Dash, Decred,XRP Price Movement Analysis for 3rd April, 2021

Ethereum’s bullish turn and recent foray over $2,000 did not see the same cascade impact as Bitcoin’s market activity typically would. However, close to ETH, a few alts swam against the broader market’s sideways tide to report gains on their price charts. XRP, Dash, and Decred were among them, with both of these altcoins increasing in value over the last 48 hours considering Bitcoin’s consistent consolidation below $60,000.

Dash [DASH]

DASH, one of the market’s premier privacy coins, has been climbing the charts recently, just like XRP before it, due to a strong bullish uptrend. In fact, after some brief corrections, the alt was observed to have risen by more than 12% in 48 hours. It’s worth noting here that the cryptocurrency’s most recent movements have been followed by dramatic increases in market levels.

Furthermore, the alt’s motions corresponded to what was predicted in a previous study.

While the mouth of the Bollinger Bands was widening to predict a degree of near term market uncertainty, the Relative Strength Index was skirting the overbought region, highlighting the extent of the privacy coin’s recent bullishness.

Decred [DCR]

Decred, the cryptocurrency ranked 52nd on CoinMarketCap at the time of publication, was already nearing the end of an uptrend. However, the size of the rise in its value was not as drastic as that seen with XRP and DASH before it. Indeed, at the time of publishing, the alt’s market growth seemed to be stalling, with the crypto’s technical indicators indicating that bears were regaining power as well.

Although the Amazing Oscillator showed bearish signals on the histogram, the MACD line shifted below the Signal line after a bearish crossover on the charts. With the two diverging at the time of publication, it seemed unlikely that DCR’s previous uptrend would return anytime soon.

If a recent interview is to be believed, Decred has seen a surge in popularity lately in countries like Brazil. Whether the said interest has translated into the aforementioned growth in value, however, is uncertain.

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