While fear sentiment has not improved in the past 24 hours, MATIC stayed near its Point of Control and saw a collision between buyers and sellers around the $1.5 zone.
Rather, Chainlink and SAND saw pattern breakouts but still struggled to topple their immediate resistances to claim a healthy rally.
From its ATH on December 27 at $2.92, MATIC fell to witness a drop of 54.24%, reaching its three-month low on January 24. But the bulls quickly moved in at $1.3 as it saw an ROI of 58.6% through Feb. 10.
Since then, however, the bears took over as the bulls failed to defend the vital checkpoint (POC, red) in the $1.5 zone. This zone also coincided with the 61.8% Fibonacci support. As the USD 1.3 support was solid, MATIC found an oscillation range between USD 1.3 and USD 1.5. The bulls need to increase their thrust to break the POC and regain the gold support level.
As of going to press, MATIC was trading at $1,487. The RSI rose sharply from the oversold area. Any recovery from here would find a ceiling of 54 to test. Furthermore, the CMF showed a bullish bias as it looked north. Yet the ADX was on a downtrend and confirmed a weak directional trend.
Chain link (LINK)
Selling pressures mounted following the collapse of the up-channel (white) after the bears took over and pushed through crucial price points.
As a result, LINK collapsed to its lowest point in 14 months on February 24. However, the bulls eventually crossed the $11.7 mark as the alt gained more than 23.08% in the past three days. Thus, the altcoin managed to be a close above . to find 20 EMA (red) and tried to de 50 EMA (cyan).
At the time of writing, LINK was trading at $14.32. After testing midline support twice in the past three days, RSI showed a bullish edge. Any close below the white trendline would confirm the existence of a hidden bearish divergence.
The sandbox (SAND)
The previous uptrend saw exceptional gains as the altcoin spiked the $4.8 resistance and tested the three-week trendline support (yellow, dashed).
As the bears began to gain strength, they broke through this support and turned to resistance. Meanwhile, SAND was down 45.7% when it hit its January low on February 24. After the recent gains, it broke out of the channel but saw a strong rejection of higher prices at the $3.19 level.
At the time of writing, SAND was trading at $3. RSIThe recent uptick managed to cross the midline, but it would soon fall towards the 35 mark. Also the DMI flashed a bearish advantage while the ADX suggested a weak directional trend.
This post MATIC, Chainlink, SAND Price Analysis: February 27
was published first on https://ambcrypto.com/matic-chainlink-sand-price-analysis-27-february/