Polkadot, EOS, Coin Price Analysis: 21 November


The Crypto Fear and Greed Index noted a value of 91, at press time, having climbed to a value of 94 just two days ago. Buy the fear, sell the greed is a trader’s mantra, but FOMO can be overwhelming if BTC does climb over $20k.

Further down the crypto-ladder, Polkadot and EOS approached a level of resistance and skirted the likelihood of flipping them to support. Coin stalled its downtrend and recorded gains over the past few hours, although it was still unclear whether a trend reversal was in play.

Polkadot [DOT]

Polkadot, EOS, Coin Price Analysis: 21 November

Source: DOT/USDT on TradingView

DOT decisively broke past its psychological $5-level and approached the resistance at $5.48. The MACD showed strong bullish momentum for DOT too.

Finally, the Stochastic RSI surged into the overbought territory, before falling as DOT saw a minor pullback. However, some recovery was in order.

At the time of writing, it seemed likely that DOT would rise further to flip the $5.48-level to support in the coming days.


Polkadot, EOS, Coin Price Analysis: 21 November

Source: EOS/USDT on TradingView

EOS closed above the $2.75-level, a previous swing high, and EOS’s market bulls had the level of resistance at $2.97 as a target.

The region around $3 has been of historic importance and has served as a strong region of support, as well as resistance, in the past.

The OBV posted a series of higher lows and higher highs in recent days to highlight increasing buying volume. Buyer interest lends legitimacy to EOS’s strongest gains.

A close above $3 would likely result in a flip of the level to support while a rejection at $3 would likely see a higher low formed and another attempt at breaching the resistance by the bulls in the coming days.

READ  BitMEX CTO released on $5 million bond Coin [CRO]

Polkadot, EOS, Coin Price Analysis: 21 November

Source: CRO/USDT on TradingView

CRO appeared to end its steady downtrend over the past month, a downtrend at the end of which it lost 60% of its value and dropped from $0.155 to a low of $0.063. However, the RSI remained under 50 and indicated that a downtrend was still in play.

Over the past few days, the RSI had broken above 50 and re-tested the neutral line, before surging to overbought territory. This signaled a reversal in trend, although it remains to be seen if CRO can approach previous highs, with the same appearing unlikely at the time of writing due to a lack of overwhelming buying volume.

In other news, BKEX announced the listing of Coin. The exchange boasts a daily trading volume of $500 million. The market pair listed is CRO/USDT.

About the author


Linda Hopkins

Linda is one of the oldest contributors to Sunriseread. She has a unique perspective with regards to business and technology. She aims to empower the readers with the delivery of well-written news pieces, and most importantly, she always tries to bring the news quicker to the readers.

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