Certain altcoins have been rallying while others remained range-bound, with slight depreciation in value. Bitcoin Money gained 7.4% and inched in the direction of its instant value ceiling of $782.67. Amidst rising demand, EOS logged more than 10% gain over the last day and traded close to test its immediate resistance of $6.77. Axie Infinity traded sideways and will break consolidation on the draw back, to commerce close to the assist degree of $68.62.
Bitcoin Cash (BCH)
BCH has maintained its uptrend, by registering a 7.4% rise over the last 24 hours. It was buying and selling for $781.72 at a multi-month excessive. The overhead resistance stood at $782.67. With additional upward motion, BCH might try to safe a contemporary four-month excessive.
Technical indicators suggested that the bulls could remain in action over upcoming trading sessions. MACD displayed inexperienced bars on its histogram. Relative Strength Index depicted that the altcoin was overbought. This marked the third time that the altcoin toppled over the 7% mark on the Relative Power Index since mid-August.
Bollinger Bands diverged, indicating increased market volatility. A corrective drop in costs would push BCH to commerce at $705.02. Additional layers of support rested at $672.86 and $623.37. The latter value line being the bottom worth that BCH traded at, in per week.
EOS
EOS rallied 10.1% over the past day and was trading at $6.22. Rapid resistance for EOS was at $6.77. Technical indicators for the coin signaled bullishness. Shopping for stress has been on the rise for the reason that starting of September.
As seen on the Relative Strength Index, it stood above the 75-mark, highlighting overbought conditions. Correspondingly, Chaikin Cash Circulate remained above the half-line indicating that capital inflows have remained excessive. MACD also noted green bars on its histogram.
A fall in shopping for power might drag EOS all the way down to the $5.60 assist line. A dip below $5.60 would cause the altcoin to land on $5.20, which has also acted as a propelling point for prices over the past weeks. Failing to maintain over $5.20, would push EOS to commerce close to its multi-week low of $4.53.
Axie Infinity (AXS)
AXS displayed consolidation and was trading at $82.84. During the last 24 hours, it declined barely by 1.2%.The coin was trading near its immediate price floor of $79.71. Falling under $79.71, AXS would transfer near its weekly low of $68.62.
Upon failing to sustain over the latter price line, the alt would drag below to $64.46, its four-week low price point. MACD confirmed crimson bars on its histogram, after a bearish crossover.
Awesome Oscillator displayed red signal bars. Conversely, the Relative Power Index sat above the half-line. A price reversal could cause Axie Infinity to revisit its all-time high of $92.92.
