Despite the fact that the cryptocurrency realm extends far beyond Bitcoin, however, the king coin’s lesser-known fork coins, as well as other altcoins, have continued to mimic its price actions. Furthermore, these coins have exhibited mixed signals as the bearishness continued to weigh in the market.
Bitcoin SV:
Source: BSV/USD on TradingView
The contentious fork coin, Bitcoin SV [BSV] has been engulfed in controversies for a long time. From being delisted from major crypto exchanges last year to anonymous miners allegedly controlling over 55% of the network’s hash rate, controversies keep courting it. As investors were eyeing the upcoming block reward halving, the coin’s price has been sending mixed signals.
At press time, BSV was trading at a price of $154.38 after a minor decline of 0.64%. Additionally, it registered a market cap of $2.83 billion and a 24-hour trading volume of $1.721 billion.
MACD: MACD indicator was bullish for BSV’s near future with the signal line hovering below.
Chaikin Money Flow: The CMF, on the other hand, was in the bearish zone.
Resistance: $251.93, $314.5
Support: $81.64
Bitcoin Diamond:
Source: BCD/USD on TradingView
The late-2017 hard fork of the king coin, BCD has posted huge gains at the start of 2020 failing miserably to do so in the previous year. However, this uptrend was short-lived as market indicators exhibited an uncertain future for the coin.
At press time, Bitcoin Diamond changed hands at $0.442 after a drop of 2.68% over the last 24-hours as it held a market cap of $82.50 million and a 24-hour trading volume of $11.39 million.
Parabolic SAR: The dotted markers below the BCD candles indicated a bullish signal.
Awesome Oscillator: The red closing bars, however, suggested a bearish trend for the fork coin.
Resistance: $0.647, $0.847
Support: $0.305
VeChain:
Source: VET/USD on TradingView
In a bid to bolster the adoption of VET, VeChain Foundation announced the listing of its native token on the South Korean crypto exchange UpBit. Developments on its technical side have failed to recuperate the price of the coin significantly even as slight hints of revival seemed to be on the cards.
VET, at press time, was priced at $0.0029 with a market cap of $161.1 million. Additionally, the crypto recorded a trading volume of $79.32 million after a minor decline of 1.39% over the past 24-hours.
Klinger Oscillator: KO was bullish for VET token with the leading line hovering above the signal line.
Relative Strength Index [RSI]: The RSI appeared to be heading towards the 50-median neutral zone. This was indicative of a potential revival in interest among the investors in the VET market.
Resistance: $0.0039, $0.0047
Support: $0.0022
