Origin Protocol (OGN) has been rising along an ascending support line since July 20, but faces resistance at $1.20.
Cocos-BCX (COCOS) has broken out of a descending resistance line and is trying to move above the $0.90 resistance area.
SuperFarm (SUPER) broke out of a parallel uptrend channel but found support above $0.80.
OGN has been rising along an ascending support line since July 20. It has so far peaked near $1.20 twice, on August 16 and 23. However, it was rejected by the $1.20 horizontal resistance area.
On August 27, the price confirmed the $0.85 area as support, bouncing off the rising support line for the fourth time.
Currently, another attempt is being made to break out above the $1.20 resistance area.
is positive and upward.
Therefore, a final breakout is likely. If it happens, the next nearest resistance area will be at $1.92. This is both a horizontal resistance area and a 0.5 Fib retracement resistance level.
- OGN is rising along an ascending support line.
- Resistance is located at the $1.20 and $1.92 levels.
COCOS has been moving upwards since breaking out of the falling resistance line on July 14. However, it failed to initiate a significant upward move as it encountered strong resistance at $0.90. It has been rejected by this area three times so far.
Technical indicators are undecided. MACD is positive, but RSI is below 50.
If a breakout occurs, the token
could rise as high as $1.35. source: TradingView
The short-term 2-hour chart shows that COCOS is trading inside a descending parallel channel.
Such structures often contain corrective movements. Therefore, a final breakout is likely.
- COCOS has broken out of a falling resistance line.
- The stock is trading inside a descending parallel channel.
Since breaking the falling resistance line on July 21, SUPER has been moving upwards. It has so far managed to reach the maximum at $1,225, which occurred on August 17.
The nearest resistance area is at the $1.64 level. This is the horizontal resistance area and the 0.5 Fib elimination resistance level.
The technical indicators are bullish. RSI indicator is above 50 and MACD is positive.
However, the token
has broken out of the ascending parallel channel, thus breaking its bullish structure.
As such, it needs to initially find short-term support before potentially starting another upward move.
The nearest support levels are at $0.70 and $0.8.
- SUPER has broken through the falling resistance line.
- The resistance is located at the level of $1.64.
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