The bears are concerned about the increasing price of DAG
Constellation Coin price broke out of a descending wedge pattern on 23 March and now appears to be slightly bullish .
DAG token price is seen trading above the important moving average but it is yet to hit the 200-EMA.
For the upcoming trading session, the range of the consolidation phase (green box) may act as a demand zone and $0.28 represents a resistance level according to the 0.5-level of Fibonacci retracement .
The Super Trend indicator posted a bullish signal for the buyer last night, which could be the first of a trend reversal for the DAG coin price.
The Constellation Coin price is approaching the 200-day moving average (red), which is a zone of volatility . Other 20,50 and 100 EMAs are remaining below the current price of DAG coin in terms of the daily price chart.
Recently, the Relative Strength Index ( RSI ) took support at the half-line (50-point) before moving higher. Now the RSI is at 65-level and is going to move into an overbought area on the daily price graph.
Technical Indicators Constellation Coin is spotting a bullish trend after breaking the boundaries of a falling wedge pattern. RSI may complete its journey to overbought zone before any trend reversal sign
Support level – $0.1200 and $0.100
Resistance level – $0.200 and $0.280

