Uniswap moved sideways after failing to tip its overhead resistance at $ 29.3. It was predicted that theta will rise above the USD 13.62 resistance due to bullish indicators. Finally, Litecoin would likely lose the $ 183.8 support if the bear market persists.
Some sideways movement was noted in Uniswap after the price did not tip the USD 29.3 resistance. Stochastic RSI reversed from the upper region as the price approached the above upper ceiling. This has resulted in price movements falling over the past 24 hours. Another bearish sentiment came from the fact that the candlesticks were trading below their 200-SMA (green).
With the ADX Pointing south from 13, profits in the UNI market are likely to be subdued in the coming sessions. The region above $ 31.5 has generally seen some buying activity and the bulls would try to target that level for a move towards UNI’s ATI.
During the 4 hour period, theta exhibited bullish behavior as it hit the $ 12 mark. The latest addition to the top 10 ratings, THETA maintained its position as the ninth largest cryptocurrency in the world with a market cap of $ 12.7 billion. In fact, the price of winnings would be more than MACD Line in the signal line closed. A successful crossover could see the price rise above its overhead resistance of $ 13.62.
On the bottom, Chaikin cash flow highlighted strong capital outflows as the index moved below the half-line. Given the mixed indicators, stronger signals were needed to support a spike in THETA’s ATH, especially as trading volume was subdued at the time of writing.
While Litecoin rebounded strongly and showed an upward trend from the $ 155 level, its rebound was halted when the price neared the $ 230 mark. A pullback soon followed as LTC fell all the way towards the $ 170.3 support. A bullish move was seen again at the lower levels, but the price has stabilized just above the USD 183.8 support at the time of writing.
The subdued trading volume and minimal buying activity countered a bullish short-term scenario. Actually, Stochastic RSI indicated a reversal after a bearish transition in the upper zone. MACDs The histogram also found a weakening of the pulse even when the fast moving line moved across the signal line.
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