While market leaders Bitcoin and Ethereum rise to historical levels at the time of this writing, altcoins like NEM remained in the red zone. BSV is climbing due to bullish signals from the market, but it remains uncertain whether it will surpass the previous local peak level.

 

 

Bitcoin SV (BSV) price analysis

Bitcoin SV climbed above the 200-SMA (green) with the strength of the rally from across the market and is trading at $ 214. However, it is a question of whether BSV will surpass the local high of $ 290, a level caught during the previous Bitcoin rally in January. The Awesome Oscillator has gained momentum in the bullish direction as the green bars move above the half-level.

Finally, the Relative Strength Index slipped into the overbought territory with a seemingly belated bearish decline. While the indicators are giving bullish signals, trading volumes and buying activity will need to be higher in the next few sessions if BSV wants to move above its previous local high. In the case of a correction, the support areas are $ 196.7 and $ 189.2.

NEM (XEM) price analysis

Even after recent acquisitions, NEM was unable to convert the stubborn resistance at 33 cents into support. In fact, the bullish momentum seems to be decreasing in the market as the green bars in the MACD histogram are bullish but are decreasing in length. The Chaikin Money Flow was well below the half level, pointing to a lack of capital inflows for NEM.

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In the event of a fall, we can see support at $ 0.283 and $ 0.266. On the other hand, power across the market could push XEM above its upper ceiling.

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