Popular privacy coin Monero stabilized on the charts and eyed a rise above the $230-level on the back of its bullish indicators, at press time. On the contrary, Augur may require stronger cues from the broader market to break above the $39.2-mark. Finally, gains on Dogecoins charts could be restricted to the $0.062-resistance level, despite the bullish comeback.
A hike of over 5% in the last 24 hours helped Monero flip the $214.6-resistance at the time of writing. Even though some bearishness was observed in the market, the Awesome Oscillator noted three consecutive green bars as bullish momentum rose.
The Chaikin Money Flow seemed to have a healthy correlation with the cryptos price as both moved in tandem on the charts. With the CMF holding above zero, capital inflows could sustain XMR above its press time support level. The next resistance level for Monero could be found at $230.
The emergence of successive green candlesticks or three white soldiers on Augurs 4-hour chart highlighted the buying pressure over the last few trading sessions as the price eyed a recovery towards the 20-SMA (blue). The MACD was on the helm of a bullish crossover while the histogram targeted a move above the half-line.
The Stochastic RSI also gave positive cues as the index was pointing north towards the overbought zone. The next major resistance level could be found at $39.2, but stronger cues from the broader market would be needed for a northbound breakout.
Source: DOGE/USD, TradingView
The newest addition to the top-15 coins by market cap, Dogecoin ...
Disclaimer: The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.