Polkadot[DOT]
Although Polkadot had a shaky start to the moon, prices have risen in the past three days with market leader Bitcoin. Overall, the crypto asset has been in an upward trend since the beginning of November, reaching higher lows. DOT is currently leading the chart with the highest earnings in the past seven days, up about 70% during this period. The big question is - will we see a fix soon? The indicators on the DOT show otherwise, which implies that prices may continue to scale past milestones in the near future.
The Relative Strength Index marks an upward trend as prices have been trading in the overbought territory for some time. Usually, after trading in this zone, prices will move downward, but in this case they may stay in that zone for the next few sessions as buying pressure increases. If a reversal occurs and the index falls, prices could test the support at $ 7.65.
The Awesome Oscillator underlined the rise as the green bars rose in length above the Zero line.
VeChain [VET]
Like Polkadot, VeChain has been in an upward trend since the beginning of November. However, the price appears to have declined since meeting resistance of $ 0.02. At the time of writing, VET was trading at $ 0.018, down over 3% in the past 24 hours. Some indicators show that the selling pressure may continue to lower prices in the short term.
The MACD showed a downward trend as the bears demonstrated their dominance in the market, as a sign that prices may drop in the coming period. If VET falls, support prices of $ 0.0138 may provide some relief.
Chaikin Money Flow suggested that capital outflows were one of the factors responsible for the price decline, as the index moves down with prices.
NEM [XEM]
NEM has been under severe sales pressure for the past 24 hours. During this time, prices fell nearly 15% and NEM became the biggest daily loser among the top 20. After attempting to break the $ 0.236 resistance, prices declined steadily towards the $ 0.169 support. In the near term, prices may continue to decline and challenge support at $ 0.169. A sharper drop could see NEM head towards the $ 0.141 support.
Volume On Balance Sheet showed a lack of interest in the NEM market as volumes dropped during mid-December.
The dotted signs of the parabolic SAR were above the candlesticks, indicating that prices were falling.
