Dogecoin, Polkadot, Binance Coin Worth Evaluation: June tenth – AMBCrypto Information
The past 24 hours have been positive on the rebound, but no coin has seen an immediate price boom. Bitcoin rose 9.5% due to the hype surrounding the introduction of El Salvador as legal tender. But most of the altcoins could not join this train; Dogecoin, Polkadot, and Binance Coin all fell into this category.
Dogecoin [DOGE] : –
DOGE has seen its price spike in the past 24 hours. Up 6.4%, the coin was trading at $ 0.335 at press time in red. The coin was in a bull run through June 4, testing the resistance level ($ 0.42). Still, the June 4th and 7th slumps brought DOGE closer to the support level ($ 0.285). Simple moving averages Lines – 50 SMA (orange) and 100 SMA (red), both traded bearishly for the coin. This resulted in a longer wait for the coin to recover from the break-ins.
According to Squeeze momentum indicator, Squeeze Release (white dots) was still active at press time, which explained the coin’s slow recovery. However, at the time of writing, the downward pressure appeared to be easing. On balance volume had shown high buying momentum in the market and was gradually slipping towards the 98 billion mark at the time of going to press.
All indicators point to sideways movement within the above support and resistance levels.
Speckle [ DOT ] : –
DOT consolidated within strong support and resistance levels. Recent market volatility prevented the coin from breaking above $ 30.2 and falling below $ 18.78. Relative Strength Index (RSI) a strong comeback from the oversold zone as buying pressure pushed the indicator back up. At the time of writing, the indicator was seeing a slight decline above the neutral line.
With Bollinger bands still diverged, their parallel movement did not yet indicate volatility. However, since the candlesticks have moved above the base (red line) the move could continue to be positive. Great oscillator also showed that bullish momentum had built up over the past 24 hours.
These signs are favorable for a price increase. Regardless, the coin will stay within its resistance and support.
Binance coin [ BNB ] : –
Binance Coin did well earlier in the month, with the coin hovering near the resistance level of $ 435. June 4th and 7th halted that and the coin fell. BNB is recovering, but rather slowly. At the time of going to press, the price indicator was trading at $ 364 and in the red. Relative Strength Index (RSI) Slightly dipped below the neutral line at the time of writing.
MACD on the other hand, showed a bullish crossover as the indicator line moved over the red signal line. According to the Parabolic SAR, the presence of the white dashed line under the candlesticks indicated an upward trend. However, it is still too early to announce positive pricing action for the future.
The active resistance and support levels are pretty strong and right now the price could fluctuate either way. It is important to watch the BNB move.
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