Avalanche, Algorand, and NEAR Protocol Price Analysis: 19 May - Aliens: AI Crypto News & Markets Updates
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Avalanche, Algorand, and NEAR Protocol Price Analysis: 19 May

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AMB Crypto

Thu, May 19, 2022

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Aliens TLDR

The NEAR token also slipped beneath a significant level on 18 May. AVAX formed a symmetrical triangle (white) over the past week and finally broke beneath the $33 level and into the $30 demand zone (red).

The RSI dropped into the oversold territory on the hourly chart but managed to climb back up in the past few hours to show a value of 33.9.

The Fibonacci retracement levels (yellow) showed ALGO to be unable to climb past the 50% retracement level of a drop to $0.35 earlier this month.

In the past few days, the price has oscillated from $0.5 to $0.428, establishing something akin to a range.

However, this changed in the past few hours as the AO dropped strongly beneath the zero line.

NEAR has a zone of supply in the $7.5-$8 area (red box) which was an area the price reacted very bearishly in the past week.

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