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Price Prediction for September 22: RVN, ETC, CRV, EOS, and CEL

Price Prediction for September 22: RVN, ETC, CRV, EOS, and CEL

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Cryptocurrencies are falling after rejecting previous highs. ETC, CRV and EOS have dropped below the moving average, making them vulnerable to further declines. On the other hand, RVN and CEL are trading between moving average lines after rejection from upper resistance levels. These coins seem to strike a balance between supply and demand.

Ravencoin
The price of Ravencoin (RVN) is in a bearish correction as it bounds between the lines of the moving average. The cryptocurrency has been trading between moving average lines since September 5th. RVN will trend when the moving average lines are broken.

RVN/USD – Weekly Chart

The altcoin may continue to face selling pressure as it rejects the $0.09 resistance area. Meanwhile on the weekly chart; the retraced candle body tested the 78.6% Fibonacci retracement level on March 21. Retracement suggests that RVN will fall to the 1.272 Fibonacci extension or $0.011. At the same time, the altcoin is less than 50% of the daily stochastic. It’s on the decline. RVN is the weakest altcoin of the week. It has the following features:

Current price: $0.04086
Market value: $857,359,999
Trading volume: $59,788,139
7-day win/loss: 27.65%

Ethereum Classic
The price of Ethereum Classic (ETC) is in a downtrend as it hit a low of $28. The cryptocurrency was previously in a sideways movement below the upper limit of $42.

Price forecast for September 22: RVN, ETC, CRV, EOS and CEL
ETC/USD – Daily Chart

Buyers have failed to hold the price above the upper resistance after three consecutive attempts to break the upper resistance. The current selling pressure has subsided as the market reaches oversold territory. Today, the altcoin has started an uptrend again. It is currently the second weakest altcoin. It has the following features:

Current price: $29.22
Market cap: $6,113,761,189
Trading volume: $627,172,237
7-day win/loss: 19.65%

The curve of DAO Token
Curve DAO Token (CRV)) price is in a downtrend as it hits a low of $0.83. After falling above the $0.96 support, gains are limited below the moving average lines. Buyers were unable to hold the price above the moving average lines or the resistance at $1.20. Meanwhile, in the August 20 downtrend; the retraced candle body tested the 61.8% Fibonacci retracement level.

Price forecast for September 22: RVN, ETC, CRV, EOS and CEL
CRV/USD – Daily Chart

Retracement suggests that CRV will drop to the 1.618 Fibonacci extension or $0.67. From the price action, the altcoin has dropped to a low of $0.83 and pulled back. CRV is less than 20% of daily stochastic. It means that the market has reached oversold territory. It is the third weakest altcoin of the week. It has the following features:

Current price: $0.9338
Market cap: $3,070,952,550
Trading volume: $66,957,675
7-day win/loss: 23.12%

EOS
EOS (EOS) is in a downtrend as prices fall below the moving average lines. The cryptocurrency has peaked at $1.94, but was rejected. On September 10, buyers faced another rejection with resistance at $1.94.

Price forecast for September 22: RVN, ETC, CRV, EOS and CEL
EOS/USD – Daily Chart

EOS has broken below the moving average while holding above the $1.15 support. Selling pressure will continue if the price falls below the rising trend line. The cryptocurrency has fallen below 20% from the daily stochastic. It indicates that the market has reached oversold territory. However, EOS is the fourth weakest altcoin of the week. It has the following features:

Current price: $1.25
Market cap: $1,331,053,418
Trading volume: $280,140,999
7-day win/loss: 11.74%

Celsius
Celsius price (CEL) is in an upward correction, but it is confined between the lines of the moving average. On September 15, the altcoin peaked at $2.86, but fell sharply below the moving average. CEL has risen above the 21-day SMA but below the 50-day SMA.

Price forecast for September 22: RVN, ETC, CRV, EOS and CEL
CEL/USD – Daily Chart

The cryptocurrency is likely to remain between the lines of the moving average for a few more days. Altcoin develops when moving average lines are breached. At the same time, CEL is at the relative strength index level of 51 in period 14. It shows that supply and demand are in balance. Selling pressure will probably subside. The altcoin is currently the fifth weakest altcoin. It has the following features:

Current price: $1.61
Market value: $1,122,473,325
Trading volume: $13,396,439
7-day win/loss: 10.88%

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