The cryptocurrency market has mainly seen consolidation. The likes of Bitcoin Cash and Ethereum Classic were slightly appreciated with sideways trading. Bitcoin Cash was trading near its immediate resistance, while Ethereum Classic displayed increased buying strength. On the other hand, IOTA depreciated 1.4% and was trading near its immediate support level.
Bitcoin Cash (BCH)
Bitcoin Cash was priced at $ 567.19 and had appreciated 1.7% in the past 24 hours. The immediate resistance level for altcoin was $ 598.80 and then $ 694.84. The buying pressure has returned, indicating a rise in prices. The technical data was mostly positive.
The relative strength index was seen above the midline, meaning the buying force remained positive. Awesome oscillator Flashing green warning bars. MACD displays red bars on the histogram.
On the other hand, the support level was $ 554.37 and then $ 503.64. The other floor price was $ 476.93.
IOTA was trading at $ 1.25 and has depreciated 1.4% in the past 24 hours. The closest support level was at $ 1.20 and then at $ 1.16. Key technical elements had indicated that the price of IOTA had taken a bearish action on the price.
The Relative strength The index struggled to revive as it threatened to fall below the half line. The Awesome oscillator flashing red warning bars.
Chaikin Money Flow was above the midline because capital inflows were positive. The resistance mark of the coin, if prices reversed, stood at $ 1.42.
Ethereum Classic (ETC)
Ethereum Classic was trading at $ 53.52 and edged up 1.7% in the past 24 hours. With increased buying power, the coin’s price also recovered. By the four hours, the ETC price was above the 20-SMA line, suggesting that the price momentum was in favor of buyers.
The relative strength index was above the midline, which meant the buying pressure was still positive. Chaikin Money Flow was above the midline as capital inflows were bullish.
Awesome oscillator Flashing green warning bars. The support line for the coin was at $ 51.43 and then at $ 47.13.