394 Interactions, 2 today
Monero saw some investor indecision around the $230 mark, when the price slipped and jumped around this amount. IOTA was consolidating above the $1.3 mark, while Zcash encountered some resistance around $155.
XMR fluctuated about the $230 mark as sellers and buyers engaged in a fight. Since XMR tried the $200 level as support for the second time, the OBV has been gradually growing. Buyer appetite highlighted potential benefits for XMR once the $230-level is strongly flipped to help.
The price of the altcoin was trading barely over the EMA Ribbons. The ribbons themselves were somewhat compressed, indicating a recent loss of solid impetus. Climbing above the ribbons will indicate bullish motive, with $248 the next level of resistance.
As IOTA stabilised above the $1.29-level of support, the Bollinger Bands tightened around the price. The trading volume was poor, and the MACD displayed no momentum in any direction, hovering about zero.
Below $1.29 was the $1.08 support level, and beyond that was the $1.55 resistance level. Widening Bollinger Bands in conjunction with increased trading activity will indicate the next step for IOTA’s movement.
Over the last week, the $149 mark has been broken twice as opposition, but the $150-$155 range has seen sellers jump in to push the market lower each time. ZEC was forced down to $135 and consolidated in the $135-$140 range for a few days before resuming its upward trend in recent days.
The RSI has risen back above 50, suggesting a change in direction to the bullish side. The RSI was at 54 and climbing at the time of writing, suggesting increasing bullish momentum, though it was not yet high. The Stochastic RSI also fell from overbought territories.
Breaching the $150-region and retesting it as support in the coming weeks could be a warning to enter a long place with a goal of $172.