Ethereum, NEO, Dogecoin Price Analysis: 16 September


Ethereum went up its charts by 7.7% over the past 24 hours, with the altcoin eyeing its one-week excessive. Each NEO and Dogecoin confirmed indicators of consolidation. NEO hiked by 2.6% and with a break from its lateral buying and selling, it will probably topple $54.01.

Lastly, Dogecoin continued to consolidate after the sell-off that passed off on 7 September. It gained by simply 2.2% over the past 24 hours. 

Ethereum [ETH]

Ethereum, NEO and Dogecoin Price Analysis: 16 September

ETH/USD, TradingView

Ethereum appreciated by 7.7% and was buying and selling at $3626.94, at press time. The overhead resistance for ETH was at $3715.04. Securing the aforementioned worth stage would imply Ethereum registering a one-week excessive. Buying and selling above $3715.04 would push the altcoin to retest $4033.46. 

Technicals for the coin had indicators of bullish worth motion. The MACD pictured inexperienced histograms. The Relative Power Index was above the 60-mark, indicating that purchasing energy grew as the worth appreciated. The Bollinger Bands have been diverging – An indication of incoming worth volatility. 

A worth reversal would result in ETH falling to $3387.06 after which to its one-week low of $3190.56. If Ethereum falls under the aforementioned worth flooring, it may commerce close to its one-month low of $2956.87. 

NEO

Ethereum, NEO and Dogecoin Price Analysis: 16 September

NEO/USD, TradingView

NEO went up by 2.6% and was valued at $51.74. The coin flashed indicators of consolidation over the past 24 hours. If NEO manages to push upwards, it may meet resistance at $54.01. Toppling the $54.01 stage would imply NEO will document a one-week excessive. Extra resistance stood at $59.74 and on the multi-month excessive of $65.86. 

The token’s worth rested above its four-hour 20-SMA. This indicated that regardless of sideways buying and selling, the momentum belonged to the consumers out there. The MACD noticed short-sized inexperienced histograms. The Relative Power Index was above the half-line as shopping for energy remained bullish. Lastly, the Chaikin Cash Stream was additionally seen above the midline as capital inflows have been optimistic. 

If shopping for strain declines out there, NEO may transfer south to relaxation on $45.49. Failing to commerce above the identical may push NEO near its month-low of $44.09. The opposite worth flooring lay at $40.70. 

Not too long ago, NEO launched its N3 mainnet which is meant to allow sensible contracts on NEO’s community in any coding language.

Dogecoin [DOGE]

Ethereum, NEO and Dogecoin Price Analysis: 16 September

DOGE/USD, TradingView

Dogecoin has been laterally buying and selling with a 2.2% hike over the past 24 hours. The altcoin was priced at $0.244. If the coin manages to interrupt its consolidation and reverse its worth, resistance can be discovered at $0.270. Above the $0.270 worth stage, Dogecoin can try to retest its two-week excessive of $0.307. Extra worth resistance awaited the alt at its multi-month excessive of $0.348. 

All indicators pointed to cost consolidation. The MACD displayed quick inexperienced histograms that are additionally a sign of the identical. The Relative Power Index stood simply above the 50-mark, indicating that purchasing energy struggled to stay bullish. The Superior Oscillator flashed one pink sign bar after a sequence of small inexperienced sign bars because the final buying and selling session was within the pink.

If shopping for energy doesn’t maintain itself inside the bullish territory, Dogecoin may fall to $0.239 after which to $0.200. 



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