Polkadot [DOT], Chiliz [CHZ], Algorand [ALGO], Price Analysis Prediction

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technical analysis and the latest news from the cryptocurrency world. Yes! Let's start! Many of the market’s altcoins have seen
their prices register minor hikes in the past few days after a brief bearish spell in the
market. Such was the case with popular altcoins like
Algorand, Chiliz, and Polkadot that saw their price rise by up to 8 percent in the past
24-hour time frame.

Algorand currently occupies the 39th spot
on CoinMarketCap’s list and was trading at $1.18 after having seen an 8 percent hike
on the charts in the past day’s time. The coin’s price took a hit at the start
of the past week, but if one were to examine the coin’s long-term price action, it is
clear that ALGO has been subjected to a prolonged period of consolidation. The coin continues to move between resistance
at $1.27 and support at $0.96. MACD indicator had undergone a bearish crossover
a few days back and a trend reversal is about to happen as MACD inches closer to the signal
line. RSI indicator looked fairly positive as it
continued to head toward the overbought zone. This month has been very significant for Chiliz
as the coin saw a massive surge in price. The past week, on the other hand, saw a trend
reversal as Chiliz was denominated primarily by sellers. However, things are changing as the coin continues
to move upwards once again. At the time of video editing, Chiliz had a
trading price of $0.52 and faced strong resistance at $0.79.

If the bears were to once again make their
presence felt, then Chiliz can rely on the strong support at $0.39. EMA ribbons are likely to help sustain the
current price range after having settled below the current trading price of the coin. RSI indicator had fallen below the overbought
zone but remained close to it, highlighting that the market is primarily filled with buyers
at this point in time. Polkadot’s price action in the past month
has mostly been sideways. Despite the recent minor dips, the coin endured. At the time of video editing Polkadot was
valued at $33.2 after having bounced off the support at $28.1 a few days back.

Resistance around the $39 price range continues
to be unbeaten and has arrested the coin’s bullish momentum on many previous occasions. MACD indicator and Stochastic indicator signal
an upcoming price correction. MACD indicator has undergone a bearish crossover
while Stochastic indicator has fallen well into the oversold zone – a common signal
of increasing bearishness in the market. Subscribe to our channel and open notifications
to learn more about bitcoin, altcoin, cryptocurrencies and other investment tools. İn this video references an opinion and is
for information purposes only. It is not intended to be investment advice. Every investment and trading move involves
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