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Market Cap $2,521,013,926,140.00
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24h Market Cap Change $-0.39

Decred, Cosmos, Monero Price: Strong technicals dismiss market concerns

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Not all coins have noted bullish price action after the latest rally in the cryptocurrency market. However, despite appearing bearish, the following altcoins did register some positive technical indices.

Monero [XMR]

On the development side, a Monero developer recently announced the release of a new version – v0.15.0.5, dubbed ‘Carbon Chamaeleon.’

The privacy coin fell by 0.32% over the last 24-hours, with XMR’s press time price standing at $46.9 as it held a market cap of $820.9 million and a 24-hour trading volume of $130.4%

Resistance: $69.46, $85.6

Support: $31.6

MACD: The MACD indicator aligned with the XMR bulls, with the signal line hovering below.

Chaikin Money Flow: The CMF indicator also headed for a bullish revival.

Source: XMR/USD on TradingView

Cosmos [ATOM]

In a boost for the ecosystem, Binance U.S recently announced plans for listing ATOM, the native currency of the interoperable blockchain, Cosmos. At press time, ATOM was valued at $1.95 after a minor decline of 1.36% over the past 24-hours. Additionally, it held a market cap of $372.46 million and a 24-hour trading volume of $116.8 million.

Resistance: $3.85, $5.04

Support: $1.58

Parabolic SAR: The dotted markers appeared below the ATOM price candles, indicative of a bullish price trend for the coin.

Awesome Oscillator: The closing green lines on the AO indicator also implied a bullish phase for the coin.

Source: XMR/USD on TradingView

Decred [DCR]

Decred [DCR], launched in 2016, is originally a Bitcoin codebase fork. This project incorporates governance functions using both hybrid Proof of Work [PoW] as well as Proof of Stake [PoS] consensus system.

The DCR token rose by 3.13%, something that pushed its value to $11.28. At press time, DCR had registered a market cap of $121.6 million and a 24-hour trading volume of $76.004 million.

Resistance: $16.33, $20.9

Support: $9.29

Klinger Oscillator: The KO line was above the signal line, a bullish sign for the coin.

Relative Strength Index: The RSI appeared to be heading towards the neutral region of 50-median. This might be a sign of investor revival in the market.

Source: DCR/USD on TradingView


Chayanika is a full-time cryptocurrency journalist at AMBCrypto. A graduate in Political Science and Journalism, her writing is centered around regulation and policy-making regarding the cryptocurrency sector.
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