Tezos struggles as Ethereum Classic, VeChain revisit uptrends
The crypto-market noted a minor surge recently, one which propelled the collective market cap to $250 billion as Bitcoin‘s dominance continued to remain around the 65% mark. While this latest swing to the upside couldn’t push Bitcoin to breach the $9,000-mark, it did help many of the market’s altcoins register fresh gains.
Tezos [XTZ]
Recently, Swiss cryptocurrency broker, Bitcoin Suisse, announced the addition of custodial support and staking services for Tezos, leveraging its PwC-audited vault storage.
At press time, the tenth-largest cryptocurrency, XTZ, was being traded at $2.72 after a minor surge of 1.15% over the last 24-hours. Additionally, it held a market cap of $1.93 billion and a 24-hour trading volume of $86.29 million.
Resistance: $3.62
Support: $1.64
MACD: The MACD line was below the signal line, depicting a bearish phase for XTZ token
CMF: The CMF was, however, was just in the bullish territory, depicting a growing inflow of capital in the coin market
Ethereum Classic [ETC]
The Ethereum Classic upgrade called ‘Pheonix’ is less than a week away, with the coin undergoing numerous pullbacks lately. However, there could a reversal in trend soon. The nineteenth-largest cryptocurrency, Ethereum Classic, changed hands at $6.75 after a slightly positive movement of 1.68% over the last 24-hours. At press time, the coin was holding a market cap of $785 million, with a 24-hour trading volume of $1.46 billion.
Resistance: $8.43
Support: $3.44
Parabolic SAR: The dotted markers were below the price candles, indicating a bullish phase for the coin
Awesome Oscillator: The closing green bars also suggested a positive trend for the coin
VeChain [VET]
The blockchain platform, VeChain, recently announced developing E-HCert, a blockchain-based Covid-19 records app in collaboration with I-Dante.
Its native token, VET’s price stood at $0.0049 after it shot up by 8.79% over the last 24-hours. At the time of writing, the coin’s market cap was found to be at $274 million, while its 24-hour trading volume was registered at $204 million.
Resistance: $0.0063
Support: $0.0023
Klinger Oscillator: The KO line was above the signal line, thus depicting a bullish phase for the coin
Relative Strength Index: The RSI was above the 50-median line, suggesting buying sentiment among investors of the VET market
OhNoCrypto
via https://www.ohnocrypto.com
Chayanika Deka, Khareem Sudlow