Cryptocurrency Market Sees Mixed Trend Amid Resistance Levels
The cryptocurrency market is experiencing a mixed trend with some assets showing signs of decline and others exhibiting growth.
Ethereum Classic (ETCUSD) has been negatively affected by the continued downward pressure from its 50-day SMA, leading to a decline in price. The Stochastic indicator has also shown negative signals, suggesting further downside pressure.
On the other hand, Williams-Sonoma's stock price has fallen due to its inability to break through the $220 resistance level, despite reaching deeply oversold levels on the Stochastic indicator.
In contrast, Charter Communications and Verizon stocks have been rising in their intraday trading sessions. Charter is attempting to form a higher low to regain positive momentum and resume its recovery, while Verizon is trying to test its current resistance level at $50.