Polygon price driven lower by current resistance - Forecast today - 05-12-2024
Polygon’s currency price (MATICUSDT) edged down in the intraday levels after the current resistance of $0.7555 held on, with the price gathering momentum to pierce that barrier, amid the dominance of the upward correctional trend in the short term, with positive signals from the RSI despite reaching overbought levels, while the price is boosted by trading above the 50-day SMA.
Therefore we expect the price to rise, especially if the aforementioned resistance of $0.7555 is reliably breached, thus targeting the next one at $0.9457.
Trend forecast for today: Bullish
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Zcash price tries to regain footing - Forecast today - 05-12-2024
Zcash’s currency price (ZECUSDT) gained ground in the intraday levels after collecting profits in recent trading, while venting off overbought saturation in the RSI with negative signals streaming out of it, amid the dominance of the main upward trend in the medium term, with positive pressure due to trading above the 50-day SMA.
Therefore we expect the price to rise and target the resistance of $82.80, provided the support of $58.38 holds on.
Trend forecast for today: Likely Bullish
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Flow price stalls - Forecast today - 05-12-2024
Flow/USD price (FLOWUSDT) inched down in the intraday levels on profit-taking, while gathering positive momentum to rise anew, amid the dominance of the upward short-term trend, with positive signals from the RSI despite reaching overbought levels, while benefiting from positive pressure due to trading above the 50-day SMA.
Therefore we expect the price to rise and target the resistance of $1.320, provided it settles above $1.010.
Trend forecast for today: Likely Bullish
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Cardano price returns higher - Forecast today - 05-12-2024
Cardano/USD currency price (ADAUSD) returned higher in the intraday levels amid positive signals from the RSI after reaching oversold levels, amid the dominance of the main upward trend in the short term, with positive pressure from trading above the 50-day SMA.
Therefore we expect the price to gain ground, provided it settles above $1.098, targeting the resistance of $1.412.
Trend forecast for today: Bullish
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