Monero, DigiByte, and OMG Network are similar on the price charts. The bulls have not shown that they still have the strength to ascend.
The Fibonacci retracement levels gave significant levels of support and resistance for the price. At the time of writing, XMR is facing resistance from the 78.6% retracement level at $ 139.5.
The MACD Forms a bullish cross into bearish territory. TheOBV shows that the purchase volume exceeds the sales volume. While a series of higher lows were observed, higher highs were not displayed on the OBV.
OMG Network [OMG]
The OMG price was moving under the EMA ribbons. Therefore, he might face resistance from around $ 3.6. The RSI was under 50 and has been in recent days, indicating bearish pressure.
OMG is expected to rise above $ 3.6 and stay there. Separately, the RSI should rise above 50, signaling a move to test resistance at $ 4.1. A rejection in the region of $ 3.5 to $ 3.6 would see OMG fall back to the support level of $ 3.1.
Trading volume was below average on OMG’s rebound. Indeed, it should accelerate to signal an upward movement. Because it would mean a conviction of the market. Low trading volumes even as OMG approaches $ 3.6 would likely see sellers stepping in to drive the price down.
DGB has been trading in a range of $ 0.22 to $ 0.32 since the end of December. This will likely continue as DGB rebounded from the lows in the range to test resistance at $ 0.256 over the past two days but was rejected at that resistance.
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