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Ethereum, WAVES, Filecoin Price Analysis: 23 August

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Source - Pixabay

Ethereum maintained its uptrend as prices steadied above $3,300 on the back of a 2.7% increase. The alt could attempt to test the $3399.50 price ceiling next, a level it last touched on 18 May. Filecoin secured higher highs and rose 2.6%. On the contrary, WAVES fell by 3.1% while trading close to its $25.33 support line. 

Ethereum (ETH)

Ethereum, WAVES and Filecoin Price Analysis: 23 August

ETH/USD, TradingView

Ethereum gained 2.7% over the past 24 hours and traded at $3322.80. It eyed its immediate resistance of $3399.50. ETH had last touched this price level on 18 May.

Technicals pointed towards bullish price action for the asset. Ethereum’s buying pressure recovered over the last 24 hours from the neutral zone as the Relative Strength Index stood near the 60-mark. Green signal bars on the Awesome Oscillator grew, suggesting an uptrend. 

Bollinger Bands remained tight, indicating that Ethereum could depict a rangebound movement over upcoming trading sessions. In case Ethereum trades at the current price level for longer than a few sessions, it could fall to $2977.68 and $2724.05 support lines. 

WAVES

Ethereum, WAVES and Filecoin Price Analysis: 23 August

WAVES/USD, TradingView

WAVES declined by 3.1% and was valued at $25.78 while trading above its support level of $25.33. The coin flashed signs of consolidation as prices oscillated between $26.50 and $25.32 for the past few days. Trading at the current price level for the next upcoming sessions could push the token downward to rest on $21.85 and $18.24. 

Awesome Oscillator presented red signal bars highlighting a possible downtrend. MACD also observed red bars on its histogram. 

Conversely, the Relative Strength Index remained above the half-line, within bullish territory. In the event that WAVES breaks off its consolidation to rise above its current price level, it could attempt to test the $28.18 price ceiling. 

Filecoin (FIL)

Ethereum, WAVES and Filecoin Price Analysis: 23 August

FIL/USD, TradingView

FIL climbed up by 2.6% since the last day and was priced at $80.30. FIL continued to make higher highs on its chart and it could soon test the $82.26 immediate resistance level. Indicators for FIL remained bullish. 

Awesome Oscillator displayed amplified green signal bars in accordance with FIL’s upward price momentum. Chaikin Money Flow witnessed a hike in capital inflows as it remained above the midline at the 0.20-mark. 

Relative Strength Index dipped slightly below the overbought territory and stood at the 75-mark. A corrective price pullback cannot be ruled out though, and in that case, support lines for FIL stand at $74.98 and $65.80. 

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Anushmita is a full-time journalist at AMBCrypto with a background in Mass Communication. She is inclined towards writing about the socio-political aspects of the crypto market and also has an interest in analyzing market trends.