Altcoin Market Update: Flexacoin, Digibyte and Maker dominate the proceedings this Thursday
- Flexacoin flexes impressive price growth, aims for the 0.004-level.
- DGB/USD and MKR/USD continue their impressive bullish rally.
Flexacoin
FXC/USDT daily chart
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- Open: 0.00347
- Current Price: 0.00396
FXC/USDT flew off the SMA 20 curve as the price jumped up from 0.00347 TO 0.00396. The price looks to cross the 0.004 psychological level, however, they need to overcome the 0.00397 resistance level first. The price is trending above the triangle formation and has healthy support at 0.00376 and 0.00362.
Digibyte
DGB/USD daily chart
- Open: $0.02245
- Current Price: $0.02605
DGB/USD tied together four straight bullish days. The price jumped from $0.02245 to $0.02605 and crossed above the 20-day Bollinger Band. The price has healthy support at $0.0248 and $0.02245. The RSI is on the verge of entering the overbought zone, which could trigger a bearish correction.
Maker
MKR/USD daily chart
- Open: $486.50
- Current Price: $533
MKR/USD crossed the $500 psychological level this Thursday. The price is trending above the 20-day Bollinger Band, while the MACD shows increasing bullish market momentum. The price faces strong resistance at $552.14. On the downside, healthy support lies at $524 and $511.
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
