Thursday, 19 August 2021

VeChain, BAT, EOS Price Analysis – 19 August

The previous cryptocurrency actions have BTC losing 2.0% as Ethereum suffered a 2.4% drop. With that, alternative coins are struggling to retain their recent gains. EOS had its value decreasing by 4.0%, BAT battles around its support level at $0.651, and VET was around its immediate support at $0.113.


Today's sessions had EOS falling by 4%, reversing its recent gains. While publishing this, the altcoin traded near $4.92. EOS failed to overcome its resistance at $5.36 yesterday, dropping towards the support at $4.77. According to the token's four-hour chart, EOS did not manage to maintain its bullish outlook.

Buying strength dropped as the RSI saw steady plummets from the 70-level to 40. The MACD hovered beneath the Signal line, while the Awesome Oscillator showed red bars beneath the half-line. EOS has further support at the $4.77 to $4.24 levels.

With uptrends, the coin will test the barrier at $5.36 and beyond with magnified momentum.

Basic Attention Token (BAT)

BAT had negative sentiments over the past 24 hours. That way, the altcoin lost 2.5% to trade at $0.709. As the technical indicators depict bearishness, the coin might sustain downtrends towards its immediate support level at $0.651.

The Awesome Oscillator showed red sign bars beneath the half-line, suggesting bearishness in control. On the other hand, MACD highlighted histograms, though declining, confirming incoming bearishness.

If the following sessions see price reversals, BAT will have resistance at $0.770, then $0.820.

VeChain (VET)

VET dropped by around 3.4% over the past 24 hours to trade near $0.118 at this publication. Meanwhile, the asset appears to trade near the support at $0.113 as technical indicators depict bearishness. If bears dominate, VET will test its immediate support at $0.113, then $0.103.

The Awesome Oscillator showed red sign bars beneath the half-line. The MACD supports plunging moves as it indicated red histograms after a bearish cross.

The Bollinger Bands appear to widen, though with some convergence. That indicated that the volatility might decline in the coming sessions.

Meanwhile, if bulls dominate the entire crypto market, VET will retest its resistance line at around $0.139.

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