As Bitcoin and Ethereum have been constantly choppy for the past few days, mixed trading patterns were detected in certain altcoin movements. A lot of altcoins were in price consolidation.
Ethereum Classic was trading near the $ 67.36 support level, while Binance Coin resistance stood at $ 517.20. Solana, in the last 24 hours, lost momentum and fell 4.7%.
Ethereum Classic (ETC)
Classic Ethereum was in a state of consolidation for the last day. It was trading at $ 68.60 after noticing a 0.6% drop. At the current level, ETC is at levels below its weekly high. Immediate support was at $ 67.36 and continued downward movement would drag ETC to $ 58.09, which is the lowest level Ethereum has traded in about a month.
Technical charts indicated a bearish trend in the market. MACD you noticed red bars on your histogram, after a bearish crossover. Chaikin money flow it fell below the median line for the first time this month, indicating a significant drop in capital inflows.
Awesome oscillator Red signal bars flickered affirming the same. In case Ethereum Classic breaks out of consolidation to the upside, it could revisit $ 75.04.
In the latest news, Classic Ethereum was afflicted by the Geth explode due to which Ethereum had also suffered a week ago.
Solana was down 4.7% on her chart over the past 24 hours and was priced at $ 139.30. The altcoin that secured a new all-time high yesterday was seen approaching the $ 125.95 support line. A drop below $ 125.95 could see SOL trade at $ 99.92, a level the altcoin last touched a week ago.
MACD it showed red bars in its histograms. Awesome oscillator Red signal bars were also observed indicating a bearish price movement in the market.
Relative Strength IndexHowever, it was still bullish at 60. A rally in prices could prompt SOL to retest its immediate resistance at $ 144.54 and then $ 158.40.
As Solana Ayer secured a new all-time high, it surpassed the market capitalization of Dogecoin and came in at the number 7 position on CoinGecko.
Binance Coin (BNB)
Binance Coin also posted a price movement within the range and rose slightly on its chart. The altcoin was trading at $ 491.99. Its overhead resistance was at $ 517.20. Bollinger Bands remained tight, indicating consolidated price action. The anticipated price range for BNB would be $ 491.99 and $ 460.42.
Green bars on the MACD The histogram fell back during the last trading sessions. Relative strength It was also approaching the midline, although, at the time of writing, it was above the 50 mark.
In the event that Binance Coin fell, its first support level stood at $ 460.42, which also marks its two-week low. Failing to hold above the above-mentioned floor price, BNB could target $ 433.54.
This is a machine translation of our English version.
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