Thanks to the rise in Bitcoin prices in December, many altcoins on the market are seeing their prices rise. However, in the last few days there has been a bullish momentum for altcoins like IOTA. While Zcash falls.
IOTA
Source: IOTA / USD, TradingView
The price of IOTA has performed quite well over the past week. The cryptocurrency registers gains of more than 10% of its trading price. However, sentiment seems to change after December 29. This is because the coin remains in a narrow channel between its immediate resistance at $ 0.31 and support at $ 0.28. At the time of going to press, IOTA was trading at $ 0.291 with a market cap of $ 810 million.
The IOTA Foundation recently signed a memorandum of understanding with EIT Climate KIC. The aim is to work on “sustainable and regenerative economic development”, according to a recent blog post.
Cosmos [ATOM]
Source: ATOM / USD, TradingView
Cosmos has not had to experience significant lateral movement, at press time. The coin’s price had climbed to $ 5.74 and was close to its resistance at $ 5.8.
The EMA tape continues to offer coin support and may help at the start of an uptrend for Cosmos. As to RSI Stochastic, the indicator was bullish. Indeed, it was positioned in the overbought zone at the time of writing.
Zcash [ZEC]
Source: ZEC / USD, TradingView
Over the course of 48 hours, the price of Zcash traded mainly between the support at $ 61 and resistance at $ 66. At the time of going to press, the privacy coin had a transaction price of $ 62.8 with a market cap of $ 683 million. However, taking into account the price action of the past week, Zcash has done considerably well, with its price increasing by more than 12%, according to CoinMarketCap.
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