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Polkadot, Ontology, Bitcoin SV Price Analysis: February 21

Polkadot showed a bearish divergence in a shorter time frame and saw a slight dip towards $ 38. Ontology looked like it was on the verge of a big rally again, while Bitcoin SV saw a support level shifted to resistance at $ 240.

Peas [DOT]

Polkadot, Ontology, Bitcoin SV Price Analysis: February 21Polkadot, Ontology, Bitcoin SV Price Analysis: February 21

Source: DOT / USDT on TradingView

Over the one hour period, a bearish divergence between price and momentum was observed, and thereafter, DOT faced a correction. This decline was halted at $ 38.19, and the coin could see further gains again.

The RSI did not move below the neutral 50 line to indicate that the upward momentum was holding even in the short-term time frame. OBV has fallen over the past two days, but the long term OBV trend is still in favor of buyers.

Below the $ 38 level, DOT can expect to find support at $ 34. However, such a drop is unlikely to occur in the next few days.

Ontology [ONT]

Polkadot, Ontology, Bitcoin SV Price Analysis: February 21Polkadot, Ontology, Bitcoin SV Price Analysis: February 21

Source: ONT / USDT on TradingView

ONT formed a bull flag pattern, with the descending channel (cyan) forming the flag. A breakout of this pattern would set a target of $ 1.8 for ONT bulls to hit.

That said, the flag descent measures nearly a third of the value of the previous value increase. Any further loss to ONT below $ 1.38 would likely invalidate the flag set.

The directional movement index shows a strong uptrend in progress. While the ADX (yellow) is moving well above the value 20.

Bitcoin SV [BSV]

Polkadot, Ontology, Bitcoin SV Price Analysis: February 21Polkadot, Ontology, Bitcoin SV Price Analysis: February 21

Source: BSV / USDT on TradingView

Bitcoin SV faced severe opposition at the $ 270 price bracket. Last month, Bitcoin SV had gone above $ 280 but not above $ 300. The previous month’s rejection at $ 300 saw BSV slide to $ 160. And it could be repeated in the coming weeks.

Over the next few hours, we can expect BSV to retest the resistance at $ 237. And it is moving towards $ 215. The Awesome Oscillator and the MACD showed that the bearish momentum is on the rise.

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