Decred, Dogecoin, Ethereum: All hail the bullish revival
BTC-ETH correlation currently stood at 0.88 according to data by CoinMetrics. Strongly following Bitcoin’s price movement, Ethereum has been on a consolidation phase as it steadily targeted the $150-mark.
At press time, the second-largest cryptocurrency, ETH stood at a market cap of $16.40 billion with a 24-hour trading volume of $12.76 billion. After a surge of 3.38% over the past 24-hours, the coin’s value climbed to $148.6.
Resistance: $202.8, $245.4
MACD: The MACD line above the signal line suggested the continuation of the bullish trend for the coin in the near-term.
Chaikin Money Flow: The CMF indicator also aligned with the bulls.
Inspired by the Shiba Inu meme, and created by Billy Markus, DOGE has become one of the most popular cryptocurrency. At press time, DOGE was valued at $0.0018 as it held a market cap of $234.8 million. The coin was up by 0.80% which drove its trading volume to $154.03 in the last 24-hours.
Resistance: $0.0025, $0.0032
Parabolic SAR: The dotted markers below the DOGE price candles depicted a bullish phase for the memecoin.
Awesome Oscillator: The AO indicated a bullish momentum in the coin’s fate.
After a wave of market corrections, Decred was finally able to weather the storm as it surged by 0.39% over the last 24-hours which propelled its price to $12.04. At press time, the coin recorded a market cap of $129.73 and a 24-hour trading volume of $77.3 million.
Resistance: $16.33, $20.99
Klinger Oscillator: KO and the signal line appeared to be moving together as the former continued to be in the bullish territory, hovering above the signal line.
RSI: RSI was moving up towards the 50-median depicting a positive sentiment among the buyers in the market.