Home Coins Cardano (ADA) Stellar Lumens, BAT, Compound Price Analysis: 03 October

Stellar Lumens, BAT, Compound Price Analysis: 03 October


The crypto-market’s losses did not end with September, with the month of October noting further losses. In the short-term, many crypto-assets on the charts were dominated by bears. Stellar Lumens was among them as its every bounce was met by selling pressure. BAT was unable to shrug off bearish pressure too as it fell through a level of support following its recent drop. Further, Compound continued to struggle under a month-long bear trend.

Stellar Lumens [XLM]

Stellar Lumens, BAT, Compound Price Analysis: 3 October

Source: XLM/USD on TradingView

A bearish divergence was exhibited by XLM, immediately prior to its slump. The cryptocurrency’s price made a higher high while the momentum indicator (RSI) made a lower high, highlighted in orange.

At press time, the RSI showed a value of 42 and, along with the price, was likely to drop further. XLM can be expected to find support at the $0.066-level.

The 100 SMA (pink) was moving above the price, showing that the bearish trend for the crypto-asset was well established. This moving average can also be expected to act as resistance, alongside the $0.074-level.

Basic Attention Token [BAT]

Stellar Lumens, BAT, Compound Price Analysis: 3 October

Source: BAT/USD on TradingView

Basic Attention Token was moving within an ascending channel as it sought to flip the level of resistance at $0.24 to support. BAT sailed past its resistance, but crashed even quicker to climb to $0.211.

It also noted a minor pullback to $0.224, but the bears were in the driving seat as they drove BAT towards support at $0.2.

The OBV noted rising buying volume with the higher lows (white) on the brief uptrend before the selling volume (purple) undid most of the gains.

The OBV would have to post a higher low and higher high before it can be said that buyers’ interest was back in force in the market. In the near-term, the path of least resistance was to the downside.

Compound [COMP]

Stellar Lumens, BAT, Compound Price Analysis: 3 October

Source: COMP/USDT on TradingView

The drop from its highs of $262 in early-September was the beginning of the downtrend COMP has traded within since. The past month saw the Directional Movement Index indicate a strong trend in progress.

But, every such indication showed only a bearish trend in progress, and it was in evidence once more at press time. The ADX (yellow) surged above 20, highlighting the strength of the trend. The -DMI (pink) stayed above the +DMI (blue), denoting bearishness.

COMP has lost multiple levels of support and it could be set to continue seeing selling pressure.



Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
474FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,554FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.19
GBP
1.30
CHF
1.11
NOK
0.11
JPY
0.01
CAD
0.76
AUD
0.71

Most Popular

Cybercrime task force monitoring the global digital financial system

The United States faces a growing threat of transnational cybercrime, particularly against its financial system. In what may be the largest prosecution of...

Bitcoin whale clusters pinpoint 3 key levels for BTC price rally to continue

According to Whalemap, there are three major Bitcoin (BTC) whale clusters in the near term that might serve as key technical levels. The $11,857,...

The unluckiest DeFi protocol? A personal take on bZX’s tumultuous year

Decentralized finance platform bZX has frequently been in the spotlight this year, only not for the right reasons. Most DeFi platforms popular today,...
bitcoin
Bitcoin (BTC) $ 13,075.84
ethereum
Ethereum (ETH) $ 414.89
ripple
XRP (XRP) $ 0.255840
tether
Tether (USDT) $ 0.999424
bitcoin-cash
Bitcoin Cash (BCH) $ 275.69
bitcoin-cash-sv
Bitcoin SV (BSV) $ 168.81
litecoin
Litecoin (LTC) $ 58.64
eos
EOS (EOS) $ 2.65
binancecoin
Binance Coin (BNB) $ 30.66
okb
OKB (OKB) $ 4.46
tezos
Tezos (XTZ) $ 2.23
leo-token
LEO Token (LEO) $ 1.25
cardano
Cardano (ADA) $ 0.109067
monero
Monero (XMR) $ 128.43
stellar
Stellar (XLM) $ 0.084479
chainlink
Chainlink (LINK) $ 12.73
huobi-token
Huobi Token (HT) $ 4.50
tron
TRON (TRX) $ 0.026824
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 72.42
neo
NEO (NEO) $ 18.17
iota
IOTA (MIOTA) $ 0.285173
nem
NEM (XEM) $ 0.108009
zcash
Zcash (ZEC) $ 63.51
maker
Maker (MKR) $ 602.69
paxos-standard
Paxos Standard (PAX) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 5.50
vechain
VeChain (VET) $ 0.012233
true-usd
TrueUSD (TUSD) $ 0.999714
ftx-token
FTX Token (FTT) $ 3.92
kucoin-shares
KuCoin Shares (KCS) $ 0.906439
waves
Waves (WAVES) $ 3.38