At the time of writing, MATIC is up 10%. 20% over the past day. MATIC's positive daily price trend has turned it into a positive weekly performer as its price has also gained 6.12% over the past seven days. Currently, MATIC is trading at $0.886. MATIC's daily trading volume also increased by 83.43%, 194%, to $052,073.
The MATIC/USDT daily chart is sending out several bearish signals. The first bearish sign is located at the Relative Strength Index (RSI) line below the RSISMA line. Also, try to break out. After the failure of the RSISMA line, the RSI line is also focusing on the oversold area.
Another bearish sign is the MACD line touching the MACD power line - the upper edge above the MACD power line in the process.
The last thing investors need to pay attention to is the price of MATIC compared to the 9 Simple Moving Average (SMA) lines. When the MATIC price is slightly higher than the 9SMA peaking in the price increase channel, the line is not as good as the price.
Avalanche (AVAX) is up 99 hours in the past 24 hours. However, its weekly performance is still in the red as its price is down 10%.14% in the past 7 days. At the time of writing, AVAX was trading at $23.01. AVAX daily volume also increased by 109.52%, totaling $846,086,138.
After AVAX dropped below both lines for the past five days, the price rose above the daily 9 and 20 EMA lines. However, the performance parameters show that AVAX cannot maintain the upper level of 2 EMAs for a long time.
The first indicator that the price of AVAX may fall is the MACD line touching and almost crossing below the MACD power line. MACD The past few days, the slope of the bar chart is negative - decreasing.
The 9EMA line is still above the 20EMA line, indicating that AVAX is in a bullish cycle, but in the short-term bullish period of AVAX itself, since the price reached its peak, the gap between 9 and 20EMA has been decreasing.
If MATIC closes in the green today, the bearish thesis would be invalidated.
After a 9% increase in 24 hours, the price of ATOM is $10.25. This also makes for a positive weekly performance, with ATOM price up 2.98% for the week. However, ATOM did see a daily volume drop of 2%.75% compared to the previous day. The current daily trading volume of ATOM is 467,503,012 US dollars.
Price activity on the daily chart for ATOM has been relatively flat, with no noticeable ups and downs over the past few weeks. The MACD line is still above the MACD power line, but the gap is small.
In addition to the weak trading activity and the small gap between the MACD line and the MACD Power line, the RSI line failed to break above the RSISMA line and has now sloped negatively into oversold territory - below - below - the RSISMA line. This is a bearish sign that investors and investors need to pay close attention to.
