The main crypto-currencies in the market have consolidated. But in most markets, uptrends have been overtaken by downtrends. Major crypto-currencies like Chainlink [LINK], Currency [XMR]and BitTorrent [BTT] currently note the increasing pressure from sellers.
Meanwhile, Bitcoin has risen 0.8% in the past 24 hours. therefore, the price is currently trading at $ 32,144 at the time of publication.
Chain link [LINK]
According to the table above, Chainlink bounces between $ 23.64 and $ 25.02. Indeed, the current business value of the digital asset was $ 23.74. While the general market trend seemed to favor short traders.
The value moved closer to the support at $ 23.64 and the Bollinger Bands noted that the market was not as volatile as before. The signal line was above the price bars, noting an obvious downward level in the market. While the moving average of 50 is currently supporting the price at $ 23.75.
The relative strength index indicated that the asset was heading strongly towards the oversold zone.
The Monero price has also seen a long period of consolidation between $ 143.43 and $ 149.96. As the value recovered from the previous fall, it found stable territory to trade. The 50 moving average arched under the candlesticks which supported its price.
But like other altcoin markets, sellers took a position in the market and devaluation began. The RSI moved away from equilibrium, while the MACD noted an ever-changing trend.
The BitTorrent price recently peaked and immediately corrected within hours. As the price fell, the moving average of 50 moved closer to the candlestick, which allowed the price to take support from the $ 0.00034 price level.
Meanwhile, RSI noted that traders were balancing buying and selling the coin. The impressive oscillator indicated that momentum has escaped the market and should reside in the current zone at least in the near term.
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