Press "Enter" to skip to content

Crypto.com Chain {CRO}, Zcash {ZEC}, Algorand {ALGO} price analysis and plausible fate

Bitcoin

Algorand is ranked at #48 on coinmarketcap. The price declined at a rate of 9.46% in the course of the past 24-hours. The trading volume recorded is $54.912 million, whereas the supply has 307,486,265 ALGO tokens involved for now. The total market cap of Algorand is $105.580 million, and ALGO is priced at $0.343366.

Data from the ALGO/USDT chart on tradingview points to bearish pressure greatly influencing the pace of the altcoin. ALGO was oversold on 3rd, 4th, and 5th of September, as the 4-hourly RSI dipped below the mark at 30. The Relative Strength Index has managed to heal and stands at 36.12. Resistance will hold back the altcoin at $0.4183. Support lies near $0.3378.

Crypto.com Chain is ranked at #26 in the market, behind Cosmos. The price dropped slightly at a rate of 0.23% which brought the price down all the way to $0.041645. The trading volume recorded is $7.036 million, while the supply has 9,363,013,699 CRO tokens in play. Currently, the total market cap of Crypto.com Chain is $389.926 million.

CRO was briefly overbought a day ago, as the RSI reached 72. Since then the 4-hourly relative strength index has waned to reach 54.89. The Awesome Oscillator peaks linger above the zero line, though the final three bear the brown shade [representing bearish activity]. Resistance will be felt if the digital currency can breach the $0.0444 mark. Support can be found at $0.0403. This altcoin has been fluctuating in recent times [an ATH was attained in July].

Zcash is ranked at #28 on coinmarketcap. The price grew at a rate of 1.13% in a matter of hours. The trading volume recorded is $152.305 million, and the supply has 7,360,594 ZEC coins included. The total market cap of Zcash is $336.543 million. ZEC is priced at $45.72.

The 4-hourly RSI has been acting unpredictably and is at 51.01. The last few Awesome Oscillator peaks have been minute in length. Bulls are helping this altcoin progress at present. Resistance lies near $46.94, and support is established at the $44.33 mark. ZEC has a reasonable risk of being swayed by sellers yet again by next week.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.