Polkadot, EOS, Enjin Price Prediction: 15 March

Gains on Polkadot were capped at the $38.23
resistance level and low volatility meant that an upwards breakout was not likely in
the short-term. EOS was rejected once again at the 38.2% Fibonacci
level, while ENJ showed signs of a minor pullback from record levels. Resistance at $38.23 formed a formidable upper
ceiling as gains on the world’s fifth-largest cryptocurrency, Polkadot, were largely capped
at the aforementioned mark since the price bounced back from $28.67 support. At the time of writing, the Bollinger Bands
were constricted and showed low volatility as the price moved between $38.23 and $35.08. The ADX Indicator moved flat from slightly
above the 10-mark and showed a weak trend in the market. Consolidation between the present channel
could be considered a bullish development as the price was just 15% off from its local
high of over $42.

The 24-hour trading volume can be observed
over the coming sessions for an upwards breakout from the channel. The 38.2% Fibonacci retracement level lay
at $4.1 for EOS, and a move towards this point was met with swift rejection by the sellers. A sell-off over the last 24 hours saw the
price move back towards the 23.6% level. The RSI nosedived from the overbought region
and continued its descent at the time of writing as the bulls lost control of the market. The Awesome Oscillator’s red bars were on
the verge of moving below the half-line. The current level has served as a strong base
for EOS in its attempt at a recovery, and the same can be expected moving forward as
well. A break above the overhead resistance would
once again rely on bullish cues from the market leaders. Ignoring bearish cues from the broader altcoin
market, Enjin Coin climbed by a stunning 42% in the last 24 hours and traded at its ATH
at press time. Gains over the past 30 days now amount to
a staggering 345% and come at a time when most other altcoins were consolidating on
their respective charts.

The MACD line continued to move well above
the signal line, while the histogram noted strong bullish momentum. The RSI did, however, show a saturated market
and signaled a pullback. A doji candlestick on the 4-hour timeframe
cautioned a correction as well. Such a case would likely see ENJ fall towards
its first line of defense at $2.25..

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