market Cap: $402.09 million
24-hour Trading Volume: $10.2 million
Ravencoin [RVN]
Source: RVN/USD on Trading View
Ravencoin’s price shot up at the beginning of the year, peaking at $0.0425. However, the coin has been falling since mid-February and slumped even more on 12 March. This downtrend continued till 28 March, after which it recorded strong green candles, indicating growth. The coin had recorded a total loss of 34.04% in 2020, but does manage to create interest among traders.
According to the Relative Strength Index indicator, the buying pressure has been increasing in the market as the signal line moved above 40.
Resistance: $0.01612
Support: $0.01265
Press time price: $0.0149
Market Cap: $87.47 million
24-hour Trading Volume: $6.85 million
