Augur(REP) token price is testing the 100-Day EMA. As can be seen from the chart, 100-Day EMA has acted as a strong support for REP token price. AUGUR's price has repeatedly bounced back after testing the 100-Day EMA in past. 100-Day moving average is likely to continue as a strong support for REP token. Currently Augur’s RSI of 33.3 that is near oversold territory, indicating that price is likely to fall at 5-10% in next few days. MACD divergence also indicates a bearish market for the token and 50-Day EMA is act as a resistance level, going forward.
All the above indicators points towards downward movement in Augur’s token price in the range of the support level from 42k to 52k. However, if the token price breaches the 50-Day EMA and remains above the average for next few days, then the 50-Day EMA will act as a strong support to Augur’s token price.
All the above indicators points towards downward movement in Augur’s token price in the range of the support level from 42k to 52k. However, if the token price breaches the 50-Day EMA and remains above the average for next few days, then the 50-Day EMA will act as a strong support to Augur’s token price.