Today's Crypto Assets rise: In a soft market, coins AB, OKB, POL rise.


After rising for five consecutive days, AB is looking forward to further gains.
OKB is trending upwards in an ascending wedge, while downside risks still exist.
POL is struggling to exceed its 200-day EMA under mild bullish pressure.
In the past 24 hours, alternative coins such as AB (AB), OKB (OKB), and POL (formerly MATIC) (POL) have performed well, as the Crypto Assets market has maintained a relatively mild attitude. Although the technical outlook for the best-performing coins remains complex, major resistance levels or bearish patterns still exist.
AB is seeking further gains in the rising trend.
AB experienced a slight decline during the news release period on Tuesday, following five consecutive bullish candles. The upward trend indicates a breakout from a consolidation phase, as well as the 100-day Exponential Moving Average (EMA) at $0.009504.
The breakout rebound target for AB is the $0.010285 resistance level marked at the close on June 25. If it can decisively close above this level, it may extend the rising trend to $0.010983.
The momentum indicator maintains a bullish bias, with the Relative Strength Index (RSI) remaining stable at a level of 77, which is in the overbought zone, indicating increased buying pressure. In addition, the rising Moving Average Convergence Divergence indicator (MACD) and its signal line show an increase in bullish momentum, accompanied by a gradually increasing green histogram bars.
On the contrary, if AB breaks below the 100-day EMA, at $0.009504, then the pullback may test the level of $0.009076, which is marked by the closing price on July 10.
OKB is facing a wedge breakout risk.
OKB has maintained an upward trend after experiencing a triple-digit rise last Wednesday. However, the price action has formed a rising wedge pattern on the 4-hour chart shared below (, highlighting the potential risk of a pullback.
As of the writing of this article, the trading price of OKB is 120 dollars, close to the apex of the wedge and the result of the pattern. If it decisively closes below the support trend line, it may test the support levels of 108 dollars and 88 dollars.
The MACD and its signal line are currently in a free falling state, with the red histogram bars rising below the zero line, indicating that bearish momentum is strengthening. The Relative Strength Index (RSI) has pulled back at the overbought boundary, suggesting that buying pressure is weakening.
On the other hand, if OKB breaks above the upward trend line near $126, it may extend the rising trend to the historical high of $142, with the bull market focusing on a potential price discovery pattern to reach the psychological level of $150.
POL is approaching a major resistance level.
POL rose nearly 1% in the latest news on Tuesday, challenging the 200-day EMA at $0.2620. The short-term rebound extended for the fourth consecutive day, approaching the supply zone at $0.2800 and the 38.2% Fibonacci level at $0.2822, which is drawn from the high of $0.7685 on December 3 to the low of $0.1519 on April 7.
If it can decisively close above the 200-day EMA, it will face resistance at the 38.2% Fibonacci level. The potential to break through this level may push the price up to the 50% retracement level, reaching $0.3417.
The momentum indicator shows a mediocre performance on the daily chart, with the RSI remaining stable at 63, while the rising MACD and signal line are close to each other.
The reversal of the 200-day EMA may test the 23.6% Fibonacci level of $0.2227.
)
#AB#
#OKB#
AB-1.17%
OKB46.47%
POL-1.32%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)