The Tezos chart is going through turbulent days and has just set its sights on local peaks. However, the indicators showed that a reversal could affect prices soon. DASH soared as momentum shifted towards buyers.
Tezos (XTZ) price analysis
Tezos found bullish momentum after the price surged from the $ 2.18 support last week. After XTZ touched this support level, it rose over 30% or even touched a local high of $ 3.09. The price of the crypto will be watched carefully in the next few trading sessions, as an extended bull run could raise XTZ to August 2020 levels. Right now, the indicators have shown that there may be a retracement among the possibilities and the momentum may shift towards the sellers.
Since the Relative Strength Index is in the overbought territory, a potential reversal could result in the price falling and the price may move towards the $ 2.69 support.
However, the On Balance Volume indicator disagrees with the RSI and suggested that the increase in the number of buyers could increase the bullish trend further for several sessions.
DASH price analysis
DASH is trading at $ 127, down more than 5% in the past 24 hours. The $ 119.9 support took some break and the price started moving towards its sudden resistance in the last few trading sessions. The bullish scenario could see the price break above its upper ceiling and head towards the $ 135.6 strong resistance level. While the indicators point to an uptrend for the price to move forward, the price may need more support from the entire market to break through $ 135.6.
The MACD is in a bearish trend as it tries to catch the fast moving line Signal line. The Awesome Oscillator recorded a bullish signal and hinted that momentum may shift towards buyers in the near future.