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ETC continues the bull run while XMR and Dash trend downwards

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ETC continues the bull run; XMR and Dash trend downwards

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April was a good month for the crypto community. Coins like Bitcoin, Ethereum Classic, Monero, Bitcoin Cash, XRP, and Dash have all recorded a significant amount of price gain. However, with the start of May, while Ethereum Classic and VeChain continue the upward trend, Monero, DASH, ETH, BNB are all in for a downward breakout.

Ethereum Classic [ETC]

Source: ETC/USD, TradingView

The 19th coin as per Coinmarketcap, which was trading at$5.9 at the beginning of April saw a sudden drop on April 9; the coin fell by 13% and found support at $5.02 for more than two weeks. From April 21, the coin started an upward run; it experienced a 13% rise on April 29 and another 13% rise on May 2. On May 3, the coin started a downward run, however, CMF indicator hints at the coin recovering and starting a bull run soon.

Resistance: $7.56
Support: $6.41, $5.92, $5.73, $5.02
Press time price:$6.94
Market Cap: $792,591,298
24-Hour Trading Volume: $2,765,911,385

Monero [XMR]

Source: XMR/USD, TradingView

The number one privacy coin Monero saw a quick recovery following the March crash and has not seen a downward breakout since then; it has found support at $52.65 for over a month now. However, on May 1, the coin recorded a downward breakout and as indicated by the MACD indicator’s bearish crossover, the coin might experience a further downward breakout in the coming days.

Resistance: $97.41, $70.52
Support: $52.65, $31.37
Press time price: $59.57
Market Cap: $1,043,863,295
24-hour Trading Volume: $94,531,803


Source: Dash/USD, TradingView

DASH has seen a lot of price fluctuations throughout April. The coin experienced a rise of 9% on April 16 and then fell by 11% on April 21. On April 22, the coin started an upward run and had held support at $76.5.  However, on April 30, DASH recorded a drop by 9% and another drop by 7% on May 3. Furthermore, Stoch RSI and Awesome Oscillator indicators also signal a continued downward breakout in the coming days.

Resistance: $81.09, $83.66, $89.13
Support: $76.50, $72.91, $69.24
Press time price: $76.76
Market Cap: $727,969,471
24-hour Trading Volume: $714,694,678


A Psychology and Journalism graduate, Rakshitha focuses on UK and Indian markets. As a crypto-journalist, her interests lie in blockchain technology adoption across emerging economies.
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