Digibyte (DGB) has opened the week on a high above last week’s close of 581 Satoshis. This is a bullish signal, one that is supported by the fact that Digibyte opened with an upside gap three weeks ago, and has been trading above it since then. The weekly RSI is also strongly bullish with a reading of 63.
In the day, Digibyte (DGB) opened the day above yesterday’s high of 622 Satoshis, but is yet to break above the resistance level at 629 Satoshis. As such, there is a likelihood that it will correct in the day, and test the 564 Satoshis level.
However, given that the overall momentum is positive, with the daily RSI at 61, this correction will most likely be short-lived, and offers amazing buying opportunities. In the next 24 hours, Digibyte (DGB) is likely to test 641 Satoshis. It’s quite evident in the hourly charts where Digibyte is trading above the 100-day moving average support level at 609 Satoshis. If it gains momentum and bounces above this level, the first area of resistance is at 641 Satoshis. As such, the best entry into Digibyte (DGB) is around 610 to 620 Satoshis. If volumes rise, then there is a good chance that it could rise higher than 641 Satoshis in the next 12 to 24 hours.
XinFin (XDCE) continues to hold steady in the market, and has been on the rise for the last few weeks. Last week, XinFin saw a surge in buying volumes that saw it close the week higher at $0.0036 after a dip that saw it hit $0.0033.
The volumes are supported by the moves that XinFin (XDCE) is making in the market, including hosting high profile summits in India and Singapore. It’s also supported by the fact that XinFin has launched an awareness campaign that could see it get listed on major exchanges. In the day, it is trading along a major support level at $0.00359. This support is likely to hold given that XinFin (XDCE) trading volumes are high, and continue to rise. It’s a key indicator that money is flowing into this crypto, and will support its price in the near-term. Once it starts to gain, the next target in the next 24 hours will be at $0.0037, which is a key short-term resistance level.
Ethereum Classic (ETC)
Ethereum Classic (ETC) has gained some positive spotlight in the last few weeks, thanks to the upcoming Coinbase listing. So how this is likely to reflect in its price as the trading week starts? In the weekly charts, Ethereum Classic has opened at $16.42, which has been a major support level for the last 3 weeks.
If it doesn’t break below this price, there is a good chance that it will rise to $18.56 in the week. In the day, Ethereum Classic is showing a similar scenario, and is trading along the 55-day moving average support level at $16.28. If volumes continue to rise, it will most likely rise to $18. A break above that could see it test $21 at the 200-day moving average.