Tezos News Today – Headlines for August 29

  • Tezos has been caught up in downward action since mid-August
  • Dogecoin traded between the resistance of $0.0037 and support of $0.0031 since July
  • Monero has been rising in daily trade volume in the last few days

Tezos News Today – the price of Tezos and Monero appear to be sitting in a downward trend from the middle of August. While Tezos indicated signs of continuing bearish movement, Monero has turned a corner and is showing bullish signals.

Dogecoin still holds its position as the favorite meme coin, on the Internet. Although, it appears that traders and investors have lost interest in the digital asset in recent times. The price of Dogecoin didn’t show any signs of a major movement on the long time-frame. For the short-term outlook, DOGE price could reclaim an important resistance level.

Tezos Price Analysis

The price of Tezos has not been able to record a higher price position since it reached an ATH point on the daily charts of $4.47. The price of Tezos has also been unable to consolidate under high selling pressure. This contributed to the price of XTZ sliding ahead of support. Tezos’ Directional Movement Index also underlined a strong bearish pattern in the market. The ADX is close to level 40. The DMI above DMI is a sign of the bears dominating XTZ in the market. The next support level for Tezos is at $3.

Dogecoin Price Analysis

The price of Dogecoin initially traded between the resistance position of $0.0037 and support of $0.0031 since July. At press time, the situation hasn’t changed very much. The Chaikin Money Flow indicates that selling pressure was moving at -0.03. If buyers return, the support of $0.0033 could be reclaimed. The digital asset is currently ranked number 43 on CoinMarketCap. Dogecoin had a total market cap of $411 million, at the press. In a bid to break free from the present price movement, DOGE must post a significant trade volume. On July 8, when the price DOGE surged to $0.0055, it had a 24-hour trade volume of $1.2 billion. In August, the price of DOGE had a 24-hour trade volume of $90 million.

Monero Price Analysis

The price of Monero has been rising in daily trade volume in the last few days. Currently, the coin now has a trade 24-hour volume of $121 million. This implies that the coin is set to make a strong move. Monero price tested major support at $86 before ending a recent downward movement at that position. At press time, the price XMR was indicating bullish momentum. This momentum could take it to the $96 level and beyond. Before affecting a flip of resistance to support. The Awesome Oscillator highlights the growing momentum in the Monero market.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.

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