IOTA price suffers from negative pressures - Forecast today - 09-01-2025
IOTA’s currency price (IOTAUSDT) fell in the intraday levels, amid the dominance of the downward correctional wave in the short term, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the price, targeting the support of $0.2528, provided the resistance of $0.3998 holds on.
Trend forecast for today: Bearish
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Polygon price readies to pierce current support - Forecast today - 09-01-2025
Polygon’s currency price (MATICUSDT) edged lower in the intraday levels, readying to breach the current support of $0.4400, amid the dominance of the main downward trend in the medium term, with negative pressure due to trading below the 50-day SMA, while a negative divergence forms in the RSI after reaching overbought levels compared to the price’s movements, sending out negative signals.
Therefore we expect more losses for the price, provided the aforementioned support of $0.4400 was breached, thus targeting the next one at $0.2870.
Trend forecast for today: Bearish
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Hedera price leans on SMA support - Forecast today - 09-01-2025
Hedera’s currency price (HBARUSDT) fell in the intraday levels, amid negative signals from the RSI while gathering positive momentum to rise anew, as it leaned on the support of the 50-day SMA, while the RSI reached oversold levels, amid the dominance of the main upward trend in the short term.
Therefore we expect the price to return higher, targeting the first resistance of $0.33894, provided the support of $0.24381 holds on.
Trend forecast for today: Likely Bullish
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Zcash price breaches upward secondary trend line - Forecast today - 09-01-2025
Zcash’s currency price (ZECUSDT) kept falling in the intraday levels amid negative pressure due to trading below the 50-day SMA, with negative signals from the RSI despite settling at oversold levels, thus breaching the upward secondary trend line in the short term, and doubling negative pressures.
Therefore we expect more losses for the stock, provided it settles below the resistance of $55.08, targeting the first support at $45.39.
Trend forecast for today: Bearish
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