Ocean Protocol (OCEAN) could double in price in the coming quarter, according to a bull flag setup. CyberConnect (CYBER) is exhibiting bearish cues and could drop 5% in the near future. Steem (STEEM) trading volumes have surged, but the prognosis is bearish and could drop 5% in the coming session.Ocean Protocol’s token traded at $0.3 on Aug 24 and formed a bull flag setup, which consists of a sharp uptrend, the pole, and a consolidation period between two parallel trendlines, the flag. The flag predicts a breakout for the token if it crosses above the upper trendline of the flag and confirms the setup. The expected rally equals the flag pole, pinning the target price for OCEAN at approximately $0.61, or over 100% higher than the current value.CyberConnect token CYBER price dropped nearly 30% in the previous 48 hours and reached just below $3.9 ahead of the New York session on Aug 24. The token hinted at additional losses due to the declining trading volumes, over 40% in the previous 48 hours. Combined with the slumping price action, the drop in trading volumes signifies growing passivity among traders, which could lead to another leg down. If CYBER should fall in the coming session, a target would likely be $3.74, or 5% lower than the current price.The STEEM token changed hands at $0.16 on Aug 24, after a 4% daily uptick. However, according to CoinMarketCap, the coin’s trading volumes soared over 450% in the previous 24 hours. As in the case of OCEAN, STEEM price risks another decline, as surging trading volumes paired with a stagnant price action signify a selloff wave. If a decline follows, a likely target would stand at the support line at $0.15, or over 5% lower than the current value.
| Information |
Details |
| Geography |
Europe |
| Countries |
|
| Sentiment |
neutral |
| Relevance Score |
8 |
| People |
None |
| Companies |
Ocean Protocol, CyberConnect, Steem, CoinMarketCap, CoinChapter.com |
| Currencies |
OCEAN, CYBER, STEEM, Bitcoin, Ethereum |
| Securities |
None |
