Dogecoin, ETC, Fantom Price Analysis: 23 March


With Bitcoin closing in above the $42,000-mark, Dogecoin saw a dive above its 4-hour 20/50 EMA. But the bulls still required to increase the cash inflows into the crypto to preserve its continuous resurgence.

Moreover, Ethereum Classic struck its four-month high up on 23 March while now showing overbought signals on its technicals. Similarly, Fantom’s technicals likewise preferred the purchasers however illustrated a weak directional pattern.

Dogecoin (DOGE)

Source: TradingView, DOGE/USD

After nosediving to match its February lows, DOGE recuperated in a rising widening wedge (yellow) on its 4-hour chart. The alt saw an almost 15% ROI throughout this healing week while dealing with resistance at the $0.1262-mark.

Its current rally was avoided by the 200 EMA ( green) while the bulls ventured to preserve the 50 EMA ( cyan) assistance undamaged. Now, the $0.12-zone continued to use strong resistance.

At press time, DOGE traded at $0.1216. The RSI continued its progressive retracement from the overbought mark while preserving the mid-line assistance. From here on, a possible healing considered to evaluate the 61-mark prior to a retest of its stability. Meanwhile, the CMF dramatically fell listed below the zero-line and exposed the reducing cash volumes into the crypto.

Ethereum Classic (ETC)

Etcusdt 2022 03 23 13 11 06

Source: TradingView, ETC/USDT

As the sell-off stage started, ETC lost more than a 3rd of its worth (from 11 February high) and touched its one-month short on 24February Since then, the altcoin has actually been on a roll as it saw a shocking 86.85% ROI in simply the previous week.

After participating in cost discovery, ETC leapt above its 20/50/200 EMA and flashed a one-sided bullish momentum. Consequently, it touched its four-month high up on 23 March.

At press time, ETC traded at $47.11. The RSI was deep into the overbought area while showing a strong bullish predisposition. Over the previous 3 days, it formed a bearish divergence with the cost. This trajectory might stall the existing rally in the near term.

Fantom (FTM)

Ftmusdt 2022 03 23 13 21 24

Source: TradingView, FTM/USDT

Since FTM lost the $1.9-level, the bulls have actually not had the ability to discover an unrestrained rally. Consequently, it lost almost 70% of its worth (given that 17 January) and strike its six-month short on 15 March.

While preserving the $1-mark, FTM kept marking lower peaks till it turned the crucial $1.3-mark from assistance to instant resistance. A close above the trendline resistance (yellow) would reignite the opportunities of breaking above the $1.3-level.

At press time, FTM was trading at $1.28. The RSI saw a tough healing from the 42-support. It now showed a bullish edge and even recovered the mid-line assistance. Nevertheless, the ADX illustrated a significantly weak directional pattern for FTM.


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