Ethereum, Dogecoin and FTX Token Price Analysis: 29 August


Bitcoin and Ethereum reversed their positive aspects barely during the last 24 hours. The identical sample was mirrored for the motion of most altcoins. Dogecoin dropped by 2.2% and ready to maneuver nearer to its $0.273 value flooring. FTX Token began to commerce beneath its $49.24 help stage owing to the two% dip since yesterday. 

Ethereum (ETH)

Ethereum, Dogecoin and FTX Token Price Analysis: 29 August

ETH/USD, TradingView

Ethereum was down by 0.9% and was buying and selling at $3,208.36. The alt-king was buying and selling proper beneath the $3235.61 help stage and a dip from the present value stage would push costs all the way down to the $3083 value flooring. . 

Shopping for energy fell as Relative Energy Index stood barely beneath the 50-mark. MACD’s inexperienced bars on the histogram had been receding over the previous buying and selling periods.

Lastly, Superior Oscillator famous small purple sign bars indicating a weakening of the current restoration. If ETH reverses its costs, the primary resistance was at $3235.61 after which at $3350.87 respectively. 

Dogecoin (DOGE)

Ethereum, Dogecoin and FTX Token Price Analysis: 29 August

DOGE/USD, TradingView

Dogecoin declined by 2.2% during the last 24 hours and was priced at $0.281. The token eyed its rapid help stage of $0.273 and with a continued downward transfer the coin might relaxation on $0.240. As per the indications, bullish energy had fizzled out from the market. 

Revenue-taking dragged the Relative Energy Index beneath the mid-line. Inexperienced bars on the MACD histogram declined over the previous buying and selling periods. 

Bollinger Bands pointed at constricted and vary certain motion with the tightening of the bands. The anticipated vary to commerce inside, was between $0.300 and $0.273. On the flip aspect, if DOGE recovers, it might witness resistance at $0.320 after which at $0.347.

FTX Token (FTT)

Ethereum, Dogecoin and FTX Token Price Analysis: 29 August

FTT/USD, TradingView

FTT was buying and selling at $47.81 after declining by 2% during the last day. The coin broke beneath the $49.24 help line simply 24 hours in the past. In case of a downward push, further help traces stood at $43.72 and $34.18. FTT’s bullish momentum appeared to have halted as mirrored on the parameters. 

Shopping for energy fell, as Relative Energy Index stood beneath the 50-mark. MACD flashed smaller inexperienced bars on the histogram, as bullish energy receded during the last buying and selling periods. 

Conversely, Chaikin Cash Move stayed above the half-line, contained in the bullish territory as capital inflows exceeded outflows. If FTT manages to topple over the $49.24 resistance mark and commerce above it for longer than only a few periods, it might retest the $53.41 value ceiling. 



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