Bitcoin and Ethereum have slightly reversed their profits over the past 24 hours. The same pattern was seen for the movement of most altcoins. Dogecoin fell 2.2%, preparing to get closer to its $ 0.273 floor price. FTX Token started trading below its support level of $ 49.24 due to the 2% decline since yesterday.
Ethereum lost 0.9% and was trading at $ 3,208.36. The Alt-King was trading just below the $ 3,235.61 support level and a decline from current price levels would push prices to the $ 3,083 floor. .
Purchasing power fell as Relative Strength Index just under the 50 mark. MACDThe green bars in the histogram decreased during the last trading sessions.
Last, Great oscillator noticed small red signal bars indicating a weakening of the recent recovery. If ETH reverses its prices, the initial resistance was at $ 3,235.61 and $ 3,350.87, respectively.
Dogecoin was down 2.2% in the past 24 hours to trade at $ 0.281. The token eyed its immediate support level of $ 0.273 and with a sustained downward move the coin could rest at $ 0.240. According to the indicators, the bullish strength had fizzled out of the market.
Profit-taking slowed them down Relative Strength Index below the center line. Green bars on the MACD Histogram decreased during the last trading sessions.
Bollinger bands indicated restricted and area-bound movements when tightening the straps. The expected trading range was between $ 0.300 and $ 0.273. On the other hand, if DOGE rebounds it would see resistance at $ 0.320 and then $ 0.347.
FTX token (FTT)
FTT was trading at $ 47.81 after falling 2% on the previous day. The coin fell below the $ 49.24 support line just 24 hours ago. In the event of a downward thrust, additional support lines were at $ 43.72 and $ 34.18. FTT’s bullish momentum appeared to have stopped as reflected in the parameters.
Purchasing power has decreased since Relative Strength Index was below the 50 mark. MACD smaller green bars in the histogram flashed as bullish strength weakened during recent trading sessions.
Vice versa, Chaikin money flow stayed above the half-line, within the bullish range, as capital inflows exceeded outflows. If the FTT manages to break the $ 49.24 resistance level and trade above it for more than a few sessions, it could retest the $ 53.41 price cap.