Zilliqa, Kusama, Loopring, ROSE Price Analysis: 05 April
With Bitcoin hovering above its 4-hour 20/50/200 EMA, ROSE displayed a bullish edge on its technicals. But it also witnessed a bearish divergence that may lead to a near-term slowdown in its bullish rally.
On the flip side, Zilliqa and Kusama depicted a slight bearish edge on their near-term technicals. Whereas Loopring was still on the neutral side, it needed to ensure the RSI equilibrium to prevent a bullish setback.
Zilliqa (ZIL)
Source: TradingView, ZIL/USDT
For nearly seven months, ZIL faced resistance at the $0.12-mark as the sellers kept adding fuel to the alt’s bearish fire. Thus, it marked a trendline resistance (white, dashed) and plunged towards its 14-month low on 24 February.
But as the bulls were adamant about defending the $0.03-level, they turned the tide in their favor. With a stunning 414% rally from 23 March to 1 April, the alt poked the $0.22-resistance. Following this, the bulls took a back foot as the price withdrew in a falling wedge (white).
At press time, ZIL traded at $0.13895. The bearish RSI saw a swift fall from its 1 April high in the overbought region. Consequently, it lost the midline support to find a base at the 35-mark. Also, the AO touched its record low on 5 April. A potential reversal from here could be likely.
Kusama (KSM)
Source: TradingView, KSM/USDT
The recent bullish rally finally toppled its four-month-long bearish streak marked by the trendline resistance (now support, white, dashed). The selling splurge led the alt towards its yearly low on 24 February.
Since then, bulls kept testing the $139-level and entered into price discovery. As a result, it saw over 66% in the last three weeks as the bulls initiated a trend-altering rally. Now, the 20 EMA (red) offered near-term resistance for
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