Dogecoin, ETC, Fantom Price Analysis: 23 March
With Bitcoin closing in above the $42,000-mark, Dogecoin witnessed a jump above its 4-hour 20/50 EMA. But the bulls still needed to ramp up the money inflows into the crypto to maintain its ongoing comeback.
Moreover, Ethereum Classic hit its four-month high on 23 March while now displaying overbought signals on its technicals. Similarly, Fantom’s technicals also favored the buyers but depicted a weak directional trend.
Source: TradingView, DOGE/USD
After nosediving to match its February lows, DOGE recovered in an ascending broadening wedge (yellow) on its 4-hour chart. The alt saw a nearly 15% ROI during this recovery week while facing resistance at the $0.1262-mark.
Its recent rally was shunned by the 200 EMA (green) while the bulls endeavored to maintain the 50 EMA (cyan) support intact. Now, the $0.12-zone continued to offer strong resistance.
At press time, DOGE traded at $0.1216. The RSI continued its gradual retracement from the overbought mark while maintaining the mid-line support. From here on, a possible recovery eyed to test the 61-mark before a retest of its equilibrium. Meanwhile, the CMF sharply fell below the zero-line and revealed the decreasing money volumes into the crypto.
Source: TradingView, ETC/USDT
As the sell-off phase initiated, ETC lost more than a third of its value (from 11 February high) and touched its one-month low on 24 February. Since then, the altcoin has been on a roll as it saw a staggering 86.85% ROI in just the past week.
After entering into price discovery, ETC jumped above its 20/50/200 EMA and flashed a one-sided bullish momentum. Consequently, it touched its four-month high on 23 March.
At press time, ETC traded at $47.11. The RSI was deep into the overbought region while displaying a
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