Bitcoin’s recent price surge has undoubtedly been positive for much of the altcoin market, with many continuing to closely follow the king coin’s price movement. After establishing a series of highs over the past few weeks, the altcoins’ technical indices have continued to favour the bulls.
Stellar [XLM]
Source: XLM/USD on TradingView
The Stellar Development Foundation [SDF], Lumenthropy, an XML-powered philanthropic organization, as well as the Stellar community, are at the head of the efforts against Coronavirus after they announced the launch of a donation program to give out 2.5 million XLM to token-supported charities to tackle the pandemic.
XLM was down by 1.79% over the past 24-hours, something that drove its price $0.041. At press time, the token was registering a market cap at $837 million and a 24-hour trading volume of $365 million.
Resistance: $0.062, $0.087
Support: $0.031
MACD: The MACD line was hovering above the signal line, highlighting a bullish phase for the coin.
Chaikin Money Flow: The CMF indicator was also bullish for XLM’s price.
Huobi Token [HT]
Source: HT/USD on TradingView
Like the SDF, Huobi Charity is also contributing to the efforts against COVID-19 after it announced a donation of approximately $50,000 in Huobi Tokens [HT] to the Indonesia-China Association of Economic, Social and Cultural Cooperation [ICAESCC] for the purchase of medical supplies for hospitals.
Huobi Token [HT] was valued at $3.53, at press time, after it recorded a minor surge of 1.10% over the past 24-hours. Additionally, HT recorded a market cap of $797 million and a 24-hour trading volume of $166 million.
Resistance: $3.98, $5.02
Support: $2.40
Parabolic SAR: The dotted markers below the HT price candles depicted a bullish trend for the coin.
Awesome Oscillator: The green closing bars of the AO indicator also highlighted a bullish phase for HT.
Nano [NANO]
Source: NANO/USD on TradingView
At press time, NANO was priced at $0.566, with a market cap of $75.5 million. The token registered a trading volume of $5.13 million after surging by 6.24% over the last 24-hours.
Resistance: $0.913, $1.13
Support: $0.36
Klinger Oscillator: The KO line above the signal line suggested the coin’s presence in bullish territory.
Relative Strength: The RSI was above the 50-median zone and appeared to be heading for the overbought zone.
