Crypto Market has extended the stagnation and today’s weak emotional grip investor, and today’s market cap has shed $ 57 billion.
Some assets attracted investors’ attention. Elixir (ELX), BNB (BNB) and Arkham (Arkm) are one of the best trend assets today.
Elixir (ELX)
ELX is powered by Elixir, a modular decentralized liquidity network. It is a popular Altcoin today when it is simply traded at an early Asian trading session at a record of $ 0.75.
Since then, I have witnessed the fullback, but ELX has still risen 37% over the last 24 hours and continues to see powerful purchasing momentum.
Increasing daily trading volume emphasizes the strong demand among the participants of the field market. A total of $ 170 million in the press time increased almost 90% on the day.
When ELX continues to demand, you can expand the price rally, recover the best ever, and surpass it.
On the other hand, if the profits are soaring, the token can lose its recent profit and drop to $ 0.53.
Bnb (bnb)
BNB is another altcoin trend today. BNB, which is affected by a wider market slump, has decreased 0.1% over the last 24 hours and is currently trading at $ 549.90.
On the daily chart, the coin’s relative intensity index (RSI) is under the 50 neutral lines of 36.75. This suggests that sales pressure among the participants of the spot market increases and further reduction.
The RSI of the asset measures the overproduction of assets and the eager market conditions. It is between 0 and 100, and more than 70 values indicate that assets are under and retailed and caused by falling prices. On the contrary, the value of under 30 years of age indicates that the asset is overlooked and can soon see the rebound.
At 36.75, BNB’s RSI signals that the market is weak, but not yet in AXTROLD ZONE, which usually starts with less than 30. This suggests that sales pressure is dominant, but potential reversal or further reduction depends on the market situation.
If the sale persists, the price of the BNB can fall to $ 519.73.
But if demand is soaring, the price can reach $ 563.51.
Arkham (Arkm)
ARKM pointed out a wider market, pointing out that it increased 10% over the last 24 hours. On Tuesday, during the early transaction time of Asia, Altcoin exchanged hands before simply exchanged hands for $ 0.73 for seven days.
The reading of ARKM’s power balance (BOP) checks the market purchase pressure. This indicator compares the strength of the buyer and the seller to the prestation time.
Such positive BOP indicates that buyers can better control price fluctuations. This means that ARKM is experiencing a stronger purchase pressure, which can rise further when it persists.
In this scenario, the price can go up to $ 0.85, violating the resistance of $ 0.62.
On the other hand, if the demand is stable, ARKM can drop to $ 0.41.
disclaimer
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