Although Monero is trading in a narrow range, it has once again approached the $ 164 resistance level in the past few hours. Last week, it showed an upward trend and remained above the midpoint. Dash, on the other hand, constitutes a not yet approved comb trading model.

Monero (XMR) price analysis

In mid-December, the XMR touched $ 164 and dropped to $ 142 a few days later. Since then, the price has mostly traded at the $ 148-164 support and resistance levels.

The attempt to break in either direction was reversed very quickly and occurred at a good volume, indicating that the market was not ready for such a move.

However, we may see this break in the next few days. The trading volume remained stable and the RSI showed a neutral momentum even as the XMR approached the $ 164 level.

It is likely to trade sideways under resistance for a while before seeing a breakout in the bullish, offering $ 180 as a target for the bulls.

Dash (DASH) price analysis

DASH created a reverse and rising comb that has not yet been verified. This bullish pattern sees the price retesting the pattern’s peaks (in this context, at $ 113) and bullish.

The stochastic RSI has plunged into the oversold zone and is recovering, while the MACD is showing strengthening bearish momentum.

See Also
Cosmos (ATOM) and Basic Attention Token (BAT) price analysis

A close below the $ 100-98 base set in the past few hours could indicate that the coin could go further down and override the pattern.


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