The value for Bitcoin Cash (BCH) seems to have experienced a 3.48% dip in the past 24-hours, bringing its price down to $279.37. The bears have been intensifying their selling activities to cause a depression in the value of Bitcoin Cash.
Currently, the data suggests that the bears may try and bring Bitcoin Cash close to the $261.27 mark. As the moving averages are supporting a downfall for Bitcoin Cash, alongside the RSI, the investors may start selling Bitcoin Cash soon.
The increase in the sale volume of Bitcoin Cash may bring it down to $307.88. Another strong selling activity launched by the investors would bring Bitcoin Cash’s price lower to $214.05.
While the bears continue practicing their power, the bulls may also try and build an army to push Bitcoin Cash higher. If the bulls come stronger than before, they may be able to win the round against the bears and push Bitcoin Cash up to $291.89.
From there, the investors may continue adding more fuel to their positive rally and push Bitcoin Cash up to $307.88. If the activity of the investors continues building up, then Bitcoin Cash’s price may be raised to $327.83.
Fantom’s (FTM) ship seems to be sailing in the hot waters as Bitcoin Cash as its price has also observed a 7.20% plunge. As a result, Fantom is currently down to $1.93, and from the looks of it, it may continue traveling the downslope.
The investors are constantly pulling out on their accumulations and selling FTM the moment it gathers a small rally. The current behavior of the investors has created a loop where the price of FTM is revolving between the range of $1.90 and $2.01.
However, the trend is leaning towards the negative territory, and the RSI for FTM is also visiting the same zone. In a matter of days, the investors may witness the price of FTM dive to $1.75 from the strong selling pressure of bears.
If the pressure continues building up and more investors continue withdrawing their accumulations, FTM may all to $1.56, and then to $1.35.
In case it rains money in favor of the bulls and investors start pouring in high amounts of cash, FTM may swell to $2.13. If the money keeps pouring in favor of FTM, then it may reach $2.39, and then $2.73.
For Decentraland (MANA) the situation has taken a bad turn where it is observing a 5.93% dip in price. MANA is currently sitting at $2.55 and if the bears keep going all out with their selling activity, then MANA’s price may dip to $2.35. If the dip continues, then MANA may drop to $2.11, and then $1.86.
If the bulls counter bears with their heavy purchasing, then MANA’s price may get pushed up to $2.73. If bears do not pose any threat for bulls, then they may try and hit $2.94, and $3.21 in near future.