Stellar Lumens, Ontology, FTX Token Price Analysis: 08 November
Bullish sentiment was strong for Bitcoin and Ethereum, and by extension, many alts in the market managed to register gains as well. Stellar Lumens exhibited a bullish divergence as the price made a lower low while the momentum indicator (RSI) made a higher low and shifted.
The bears were also successful in pushing the price under the support level at $0.44, although bulls could yet defend that region and push the price above the same. FTT bounced strongly off its support at $3.34, but the market bears crashed the bulls’ party near the resistance at $3.66 and almost undid all the gains FTT recorded.