Connect with us


Binance Coin, Cosmos, Dogecoin Price Analysis: 19 March



Source: Pixabay

Binance Coin slid to $240, but was recovering back towards $277 once again, with the alt recording higher lows on the way. Further down the crypto-ladder, Cosmos broke out past $21.3 and a dip to $21.4 was quickly bought up. Finally, Dogecoin was in a short-term stasis.

Binance Coin [BNB]

Binance Coin, Cosmos, Dogecoin Price Analysis: 19 March

Source: BNB/USDT on TradingView

BNB has been somewhat indecisive in the markets over the past few days. There was a bearish retest of $280 a few days ago, and BNB sank to test $240. Subsequently, BNB saw a bounce to $257 and another move to $277, and recent hours saw the price confirm $257 as a level of support.

The Awesome Oscillator showed that momentum was not pronounced in either direction. The flip of $257 to support underlined some strength on the part of the market’s bears, and the next couple of days could see BNB retest $277 once more.

In the near future, a rejection at $277 followed by the formation of a higher low for BNB would be an indication of bullish intent.

Cosmos [ATOM]

Binance Coin, Cosmos, Dogecoin Price Analysis: 19 March

Source: ATOM/USD on TradingView

ATOM was bouncing between the $18 and 21.3-levels since early March. The past 24 hours saw ATOM break out past $21.3 with strong volume to reach $24.4. ATOM was forced to correct after the strong move, however, but momentum was still firmly in bullish hands.

The RSI was at 59, at the time of writing, while the Stochastic RSI had corrected itself from the overbought zone. ATOM saw a candlewick down to $21.47 that was pushed up a few hours ago as the session closed green, showing that there was demand for ATOM near the $21.3-support level.

The $23.38 and $25.16-levels will be the next resistance levels for ATOM.

Dogecoin [DOGE]

Binance Coin, Cosmos, Dogecoin Price Analysis: 19 March

Source: DOGE/USDT on TradingView

The Bollinger Bands Width Indicator has been dropping over the past two days, with DOGE finding a temporary equilibrium between buyers and sellers at $0.0575. The Chaikin Money Flow highlighted no net capital flows favoring either the buying or selling side, reaffirming the neutral momentum of DOGE in the markets.

The double rejection just above $0.06 over the past ten days for DOGE was a dent to bullish sentiment. As always, a significant trading volume is the best indication of a strong move for DOGE, and at the time of writing, that volume was insignificant.

Read the best crypto stories of the day in less than 5 minutes

Subscribe to get it daily in your inbox.

Please select your Email Preferences.

A Biomedical engineering graduate, Yash focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

Click to comment

Leave a Reply

Your email address will not be published.

Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.