Multiple cryptos are making significant countertrend moves. The bullish structural shift witnessed on these coins reveals the daring attitude of bulls in the overall bearish wave. Just like the repeated occurrences, their vigor seems to last only a short time due to the unyielding will of bears to sink the prices.
The Quant and Chiliz coins seem to dare the bearish order flow to ride against the trend. Uniswap attempted to put up a fight but has been knocked out by the bearish trend. MIOTA is completely silent. Huobi coin seems to just be okay with the bearish order flow.
Huobi Token (HT/USD)
The HT coin seems to show no resistance at all to the bearish order flow of the market. The bulls seem to be extremely weary as no higher highs are formed to challenge the bears. The demand level at $7.00 was easily passed through after days of low volatility on the coin. The daily candles have consistently been overshadowed by the Moving Averages during periods nine and twenty-one.
HUOBI TOKEN (HT/USD)
Current Price: $4.010
Market Capitalization: $621.76M
Trading Volume: $18,764,127
7-Day Gain: -8.56%
Chiliz bulls have summoned great courage to push higher through the current bearish phase of the crypto market. Higher highs and lows have formed since the bounce off the demand zone at $0.0008. The market shows multiple confluences to push up still. The market is currently retesting the bearish trend-line to gather more upward momentum after the breakout. The Stochastic is also oversold; this is expected to prompt a bullish tally in the market. The Moving Averages (period nine and twenty one) are supporting the uptrend on
Current Price: $0.2153
Market Capitalization: $1.30B
Trading Volume: $384,032,102
7-Day Gain: -10.3%
The Iota coin appears to be stuck since July between the resistance level at $0.370 and the support level at $0.230. The small sized candles reveal decreased volatility. IOTAUSD has fallen over 80% since the start of the year. The market is ranging in the short term and is bearish in the long term.
Current Price: $0.2778
Market Capitalization: $774.70M
Trading Volume: $11,355,477
7-Day Gain: -7.92%
Quant appears to stand out like a few other coins. The market soars freely against the bearish tide of the crypto market. The prominent breakout on Quant’s price action chart shows the strength of the uptrend. The RSI (Relative Strength Index) is in the overbought region. The market is expected to retrace to retest the descending trend line to gain more energy to push higher.
Current Price: $132.65
Market Capitalization: $1.62B
Trading Volume: $54,957,859
7-Day Gain: 12.17%
Uniswap bulls pushed hard against the bearish tide till the market reached the resistance level at $9.40. The bulls got exhausted and the market eventually yielded to the overall bearish trend. The bearish breakout alongside the bearish structural shift are factors that confirm the current downtrend on Uniswap. The Moving Averages (period nine and twenty-one) have once again dominated the daily candles to sink the market.
Current Price: $6.36
Market Capitalization: $4.85B
Trading Volume: $142,938,285
7–Day Gain: 12.46%
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