388 Interactions, 6 today
Crypto.com Coin was under selling pressure at $0.23, but it still had help in the $0.19-$0.2 range. Hedera Hashgraph would need to turn $0.4 to help in order to sway market participants’ attitude towards bullish, while Monero was in a solid uptrend and could bust through $300.
Crypto.com Coin [CRO]
The daily timeline was selected to demonstrate where CRO was six months ago and how it has recovered in the last two months. CRO fell from $0.1521 to $0.059 from October to December, then climbed above the $0.08 level in February to build it as support and climb higher. CRO rose to $0.27 as a result of this change, and it was valued at $0.21 at the time of publishing.
The RSI had been dropping in recent weeks and was oscillating around neutral 50, indicating that there was no momentum in either direction. Trading activity has been reliably strong, and a break over $0.23 could signal the start of another leg up for CRO.
Hedera Hashgraph [HBAR]
HBAR was in the process of consolidating. For about four weeks, the OBV indicated that there was a balance between buyers and sellers, which had not yet been disrupted by a tsunami of buyers or sellers.
The Bollinger band for HBAR did demonstrate any uncertainty when the price jumped from $0.28 to $0.4, reflecting a 40% increase in value. However, in contrast to HBAR’s (+350 percent) jump from $0.1 to $0.45 in early March, this uncertainty remains muted.
The MACD moved over the zero level, and the MACD line started to climb rapidly, which may be an early indication of a jump to $0.4 in the works.
Monero is another coin that is seeing a significant uptrend. In the last two weeks, it has shifted from opposition to help at $230, and it has since risen to $300. $230 represented strong opposition that had rebuffed XMR for virtually the whole month of March.
The DMI reinforced the clear uptrend, with the ADX (yellow) and +DI (blue) all above the 20 stage. Some Fibonacci extension stage targets are also plotted. If the price of XMR rises above the psychological $300 level, it might easily reach $330.