They seem to have re-emerged after a challenging week for the bulls as most of the cryptos traded in green on the last day. While the market was gasping for breath on November 18, SAND saw double-digit gains that day and hit its ATH.
Now the short-term technical data for Dogecoin and Ethereum Classic point to a decreasing downward momentum. In contrast, SAND showed signs of diminishing bullish influence and again bucked the market trend.
The dog coin enjoyed a solid rebound in October. The meme coin has rebounded over 72% since late September, hitting its 11-week high on October 28th. But the bears quickly countered when the price reversed into a descending triangle. The bulls were unable to counter the sell-off as DOGE lost over a third of its value from October 28th to November 18th. It thus reached its six-week low on November 18.
The bulls gained enough momentum in the past two days as the Alt was up 8.19% during that time. Accordingly, at press time, DOGE was trading near its immediate support at $ 0.2328.
the RSI recovered over 25 points but failed to break the center line. That metric showed a slight decreasing preference while indicating increasing upward momentum. While DMI preferred the bears, MACD indicated their diminishing power.
Ethereum Classic (ETC)
The ETC bulls have had a rally since October 27th, when the price rose 39.6% to hit its ten-week high on November 9th.
However, the bulls lost their advantage as the price has since fallen in a downward channel. The price action was back 28.67%, hitting its three-week low on November 18. Now the bulls retaliated as the price rose 7% in the past two days.
At press time, ETC was trading at $ 50.45. the RSI was slightly below the center line after a 15 point increase in 24 hours. While DMI preferred the bears, MACD indicated their diminishing power. However, the recovery came with low trading volumes, suggesting their weakness. The bulls need more momentum to break the $ 51.5 mark (immediate resistance).
The sandpit (SAND)
As of October 28th, SAND saw a superb rally of 349% when it hit its then-ATH on November 3rd. Since then, price action has decreased slightly, but formed an ascending triangle for the next two weeks.
Then there is the anticipation for you upcoming project possibly became the trigger point for an ascending triangle breakout on November 16th. Consequently, that rally led SAND to price when it touched its ATH on November 18th.
While the short-term specs favored the bulls, it indicated their declining strength. As a result, at press time, the Alt was trading at $ 4.148 after posting a 24 hour loss of 5.7%. the RSI plunged from the overbought area to the 60s mark. While DMI preferred the cops MACD and AO indicated its diminishing strength. It will take more force for the bears to break the $ 3.45 mark (immediate support).