web3.0TRON (TRX) and Dogecoin (DOGE) Flashes Sell Signals, Rollblock (RBLK) Draws Closer to Huge $2.5 Million Milestone
With Dogecoin’s technical indicators hinting at bearish momentum and TRON experiencing a steep decline, investors are ready to jump ship to better-performing tokens ahead of Q4.
As Q4 approaches and the cryptocurrency market experiences a downturn, investors are searching for promising tokens to diversify their portfolios. While Dogecoin's technical indicators suggest a potential bearish trend and TRON experiences a price correction, Rollblock attracts attention with its crypto casino. Here's a closer look at these developments.
TRON experiences a price correction after a massive rally.
Recently, TRON has made headlines with its impressive price performance, recording significant gains over the past few days. However, on Monday, the token experienced a price correction with a slight decrease. At the time of writing, TRX is trading at $0.1563, showcasing an intra-day decline of 5.18%.
Despite experiencing a price dip, TRON still ranks among the top 10 cryptocurrencies by market capitalization. However, the token's trading volume has seen a decrease of over 18% on Monday.
According to the TRX/USD daily chart, TRON has officially entered overbought territory, with its RSI at 71.83 and Stochastic Indicator at 81.96. This technical analysis suggests that TRON may experience a price correction in the upcoming days and might stabilize near the pivot level at $0.1323.
Dogecoin technical indicators hint at bearish momentum.
Over the past seven days, Dogecoin has experienced price fluctuations, leading investors to closely monitor the meme coin's future performance. At the time of writing, Dogecoin trades at $0.1068, exhibiting an intra-day surge of 2.44%.
With a 24-hour trading volume that showcases a slight increase of 2.23%, Dogecoin's technical indicators, such as the Moving Averages and Bollinger Bands, suggest a potential entry into a bearish zone.
A glance at the DOGE/USD daily chart reveals that Dogecoin trades below its 50-, 100-, and 200-day EMAs, indicating bearish pressure. Since the RSI is still below 50, there is room for more declines in upcoming weeks. Even Dogecoin’s Momentum Indicator and Bull Bear Power Indicator showcases strong bearish pressure.
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