Ethereum [ETH]
Despite several attempts to break past its key resistance level, ETH has remained volatile in terms of its price, closely following Bitcoin’s lead with the BTC-ETH correlation coefficient rising all the way up to 0.89. At press time, the second-largest cryptocurrency was priced at $157.8, while it held a market cap of $17.44 billion. It was up by 2.66% over the last 24-hours, registering a trading volume of $14.54 billion.
Resistance: $202.8, $245.4
Support: $109.7
MACD: The signal line was hovering below the MACD line on the hourly chart, indicating a positive trend for the coin.
Chaikin Money Flow: The CMF, however, witnessed a steep fall, sliding all the way into bearish territory. This was indicative of an outflow of capital in the market.
Synthetix Network Token [SNX]
Synthetix Network is a popular name in the DeFi space, but its token is yet to record any major breakthroughs. SNX was down by 1.24% over the last 24-hours, following which its price was found to be at $0.685. At press time, the token recorded a market cap of $122 million and a 24-hour trading volume of $1.528 million.
Resistance: $0.727, $0.758
Support: $0.641
Parabolic SAR: The dotted markers below the SNX price candles stood in affirmation with the bulls.
Awesome Oscillator: The green closing bars also predicted a bullish phase for the coin.
Stellar Lumens [XLM]
Stellar Lumens’ quarterly report reported an overall strong network growth. At the time of writing, XLM was priced at $0.0485, with the token being catapulted by a surge of 3.91% over the last 24-hours. At press time, XLM held a market cap of $992.8 million and registered a 24-hour trading volume of $477 million.
Resistance: $0.051
Support: $0.045
Klinger Oscillation: The KO indicator also aligned with the bulls on the short-term chart for XLM.
Relative Strength Index: The RSI indicator was in the overbought region, indicating positive sentiment among the investors in the XLM market.
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