Monero (XMR) has been increasing since March 25. However, it has yet to break out above the February high of $288.
Zcash (ZEC) has broken out above the $183 resistance area. After reclaiming it, it is aiming for $244.
Dash (DASH) has reclaimed the $250 resistance area and is aiming for $330.
XMR has been moving upwards since March 25. It managed to reclaim the $244 area on March 31 and validated it as support shortly afterward.
It began another upward move after, but the February highs have rejected it at $288.
There is a considerable bearish divergence in the RSI. Thus, a short-term rejection is likely.
Afterward, XMR would be likely to break out above this area. If so, the token would find the next resistance area at $358.
- XMR has reclaimed the $245 resistance area.
- There is resistance at $288.
ZEC has been increasing since Feb. 23, when it had reached a low of $103. The increase accelerated on March 25, and the token proceeded to break out from the February highs at $23 on April 4.
Afterward, the price purportedly broke down from this level but reclaimed it shortly afterward. This is a bullish development that often leads to a significant upward movement.
Technical indicators are bullish. The Stochastic oscillator has made a bullish cross. The RSI is above 50 and increasing. The MACD is positive and increasing.
Therefore, it is likely that the token increases towards the closest resistance area at $244.
- ZEC has reclaimed the $183 area.
- Technical indicators are bullish.
DASH has been moving upwards since March 25. It reclaimed the $250 resistance area shortly afterward and then validated it as support.
As long as it’s trading above this level, it is expected to increase towards the next resistance at $330 gradually.
- DASH has reclaimed the $250 resistance area.
- The next resistance is found at $330.
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