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Polkadot, EOS, Dogecoin Price Analysis – Aug 22




As Bitcoin and Ethereum invested, some altcoins followed suit and moved south. DOT declined 4.9% and threatened to trade closer to the $ 26.74 support line, EOS despite a drop in prices showed signs of a reversal. Finally, Dogecoin fell below its resistance mark of $ 0.321 as it declined by 2.7%.

Polkadot (DOT)

PUNTO depreciated 4.9% and was trading at $ 28. Its immediate support level stands at $ 26.74. With the continued move south, the alt could rest at $ 26.74 and $ 23.31. Also, it showed signs of consolidation between $ 28.94 and $ 26.74.

DOT technical indicators also pointed to mixed trading signals. Awesome oscillator registered red signal bars, which implied possibilities of a downtrend.

In contrast to the same, although the Relative Strength Index fell out of the overbought zone, still held above the midline, within bullish territory.

Capital inflows soared as reflected in the Chaikin money flow indicator. If the DOT were to break higher, it could try to test the $ 28.94 resistance line twice in a week.

EOS

Polkadot, EOS and Dogecoin Price Analysis - Aug 22

EOS / USD, TradingView

EOS crashed above its $ 5.36 resistance mark just a couple of days ago. Despite that, the alt had depreciated on its chart by 3.5%. It was trading at $ 5.48 at press time.




Although you noticed a drop in prices, the EOS indicators remained positive. Awesome oscillator pointed to green signal bars that suggested that EOS could move higher during the upcoming trading sessions.

Relative Strength Index it was seen near the 60 mark and within bullish territory. If the aforementioned move is true, EOS could attempt to retest the $ 5.87 resistance mark.

Bollinger Bands converged, which meant that market volatility could remain low. If the alt does not rise on the charts, it could find support at $ 4.77 and $ 4.24, respectively.

Dogecoin (DOGE)

Polkadot, EOS and Dogecoin Price Analysis - Aug 22

DOGE / USD, TradingView

Dogecoin lost 2.7% in the last 24 hours and was priced at $ 0.320. It had just dropped below the $ 0.321 resistance line, as it approached the $ 0.273 support line.

Dogecoin’s four-hour chart showed a bearish price movement. Awesome oscillator red bars blinked, corroborating the bearish outlook.

Parabolic SAR it also pointed to dotted lines above the candle, implying a downtrend in alt prices. Bollinger Bands was reduced and indicated that price volatility could experience a decrease during the next trading sessions.

On the other hand, if Dogecoin experiences strengthened buying pressure, prices could target $ 0.347 again, for the second time this month.

This is a machine translation of our English version.

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TAMMY SEWELL
Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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