The popular Monero coin has stabilized in the charts and observed a rise above the $ 230 level thanks to its bullish indicators, at the time of publication. On the contrary, Augur may need stronger indices from the larger market to break through the $ 39.2 mark. Finally, gains on Dogecoin charts could be limited to the resistance level of $ 0.062.
A rise of over 5% in the last 24 hours has helped Monero reverse the resistance of $ 214.6 at the time of writing. Although some decline has been observed in the market, the Awesome oscillator noted three consecutive green bars as bullish momentum increased.
The Chaikin Money Flow appeared to have a healthy correlation with the price of the crypto as the two moved in tandem on the charts. With CMF holding above zero, capital inflows may keep XMR above its press time support level. The next level of resistance for Monero could be found at $ 230.
The emergence of successive green candlesticks or “three white soldiers” on the 4-hour Augur chart highlighted buying pressure in recent trading sessions as price envisioned a rally towards the 20-SMA (blue). The MACD was at the helm of a bullish cross as the histogram targeted a move above the half line.
The Stochastic RSI also gave positive signals as the index pointed north towards the overbought zone. The next major resistance level could be found at $ 39.2, but stronger indices from the wider market would be needed for a breakout to the north.
The most recent addition to the top 15 coins by market cap, Dogecoin has gained over 7% in the past 24 hours after rebounding from $ 0.04 support. The Bollinger Band suggests volatility was low and the upside could be capped at the resistance level of $ 0.062.
Despite this optimism, the ADX indicator was pointing south as the uptrend seemed to be running out of steam. Given the rally across the market, DOGE may stabilize above the resistance level of $ 0.054 going forward.
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