Monero reversed the $ 143 resistance level, but it seems unlikely that it will move above $ 148 as the bullish momentum slows. Although DOGE is predicted to decline in the short term, uncertainty prevails in the market.
Monero (XMR) price analysis
The bulls of the market regained the $ 143 price level as Monero moved towards the next resistance level from $ 148. The gains over the past few days are highlighted by the bullish trend on the 4-hour chart. While the bulls seem to be tightly controlling the price, the MACD’s histogram showed that the bullish momentum was waning, even though the histogram was bullish. An extended rally across the entire market will be required to push XMR up.
Chaikin Money Flow is stable above zero on the charts.
The fact that the channel is not being stepped on at the moment may indicate that XMR is entering a consolidation phase. A drop below $ 139 could result in the bears targeting the next line of defense at $ 134.4.
Dogecoin (DOGE) price analysis
Bollinger Bands on DOGE showed that the volatility in the market finally subsided after the price surged to record highs with a massive 800% increase. It was interesting that the bulls kept the price above the 20-SMA, despite DOGE losing about 16% of its earnings in the last 24 hours.
The DOGE market is receding and a short-term drop was expected in the next few sessions as the 24-hour trading volume dropped by over 50%. The Awesome Oscillator dropped below the equilibrium mark, supporting bearish forecasts. Despite the decline, there is a lot of uncertainty in the DOGE market considering the price movements over the past six days.