Biggest Movers: ETC Moves Away From Multi-Month Lows, as XMR Extends Recent Gains

Ethereum classical rallied for a 2nd consecutive league connected Wednesday, pursuing better-than-expected U.S. user assurance data. The figures showed that assurance among American consumers roseate to the highest level successful 8 months, with a speechmaking of 108.3. Monero was besides higher connected the news, arsenic it extended caller gains.

Ethereum Classic (ETC)

Ethereum classical (ETC) roseate for a 2nd consecutive time connected Wednesday, arsenic markets responded to better-than-expected U.S. user assurance data.

Today’s figures, which were initially expected to travel successful astatine 101, came successful higher than anticipated, with a speechmaking of 108.3 successful December.

As a effect of today’s data, ETC/USD raced to a highest of $16.64 earlier successful the day, which is astir 5% higher than Tuesday’s debased astatine $15.59.

ETC/USD – Daily Chart

Looking astatine the chart, the determination came arsenic terms continued to determination distant from Monday’s bottommost of $14.74, which was the lowest constituent ETC had deed since July.

The surge coincided with the 14-day comparative spot scale (RSI) climbing from a level of its ain astatine 28.00, and it is presently tracking astatine 37.61.

The scale present seems acceptable to collide with a absorption astatine 41.00, which could mean that prices volition statesman to decline.

Monero (XMR)

Monero (XMR) was different notable gainer successful today’s session, arsenic prices surged for a 5th consecutive day.

Following a debased of $146.31 connected Tuesday, XMR/USD surged to an intraday precocious of $148.16 earlier successful the day.

Wednesday’s determination present puts monero astatine its highest constituent since Friday, with the token closing successful connected a absorption level astatine $150.00.

XMR/USD – Daily Chart

From the chart, the determination comes arsenic the RSI roseate supra a absorption level of 54.00, and it is presently tracking astatine 55.88.

Despite caller bullish sentiment, the 10-day (red) moving mean present looks acceptable to crossover with its 25-day (blue) counterpart.

Should this determination instrumentality place, past XMR volition apt determination towards a level astir the $139 region.

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Could bullish momentum proceed passim the week? Let america cognize your thoughts successful the comments.

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