- Bitcoin SV token is trading sideways or flat for the past few trading sessions, within the narrow range of $150-$200
- After witnessing a sharp or strong selloff, the token is now trading below all vital moving averages of 20,50, 100 and 200-Day moving average line.
- The pair of BSV/BTC is trading in green at 0.00442 BTC with intraday gains of +2.68%; whereas, the ratio of BSV/ETH is CMP at 0.0711 ETH with a 24-hours increment of +2.15%
Over the monthly chart, Bitcoin SV (BSV) is trading flat with no significant momentum on either side. The token is presently trading below all vital moving average of 20, 50, 100 and 200-day moving average, with no sign of significant recovery. The 20-SMA is acting as a short term hurdle on the higher side.
While the closing of day candle above 200 and 100-DMA will indicate the strength of the BSV Bulls, volume action over the chart is significantly lower and falls below the average volume line. Support on lower levels is at $150 and $130, whereas $210 and $290.
Bitcoin SV Token Over The Weekly Time Frame Trading Flat
Bitcoin SV token over the weekly time frame is trading flat or with more bias of bears, as the token is making lower highs and lower low. Likewise, the technical parameters are also suggesting the bearish or neutral momentum with very low volume traction. The digital asset is continuously showcasing the sideways or consolidation over the 4-hours time horizon. Presently the coin is trading at $156 levels with an intraday loss of -4.11%, and the total volume recorded in the last 24-hours is jumps over +10.12% at $673,980,398. According to the coinmaketcap, the digital asset is placed at 33rd rank with a total market capitalization of $2,943,640,140.
Relative Strength Index (NEUTRAL): Bitcoin SV token RSI is projecting Neutral momentum near the oversold zone. While trading at 35 levels.
Moving Average Convergence Divergence (MIXED): Currently projecting a mixed trend over the weekly chart. The MACD shows the seller’s line (red), and the buyer’s signal line (green) overlaps each other.
Support levels: $150 and $130
Resistance levels: $210 and $290.