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Stellar Lumens, BitTorrent Token, FTX Token Price Analysis: 03 April

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Source: Pixabay

Stellar Lumens flipped an area of supply to demand and looked to climb toward $0.5. BitTorrent Token was strongly bullish on the charts, and FTX Token approached all-time highs as well.

Stellar Lumens [XLM]

Stellar Lumens, BitTorrent Token, FTX Token Price Analysis: 03 April

Source: XLM/USD on TradingView

Stellar Lumens broke out past a region of supply at $0.42-$0.44 with strong upward momentum and significant trading volume, and also retested it as a region of supply. This was a bullish development, and XLM has tested the resistance at $0.458 twice already in the past few days.

The MACD showed bullish momentum was still going strong. The $0.458 and $0.5 levels are the next resistance levels to watch, while support lies at $0.438.

BitTorrent Token [BTT]

Stellar Lumens, BitTorrent Token, FTX Token Price Analysis: 03 April

Source: BTT/USDT on TradingView

BTT was at a point where the Fibonacci extension levels required extension levels of their own. Presented in yellow are some extension levels for BTT’s move up from $0.001 to $0.003, and the next few days could see BTT reach as high as $0.0089.

The OBV was in a steady uptrend, and this showed demand from buyers greatly outweighed selling pressure. Another thing that BTT bulls would look on favorably is the Supertrend indicator. It showed a buy signal and highlighted a stop-loss level.

The indicator wasn’t flat but actually moving upward with the price, which isn’t a signal by itself but rather a hint that there is room for further gains.

FTX Token [FTT]

Stellar Lumens, BitTorrent Token, FTX Token Price Analysis: 03 April

Source: FTT/USD on TradingView

The 20-period EMA (white) crossed over above the 50-period EMA (yellow) a few days ago, and FTT has made steady gains as it rose past the $37 level.

Rising above $42 is special- it is close to the ATH at $43.5. The previous month has seen a pullback and given the market some time to gather steam for a move upwards. A move above $43.5 could see FTT reach $50 or higher in the coming weeks.

A dip back to $41.87 and $40.15 is possible and would be a buying opportunity.

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Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.