AUGUR Price Prediction Today: Daily (REP) Value Forecast – July 3
- There has been a slight downward price movement in the REP/USD market.
- The REP/USD bulls may push the market point towards a high line at $16 before getting exhausted in the short run.
REP/USD Medium-term Trend: Bearish
- Distribution territories: $17, $18, $19
- Accumulation territories: $13, $12, $11
The medium-term trend of the REP/USD market has been of a slight bearish in its outlook. Around June 30, the crypto’s value began being pressurized by the weight worth of the US dollar in the market.
In the process of that market downward move, a high point at around $17 eventually got a reduction to the tune of $14 point or thereabout. The Bollinger Upper Band and the 50-day SMA indicator are both slants above the other indicator trend-lines pointing to the south. The Stochastic Oscillators now attempt to close the hairs a bit over range 40.
Going by close observation of this crypto-market, its Bollinger Middle Band trend-line has been defining its point of bearish entry. While that sentiment valid, the bears will have to hold strong between $15 and $16 territories in the next active trading sessions.
REP/USD Short-term Trend: Ranging
In the short-term run of the REP/USD market, the trend has been in a ranging outlook as at the time of writing today. The market territories around $15.20 and $14.60 marks now represent range zones.
The crypto has now been trying to swing up in the range spots against its 50-day SMA indicator. All the indicators now trend to the east around the range spots of the market. The Stochastic Oscillators have slightly moved downward to cross at range 40.
There are indications that the bulls have now been accumulating strength around $14.80 mark. The bulls may push the market point towards a high line at $16 before getting exhausted in the short run.
Live Augur (REP) Price:
1 REP/USD =$43.0785 change ~ 3.58%
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