Both BNB and SNX Altcoins have shown bearish signals at the time of writing. The sellers keep the price under control. DCR forecast a move north after a slight drop in prices.
Binance Coin [BNB]
Source: BNB / USD, TradingView
BNB’s uptrend continues as price broke through resistance at $ 41.70. It is trading near its all-time high. They hit the upper cap at $ 44.82. Thus, the sellers again carried the price slightly lower to the immediate support. Indicators suggest that market control may fall to short-term sellers. Then we will see a rebound towards record levels on the charts.
The Stochastic RSI was trading in the oversold region, a sign that prices were bearish. An immediate drop in prices is no guarantee. Indeed, the index was still moving downwards. Which suggests that said downtrend could persist over the next few trading sessions.
The MACD the signal line was moving above the fast moving line. But the red bars of the histogram remained stable below the zero mark. This fact also indicated that prices could trade near their immediate support in the future.
Synthetix [SNX]
Source: SNX / USD, TradingView
After hitting an all-time high of $ 13.70, SNX is undergoing a minor correction which has seen prices move towards their support at $ 10.82. A spike in market leaders BTC and ETH could once again propel SNX to record levels. But for now, bearish momentum could keep prices down from their current channel.
The red bars ofAwesome oscillator go under equilibrium and pointed to the lower price.
On the other hand, the Chaikin Money Flow recorded an increase. This indicates that the capital was heading towards the crypto asset. The entries could prevent prices from falling below their current support level.
Decred [DCR]
Source: DCR / USD, TradingView
Bitcoin’s bull run has been rewarding for Decred. Indeed, DCR easily climbed the charts along with the market leader. After hitting a local high at just over $ 71, the DCR cools down slightly. The support at $ 58.24 offered relief to the price. At the time of writing, the coin’s price has risen again on the charts. It is heading towards its resistance at $ 66.86.
Therelative strength index moves down to the overbought region. Thus a slight rise suggested that prices could again trade in the upper region.
TheOn Balance Volume continued to hit higher lows, a sign that bulls may continue to push prices up in couractucrypto.
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