Bitcoin has stalled near $9,100 over the past five days, moving sideways as the weekend approaches. Most alternative coins trade lower this morning, though Stellar and Algorand climb. VeChain fell 4.
Bitcoin has stalled near $9,100 over the past five days, moving sideways as the weekend approaches. Most alternative coins trade lower this morning, though Stellar and Algorand climb.
VeChain fell 4.9% in the past day and now trades at $0.0183. The token had been a July standout, with buyers pushing toward $0.020. Buyers met resistance at $0.0194 and halted their push. If selling picks up, the price could slide to support near $0.01760.
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On the 4-hour chart, the Parabolic SAR has moved above price candles, pointing to downward momentum. The 50-day moving average sits above the current price. The MACD and RSI both show strong selling interest, and bearish divergence has formed. RSI dipped below 50. Buyers would need to push it above 45 to regain control around $0.018.
Stellar bounced 9% over the past 24 hours and now trades at $0.10106. Four of five days this week have closed green on the daily chart. Price touched $0.103 earlier and could climb higher if momentum persists. The RSI has reached overbought territory. If sellers take over, the first level of support sits at $0.094, with the 78.6% Fibonacci retracement at $0.080.
Algorand surged more than 21% in the past day to reach $0.38, a new high in months. The token jumped over 50% in seven days. Coinbase added it to the main platform, and the exchange plans EUR and GBP trading pairs. Algorand now trades at $0.355. Buyers face resistance at $0.39; sellers would find support at $0.3215.
The 4-hour chart shows the Parabolic SAR below the candles, signaling continued buying pressure. The MACD backs the bullish case, though the RSI reached overbought levels.
MiningPool content is intended for information and educational purposes only and does not constitute financial, investment, or legal advice.
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