Home Monero Monero, Augur, Zcash Price Analysis: 02 April – AMBCrypto News

Monero, Augur, Zcash Price Analysis: 02 April – AMBCrypto News

4 min read

Monero rose previous $250 and will see additional upside within the days to return after flipping the $247-level to assist. Zcash was additionally strongly bullish because it focused the $193-level. Augur‘s charts instructed that demand from patrons was current, regardless of its value noting a slight decline in current days, hinting at a fast restoration.

Monero [XMR]

Supply: XMR/USDT on TradingView

On the hourly chart, XMR had a bullish outlook. It had risen previous an space of provide as soon as extra and was making an attempt to flip it to a area of demand. The RSI sunk again to 51 as the worth traded round $253, on the time of writing.

Over the month of March, XMR has struggled to climb previous the $230 and $238-levels of resistance. Previously few days, it achieved this feat and furthermore, flipped the $247-level to assist as effectively. Additional upside will be anticipated for XMR within the coming weeks.

Augur [REP]

Monero, Augur, Zcash Price Analysis: 02 April

Supply: REP/USDT on TradingView

REP has been on a gradual downtrend over the previous two days, however this was solely a pullback on the transfer from $30 to $43. At the same time as REP slipped beneath the $39-level, the OBV was making greater lows. This instructed that sellers have been not likely accountable for the market.

A rejection at $39 would make the $36.8 space a horny space for patrons, whereas a buying and selling session shut above $39 backed by robust quantity may see this degree flipped to assist as soon as extra.

The Superior Oscillator was shifting under the zero line to focus on bearish strain in current days.

Zcash [ZEC]

Monero, Augur, Zcash Price Analysis: 02 April

Supply: ZEC/USDT on TradingView

On the hourly chart, ZEC gathered steam between the $157 and $148-levels over the previous few days and noticed a robust transfer previous the $157-mark. On the time of writing, the bulls have been making an attempt to flip $173 to assist, and a technical short-term goal of $192.8 was arrived at primarily based on the 27% extension degree.

This goal used ZEC’s transfer up from $116 over the previous week to provide an extension degree.

The MACD confirmed that robust bullish momentum was behind ZEC, whereas the Chaikin Cash Stream was additionally above +0.05 and underlined that capital was flowing into the market in better quantities – an indication of demand.

Signal Up For Our Newsletter

Let’s block ads! (Why?)

Source link

Load More Related Articles
Load More By admin
Load More In Monero

Leave a Reply

Your email address will not be published.

six − 5 =

Check Also

Iran makes first import order utilizing cryptocurrency – report

Representations of cryptocurrencies on this illustration taken, January 24, 2022. REUTERS/…