3rd January Crypto Price Analysis covering: Dogecoin,  Monero, XRP

Spread the love


Dogecoin
was wildly positive on the charts as he soared past $0.01 to hit $0.0139. Monero will strive not to lose the $130 and $140 heights to bulls, while XRP saw a bounce of $0.24 then slid back down.

Dogecoin [DOGE]

XRP, Monero, Dogecoin Price Analysis: 03 January

Source: DOGE/USDT on TradingView

The 20 SMA on the 4-hour map was a laughable distance away from the price. The Fibonacci Extension Stage of 61.8 per cent saw a brief pullback, but DOGE rocketed past it a few hours later and almost hit the next level of growth, 261.8 per cent above the low DOGE swing set almost three weeks earlier.

Timing a short for DOGE can lead to losses, but pullbacks may be used instead to reach long positions. Just the Stochastic RSI predictor displayed a DOGE pullback.

The momentum metrics is largely over-bought, but the indicators do not outweigh the consumer sentiment.

Monero [XMR]

XRP, Monero, Dogecoin Price Analysis: 03 January

Source: XMR/USDT on TradingView

The OBV suffered a dive when panic selling caused the price to lose almost 23 percent in value before a rebound. However, it was not enough to counter XMR’s purchase amount against the advances achieved in recent weeks.

Losing $130 would herald a shift to $115 for XMR, while any stabilisation in the vicinity of $130 or $140 could see the bearish feeling steadily fading away.

RECOMMENDED READ:  Adoption, scams and regulator FUD: 2020’s biggest crypto disappointments

Chief Executive Officer of KrakenFX, Jesse Powell, noted that the Monero delisting of Bittrex was most likely due to something unique on the commercial side of the Bittrex exchange, suggesting that the wave of delisting would not obey XMR as XRP did.

XRP

XRP, Monero, Dogecoin Price Analysis: 03 January

Source: XRP/USD on TradingView

XRP saw a dead cat bounce off the $0.17 support level and saw a candlewick climb as much as $0.25 resistance before the sellers pushed the market back down.

The $0.25 resistance and the $0.2 support are the most critical thresholds for XRP at the time of writing, and XRP steadily slipping down under the $0.23 mark was an indication of bearish sentiment.

RSI has demonstrated a downward trajectory as cryptocurrency/security failed to retain its share valuation in the wake of a surge of delistings.

Ripple backers submitted an online petition to the White House to “ask the federal government to deem XRP a currency” and have 11,500 signatures, but need 100,000 signatures to obtain a response from the White House.

 356 Interactions,  2 today

READ ALSO:
Uniswap, Monero, Ethereum Classic Price Movement Analysis for 10th April, 2021

If the price is unable to overcome the $32-resistance, Uniswap can fall back to $26.2 support. Monero's bullish movement was Read more

Litecoin, Monero, Chiliz Price Movement Analysis for 9th April, 2021

Litecoin has developed a growing wedge trend and may fall back to $217 in the coming hours, but its long-term Read more

Members of the Monero (XMR) network have criticised the MobileCoin project.

Riccardo Spagni, also known as “fluffypony” on Twitter, is the lead maintainer of Monero and recently expressed his thoughts on Read more

Algorand, Enjin Coin, Hedera Hashgraph, Monero Price Movement Analysis for 7th April, 2021

Algorand waited for more signals to leave its radius. Hedera is a kind of cactus. If the price slips below Read more

Bitcoin SV, Monero, Waves Price Movement Analysis for 4th April, 2021

Bitcoin SV rose dramatically to $267 before plummeting just as rapidly. Monero saw sellers jump in to push rates below Read more

Monero Price Movement Analysis for 4th April, 2021

For the last few days, the price of Monero has fluctuated significantly. The dynamic market activity took a new turn Read more

BAT, Cosmos, Monero Price Movement Analysis for 3rd April, 2021

Basic Attention Token lacked the volatility to support a significant price swing, but market strength was growing. As the price Read more

Augur, Monero, Zcash Price Movement Analysis for 2nd April, 2021

Despite its recent price fall, Augur‘s charts showed that buyer appetite was present, suggesting a fast rebound. Monero has reached Read more

Compound, Monero, Waves Price Movement Analysis for 30th March, 2021

Compound would shift closer to $447.4 if it rose past its press-time resistance. Monero displayed signs of fatigue when it Read more

Aave, Elrond, Monero Price Movement Analysis for 29th March, 2021

The crypto market has been consolidating, especially among altcoins with lower market capitalisation. Sideways movement has been noted in altcoins Read more

Leave a Reply

Contact Us