Crypto.com Coin displayed a possibility of sideways consolidation on its trading charts, indicating a slight drop in selling pressure. Marked by stiff resistance and downward price action, the Synthetix market is unlikely to witness any immediate price recovery. Dash too noted short term bearishness at press time, could soon dive back down to its support level.
Crypto.com Coin [CRO]
Crypto.com Coin was heading towards a period of price consolidation with early signals from its technical indicators confirming the same.
The digital asset displayed a reduced bearish sentiment, and could in fact maintain a neutral view over the immediate short term period, with prices staying just above the support level at $ 0.135
Although the Directional Movement Index underlined a selling pressure, the falling ADX line also suggested, the weakness in the bearish trend.
Further, the narrowing down seen in the Bollinger bands, indicated low volatility levels could be witnessed over the next few days, ruling out possibility of wide price actions on either side.