0x (ZRX) is attempting to break out above a long-term resistance level at $2.

CELO (CELO) has been increasing since reclaiming the $3.60 support area.

THORChain (RUNE) reached a new all-time high price on March 31.

ZRX has been decreasing since Feb. 12, when it reached a high of $2.036. After dropping for two weeks, ZRX bounced at the $1.13 level and is currently making another breakout attempt. 

Technical indicators in the daily time-frame are bullish. 

The MACD has nearly crossed into positive territory, and the RSI is crossing above 70. Furthermore, the Stochastic oscillator has made a bullish cross. 

If ZRX breaks out, the next resistance area would be found at $2.50.

The weekly chart also supports the possibility of a breakout. The main resistance area is $2, and ZRX has never reached a weekly close above it. 

While there is a potential bearish divergence in the RSI, it is still unconfirmed. Also, both the MACD & Stochastic oscillator are moving upwards. 

Therefore, ZRX is expected to break out.

On March 24, CELO deviated below the $3.70 support area. However, it reclaims the $3.60 support area shortly afterward and has been moving upwards since.

Technical indicators are bullish. Therefore, it is likely that the CELO trend is bullish.

The short-term chart shows a breakout from a descending resistance line. 

Therefore, CELO is expected to increase towards the all-time high resistance area of $5.80.

On March 11, RUNE reached a high of $6.77 and fell immediately afterward.

However, it reversed the trend on March 25 and reached a new all-time high price five days later. 

Technical indicators are bullish, as evidenced by the positive MACD and the RSI cross above 70. 

Currently, RUNE is trading at the $8.25 resistance area, which is the 1.61 external Fib retracement of the most recent drop. 

The next resistance area is found at $10.63, the 2.61 external Fib of the same drop.

For BeInCrypto’s latest bitcoin (BTC) analysis, click here.

The post ZRX, CELO, RUNE: Technical Analysis For March 31 appeared first on BeInCrypto.

259 +