Ethereum, Monero, Dash price analysis: All 3 trend upward – AMBCrypto English

May 31, 2020 By admin

In the beginning of May, Ethereum, Monero, and Dash dropped by more than 10%. However, over the course of the month, all three coins have recorded a significant amount of gains and as per analysis, the coins continue in this trajectory.

Ethereum

Source: ETH/USD, TradingView

After the 12% drop at the beginning of May, ETH saw a 21% rise on May 27 and found support at $220.33. CMF indicator which rests way above the zero line also hints at a continued bull run.

Resistance: $243.67
Support: $220.33, $186.64, $151.55
Press time price: $237.75
Market Cap: $8,958,540,326
24-hour Trading Volume: $41,690,484,047

Monero

Source: Monero/USD, TradingView

Monero has been trending upward for weeks now. After a quick recovery from the 10% drop at the beginning of May, the leading privacy coin saw a steady increase in its price. On May 25, the coin saw another 12% price rise and has held support at $60.58 at the moment. Additionally, Awesome Osicalltor indicator also hinted at a continued upward breakout in the coming days.

Resistance: $69.82
Support: $60.58, $57.83, $54.61
Press time price: $66.79
Market Cap: $1,176,687,856
24-hour Trading Volume: $94,559,696

Dash