As can be seen from the chart above, today’s high saw bitcoin cash move closer to a key resistance level of $110.00.
The 14-day relative strength index also rose higher, with the index breaking out of a ceiling of its own.Polkadot Polkadot on the other hand was back in the red on Wednesday, snapping a two-day win streak in the process.Today’s drop saw the token move closer to its support level at $5.60, which has mostly been in place for the last week.Looking at the chart, the RSI also dropped to a floor of its own, with the index colliding with its support at 41.00.
Should the index move below this point, we will likely see polkadot move towards $5.30, which would be a two-year low. Traders will likely also be paying attention to the moving averages, as the indicator still looks positioned for further downward momentum.Tags in this story
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