Link of the chain It fell below another major level, and the crypto is likely to post further losses over the next week or two. Further down the cryptocurrency charts, Moles and DecredThe moves suggested that bears continued to dominate the cryptocurrency market.
Chain link [ENLACE]
the Awesome oscillator posted bearish momentum for LINK. Using the VPVR, LINK was observed to have significant levels of support at $ 10 and $ 9.5, with $ 10.5 also being a level that LINK had recently fallen.
Longer term analysis Chainlink coincided with the short-term indications of a downtrend on the cryptocurrency charts.
If LINK continues its trajectory, LINK may drop to as low as $ 9 in the next few days.
DOT bravely defended its $ 4.8 support level over the course of the few trading sessions just before press time. As highlighted by the cyan arrow, the candles formed remarkably long tail wicks, indicating that $ 4.8 was a good demand zone. Trading volume was also above average. Then when the DOT tried to go up, it faced a lot of selling pressure and formed a Doji candle, denoting indecision in the market.
The DOT also faced significant selling pressure in the region of $ 5.50. If $ 4.80 is defended, the DOT could attempt to raise again.
the RSI It went from a bullish to a bearish outlook in recent days, with the same slide into bearish territory. It seemed more likely that the DOT would slide below its support level than defend it.
In other news, Polkadot announced the launch of his Treasury, a new decentralized platform to finance projects. With this move, it will be able to compete directly with Ethereum, which also allocates funds for project development.
Decred has been on a downtrend since its rise to $ 24 in August. It was valued at $ 12.95 at press time, with a resistance level of $ 13.7.
the Stochastic RSI highlighted oversold conditions for the cryptocurrency, with its price noticing a small rebound on September 19. However, this was just further proof of the fact that the bears hadn’t given up their control over DCR. The DCR price reacted to the oversold conditions by rising from $ 12.64 to $ 13.09, a rebound of 3.5%.
DCR is likely to drop further towards its support at $ 12.2.
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