Monero fell from $ 173 to test the support level of $ 149 over the past few days. It was trading at an important level as the bulls and bears in the market competed for control of the market. IOTA forms an uptrend on the charts. He might see a bullish breakout targeting $ 0.55. Finally, DigiByte noted some early signs of a new direction of $ 0.022.
Motto [XMR]
Source: XMR / USDT on TradingView
In the past few days, Monero has been rejected twice at the $ 173 level. The $ 164 level, which is both horizontal support and the 38.2% retracement level, failed to hold the support role. The price dropped to $ 156.
This represented a 50% retracement for XMR, the same taking advantage of a confluence with the 50 SMA (yellow) as the support region. Therefore, XMR’s reaction to this level will dictate its short-term movement.
A close below $ 156 will likely see it heading back to the $ 149 support. Some sideways trades at this level could see a return to $ 164.
IOTA
Source: IOTA / USD on TradingView
IOTA forms an ascending triangle (white), a bullish pattern that typically sees the price escape to the upside. The price of the cryptocurrency has been in higher lows over the past few days. The MACD agree, notes a bullish momentum.
A breakout will see IOTA climb to the resistance level of $ 0.55 over the next few days. On the other hand, a trading session close below the uptrend line will indicate that IOTA is about to drop to $ 0.37.
DigiByte [DGB]
Source: DGB / USDT on TradingView
The RSI shows that the momentum was neutral for DGB with a value of 47. However, he had just tested neutral 50 and could not exceed it. This indicated a possible short-term downtrend on the charts.
It was trading in a range of $ 0.022 to $ 0.032 with a midpoint of $ 0.027. The midpoint, alongside historic support and resistance levels, was the importance level for DGB.
Given that DGB has slipped below the midpoint, we can expect it to test the $ 0.025 support level. Losing this region would strengthen the case for the $ 0.022 DGB test soon.
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