Decred, Dogecoin, Ethereum: All hail the bullish revival

[ad_1]

BTC-ETH correlation currently stood at 0.88 according to data by CoinMetrics. Strongly following Bitcoin’s price movement, Ethereum has been on a consolidation phase as it steadily targeted the $150-mark.

Source: ETH/USD on TradingView

At press time, the second-largest cryptocurrency, ETH stood at a market cap of $16.40 billion with a 24-hour trading volume of $12.76 billion. After a surge of 3.38% over the past 24-hours, the coin’s value climbed to $148.6.

Resistance: $202.8, $245.4

Support: $109.7

MACD: The MACD line above the signal line suggested the continuation of the bullish trend for the coin in the near-term.

Chaikin Money Flow: The CMF indicator also aligned with the bulls.

Dogecoin [DOGE]:

Source: DOGE/USD on TradingView

Inspired by the Shiba Inu meme, and created by Billy Markus, DOGE has become one of the most popular cryptocurrency. At press time, DOGE was valued at $0.0018 as it held a market cap of $234.8 million. The coin was up by 0.80% which drove its trading volume to $154.03 in the last 24-hours.

Resistance: $0.0025, $0.0032

Support: $0.001

Parabolic SAR: The dotted markers below the DOGE price candles depicted a bullish phase for the memecoin.

Awesome Oscillator: The AO indicated a bullish momentum in the coin’s fate.

Decred:

Source: DCR/USD on TradingView

After a wave of market corrections, Decred was finally able to weather the storm as it surged by 0.39% over the last 24-hours which propelled its price to $12.04. At press time, the coin recorded a market cap of $129.73 and a 24-hour trading volume of $77.3 million.

Resistance: $16.33, $20.99

Support: $9.29

Klinger Oscillator: KO and the signal line appeared to be moving together as the former continued to be in the bullish territory, hovering above the signal line.

RSI: RSI was moving up towards the 50-median depicting a positive sentiment among the buyers in the market.

[ad_2]

Source link

Read Previous

Cryptocurrency Companies Cooperate on Combating COVID-19 Pandemic

Read Next

Poloniex’s New Tron-Powered IEO Platform Moves Exchange Closer to Justin Sun’s Orbit

Leave a Reply