stronger selling pressure, and appeared likely to test the $150 level of support at the time of writing. Dogecoin’s period of consolidation at $0.01 came to an end in the face of selling pressure and it was headed further south.

$0.3 is a crucial level for XRP. Over the next few days at least, it can be expected to offer resistance to the price. The range between $0.17 and $0.3 has seen XRP move within it for the most part since July 2019.

The mid-point of this range at $0.23, along with $0.25, is the immediate levels of support for XRP.

The ascending triangle pattern did not see XRP move beyond $0.35, and on the 1-hour chart, the MACD showed strong bearish momentum. The drop reversed at $0.25 as buyers stepped in.

The reaction in the $0.295-$0.3 region will be important over the next day or two- a rejection would mean another move to $0.25, while some consolidation there is likely to be followed by a breakout back to the upside.

Monero was extremely volatile over the past two days. The breakout above $150 saw a move to $185, and rejection that retested the $150 level – a 23.8% and 19.4% move respectively.

The price was back within the $150-$164 range. The OBV, after the roller-coaster ride that the past two weeks have been, was back where it was at in late December.

A climb back above the mid-point of the range at $158 would be bullish for XMR, while a trading session close beneath this point would see XMR retest the $150 support and possibly lose it to the bears.

DOGE lost 15% over the past 24 hours and the price moved beneath the 20 SMA (white), after a few days of consolidation around the $0.01 mark.

Further retracement could be in order for DOGE as the RSI slipped below neutral 50 to denote bearish momentum. A retest of the neutral 50 and another drop for the RSI would indicate a short-term downtrend.

The market-wide selling pressure, if at an end, would see BTC and ETH either stabilize and trade within a range, or resume their prior uptrend. Over the next few days, this could positively impact DOGE prices as well.

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Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.

Litecoin, Monero, Dash Price Analysis: 13 January

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lead, altcoins such as Litecoin, Monero, and DASH flashed red, with the direction of their near-term movement still far from certain.

Litecoin, the world’s sixth-largest cryptocurrency, was trading at $134.7 at press time, with LTC down by $4.3% in the last 24 hours. However, its weekly losses stood at nearly 18% as LTC found itself among the biggest weekly losers among the top 10 coins by market cap.

Clearly, Bitcoin’s correction has had a damaging effect on Litecoin’s price over the last few days. At the time of writing, the support at $132.27 offered some relief to the price and prevented a move lower down the charts.

The MACD suggested that the cryptocurrency’s price could rise in the short-term as a bullish crossover was looking to develop. In such a case, the bulls could target the resistance at $148.80.

The Stochastic RSI also confirmed that the price could be bullish moving forward as the index was pointed upwards towards the overbought region. However, LTC’s movement could largely be determined by the king coin’s direction over the next few days. If BTC falls even lower, LTC could head towards the next support line at $124.5.

Monero’s southbound movement was halted at the support at $157.07 after falling by over 6% in the last 24 hours. While the market’s bulls would be hoping to maintain the press time support level, a broader market plunge could drive XMR towards the next support at $143.34.

The Relative Strength Index was pointing upwards, a sign that momentum could shift towards the buyers. On the other hand, if market leaders BTC and ETH are little changed over the next few sessions, XMR could consolidate within its present channel.

The Parabolic SAR’s dotted markers were above the candlesticks, a sign that the price has been on a downtrend for the past couple of days.

DASH’s road to recovery came to an abrupt end after the broader market dragged the cryptocurrency below the $133.4-mark. Despite the fall, however, its weekly gains stood tall at 37.9% and underlined the buying pressure that lifted the crypto’s price since Bittrex’s delisting announcement.

To counter the latest price drop, the market’s bulls held the price around the support of $115.82 and eyed a move towards the immediate resistance level. If the broader market posts gains moving forward, DASH could topple its upper ceiling and move towards its local high of $159.5.

The Awesome Oscillator underscored the drop from DASH’s local high of $159.54 as the bars were decreasing in length and moving towards the equilibrium mark.

The On Balance Volume registered an uptick and suggested that a move higher on the charts could be backed by healthy buying volumes in the market.

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A business graduate with a keen interest in emerging markets across South East Asia. As a financial journalist, he covered stocks and market reports across Australia and New Zealand as well.

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breached the $40,000 level to register a high of $41,986. Ethereum was also trading above $1,200 and the altcoin market saw many coins, large-cap or otherwise, register good gains.

XRP had a rather unclear picture. Further bearish news or a correction across the market could easily see XRP lose the important $0.3 level to the bears.

We know how XRP’s surge to $0.78 turned out. What is important to consider is the fact that, prior to the breakout, XRP was trading within a range from $0.17 to $0.3 since July 2019.

In the long-term, $0.3 is a very important level indeed. That is why the move above this level over the past few days gave some hope to XRP bulls.

Even though XRP has a low correlation of +0.3 to BTC, it remains a fact that XRP has not seen anywhere near the expected appreciation while Bitcoin and Ether multiplied in value over the past few months. A deep correction in the crypto market will see XRP face intense selling pressure as well.

Hence, for XRP, a short position is likely to turn out to be the profitable bet over the coming weeks, provided $0.3 is ceded to the bears.

The RSI showed that the bearish momentum which seized XRP has given way to a more neutral outlook. The defense of the $0.3 level is of vital importance over the coming weeks.

A daily close beneath this level is very likely to see XRP register further losses, with the mid-point of the range at $0.23 likely to be tested in that case.

The RSI has not yet risen past neutral 50, and could be poised to test that value before heading downward once more alongside the price. The 100 day moving average (pink) can also be expected to offer resistance to XRP.

Note that this trade requires $0.3 to be lost and retested as resistance to enter a short position.

Stop-loss: $0.345

Take-profit: $0.23

Risk-to-reward: 1.56

In the scenario that XRP loses the $0.3 level to selling pressure, a short position is recommended. A consolidation above this level over the next few days does not necessarily mean that XRP is on the road to recovery, but a move above $0.36 would indicate bullish strength for XRP.

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Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.

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and moving lower on the charts.

Litecoin’s 4-hour chart highlighted the cryptocurrency’s price surge in the month of December, a surge that saw LTC hitting higher highs and higher lows. The said uptrend poured billions into Litecoin’s market cap, with the cryptocurrency also managing to register returns of 81.26% over the past 30 days.

While the price has breached several resistance levels over the past week, certain indicators suggested that the crypto-asset was slowly losing steam.

The Bollinger Bands noted a high degree of volatility in Litecoin’s price. The price traded on the upper band and indicated that a bearish bounceback could be on the cards.

With the Relative Strength Index stabilizing just below the overbought zone, a move south from the upper region showed that the market’s bears were trying to take control. If the index moves lower and below the neutral territory, support at $100.85 could be tested.

Like Litecoin, Dogecoin’s price has surged on the charts this month. The crypto, modeled after the popular ‘Doge meme’, has provided returns of over 37% in the last 30 days and it found itself amidst the top gainers for the month.

However, the last few sessions have been uneventful for DOGE as the prices consolidated between a tight channel of $0.042 and $0.046. The short-term outlook could reflect the same consolidation, with the price continuing to trade between this channel.

The Awesome Oscillator was relatively flat, indicating that buying pressure was being matched by selling pressure.

Finally, the Chaikin Money Flow indicated a subdued flow of money flow into the cryptocurrency’s market.

While Litecoin and Dogecoin have seen higher prices this month, the same cannot be said for STEEM as its price dropped by over 5% in the past 30 days. In fact, the cryptocurrency has been on a clear downtrend since the start of the month by hitting lower highs and lower lows.

At the time of writing, the price was trading between a channel of $0.146 and $0.166. However, it could move lower in the short-term as some indicators pointed to a bearish reversal for the crypto-asset.

The MACD showed that bullish momentum was losing steam, as the Signal line was moving towards the fast-moving MACD line. The histogram was also falling, suggesting that a bearish crossover could move prices lower in the near future.

The Stochastic RSI was heading south from the overbought region, suggesting that buying pressure was falling. Historically, the index has moved swiftly towards the oversold region whenever the upper region has been breached. In the short-term, it is likely that the same could happen once again.

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A business graduate with a keen interest in emerging markets across South East Asia. As a financial journalist, he covered stocks and market reports across Australia and New Zealand as well.

Litecoin, VeChain, Algorand Price Analysis: 02 January

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This article takes a look at Bitcoin Cash in both short and long-term time frames to determine if things have changed or whether it will.

It is advised to read a previous article before getting into this article.

On the 1-hour chart, BCH is respecting the rounded bottom support as it has tested it more than thrice in the last month. Moreover, the buying pressure pushed the price by $100 from $260 to $360 in 4 days. Currently, the price is near the local top, and is looking to take a jab at it again, especially after two failed attempts, both in the last two weeks of December.

With bitcoin surging higher, things seem to be both in a bull run and not, since some altcoins are doing well while others are struggling. One common theme across most altcoins is that their value in terms of BTC is reducing at a faster pace with every step that bitcoin takes.

Perhaps the most that BCH can do now is try to overcome the local top that ranges from $373 to $383, a $10 barrier. So, on a short-term time frame, the chances to scalp are looking good.

The one-day chart shows a clear picture of the multi-year rounded bottom pattern that has been holding up since mid-2019. As mentioned in a previous article, a good time to enter a long trade would be in the range of $309 to $328. This assumes that there will be a retracement from BCH soon, which will depreciate the price by 9% to 14%. This makes sense considering the aforementioned local top that has prevented the price thrice on the daily time frame from breaking out.

In an extremely bearish scenario, we can expect BCH to retest the rounded bottom and then proceed with breaking the local top and head higher. On a lower level, BCH is looking good for scalps, however, on the higher time frame, one needs to be cautious as to where BCH might go. There are equal chances of retracement to the aforementioned range or a breakout of the local top.

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Akash is a full-time cryptocurrency writer and an analyst at AMBCrypto. He is an engineering graduate with an avid interest in finance and economics. Attracted to the chaos of trading, Akash has invested in BTC, ETH and XRP for educational purposes.

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critical level at $3, while Basic Attention Token also lost the mid-point of its market range of the past few weeks to bears and was headed toward $0.2.

The longer-term outlook indicated that the pullback was a healthy reset of the strong upside momentum. Going level-by-level, the defense of $1000 has been resolute, with a level of support at $975 right beneath. In the scenario of a further drop, the 50% retracement level at$850, with the horizontal support at $835 would be the next region of interest.

A retest of the $1150 level followed by rejection would indicate impending bearishness, while a trading session close above that level would give bulls hope.

The RSI sank below neutral 50 to highlight short-term bearishness, while the Stochastic RSI was in the oversold region. These signs pointed toward a minor rise for ETH followed by rejection in the $1150 region.

EOS reclaimed the $3 level a few days ago, a significant bullish development. It rose past $3.35 and attempted to flip $3.67 but crashed hard over the past few trading sessions.

Amounting to nearly 28% losses over the past 20 hours at the time of writing, EOS lost the critical $3 level once more as it traded at $2.78.

The OBV showed that the past wave of selling nearly undid all the previous accumulated buying, likely putting EOS back on square one. Its next direction would likely be dictated by ETH.

The $0.29 region saw BAT face selling pressure and fall to $0.27, and the recent hours of selling pressure drove the prices down a further 21%.

The MACD had shown a bearish divergence when BAT rose to $0.29, presaging the drop to $0.27. Thereafter, the selling pressure on BTC and ETH played a major role.

This drop meant that BAT was back within the range between support at $0.2 and resistance at $0.27. The mid-point of this range is at $0.232, and BAT’s move beneath it meant a move to $0.2 is in order.

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Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.

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of the altcoins Ethereum has seen many large-cap coins surge. Binance Coin has been one of the best performing exchange tokens, with a YTD return on investment of 195%. BNB climbed past its previous all-time high at $39.2 and was trading at $44.3 at the time of writing.

The 12-hour chart showed that BNB’s outlook is strongly bullish. The $40.2-$41.5 region can be expected to serve as strong support should BNB see a pullback. And a pullback was signaled, although it need not materialize immediately. This dip, when it occurs, can give a good opportunity to enter a long position.

The RSI showed a bearish divergence as it made lower highs while the price continued to make higher highs. The MACD highlights the bullish sentiment throughout December and showed this momentum could have cooled off as the signal line and the MACD line were in close proximity.

The Gann fan lines (yellow) from a swing low at $26.6 highlighted potential lines of support and resistance for BNB. The confluence of the 1:1 line with the horizontal support at $41.5 indicated strong support.

A stop-loss beneath the $39.59 area of support can be used. The move from the swing low of $26.6 projected a 27% extension level at $51.65, hence a take-profit order just beneath this level can be used.

Stop-loss:$39.4

Take-profit: $51.58

Risk-to-reward: 4.37

The bearish divergence presents a good chance that BNB sees a minor pullback. This dip to a strong area of support can be used to enter a long position. The bullish momentum of BNB over the past few weeks is not yet done on the longer timeframe. Ethereum is also nearing its ATH, and BNB has a close, positive correlation with ETH.

Cardano, Aave, BAT Price Analysis: 10 January

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Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.

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writing it was down to $316 billion. At press time Bitcoin was being traded at $10830 with a 24-hour trading volume of 13.2 billion.

While Bitcoin and Ethereum incurred massive gains, some of the altcoins had relatively lukewarm turnarounds over the past 24-hours.

Cardano [ADA]

One of the top altcoins of the year, Cardano was surprisingly quiet during the current rally. Over the past 24-hours, the asset registered a decline of 2.03 percent. The asset had also surrendered its 6th position to Bitcoin SV as it stood at 7th with a market cap of $3.58 billion. The trading volume recouped over the past day is $685 million.

Bollinger Bands suggested a drop in volatility for the token as MACD suggested that the trend is still bullish for the crypto. However, Chaikin Money Flow or CMF indicated that capital outflows are starting to increase in comparison to capital inflows.

In a recent YouTube AMA, Charles Hoskinson revealed about the status of a number of tenders aimed at making inroads into Africa for the token.

Monero [XMR]

On the other hand, Monero was able to capitalize on the rally with a surge of 5.23 percent over the last 24-hours. With a market cap of $1.43 billion, XMR jumped one position to 15th but its trading volume continued to be disappointing at $129 million/24-hour.

Market indicators suggested a positive trend for the asset. Chaikin Money Flow exhibited inflows of capital, wheres the Relative Strength Index or RSI suggested high buying pressure. However, it is important to note the RSI is on a decline at press time.

Monero’s image in the industry continued to be questioned as Coinbase CEO Brian Armstrong suggested that the exchange won’t list XMR tokens because of its issues with regulators.

Basic Attention Token [BAT]

Lastly, BAT tokens continued to struggle at the 33rd spot despite the positive sentiment in the industry. With a market cap of $368 million, BAT had better trading volume than Monero at $147 million over the past day. However, the asset registered minor sideways movement in the charts, appearing reluctant to take part in the surge.

Bollinger Bands appeared to have converged, indicative of reduced volatility. Parabolic SAR suggested a bullish trend as the dotted lines appeared under the candlesticks. A similar sentiment was witnessed with Relative Strength Index or RSI as buying pressure continued to maintain an upper hand in the charts.

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Biraajmaan is a full-time journalist at AMBCrypto covering the US market. A graduate in Automobile engineering, he writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

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resistance of $12,000. At press time, BTC was trading at $11,694 and noted a 1.47 percent price hike in the past 24-hours.

Such behavior had a ripple effect on the rest of the altcoin market, with some like Tezos and Monero noting differing fortunes. However, that wasn’t the case with Cosmos.

Tezos [XTZ]

Tezos [XTZ] has been one of the market’s best-performing cryptos over the last 6-8 months. However, this reputation gained steam recently after the months of July and August saw XTZ surge in value on the charts. August, especially, has seen Tezos climb incredibly, with XTZ noted to have registered a hike of over 40% over the last week. At the time of writing, corrections were seeping into the market, which is why the last candle on the charts was a red one.

The aforementioned hike in value was also responsible for Tezos hitting its ATH on the charts recently.

The bullishness in the market was highlighted by the crypto’s technical indicators as while the Parabolic SAR’s dotted markers were well below the price candles, the MACD line was surging well over the Signal line.

In other news, the market’s traders seem to be embracing XTZ’s price action, with more XTZ longs open than ever before.

Monero [XMR]

Compared to Tezos, Monero’s price movements were more inconsistent. While the months of July and August did see Monero climb on the charts, the last week has been quite volatile. In fact, XMR fell by almost 9% over the timeframe, before recovering by over 6%. At the time of writing, however, Monero was continuing to trade well over its support levels.

The cryptocurrency’s price-performance was underlined by XMR’s technical indicators as while the mouth of the Bollinger Bands continued to be wide open in a sign of near-term volatility, the Chaikin Money Flow was just under 0.40 and pointed to healthy capital inflows into the market.

While Monero is the market’s foremost privacy coin, cryptos with such niche utilities haven’t had the best time recently with many agencies and governments keen to keep track of their blockchains. Russia’s ‘Transparent Blockchain’ system is just one such example.

Cosmos [ATOM]

Cosmos, the 17th-ranked cryptocurrency in the market, has seen its value appreciate dramatically over the past 10 days, with ATOM one of the industry’s best performers over the period. In fact, unlike Monero and Tezos, its price movement over the last week has been consistently bullish, with ATOM surging by over 50% on the charts. At the time of writing, ATOM was registering YTD gains of over 40%. Further, ATOM did also breach its highest price point in over a year.

ATOM’s indicators highlighted how well the market was doing as while the Awesome Oscillator’s histogram pictured a lot of bullish momentum, the Relative Strength Index was holding firm in the overbought zone.

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Jibin is a news editor at AMBCrypto. With over three years of experience as a political writer, he primarily focuses on the political impact of crypto developments. A graduate in Law and International Relations, his writing is by and large focused on cryptocurrencies from the political and financial perspective. A Liverpool FC fan. YNWA

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orange, the price made higher highs as the momentum indicator (RSI) made lower highs. This showed that the bullish momentum had lost steam and BTC would be forced to drop.

Bitcoin was forced as low as $11,200 before recovery. The $11,300 and $10,800 are important levels of support for the asset. A break above $11,600 would mean bulls were strong in the market.

Another thing to keep an eye on would be if RSI broke upwards past the descending trendline (orange). This could accompany a BTC move upward.

The uptrend for XMR was still in play. As shown by the Fibonacci Retracement tool, the asset was pulling back to key retracement levels before another move upward. This move could take days or even a couple of weeks to break above $135.

It can be seen that the 38.2% retracement level held well as support. The 50% retracement also coincides with the $115 historic level, reinforcing its strength.

The OBV showed that buying volume was still strong. The white line on the OBV is a level to watch out for. If OBV moved beneath this line, it would indicate that buyers were losing their grip on the market. It could presage a move for XMR beneath $115 support.

In other news, XMR market cap at $2.1 billion was a two-year high, after September 2018’s $2.25 billion.

The 20 period VWMA (green- volume weighted moving average) snaked beneath the 20 period SMA (white), showing that there was momentum in the past few hours for DOGE to the downside.

The MACD was still showing a strong sell signal, but a bullish crossover beneath the zero line might occur if DOGE bounced off support at $0.00258.

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Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.

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17.3% lower against the U.S. dollar. One Monero coin can currently be bought for $134.06 or 0.00392747 BTC on popular exchanges. Monero has a total market cap of $2.39 billion and approximately $1.46 billion worth of Monero was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

Monero Profile

According to CryptoCompare, “Ring Signature The Basics In cryptography, a ring signature is a type of digital signature that can be performed by any member of a group of users that each have keys. Therefore, a message signed with a ring signature is endorsed by someone in a particular group of people. One of the security properties of a ring signature is that it should be computationally infeasible to determine which of the group members' keys was used to produce the signature. For instance, a ring signature could be used to provide an anonymous signature from “a high-ranking White House official”, without revealing which official signed the message. Ring signatures are right for this application because the anonymity of a ring signature cannot be revoked, and because the group for a ring signature can be improvised (requires no prior setup).   Application to Monero A ring signature makes use of your account keys and a number of public keys (also known as outputs) pulled from the blockchain using a triangular distribution method. Over the course of time, past outputs could be used multiple times to form possible signer participants. In a “ring” of possible signers, all ring members are equal and valid. There is no way an outside observer can tell which of the possible signers in a signature group belongs to your account. So, ring signatures ensure that transaction outputs are untraceable. Moreover, there are no fungibility issues with Monero given that every transaction output has plausible deniability (e.g. the network can not tell which outputs are spent or unspent). To read how Monero gives you privacy by default (unlinkability), see stealth addresses. “

Monero Coin Trading

Monero can be purchased on these cryptocurrency exchanges:. It is usually not presently possible to buy alternative cryptocurrencies such as Monero directly using US dollars. Investors seeking to trade Monero should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Monero using one of the exchanges listed above.

significant volatility, with its charts seeing very dull price movement. Despite its strong bond with Bitcoin, Litecoin has been consolidating on the charts, with LTC yet to see strong price movement. At the time of writing. the price of LTC was $127 while noting the emergence of strong selling pressure.

Litecoin one-hour chart

According to the attached chart, Litecoin’s market has been consolidating between $123.67 and $132.62. However, since the coin has been moving within this range for a while now, the chances of a drastic price swing have been low. The cryptocurrency’s price was moving lower towards the support at $123.67, and traders may want to mitigate some losses by shorting this position.

Reasoning

The Bollinger Bands were indicative of the reduced volatility in the market. However, as such an erratic price movement has been witnessed before, the sudden selling pressure could increase the volatility briefly. The Relative Strength Index, while once close to the equilibrium zone, was pointing lower, signaling the emergence of selling pressure.

As previously noticed, the $123-level has been a strong support level, with the price reverting from this point. Even if the price continued to fall beyond this level, it may not drop to a great extent. The MACD line suggested an indecisive market, as the bars had also reduced. This affirmed the sideways movement of the digital asset.

Conclusion

Litecoin’s market did not witness a strong price swing and looking at the short-term market, a price swing may not be in the picture yet. As the selling pressure increases, given the downward trending price, the traders may be able to make a meager profit, but not a significant one. However, given its strong correlation with BTC, a fall might be imminent in the longer-term.

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Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

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succumbed to the fall and fell below multiple support levels. On the other hand, ZEC managed to give positive returns in a turbulent market but showed bearish signals moving forward.

Chainlink nosedived by 19% in the last 24 hours as panic selling gripped the market. Several support levels failed to hold prices at bay as LINK fell towards the $14.22 level. The indicators flashed more bearish signals and suggested that prices could spiral downwards towards $13.18, however, the market bulls will be hoping that prices find a foothold at the current support mark.

The MACD’s signal line moved well above the fast-moving line, while the red bars on the histogram increased above the equilibrium mark. This indicated that the bears were in firm control of the prices.

The On Balance Volume fell sharply lower and highlighted the selling pressure that has impacted prices.

A gain of over 60% in the past few days saw Bitcoin SV rise towards a local high of $325.1 as buyers assumed control of the prices. However, most of the gains were retraced after the broader market plunge took BSV lower towards the $189.29 mark. At the time of writing, the crypto asset was trading close to $188, down by over 35% since yesterday.

The Stochastic RSI moved in the oversold region, a sign that prices were bearish. While the index could trade in this region over the next few sessions, a potential reversal could also be on the cards if it bounces back and rises towards the overbought region. In such a scenario, the bulls could look to target a rise above immediate resistance at $228.96.

Chaikin Money Flow showed that the capital inflows that lifted BSV to its local high were now moving away from the cryptocurrency. If the index moves upwards once again, the inflows could drive prices towards their local high.

In comparison with its counterparts BSV and LINK, losses in Zcash were minimal as it managed to remain in the green territory at press time. In fact, ZEC’s price has been impressive ever since the privacy-centered coin was targeted by Bittrex in late December. After falling to $56.12 support post the announcement, prices have surged by nearly 50% and even snapped a local high at $98.92.

The Bollinger Bands showed a degree of volatility in prices as the bands were diverging. However, since prices traded on the upper band, a bearish bounceback could be forthcoming that could see prices move towards their present support at $76.91.

The Parabolic SAR’s dotted marker was above the candlesticks and indicated the start of a potential bearish run.

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A business graduate with a keen interest in emerging markets across South East Asia. As a financial journalist, he covered stocks and market reports across Australia and New Zealand as well.

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case of Bitcoin, its trading price fell by 3.5 percent in the past 24-hours bringing its trading price to $11,339.

While almost all the major cryptos followed this trend, even the better performing altcoins indicated the selling pressure in the market.

Chainlink [LINK] 

Chainlink [LINK] has been one such performance-driven alt, that has been surging owing to its growth in the market. The altcoin ranks sixth in the cryptocurrency market, according to the CoinMarketCap list, in terms of its market cap of $4.5 billion. The alt has been providing a return of 524% in YTD for investors, as it was being traded at $13.06, at press time. For LINK there is a  resistance at $14.67 and support at $11.40. Despite the weak support and resistance, LINK price has been pulled to either side by the traders.

According to the Parabolic SAR indicator, the daily chart of LINK appeared to be bullish as the markers were aligned under the price bars. This position of the markers indicated that the buyers have overtaken the sellers. While there have been various analysts predicting LINK’s move to $32 by the end of 2020 through the growth in DeFi.

Monero [XMR]

The privacy-centric coin, Monero [XMR] has slipped out of the top 10 as its market cap slashed to $1.49 billion. The alt was being traded at $84.91, while the support was at $83.27 and resistance at $99.45. XMR managed to return to its peak observed in February but has been falling in the past couple of days and approached its support line.

As per the Bollinger Bands indicator, the cryptocurrency market was open to high volatility as the bands diverged. Whereas, the signal line that remained under the candlesticks until the formation of the current price candle. As the value of the asset reduces, the market trend may move towards the bearish side.

As Monero’s privacy features are applauded in the world of crypto, the extended world has been scared of its illicit use. In order to curb this problem, Russia’s Federal Financial Monitoring Service is developing a new crypto analytics tool to trace such privacy coins.

Ethereum Classic [ETC]

The Ethereum Classic ecosystem has been hit by not one, but two 51% attacks within a week’s time, suggesting that the blockchain was in no shape to protect itself from such exploits. Given the attack on the blockchain resulting in monetary losses, the ETC price had sliced to $6.59, as its resistance remained at $7.60 and support at $5.92.

With the current hit in the market, the asset has been moving downward and the Awesome Oscillator indicator also noted a selling momentum in the market. Despite the hits experienced in the market, ETC returned 40.39% in YTD for investors.

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Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

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