Dogecoin, Solana, and Bitcoin Cash Price Analysis – Dec 23

Although the bears refrained from giving the bulls a free hand, Bitcoin Cash managed to cross its immediate hurdle and found support at the 23.6% Fibonacci level.

On the other hand, even though Dogecoin and Solana technicians showed a slightly bullish bias, they found bearish divergences with the Volume Oscillator.

Dogecoin (DOGE)

After retreating nearly 48.96% over the past 55 days, the largest meme coin found an oscillating range between the $ 0.162 and $ 0.182 mark. The bears retested the $ 0.162 level six times over the past 19 days, but the bulls held firm.

It is crucial to note that the Volume oscillator it hit lower lows, while price action rallied towards the Fibonacci level of 23.6%. Now when DOGE crossed the $ 0.175 mark, the superstrend looked hopeful for the bulls as it showed buying signals.

At press time, DOGE was trading at $ 0.1765. The RSI saw a steady recovery over the past three days and chose the buy force. In addition, the DMI it showed a bullish bias, but the ADX remained substantially weak.

Solana (SOL)

TradingView, SOL / USD

The $ 181 level became a vital mark for the alt since the breakdown of the descending wedge (green) on Dec 15. SOL bears have secured this level, but have been unable to prevent the bulls from hitting higher lows in the past ten days.

Like DOGE, you need to take note of the lower lows marked on the volume oscillator, which indicates a weak bullish move. The fifth largest crypto formed an ascending triangle on its 4-hour chart after a V-shaped rally for the past three days.

Immediate test support was near the lower (white) trend line which coincided with the 20-50 Simple Moving Average (SMA) around the $ 178.4 mark.

At press time, SOL was trading at $ 178.5675. The RSI shone neutrality after being slightly below the midline. Plus, DMI represented a slight bearish bias. But the ADX showed a weak directional trend for SOL.

Bitcoin Cash (BCH)

BCHUSDT 2021 12 23 16 21 00

TradingView, BCH / USDT

After forming a descending widening wedge (reversal pattern) on its 4-hour chart, the altcoin saw an expected breakout above the 23.6% Fibonacci level. The bears retested the $ 419 mark nearly six times, while the bulls consistently held this test point.

The alt saw a two-day jump of 6.58% from December 20, but saw a pullback from its short-term resistance at the $ 446 mark. Since then, it has fallen nearly 2.58% and found support at the 23.6% level that also overlapped with 20 (red) and 50 (green). senior High School.

At press time, BCH was trading at $ 438.3. The RSI moved to the midline after showing an uptrend. In addition, the OBV saw a steady incline for the past few days. But ADX showed an extremely weak directional trend.

This is a machine translation of our English version.

We want to give thanks to the writer of this article for this incredible content

Dogecoin, Solana, and Bitcoin Cash Price Analysis – Dec 23

Dispensary Business News