Filecoin, Stellar Lumens, Solana Price Analysis: 3 May

The end of the month churned gains for most altcoins as Bitcoin also witnessed a surge in its price. As the largest crypto was able to recover from its earlier losses, the altcoin market was trying to gain stability after this sudden boost in volatility.

Filecoin [FIL]

Source: FILUSD on TradingView

Filecoin [FIL] chart pictured its 10% rally over the past three days which pushed the price from $147 to $163. Although the peak of this rally was registered at $167, FIL witnessed minor correction and was currently trading at resistance level at $163.

With such a boost in the price, the trend has flipped to a bullish one as the buying pressure remained high. With high buying pressure, the market showed increased volatility, implying traders could expect another price swing. The divergence of Bollinger Bands pointed at the rising volatility whereas the signal line slipping under the candlesticks was a sign of a bullish market. The digital asset remained close to the overbought zone.

Stellar Lumens [XLM]

Source: XLMUSD on TradingView

The Stellar price noted a gradual growth despite the rise in volatility. Bollinger Bands were forming a large bubble closer to the current price. As the bullish market continued, XLM was trading at $0.5684 and preparing to breach resistance at $0.5711.

As the asset tested resistance, it has also been pushed to the overbought zone. This indicated that the market was currently saturated by buyers and a sudden shift in trends could push the price lower. The overall trend in the market was bullish as confirmed by MACD indicator which remained above the signal line.

Solana [SOL]

Source: SOLUSD on TradingView

The price of Solana appreciated at the beginning of May by 15% within 13-hours. The price hit $49.51, before retracing and SOL was currently valued at $48.78.

The asset found support at $46.06 and was now seeing money enter its market. This was highlighted by Chaikin Money Flow which had dropped under the zero-level but has resurfaced as the buying pressure was on the rise. This rise in buying pressure can be visible by relative strength index which was currently at 61, closer to the overbought zone.


Sign Up For Our Newsletter


Source: https://ambcrypto.com/filecoin-stellar-lumens-solana-price-analysis-3-may/

More from Republished By Plato

bitcoin
Bitcoin (BTC) $ 58,421.57 0.40%
ethereum
Ethereum (ETH) $ 4,116.39 4.07%
binance-coin
Binance Coin (BNB) $ 677.91 3.41%
dogecoin
Dogecoin (DOGE) $ 0.530238 0.22%
cardano
Cardano (ADA) $ 1.79 1.78%
xrp
XRP (XRP) $ 1.59 3.74%
tether
Tether (USDT) $ 1.00 0.02%
polkadot-new
Polkadot (DOT) $ 40.74 3.14%
bitcoin-cash
Bitcoin Cash (BCH) $ 1,505.73 10.51%
litecoin
Litecoin (LTC) $ 398.91 13.50%
chainlink
Chainlink (LINK) $ 51.52 6.48%
uniswap
Uniswap (UNI) $ 40.27 1.25%
stellar
Stellar (XLM) $ 0.700917 15.92%
vechain
VeChain (VET) $ 0.231217 4.61%
ethereum-classic
Ethereum Classic (ETC) $ 125.03 4.35%
usd-coin
USD Coin (USDC) $ 1.00 0.01%
solana
Solana (SOL) $ 45.19 0.28%
theta
THETA (THETA) $ 11.85 1.15%
tron
TRON (TRX) $ 0.145316 3.09%
filecoin
Filecoin (FIL) $ 145.30 0.48%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 58,909.36 0.99%
eos
EOS (EOS) $ 10.59 4.35%
shiba-inu
SHIBA INU (SHIB) $ 0.000024 46.71%
monero
Monero (XMR) $ 484.97 2.47%
neo
Neo (NEO) $ 121.53 4.24%
binance-usd
Binance USD (BUSD) $ 1.00 0.00%
bitcoin-sv
Bitcoin SV (BSV) $ 368.04 2.01%
terra-luna
Terra (LUNA) $ 17.35 1.52%
pancakeswap
PancakeSwap (CAKE) $ 39.51 6.49%
iota
IOTA (MIOTA) $ 2.26 4.98%
cosmos
Cosmos (ATOM) $ 28.82 2.92%
aave
Aave (AAVE) $ 479.59 3.95%
ftx-token
FTX Token (FTT) $ 62.62 2.23%
tezos
Tezos (XTZ) $ 7.03 3.74%
maker
Maker (MKR) $ 5,352.84 2.08%
klaytn
Klaytn (KLAY) $ 2.16 0.46%
huobi-token
Huobi Token (HT) $ 28.93 12.58%
avalanche
Avalanche (AVAX) $ 40.53 8.62%
polygon
Polygon (MATIC) $ 0.932536 3.25%
bittorrent
BitTorrent (BTT) $ 0.007183 0.32%
multi-collateral-dai
Dai (DAI) $ 1.00 0.02%
crypto-com-coin
Crypto.com Coin (CRO) $ 0.183325 5.58%
algorand
Algorand (ALGO) $ 1.52 1.58%
thorchain
THORChain (RUNE) $ 17.99 2.65%
dash
Dash (DASH) $ 424.07 8.51%
compound
Compound (COMP) $ 807.79 5.20%
kusama
Kusama (KSM) $ 448.68 1.21%
zcash
Zcash (ZEC) $ 311.14 2.43%
waves
Waves (WAVES) $ 33.93 10.83%
nem
NEM (XEM) $ 0.379726 2.42%