The cryptocurrency market seemed to rally alongside Bitcoin. However, once the cryptocurrency hit ATH on the charts, it went back, as did the remaining altcoins in the market. Bitcoin’s latest price collapse also pushed many into a consolidation zone and as the price moved sideways, the trend seemed to be changing on the charts.
The volatility in the Tezos market fell again as the price remained limited between $ 2.28 and $ 2.35. The consolidation price of the digital asset was recorded at $ 2.32, at the time of press, as the market was still showing signs of bullishness.
As the price fell due to a rare correction, the trend changed to a bearish one. However, as the market improved, the value of XTZ rose steadily. This can be seen when the value of the digital asset bounced back from support at $ 2.25 and cut $ 2.89. Ever since then, the price has remained above this level of support.
A signal line of Bollinger Bands also slipped below the press time price bars, a bullish sign as it showed the price was moving higher. The market was also gaining momentum as the Awesome Oscillator it stayed above zero and the bars were rising as well, indicating growing market momentum.
The attached Wave chart showed the depreciation value of the digital asset. Although there has been significant growth, huge corrections have followed. Due to this cyclical act by the asset, the market appeared to be in conflict. The Bollinger Bands converges, a sign of low volatility and the Signal Line slipped below the price bars – an indication of a bullish market.
However, the price was clearly falling at the time of press, but the Chaikin Cash Flow stay below zero. This also highlighted the sales pressure in the Wave market.
The value of Dogecoin has seen a significant increase over time. Its press time value bounced between $ 0.00372 and $ 0.00398. The DOGE press time value was $ 0.00392 and the Bollinger Bands again diverging, signaling incoming volatility. The Signal line remained under the candlesticks, indicating that the price was rallying higher.
The Relative Strength Index was already close to the overbought zone, but was pushed down due to a correction. However, he was marching again into the over-thinking zone, at the time of writing. The cryptocurrency could rise further to touch its direct resistance at $ 0.003987.