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Ethereum, MATIC, Dogecoin Price Analysis – Aug 20




Bitcoin regained the $ 47k mark, while Ethereum traded above $ 3,200 after surging 7.4%. Altcoins like MATIC and Dogecoin also moved north on their respective charts.

MATIC prepared to touch the $ 1.53 resistance line while Dogecoin was about to break above its immediate high of $ 0.320.

Ethereum [ETH]

Ethereum surged 7.4% in the past 24 hours and was targeting the $ 3,322.80 level at press time. At press time, Ethereum’s price level was at a multi-month high. If the coin manages to maintain the uptrend, it could test the aforementioned price ceiling for the third time in a month.

The Awesome oscillator recorded the start of bullish price action with green signal bars above the midline. The indicator also showed a buy signal. Consequently, the MACD it also shows growing green histograms.

The Bollinger Bands remained parallel: a signal of price movement within the range.

In case the value of ETH depreciates, the support levels to watch out for would be $ 2,977.68 and $ 2,724.05.

MATIC

Ethereum, MATIC and Dogecoin Price Analysis - Aug 20

MATIC / USD, TradingView

MATIC represented strong bullish price action as it was up 14.5% in the last 24 hours. It was priced at $ 1.49 when it tried to retest the $ 1.53 resistance.




The Awesome oscillator Flashing green signal bars indicating an uptrend. The MACD shows green histograms after a bullish crossover.

The Relative Strength Index noticed a rally after MATIC received a buy signal. The indicator was seen near the 50 mark, within bullish territory.

On the other hand, if MATIC touches the $ 1.28 support line, it would invalidate the bullish view.

Dogecoin [DOGE]

Ethereum, MATIC and Dogecoin Price Analysis - Aug 20

DOGE / USD, TradingView

Dogecoin is up 6.3% in the last 24 hours. Valued at $ 0.319, the coin was trading near the immediate resistance at $ 0.320. If the alternative maintains its uptrend, it could try to retest the high price of $ 0.340.

Dogecoin registered a buy signal on the Awesome oscillator as the indicator signaled the start of bullish price action. According to it, the MACD it also showed the beginning of an uptrend with green histograms.

On the contrary, the Chaikin money flow it remained below the median line and, in addition, there was a drop in capital inflows.

A price reversal could cause Dogecoin to rest at $ 0.273 and then at the $ 0.240 support level.

This is a machine translation of our English version.

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TAMMY SEWELL
Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: Tammy@oicanadian.com Phone: +1 513-209-1700

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