Monero recently dropped from $ 173 to test the $ 149 support and was trading at a significant level as the bulls and bears in the market struggled for control of the market.
IOTA has formed a bullish pattern on the charts and could see a bullish boom targeting $ 0.55. Finally, DigiByte has once again noted some early signs of heading towards $ 0.022.
Monero (XMR) price analysis
In the past few days, Monero has been rejected twice at $ 173. The $ 164 level, which is both the horizontal support and the 38.2% retracement level, could not remain as support as the price dropped to $ 156.
This represented a 50% retracement for the XMR and benefited from a merger with the 50 SMA (yellow) as the same support zone. Therefore, the XMR’s response at this level will determine its short-term action.
A close below $ 156 will likely see once again heading towards the $ 149 support, while some horizontal trades at this level could return to $ 164.
IOTA price analysis
IOTA has formed an ascending triangle (white) which generally sees the price rise. The price of the cryptocurrency has consistently made higher drops over the past few days and the MACD has confirmed these levels as it has registered bullish momentum.
A breakout will see IOTA rise to the $ 0.55 resistance level in the coming days. On the other hand, a trading session below the rising trend line will show that IOTA is ready to drop to $ 0.37.
DigiByte (DGB) price analysis
RSI showed momentum to be neutral for DGB with a value of 47. However, it had just tested the neutral 50 and could not pass it. This was indicative of a possible short-term bearish trend in the charts.
It was trading in the range of $ 0.022 to $ 0.032, with a midpoint of $ 0.027. The midpoint points to historical support and resistance levels, as well as levels of interest for the DGB at the time of writing.
The price can be expected to test the $ 0.025 support as the DGB breaks below the midpoint. Losing this zone will soon strengthen the DGB’s testing for $ 0.022.