AUGUR Price Prediction Today: Daily (REP) Value Forecast – June 26
- REP/USD market has been falling slightly in a range towards a low mark at $17.
- The REP/USD market's bulls are expected to gain the forces of the trade very soon.
REP/USD Medium-term Trend: Ranging
- Distribution territories: $20, $21, $22
- Accumulation territories: $16, $15, $14
The market valuation of REP/USD has maintained the same range spots that it had during the last medium-term trading sessions of the last week until the present. The present sessions have been witnessing slight depressions in the range zones.
Majorly, the choppy price movements have seen around $19, $18, and $17 price territories. All the trading indicators i.e. the 50-day SMA, and the Bollinger Bands are also found in the range zones. The Stochastic Oscillators have briefly crossed at range 40.
There are technical indications that the bears may not be able to gain much energy against the bulls in the REP/USD market in a near time of trading. Traders are enjoined to be on the lookout for a spike that can emerge around that trading line to have a decent buy entry order.
REP/USD Short-term Trend: Bearish
In spite of notable aggressive emergence of up and down at a point in time in the REP/USD short-term trading operations today, the market still looks bearish until the present. About a couple of hours back, the pair violently surged northwards to test a high value at $18.60 mark before losing the strength to a correction that has seen it back to downward movement.
The indicators are of more pointing to the south direction currently. The Stochastic Oscillators have moved into the oversold zone.
The REP/USD market may go down possibly in a ranging manner to find a sit around $17 prior to their total forces exhaustion in the market. Therefore, the bulls are expected to take charge of the crypto-trade very soon.
Live Augur (REP) Price:
1 REP/USD =$46.9579 change ~ -5.50%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.