AB Token Faces Key Support Amid Continued Decline
AB (AB) is down nearly 6% on Tuesday, adding to a 7% drop from Monday. This marks the fifth day of losses in a row. The price is close to the critical $0.00500 support level. If AB closes below $0.00500 for a full day, it may fall further to $0.00430 and $0.00380. These levels were the lowest points on May 29 and May 25.
Technical signals show growing bearish momentum. The Moving Average Convergence Divergence (MACD) moved below its signal line on November 23 and remains negative. The Relative Strength Index (RSI) has dropped to 32, showing more selling pressure.
If AB bounces back from $0.00500, it could target the 50-day Exponential Moving Average (EMA) at $0.00662.
Zcash Price Drops Below $350 with Strong Sell Signals
Zcash (ZEC) fell 19% on Monday and continues to slide, dropping another 3% on Tuesday. The price is now near the $300 support level. If ZEC falls below $300, it could fall further to $187, which was the low on October 17.
The RSI on the 4-hour chart is very low at 19, indicating oversold conditions and heavy selling. The MACD remains negative. A Death Cross pattern also appeared on Monday, as the 50-period EMA dropped below the 200-period EMA on the 4-hour chart. This is a strong sell signal.
For Zcash to recover, it needs to rise above $400. If it does, the next target could be the 50-period EMA at $463.
Monero Faces Decline After Bull Trap on Monday
Monero (XMR) lost 6% on Monday and dropped an additional 1% on Tuesday. This erased the 6% gain from Sunday and caught buyers off guard after a $419 breakout.
XMR may fall further to $372, the high on June 3. The RSI at 53 suggests weakening buying pressure. If it falls below 50, selling may increase. The MACD is close to crossing the signal line downward, which could add to selling momentum.
To improve, XMR needs to move above the recent high of $442 set on Sunday.
