Home Ethereum Ethereum, NEO, Dogecoin Price Analysis: 16 September

Ethereum, NEO, Dogecoin Price Analysis: 16 September

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Ethereum went up its charts by 7.7% over the past 24 hours, with the altcoin eyeing its one-week excessive. Each NEO and Dogecoin confirmed indicators of consolidation. NEO hiked by 2.6% and with a break from its lateral buying and selling, it could actually topple $54.01.

Lastly, Dogecoin continued to consolidate after the sell-off that came about on 7 September. It gained by simply 2.2% over the past 24 hours. 

Ethereum [ETH]

Ethereum, NEO and Dogecoin Price Analysis: 16 September

ETH/USD, TradingView

Ethereum appreciated by 7.7% and was buying and selling at $3626.94, at press time. The overhead resistance for ETH was at $3715.04. Securing the aforementioned value degree would imply Ethereum registering a one-week excessive. Buying and selling above $3715.04 would push the altcoin to retest $4033.46. 

Technicals for the coin had indicators of bullish value motion. The MACD pictured inexperienced histograms. The Relative Power Index was above the 60-mark, indicating that purchasing energy grew as the value appreciated. The Bollinger Bands had been diverging – An indication of incoming value volatility. 

A value reversal would result in ETH falling to $3387.06 after which to its one-week low of $3190.56. If Ethereum falls beneath the aforementioned value flooring, it may commerce close to its one-month low of $2956.87. 

NEO

Ethereum, NEO and Dogecoin Price Analysis: 16 September

NEO/USD, TradingView

NEO went up by 2.6% and was valued at $51.74. The coin flashed indicators of consolidation over the past 24 hours. If NEO manages to push upwards, it may meet resistance at $54.01. Toppling the $54.01 degree would imply NEO will report a one-week excessive. Extra resistance stood at $59.74 and on the multi-month excessive of $65.86. 

The token’s value rested above its four-hour 20-SMA. This indicated that regardless of sideways buying and selling, the momentum belonged to the consumers out there. The MACD noticed short-sized inexperienced histograms. The Relative Power Index was above the half-line as shopping for energy remained bullish. Lastly, the Chaikin Cash Movement was additionally seen above the midline as capital inflows had been constructive. 

If shopping for strain declines out there, NEO may transfer south to relaxation on $45.49. Failing to commerce above the identical may push NEO near its month-low of $44.09. The opposite value ground lay at $40.70. 

Just lately, NEO launched its N3 mainnet which is meant to allow sensible contracts on NEO’s community in any coding language.

Dogecoin [DOGE]

Ethereum, NEO and Dogecoin Price Analysis: 16 September

DOGE/USD, TradingView

Dogecoin has been laterally buying and selling with a 2.2% hike over the past 24 hours. The altcoin was priced at $0.244. If the coin manages to interrupt its consolidation and reverse its value, resistance might be discovered at $0.270. Above the $0.270 value degree, Dogecoin can try and retest its two-week excessive of $0.307. Extra value resistance awaited the alt at its multi-month excessive of $0.348. 

All indicators pointed to cost consolidation. The MACD displayed brief inexperienced histograms that are additionally a sign of the identical. The Relative Power Index stood simply above the 50-mark, indicating that purchasing energy struggled to stay bullish. The Superior Oscillator flashed one crimson sign bar after a collection of small inexperienced sign bars because the final buying and selling session was within the crimson.

If shopping for energy doesn’t maintain itself inside the bullish territory, Dogecoin may fall to $0.239 after which to $0.200. 


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