With the price of Bitcoin rebounding slightly and being above $ 46,000 at press time, many altcoins rebounded on the charts.
DASH rose 4.9% and successfully traded above its monthly low. The compound rose 4.8% while pointing to a break above its one-week low of $ 456.76. On the contrary, Monero lost 4.3% of its value and was nearing the next floor price of $ 252.32.
Monero was down 4.3% to trade at $ 262.18. The altcoin traded near its immediate support of $ 252.32, which also marks its three-week low. The crypto could move further down to $ 233.25.
Important technical data indicated declining price movements in the market. On the 4-hour chart, the altcoin was below its 20-50-200 SMA, suggesting that the momentum belonged to the sellers.
the MACD pictured red histograms. the Relative Strength Index below the center line, an indication of little pressure to buy. In the end, Chaikin money flow was found above mid-line as capital inflows rebounded.
On the flip side, initial resistance was $ 281.74. Additional price caps expected the coin at $ 305.62 and then at the multi-month high of $ 332.00.
DASH rebounded 4.9% in the past 24 hours to trade at $ 204.77. It managed to trade above its support level of $ 182.12, which was a monthly low for DASH. With a consistent rebound, the altcoin could attempt to plummet $ 234.84 and then $ 251.85.
DASH could then hit its multi-month high of $ 279.31 again.
the MACD pictured red histograms. Relative Strength Index was below the 50 mark, a sign that the buying pressure had fizzled out on the market. Great oscillator showed two green signal bars after a series of reds as the Alt saw a recovery on its charts.
When it did not recover, immediate support for the coin was $ 182.12.
COMP reversed its losses slightly by 4.8% over the past 24 hours, trading at $ 414.01. The immediate resistance was at $ 430.06. After getting back to that level, the altcoin could rise above its weekly low by tumbling $ 456.76. Other price caps came in at $ 488.80 and then a four month high of $ 519.37.
The parabolic SAR showed a downtrend as the dotted lines were above the candlesticks. MACD continued to blink red histograms. The Relative Strength Index rebounded slightly and moved out of the oversold territory. However, the indicator was still below the half-line.
If COMP does not consolidate at its price level at press time, the altcoin could fall to its one-month support line of $ 393.07.