The cryptocurrency market mostly flashed on consolidation. Bitcoin Cash and Ethereum Classic appreciated slightly in lateral trading. Bitcoin Cash traded near its immediate resistance, while Ethereum Classic had increased purchasing power. IOTA, on the other hand, lost 1.4% and traded near its immediate support level.
Bitcoin Cash (BCH)
Bitcoin Cash was priced at $ 567.19 and was up 1.7% in the past 24 hours. The immediate resistance level for the altcoin was $ 598.80 and then $ 694.84. Buying pressure recovered, which indicated rising prices. The technical data were mostly positive.
the Relative Strength Index was seen above the center line, which meant that purchasing power remained positive. Great oscillator flashing green signal bars. MACD red bars are displayed in the histogram.
On the flip side, the support level was at $ 554.37 and then $ 503.64. The other floor price was $ 476.93.
IOTA was trading at $ 1.25, down 1.4% in the past 24 hours. The next level of support was at $ 1.20 and then at $ 1.16. Important technical data had indicated that IOTA’s price had carried out a downward price action.
the Relative strength The index struggled to revive as it threatened to drop below the half-value line. the Great oscillator red flashing signal bars.
Chaikin money flow was above the half-line as capital inflows were positive. The resistance level for the coin on a reversal was $ 1.42.
Ethereum Classic (ETC)
Ethereum Classic was trading at $ 53.52, up a marginal 1.7% over the past 24 hours. As purchasing power increased, so did the price of the coin. In the four hour period, ETC’s price was above the 20 SMA line, suggesting that price momentum was favoring buyers.
the Relative Strength Index was above half the line which meant the buying pressure was still positive. Chaikin money flow was above mid-line as capital inflows were bullish.
Great oscillator flashing green signal bars. The support line for the coin was at $ 51.43 and then at $ 47.13.