ONTSince July 2019, the ONT price has been trading in a range between 7,000 and 10,500 satoshis, having validated both the support and resistance areas several times. At the time of writing, the price had reached the support area of the channel and increased slightly. There is a significant bullish divergence developing in the weekly RSI that indicates that the price will move upward. However, the preceding two bounces have created lower highs, indicative of weakness. Therefore, we cannot state with certainty that the price will increase all the way to the resistance area or break out. However, it seems certain to move toward the middle of the range at 8,800 satoshis.
- The price is trading in a range between 7,000 and 10,500 satoshis.
- The weekly RSI is bullish.
MATICThe MATIC price has been following an ascending support line since Aug. 5, 2019. A very important price level is found at 250 satoshis, an area that acted as resistance from December until March 3, 2020, when the price finally broke out. The price has returned to validate this level as support and bounced upward on March 10. The most likely movement from here would be a test of the 310 satoshi resistance area, also the 0.382 fib level of the entire previous decrease.
- The price is following an ascending support line
- There is support and resistance at 250 and 310 satoshis, respectively.
ALGOThe ALGO price has found support above its 200-day moving average (MA) at 3,250 satoshis. This is the same level that initiated an upward move on Feb. 17. The closest resistance area is found at 3,850 satoshis, and it looks as if the price will get there. However, the daily RSI has fallen below 50 and could get rejected by the line if the price also gets rejected by the resistance area.
- The price is trading in a range of between 3,250 and 3,850 satoshis.
- It has found support above the 200-day MA.
BANDThe BAND price has found support above 4,450 satoshis, which is also the previous breakout level. The price bounced inside this support area yesterday and has followed that up with the creation of a bullish engulfing candlestick. The next resistance area is found at 5,800 satoshis. As long as the price stays above the previously mentioned support area and the daily RSI is above 50, we are expecting the price to reach the resistance area and possibly make a breakout attempt.
- There is support at 4,450 satoshis.
- There is resistance at 5,800 satoshis.
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions.