TV cryptocurrency tone,
experiences a significant short -term decrease pressure, according to the Technical Analysis model of Coindesk Research.
The token has seen an intra -day drop of 4.67% to $ 3.15 to a high volume (3.65 million), although recent price action shows modest recovery attempts from lows with new resistance at $ 3.24.
The token is down 3% in the last 24 hours. The Coindesk 20 – An index of the first 20 cryptocurrencies by market capitalization, excluding staboins, the same and exchange parts – lost 3.2%.
Technical analysis
• The critical support zone established about $ 3.15 at $ 3.16, confirmed by a negotiation volume above average.
• The highest drop in prices occurred in an intraday drop of 4.67% of an exceptionally high volume (3.65 million), signaling high sales pressure.
• The resistance forming at $ 3.24, although the overall trend remains down with lower tops established throughout the period.
• Recovery model observed during the last hour, from $ 3.19 to $ 3.20, representing a gain of 0.4%.
• Net sales has a drop in price at $ 3.18, before quickly finding support and launching a high ascending trajectory.
• A new level of resistance established at $ 3.21, with lucrative postponement prices for the range of $ 3.20 where consolidation occurs.
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