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Tether price suffers from negative pressures - Forecast today - 23-09-2024

Economies.com
2024-09-23 11:54AM UTC

Tether USDt currency price dipped in the intraday levels with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels, and amid the dominance of sideways trading in the short term.

 

Therefore we expect more losses for the price, targeting the main support at $0.99854, provided the pivotal resistance of $1.00100 holds its ground.

 

Trend forecast: Bearish

 

EOS price leans on SMA support - Forecast today - 23-09-2024

Economies.com
2024-09-23 11:54AM UTC

EOS’s currency price (EOS/USD) inched down in the intraday levels while gathering momentum to rise anew, as it also vented off overbought saturation in the RSI with negative signals coming out of it, with the stock thus leaning on the support of the 50-day SMA, amid the dominance of the upward correctional wave in the short term, and after the stock was buoyed by piercing the main downward medium-term trend line.

 

Therefore we expect the price to return higher, targeting the pivotal resistance of $0.6157, provided it settles above $0.4740.

 

Trend forecast: Likely Bullish

 

Ethereum price (ETHUSD) forecast update - 23-09-2024

Economies.com
2024-09-23 08:57AM UTC

Ethereum price (ETHUSD) settles above 2623.77$ level, to keep the bullish trend scenario valid and active for today, affected by the previously completed double bottom pattern, reminding you that our next targets reach 2775.00$ followed by 2905.28$ levels, while achieving them requires holding above 2623.77$.

 

The expected trading range for today is between 2570.00$ support and 2800.00$ resistance.

 

Trend forecast: Bullish

Bitcoin price (BTCUSD) forecast update - 23-09-2024

Economies.com
2024-09-23 08:56AM UTC

Bitcoin price (BTCUSD) finds difficulty to surpass the intraday bullish channel’s resistance line, to show some bearish bias and press on the key support 63495.00$, which urges caution from the upcoming trading, as settling below this level will push it to test the bullish channel’s support line around 61190.00$ before any new attempt to rise.

 

Therefore, it is important to monitor the price behavior at the current areas, noting that surpassing 64000.00$ barrier will reinforce the chances of resuming the main bullish trend that its targets start at 65480.00$ and extend to 66800.00$ followed by 68475.00$ after surpassing the first level.

 

The expected trading range for today is between 63000.00$ support and 67200.00$ resistance.

 

Trend forecast: Bullish