Despite Bitcoin Regaining the $ 36,000 mark, altcoins such as Monero, Ethereum Classic, and Dogecoin remained cautious and awaited more signals to make a definitive move on the charts. Indeed, a bullish scenario could cause XMR to break down its current resistance and move towards $ 162.4. ETC was optimistic, at the time of writing, but a breakout above $ 9.66 was not a guarantee. Meanwhile, DOGE continued its movement within a narrow channel.
Currency [XMR]
Monero moved between $ 152 and $ 157.07 as the market momentum swung between buyers and sellers. A break to the north could see XMR revisit $ 162.4 as resistance. On the other hand, a bearish scenario could cause the price to fall towards the support level of $ 148.12.
The awesome Oscillator showed that momentum was moving towards the bulls after moving back and forth between each side.
the Bollinger Bands showed low price volatility since the bands were compressed. The candles could continue to move between the signal line and the lower band in the near future.
Ethereum Classic [ETC]
Classic Ethereum looked bullish, at press time, as the crypto's price was trading at $ 7.97, up 5.3% in the past 24 hours. Although a breakout above the $ 9.66 resistance did not seem likely, a broader market rally could lift the crypto asset above its upper ceiling. If ETC rises, the price could challenge the resistance at $ 10.5.
however, the Stochastic RSI was in the overbought region and signaled a bearish pullback in price if the index reversed direction and fell lower. In such a case, the support at $ 8.3 could cushion the losses.
The Chaikin Money Flow noted that capital was flowing into ETC as the index rose above the breakeven mark.
Dogecoin [DOGE]
Dogecoin continued to consolidate between $ 0.0096 and $ 0.0085, showing the lack of a strong change in momentum on both sides. More gains in market leaders BTC and ETH could push DOGE above its resistance at press time, without which the price could continue to trade within a fixed channel for the next few days.
The Relative Strength Index pointing north of the neutral zone. The price could rise if the index spikes into the overbought region in the future.
the Parabolic SAR The dotted lines were below the candles and stressed that DOGE has been in an uptrend over the past week.
