After welcoming a bullish trend as the month dawned, a few altcoins underwent a downside correction and propelled a fresh market, one where the alts were closer to their support levels.
Ethereum Classic [ETC]
Source: ETC/USD on TradingView
Ethereum Classic’s partnership with Chainlink earlier last month has been one of the biggest highlights for the ecosystem this year.
At press time, ETC was priced at $4.80 with a market cap of $575.7 million and a 24-hour trading volume of $1.31 million. Further, the coin recorded a slight change of 0.12% to the positive side.
Resistance: $6.93, $9.76
Support: $3.47
MACD: The MACD line moving above the signal line represented a bullish phase for the coin.
CMF: The CMF also appeared to have sprung up to the bullish region.
Maker [MKR]
Source: MKR/USD on TradingView
In a bid to bring in more decentralization into the Maker ecosystem, the foundation recently announced the transfer control of MKR tokens to the community.
At press time, MKR was registering a market cap of $320.1 million and a 24-hour trading volume of $3.20 million. The token was up by a whopping 7.66%, a movement that prompted its price to climb to $284.9.
Resistance: $657.9
Support: $201.7
Parabolic SAR: The dotted markers below the MKR candlesticks implied a bullish trend for the coin in the offing.
Awesome Oscillator: The AO indicator, however, was slightly bearish as the final closing bar was red.
Dogecoin [DOGE]
Source: DOGE/USD on TradingView
This world’s most famous memecoin found support from Tesla honcho, Elon Musk, recently. On its price side, the coin registered a market cap of $224.2 million and was trading at $0.0017, at press time. Additionally, DOGE recorded a trading volume of $156.7 million after a minor decline of 0.71% over the last 24-hours.
Resistance: $0.0025, $0.0032
Support: $0.0015
Klinger Oscillator: Despite the KO line hovering close to the signal line, this indicator noted a bullish trend for the memecoin.
Relative Strength Index: The RSI indicator appeared to be in the oversold region, suggesting that selling pressure was weighing down the DOGE market.
