As BTC touched $ 52,000 before moving to $ 55,000, Bitcoin liquidation in the last 24 hours reached the level of $ billion.
Polkadot reversed drastically, while Cosmos dropped below the $ 25 support level. Enjin’s $ 3 consolidation was interrupted.
The price formed a symmetrical triangle pattern and climbed to the top, but the sharp turnaround forced the bullish sentiment to reassess in the short term.
OBV has been forming lower peaks in the past few days, and it seems to break that trend as the price moves to the top of the model. However, in recent hours, price action has completely reversed and the $ 32 level is in question.
The stochastic RSI was heading towards the oversold zone even at 4 hours, and a jump to $ 40 could be seen within the next or two days. Whether more gains can be achieved remains to be seen.
ATOM also saw a long, sharp bearish candlestick like the rest of the market. The Directional Movement Index was showing an uptrend that weakened as the price approached $ 28, which meant a decline to $ 26 or $ 25.1.
The drop to $ 19 before bouncing to $ 21.6 at the time of writing signaled excessive volatility. Despite the decline, Chaikin Money Flow was on the verge of passing below +0.05 to mark the balance between the flow of capital entering and leaving the market.
ENJ crossed the 78.6% retracement level in the last hours before some demand rose above the $ 2.45 level in driver prices. The RSI was swinging around neutral 50 to signal consolidation at the $ 3 level but fell into the oversold zone in the most recent closed trading session.
The price pulled back above the $ 2.5 level, but yet this move cannot be said to be safe. The 20 EMA (white) has passed below the 50 EMA (yellow), and a $ 2.78 move and retest may indicate the beginning of an improvement.