Monero lost 2% of its valuation in the last 24 hours and could attempt to revisit its one-month low of $ 233.25. Ethereum Classic depreciated 1.7% while Dogecoin was up 3.9%. However, the key parameters of the coin were still indicating a downtrend.
Monero declined 2% over the past 24 hours and was trading at $ 260.30. The closest support zone for the altcoin was around $ 252.32. On the four-hour chart, the altcoin’s price was well below the 20-SMA line, a sign that price momentum was favoring sellers.
the MACD red histograms flickered after noticing a bearish crossover. Relative Strength Index It fell below the mean line and suggested that the selling pressure exceeded the buying force in the market. the Chaikin money flowHowever, it was optimistic as capital inflows rebounded and fell into bullish territory.
On the upside, the overhead resistance for Monero stood at $ 281.74. This could push the coin to a one-week high. If XMR drops $ 281.74, it could revisit the two-week high of $ 305.62.
Classic Ethereum [ETC]
Classic Ethereum depreciated 1.7% over the last 24 hours and its price was $ 56.73. It just fell below its low price of $ 58.09 and could drop to $ 50.11. Key technicians pointed to bearish price action on the charts.
the MACD red signal bars flashed after it encountered a bearish crossover. the Relative Strength Index It fell below 50 and meant that selling pressure was present in the market. Finally, the Awesome oscillator in the image of red histograms.
On the other hand, if the buying pressure picks up across the market, then the price may hit the resistance at $ 65.48. If it does, the crypto’s next attempt would be to retest $ 70.60.
Dogecoin was priced at $ 0.241 as it continued to trade sideways. Although it showed signs of consolidation, Dogecoin has appreciated 3.9% in 24 hours. Overhead resistance with a steady uptrend was sitting at $ 0.273, and touching it would mean a one-week high for the coin.
The technicians, however, pointed out the opposite. The alt price level was below the 20-SMA four-hour line, which meant that the momentum was favoring sellers. the MACD declining green histograms were blinking as it approached a bearish crossover. the Relative Strength Index it was below the mean line, which means that the buying force had decreased in the market. Finally, the Awesome oscillator A small red signal bar flashed according to the last red trading session.
If the bearish thesis is true, then support for Dogecoin would be at $ 0.240 and then at its monthly low of $ 0.213.
This is a machine translation of our English version.