<em><strong>Reserve Rights and Balancer bulls are under pressure. As long as RSR prices are below $0.049 and BAL prices capped at $30, sellers are in the driving seat.</strong></em>
<h2>Reserve Rights (RSR)</h2>
The RSR is used to regulate the platform's algorithmic stablecoin, RSV.
<h3>Past Performance of RSR</h3>
The Reserve Rights token is moving within a tight trade range as per the candlestick arrangement in the daily chart.

The failure of RSR crypto buyers to follow through and reverse recent losses places sellers ahead.
<h3>Day-Ahead and What to Expect</h3>
Reading from the RSR technical analysis, prices are consolidating within the November 10 engulfing bear candlestick.

As a bearish pattern, every high below $0.049 might be the selling point for sellers targeting $0.040 and later $0.040 in a bear trend continuation pattern.

If RSR coin buyers flow back, a surge above the resistance trend line at $0.049 might see the coin trend towards $0.06—or better in the days ahead.
<h3>Reserve Rights Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/11/Reserve-Rights-Daily-Price-Chart-for-November-16.png"><img class="alignnone size-full wp-image-220639" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/11/Reserve-Rights-Daily-Price-Chart-for-November-16.png" alt="Reserve Rights Daily Price Chart for November 16" width="1366" height="768" /></a>

The path of the least resistance is northwards from a top-down analysis.

Notably, RSR/USDT prices are inside a rising channel, with increasing trading volumes pointing to strength despite recent losses.

All the same, there is a double bar bear pattern that might signal short-term weakness.

As such, if RSR coin buyers fail to close $0.049 and rewind last week's losses, RSR prices <a href="https://www.cryptoknowmics.com/news/reserve-rights-rsr-and-ocean-protocol-ocean-technical-analysis-sellers-may-dominate/">might</a> over the short-term tank to $0.030.
<h2>Balancer (BAL)</h2>
The <a href="https://www.cryptoknowmics.com/news/aave-and-balancer-bal-technical-analysis-will-the-uptrend-remains/">launching pool and swapping platform</a> rely on BAL for governance.
<h3>Past Performance of BAL</h3>
The Balancer coin is bearish when writing, trading within a bear breakout pattern based on the BAL technical analysis of the daily chart.
<h3>Day-Ahead and What to Expect</h3>
Despite optimism and the Balancer ecosystem's value proposition, BAL crypto sellers have the upper hand.

From the daily chart, the BAL/USDT price action remains bearish as long as BAL token bulls fail to close above $30.

The immediate resistance level also doubles as November highs, potentially marking peaks.
<h3>Balancer Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/11/Balancer-Daily-Price-Chart-for-November-16.png"><img class="alignnone size-full wp-image-220637" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/11/Balancer-Daily-Price-Chart-for-November-16.png" alt="Balancer Daily Price Chart for November 16" width="1366" height="768" /></a>

From an Effort-versus-Results perspective, the BAL/USDT price action is bearish, favoring sellers.

Notably, trading volumes are relatively low. Moreover, prices are inside the November 10 wide-ranging bear candlestick.

Confirmation of last week's losses below $22 could easily see BAL crypto shrink to $18 and later $15 in a bear trend continuation pattern.

However, a recovery above $30 may rejuvenate buyers, who could spring higher to $44.

Reserve Rights (RSR) and Balancer (BAL) Technical Analysis: Sellers on Top

Reserve Rights and Balancer bulls are under pressure. As long as RSR prices are below $0.049 and BAL prices capped at $30, sellers are in the driving seat.

Dalmas has been passionate about the blockchain and crypto space ever since he’s heard about it. As someone who’s been closely following the trends in the crypto space, Dalmas is excited about what lies ahead in this niche and is all set to explore it. While he’s been advocating crypto adoption for a number of years, he’s himself a HODLer, which makes his voice authoritative and credible.

Reserve Rights (RSR) and Balancer (BAL) Technical Analysis: Sellers on Top

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