WAVES, Verge, Chainlink Price Analysis Today 6th August
Alts such as WAVES and LINK registered flat price activities despite BTC recording a 5.2% hike on its daily price chart. LINK remained calm with no actions, indicating slight bearishness. Also, WAVES appeared to follow such moves.
Contrarily, Verged surged 4% and indicated more rises in the coming sessions.
Chainlink (LINK)
While writing this, Chainlink trades at $23.46. Keep in mind that the token rejected the $24.99 resistance again over the past few days. Meanwhile, the altcoin has its local support area at $23.30 at this publication. However, if LINK continues to hover around this zone in the coming few session, the asset might see a dip, pushing LINK down towards $21.54.
Technical indicators suggest bearishness in store for LINK. The Awesome Oscillator noted red sign bars. Moreover, the MACD indicators showed red histograms surfacing.
However, the RSI noted a slight surge, implying buying pressure.
WAVES
Though WAVES surged by 1.8%, the altcoin experienced massive consolidation when confined in the range from $16.26 to $15.58. If WAVES manages to break from the lateral movements, it will have its paramount resistance at $16.81. However, increased losses will see the alternative asset settling on the support area at $15.58.
WAVES registered mixed signs as the technical indicators remain indecisive as far as the coin’s direction is concerned. For example, the Awesome Oscillator shows both green and red flags intermittently. Also, the MACD indicates green histograms surfacing.
The Bollinger Bands restricted the coin’s movements inside a price band as they remain narrow.
Verge (XVG)
XVG had its value gaining by almost 4% over the past day. However, the altcoin failed to overcome the resistance zone at $0.025 even after trying twice. Verge had its local support at $0.022 today. However, the alt trades away from the level with chances to surge, reflecting buyers’ presence in the market.
At the moment, the network seems to experience bullishness due to the green price indicators. The MACD registered a bullish cross as the Awesome Oscillator saw increase green bars.
Meanwhile, the Bollinger Bands indicated incoming volatility for Verge. The charts showed the indicator opening up.
We have more market updates on your way. Stay around.
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