79 Interactions, 4 Today
With Bitcoin reaching a high of $50,000 today, the altcoin market saw an influx of buying demand. EOS reached a weekly high after gaining 5.8 percent in 24 hours. Ethereum Classic gained 4.6 percent and broke through the $65.48 resistance level.
Finally, DASH gained 6.5 percent as it aimed for a retest of the $279.31 price ceiling.
EOS has gained 5.8 percent in the last 24 hours and is now worth $5.34. At the time of publication, EOS was trading at a weekly high.
The altcoin has been on a bullish streak recently, which has been backed up by technical indicators. As the Relative Strength Index surpassed 60, buying strength increased. Green signal bars flashed on the Awesome Oscillator.
On the charts, the Bollinger Bands separated, indicating a higher likelihood of market volatility.
On the downside, EOS might fall towards the $5.10 support level, which has served as a catalyst for repeated rallies since August 14. If EOS falls below $5.10, it will settle at $4.59.
Ethereum Classic [ETC]
Ethereum Classic gained 4.6 percent in the last 24 hours and was trading at $68.07 at the time of publication. This was ETC’s one-week high, as the altcoin recently broke through the $65.48 resistance. With a sustained rally, the alt might reach the $70.93 price barrier before retesting $75.10.
The Relative Strength Index stayed positive over 60, indicating that buying pressure was increasing. The Awesome Oscillator displayed green signal bars. Following a bullish crossover, the MACD displayed green histograms.
On the downside, ETC’s support level was $65.48. If ETC fails to maintain the aforementioned level, it will be trading at $58.09, a level it has not dipped below since August 12th.
On the development front, there has been no news about the Mystique Hard Fork.
DASH was trading at $244.48, a 6.5 percent increase from the previous day. It recently surpassed the $234.84 resistance level, with the next level of resistance at $251.85. DASH could retest $279.31 if it moves over the previously indicated level.
The coin’s parameters remained positive. The Relative Strength Index indicated that there was a lot of buying going on. The Awesome Oscillator showed buy signals.
Finally, the Chaikin Money Flow index showed increased capital inflows, with the signal hovering near 0.37, indicating a multi-month high.