With Bitcoin peaking today as it stood above the $50k mark, the altcoin industry saw an inflow of buying pressure. EOS recorded a weekly excessive after registering good points of 5.8% in 24 hours. Ethereum Classic hiked by 4.6% and toppled its $65.48 resistance.
Lastly, DASH logged good points of 6.5% whereas it eyed a retest of the $279.31 value ceiling.
EOS
EOS gained by 5.8% over the last 24 hours and was priced at $5.34. EOS stood at a weekly excessive at its press time value stage.
The altcoin has been on a bullish run lately, one supported by technical parameters too. Shopping for energy mounted because the Relative Energy Index went past the 60-mark. The Awesome Oscillator flashed green signal bars.
The Bollinger Bands diverged on the charts, highlighting the better chance of market volatility.
On the downside, EOS could fall towards the $5.10 support line, one which has been a propelling point for multiple rallies since 14 August. An try to fall beneath $5.10 would settle EOS down at $4.59.
Ethereum Classic [ETC]
Ethereum Classic rose by 4.6% on its chart over the last 24 hours and was available for $68.07, at press time. This marked ETC’s one-week excessive because the altcoin lately toppled the $65.48 resistance. With a sustained uptrend, the alt could touch the $70.93 price ceiling, toppling which it could retest $75.10.
Shopping for stress was on the rise because the Relative Energy Index remained constructive above 60. Green signal bars were seen on the Awesome Oscillator. The MACD additionally famous inexperienced histograms after a bullish crossover.
On the downside, the support level for ETC stood at $65.48. Failing to maintain the aforementioned stage would imply ETC resting on $58.09, a value stage it hasn’t fallen beneath since 12 August.
On the developmental front, there hasn’t been any update regarding the Mystique Hard Fork.
DASH
DASH was priced at $244.48 on the again of a 6.5% hike over the day. It recently topped the $234.84 resistance level, with its immediate resistance at $251.85. Transferring above the aforementioned stage might push DASH to retest $279.31.
Parameters remained bullish for the coin. The Relative Energy Index underlined excessive shopping for stress. Buy signals were seen on the Awesome Oscillator.
Lastly, the Chaikin Cash Stream registered better capital inflows, with the indicator parked close to the 0.37-mark, marking a multi-month excessive.
