Crypto market leaders BTC and ETH were yet to regain crucial levels after the latest crash, with Bitcoin hovering near $41,000 and Ethereum at $3,100 at this publication. Alts such as Zilliqa and Dogecoin displayed similar narratives while their short-term technicals tilted slightly in sellers’ favor. On the side, Bitcoin Cash witnessed an overbought Relative Strength index after overcoming a descending channel.
Dogecoin (DOGE)
Dogecoin presented consistent recoveries since bears triggered a move towards the year-long barrier at $0.11. The leading meme coin saw an approximately 29.97% ROI within the past month as Dogecoin regained crucial support at $0.136.
The latest downside rally had Dogecoin beneath its Exponential Moving Average ribbons as sellers claimed dominance. Such actions had the Supertrend changing its outlook to red as it showed a bearish favor.
Dogecoin traded near $0.1393 at this publication. The RSI swayed under the mid-line over the past couple of days but failed to closed beyond the 50-level. The MACD displayed a brief buying force increase. However, its lines haven’t climbed beyond the zero-line to affirm a shift in the current impetus.
Bitcoin Cash (BCH)
As the bullish pressure recorded a comeback, Bitcoin Cash saw a sharp uptick to regain the lost $356-level. Meanwhile, the two-week consolidation phase had bears propelling a downward channel retracement.
Bitcoin Cash lost more than 23% between April 5 and April 12. Nevertheless, the 2-month trend-line support helped BCH to revive from $294. The 20 Exponential Moving Average headed northward as buyers recovered from the previous.
BCH traded around the $344.2 mark at this publication. The overbought Relative Strength index witnessed a retracement from the 70-mark. Buyers retained a near-term edge as the –DI refuses to shift its trend towards the north.
Zilliqa (ZIL)
Zilliqa’s recovery stopped at the resistance of $0.22, and the alt has recorded downtrends never seen. ZIL mimicked lows seen across the broad market. The alternative token suffered an approximately 51.3% drop over the past two weeks.
The dropped marked a downward wedge on the 4hr chart. For now, a close under the wedge’s upper trend-line can see Zilliqa testing the 200 Exponential Moving Average. The token traded neat $0.110 at this publication. The Chaikin Money Flow kept retesting the support at 22 as it struggled to secure an unconfined surge beyond the zero level. The altcoin should flip its closes trend-line resistance to prevent re-affirming a pessimistic divergence with the ZIL price.