BitTorrent, MATIC, Tezos Price Analysis – 3 September

As Bitcoin appears to correct in the price charts, the alt market registered mixed patterns. Tezos (XTZ) lost 1.8%, struggling to hold over its closest support at $5.26. MATIC dropped more than 4%, nearing the price floor at $1.38, regardless of reversal signs. Lastly, BitTorrent increased by 18.3% as it targets to explore the price zones beyond $0.0053.

Tezos (XTZ)

XTZ has its closest support at $5.26. That was after it dropped 1.8% to trade at $5.27. If the alt drop beneath its current price level, it will retest $4.30. While publishing this report, XTZ appears to mark a 1-week low.

Magnified selling pressure forced XTZ down by around 14% this week. The RSI dropped under the 50-level. On the other side, the Awesome Oscillator depicted red sign bars as the Chaikin Money Flow enjoyed a 1-week high following increased capital inflows. Without northward movements, XTZ will have its resistance at $5.75, then $6.05.


The last 24 hours had MATIC losing 4.1% of its price to trade at $1.44. The cryptocurrency has its nearest support at $1.38. Failure to hold over this area will see MATIC at the price floor located at $1.28. Keep in mind that the alt has never touched these lows since three weeks ago.

Meanwhile, the 4-hr chart had indicators printing mixed gestures. The Awesome Oscillator showed red sign bars as the MACD had green histograms. At the same time, the RSI remains in the bullish zone above 50.

If MATIC declines towards $1.38, the coin will have magnified chances to start another bull run. That is because the price level mentioned above has propelled the token over the past month. With such progress, MATIC will have its resistance zones at $1.53 and $1.70.

BitTorrent (BTT)

BTT has surged 18.4% since yesterday to trade around $0.005. That way, the asset attained a multi-month high. Since the asset’s parameters remain bullish, BTT resistance to the upside locates at $0.0053.

Meanwhile, buying pressure spiked as the RSI moves above 70 towards the overbought territory. The Awesome Oscillator shows magnified green sign bars. Other indicators show that the asset might still climb higher. However, that does not cancel possible pullbacks. The previous attempt to touch this level saw BTT declining to the support at $0.0049. If BitTorrent fails to sustain its upside momentum, it will head to the supports at $0.0049, then $0.0045.

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