NEAR was one of the big movers in today’s trading session, as prices fell by almost 10% on Friday. RUNE and EOS also slipped to end the week, with the latter also dropping by double-digits in the session.
Near Protocol (NEAR)
NEAR was one of the biggest tokens to fall on Friday, as a red wave swept over cryptocurrency markets to end the week.
Following a peak of $17.12 on Thursday, NEAR/USD dropped to a bottom of $15.12 during today’s trading session.
As a result of this drop in price,
NEAR fell below its recent support level of $15.45, for the first time
since the start of the week.
Following a breakout of the ceiling
at $17.50, prices recently rose to a one week high of $17.77 on
Wednesday, however this upwards momentum was short lived.
The turnaround saw prices drop for
three consecutive sessions, leading to the 14-RSI to track at its
weakest point in over six weeks.
Now in oversold territory, bears will
likely try to push prices even lower, whilst bulls could see this as an
opportunity to buy low.
EOS
Similar to NEAR, EOS has also held firm at a recent resistance level, leading to a selloff during today’s session.
EOS/USD fell to an intraday low of $2.48 earlier on Friday, after trading above $2.84 less than 24-hours ago.
Following a false breakout of the $2.75 ceiling, EOS has gone on to fall for two consecutive sessions, with today’s decline taking us to a short-term floor.
As seen on the chart, $2.45 has
recently acted as the first line of defense for fading prices, and
should bears’ overpower this point, we could see a decline to $2.20.
Despite this, the moving averages of
10-days and 25-days respectively, have gained in proximity, increasing
the chances for a crossover.
Should this occur, plus the 14-day
RSI staying above its current floor of 48.9, then we may see prices
rebound strongly to begin the weekend.
source link : https://news.bitcoin.com/biggest-movers-near-eos-and-rune-fall-during-fridays-selloff/
