After experiencing a sharp decline in prices last month, many altcoins made a comeback in April. For Bitcoin forks, BCH and BSV, the past few days have been extremely meaningful as they went through the first halving since their inception and recorded significant profits.
Source: BSV / USD, TradingView
At the time of writing, BSV is trading at $ 187. If the uptrend is expanded, the BSV price may soon test the resistance of $ 259. However, if the price turns worse, there are two strong support levels. $ 161 and $ 109 can stabilize the price.
The bollinger bands are currently clustered which implies a lower level of volatility for the BSV price. The RSI indicator shows the bearish sentiment when it is heading to the oversold zone.
You can see the price of BSV here.
Source: XMR / USD, TradingView
Regarding the concerns surrounding privacy in the cryptocurrency ecosystem, Monero has found his niche. Over the past week, XMR has increased by more than 15%, bringing the price to $ 53. Currently, Monero is the 14th largest cryptocurrency with a market cap of $ 931 million. If a price correction occurs and the bearish sentiment begins, XMR has two strong supports, previously tested at $ 45 and $ 36. There is also a strong resistance at $ 58 if the bullish sentiment begins.
The RSI is falling, heading to the oversold area. The MACD has experienced a bullish cross for the past few weeks and may soon see a reversal.
You can see the price of XMR here.
Source: BCH / USD, TradingView
BCH also experienced the first halving event a few days ago. Most of the concerns related to BSV were proven to be true to the BCH after the event. However, unlike BSV, BCH has only been able to see prices increase by more than 8% since the beginning of April. At the time of writing, BCH is trading at $ 234 and has a market capitalization of $ 4.3 billion. The current price is very close to testing the support at $ 216 and there is another support at $ 166. However, if the uptrend extends, there is also an important resistance at $ 277.
Bollinger bands for BCH showed little change compared to the previous week as the bands now have clustered significantly. The Stochastic RSI has dropped sharply to the oversold zone and shows the bearish sentiment for this coin.
You can see the price of BCH here.
Disclaimer: This is not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
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