- The RSI has a constant bearish divergence in relation to the BTT coin prices
- The BTT/BTC pair traded for 0.00000008275 BTC with an intraday loss of 2.38%.
- The 24 hr volume for BTT coins is $336 Million
The BTT coin rally was hit hard by a strong rejection at the $0.005 mark on September 7th, resulting in a small retracement in the technical chart. The price has now reestablished the crucial support of $ 0.0039 and is currently hovering about it for a few days now. The BTT traders will need a strong follow-up candle on either side to confirm a proper trade. As for now, the BTT coin is current price is $0.003934, with an intraday loss at 2.77%.
The crucial EMAs indicates a bullish outlook for BTT’s coin as it’s price is trading higher than the EMAs 100,and 200. Moreover, the crypto traders will obtain more confirmation if the price reclaims the 50 and 20 EMA.
The RSI value is 45 which indicates a bearish sentiment in the BTT coin. In addition, the RSI shows a strong bearish divergence regarding the coin’s price movement, suggesting the increasing strength for market bears.
BTT Coin Was Hovering Above The $0.0039
Support.
Since the last few days, the BTT coin hovered above the $35 mark, which was an attempt to get proper support at this level. However, the chart shows a narrow range created by this fluctuating movement. Thus, to confirm a trade crypto traders will need to wait for a proper breakout from this short range.
The MACD indicator (NEUTRAL), showing that the MACD and signal line are exactly in the neutral zone (0.00), indicating a neutral sentiment for this coin.
Conclusion: from the technical perspective, the overall trend for BTT coin is still bullish. However, as mentioned, the price is currently in a minor retracement phase trying to sustain above the $0.0039. The breakout from its narrow range should bring some active movement in this coin.
Support: $0.0039
Resistance $0.00425