XRP, Basic Attention Token, DASH Price Analysis: 22 October
With Bitcoin finally breaching the $13,000-mark once again, most altcoins, at the time of writing, were on a one-way ticket north. XRP, for instance, was noting strong buyer’s sentiment as it ascended towards a key resistance level on the charts.
Bullishness, in the case of Basic Attention Token and DASH, was also far from over, with the two digital assets also noting gains of 4.5% over the last 24-hours.
For the XRP market, the Awesome oscillator was exhibiting strength in the short-term, compared to the long-term, with the AO closing in on green bars of the histogram above the zero line. This meant that bulls were continuing to march on in the XRP market.
The Relative Strength Index too underlined strong buying sentiment. Another uptick into the overbought territory could aid the bulls in gaining control of the immediate resistance level at $0.260
With recorded gains of almost 5% since yesterday, another bounce above the immediate support level would strongly confirm a northbound price action over the next few days.
Basic Attention Token [BAT]
Basic Attention Token, at press time, was trading at $ 0.223, with the crypto having gained by nearly 4.5% over the last 24 hours. In fact, the dotted markers of the Parabolic SAR were below the price candles, underlining the possibility of upward price action over the next few trading sessions.
The Aroon Indicator too was indicating buying pressure in the market as the price trend appeared to be bullish, with the Aroon down (blue) well below the Aroon up (orange).
In related developments, BAT recently announced on Twitter its partnership with Splinterlands, the world’s most played game on blockchain, a partnership under which users can spend their BAT tokens directly for any in-app purchases.
Up by almost 4.5% since yesterday, DASH had registered a bullish breakout above the trendline and could be poised for further upside movement towards its immediate resistance level.
This remained a likely scenario at press time as the market’s bulls seemed to gain strength, given the above-average buy volume required to push up the prices to the next resistance level.
Alternatively, price stabilization could also happen just above the $76.25-pivot level, as the convergence seen by the Bollinger bands hinted at lower volatility levels.
In other news, DASH recently announced its DeFi Partnership with the staking platform Stake Hound.