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NEW DELHI (CoinChapter.com) — The wider crypto market recovered on Oct 5, following a late weekend rally that saw most cryptocurrencies register gains.
However, given the macroeconomic outlook, investors remain cautious of a pullback. Moreover, with Bitcoin (BTC) prices and Ethereum (ETH) prices hobbling above key support levels, confidence in the market remains low.
Several altcoins have recorded consecutive gains in the current week.
1.RUNE/USD Price Chart
RUNE prices have been moving laterally over the past few days. The crypto token gained 6.5% on Oct 3 and continued moving upward on Tuesday. However, the 20-day EMA (red wave) continues to buff RUNE’s advances.
If RUNEUSD prices break above the 20-day EMA, the token will target resistance near $1.7 before moving to target resistance from its 50-day EMA (purple wave) near $1.83 before paring gains.
Conversely, RUNE prices remain susceptible to a sell-off, which would likely result in the token testing support near $1.57. If the bearish rally continues, RUNE prices would likely end up testing support near $1.5 before recovering.
At writing, RUNEUSD was trading at $1.64, up 2.5% on the day.
2.COTI/USD Price Today
COTI prices gained nearly 17% on Oct 3, with the rally coming on the back of a nearly two-week long rally. But, the jump made the crypto token’s relative strength index into the overbought regions, clocking at 70.61 on the daily charts.
Likely responding to the overbought RSI, COTI prices fell over 7% intraday on Tuesday. If a downtrend begins, the crypto token might fall to support near $0.119. A marketwide sell-off could result in the crypto token prices falling further and testing support near $0.113, testing ascending trendline support.
Conversely, if COTI prices start increasing again, the token needs to move above immediate resistance near $0.129 before targeting resistance near $0.14, near its 200-day EMA (green wave)
3. BAT/USD Crypto Price Today
The Basic Attention token painted a picture similar to other altcoins, rising consecutively since Oct 3. But, the crypto token is still struggling with breaking above immediate resistance near $0.315, where the 20-day EMA (red wave) acts as a dynamic resistance.
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Breaking above immediate resistance might provide BAT prices the momentum needed to challenge resistance from its 50-day EMA (purple wave) near $0.34 before retreating due to corrections.
On the other hand, the crypto token prices might fall prey to sell-offs by traders looking for quick profits, pushing BAT prices to support near $0.294. A marketwide sell-off would likely see BAT prices fall to $0.275 before the token recovers.
4.QNT/USD Coin Price Chart
QNT’s price action has defied the overall crypto market downtrend. The crypto token has confirmed a bullish pattern called the rounding bottom. The pattern has a price target of $175.3, a jump of 42% from the rounding bottom’s neckline.
However, it seems traders have started selling to profit from QNT’s uptrend. As such, the token might fall to support near $139. On the other hand, if the downtrend continues, QNT prices will likely test support near $131 before recovering.
Another reason for the pullback might be QNT’s relative strength index becoming overbought. The RSI trendline reversed from overbought regions and is currently neutral with a value of 66.03.
However, if the uptrend restarts, QNT has immediate resistance near $149. Moving above immediate resistance would provide the crypto token with the momentum needed to target resistance near $158 before prices pull back.
5. LDO/USD Coin Price Today
Furthermore, LDO price action has been plagued with death crosses, with a fresh one forming between the crypto token’s 50-day EMA (purple wave) and 100-day EMA (blue wave) on the Gemini exchange.
Furthermore, the descending trendline resistance (black line) confluences with LDO’s 20-day EMA (red wave) to form a resistance confluence.
LDO prices need to break above the descending trendline resistance to challenge resistance from its 20-day EMA near $1.67. Afterward, the crypto token might target resistance near $1.86 before retreating.
Conversely, if LDO fails to start a bull run, the crypto token might fall to support near $1.47. Moreover, a marketwide sell-off could see LDO prices falling to $1.31 before recovering.
6.LUNC/USD Price Today
Terra Classic, the crypto token born in the aftermath of the LUNA-UST disaster, has been moving horizontally over the past few days. Even news of intensifying LUNC burns failed to rally LUNC prices.
After falling nearly 10% in the current week, LUNC prices have recovered slightly on Oct 5, with the token up 2.11% at writing. If the rally continues, LUNC prices might break above immediate resistance near $0.00033 before moving to target resistance near $0.00037.
On the other hand, LUNC has strong support from its 20-day EMA (red wave) near $0.0003. If immediate support fails, LUNC prices might end up testing support near $0.00027 before recovering.
7.UTK/USD Price Daily Chart
UTK prices registered a single-day gain of 31.26% on Oct 3, the crypto token’s highest since Aug 13 last year. However, the long wick on Monday’s daily candle, followed by the Oct 4’s bearish candle, indicates a strong presence of bears in the market.
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UTK prices risk falling to support from its 50-day EMA (purple wave) near $0.116. Moreover, a marketwide sell-off might see the crypto token testing support below its 20-day EMA (red wave) near $0.11 before recovering.
The recent uptrend helped UTK break above multi-week descending trendline resistance (black line). If UTK prices continue moving upward, the token would first target resistance from its 100-day EMA (blue wave) near $0.13.
Moving above immediate resistance might help UTK prices challenge resistance near $0.136 before retreating.
8. LINK/USD Price Daily Chart
LINK prices have been charting higher lows since June, indicating strong bullish momentum in the long term. LINK prices have immediate resistance near $8.06, which has resisted the token’s price action since Aug 18.
A move above the key resistance level might help LINK prices challenge resistance near $8.6 before retreating.
Conversely, if the rally stalls, LINK prices might fall to a support confluence of 20-day EMA (red wave) and 50-day EMA (purple wave) near $7.5. A marketwide sell-off might result in the crypto token testing support near $7 before recovering.
LINK’s recent price action suggests a downtrend might result in the token’s prices testing the ascending trendline support.
9. PYR/USD Coin Price Today
PYR prices have been trending upwards for a couple of weeks. However, PYR’s relative strength index might dampen the uptrend as it approaches the overbought threshold with a value of 64.59 on the daily charts.
Traders often consider an overbought RSI a sell signal. PYR prices might react to an overbought RSI and fall to immediate support near $3.9. However, the token has strong support coming from a confluence of 20-day EMA (red wave) and 50-day EMA (purple wave) near $3.6.
Meanwhile, PYR’s 20-day EMA seems poised to cross above its 50-day EMA (purple wave) to form a bullish pattern called the golden cross. Often considered a buy signal, the pattern might help PYR prices conquer resistance from its 100-day EMA (blue wave) near $4.25.
A sustained rally might see the crypto token challenge resistance near $4.6 before retreating.
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The post Crypto Market Price Today: RUNE, COTI, BAT, QNT, LDO, LUNC, UTK, LINK, PYR appeared first on CoinChapter.