NEAR, Filecoin, Monero Price Analysis – April 27, 2022

BTC’s reversals from the 4hr 200 Exponential Moving Average around $42K saw the leading crypto exploring sub-$38K levels.

That triggered retracements in the overall market. That saw Filecoin, Monero, and NEAR’s RSIs plummeting toward oversold regions. As the expected bounce-back appeared, buyers should amplify trading volume to conquer the dominant selling vigor.

Near Protocol (NEAR)

NEAR lost over 64% since its lifetime highs, plunging toward multi-month lows on February 24. However, the long-term support at $7.6 controlled the fall and ensured a trend-shifting bullish rally. The retrieval phase saw Near Protocol over-recovering previous losses as it climbed toward eleven-week highs on April 8.

However, sellers dragged the token beneath the trend-line foothold (now resistance) within no time. NEAR might witness extended plummets if the 50EMA plunged beneath the 200EMA.

NEAR traded near $12.921 at this publication. The RSI saw a bullish divergence with the price in the past two days, as the indicators recovered from the oversold area. So, a near-term retrieval to 20EMA on the charts appeared possible.

Monero (XMR)

Monero bears have dominated since XMR explored the $296 highs in November. That saw the price dipping towards the 15-month barrier at $133.

While navigating yearly lows on February 24, the alt recouped from this floor, registering a 118% surge amid upward channel rallies. However, $283 prevented further increases, and sellers pulled Monero to the Bollinger Bands’ ‘cheaper’ side.

The alt hovered near $232.956 at this publication. The Relative Strength Index maintains its gradual uptick from the oversold area. Like NEAR, XMR displayed a bullish divergence with the prices. However, buyers are yet to ensure magnified volumes to trigger increments on the price charts.

Filecoin (FIL)

Buyers provoked a more than 70% upside recovery after the alt dipped into all-time lows on March 15. However, the bears tightened their game after a sharp decline from the resistance at$26. That had the altcoin plunging towards monthly lows on April 27.

Filecoin witnessed a downward channel devaluation on its 4hr chart within the past couple of days. Meanwhile, the Supertrend flashed red signals while showing sellers’ preferences. FIL traded near $17.86 at this publication.

The RSI tested the range at 44-50 after revivals from the oversold area. A break past the equilibrium could clear the upside recovery road for Filecoin to challenge the closest resistance level at $18.