As Bitcoin plunged, Ethereum also saw a 1.4% drop in prices over the past 24 hours. Altcoins like XRP have paved their own trading trajectory as they posted a multi-month high after surging 22% since yesterday. DOT, despite being up just 0.9%, continued to creep in to test its $ 22.82 resistance mark.
XRP posted a staggering 22% growth in the past 24 hours as it hit a high of $ 1.24. With a continued uptrend, XRP could drop above its resistance at $ 1.31.
The indicators showed bullish momentum in the market. Awesome oscillator noticed growing green signal bars along with MACD flashing a bullish crossover, followed by green bars on its histogram.
Relative Strength Index highlighted that XRP was overbought, however it also showed a bearish divergence, hinting at possible possibilities for a price drop. In case XRP’s uptrend reverses, it may find support at $ 1.06.
Ethereum’s upward movement came to a halt when the coin posted a 1.4% drop in the past 24 hours. ETH was priced at $ 3162 and with a further drop in prices, ETH could touch the $ 3009.81 support line.
The 4-hour chart underscored bearish sentiment in the market. Red signal bars were seen on the Awesome oscillator along with red bars observed below the midline in the MACD histogram.
Bollinger Bands opened up and suggested likely possibilities for increased market volatility. Should the bulls regain strength, ETH could retest the immediate resistance mark of $ 3322.80.
DOT’s movement on the charts was less than its earnings. Over the past 24 hours, it gained just 0.9% as prices stood at $ 22.01.
PUNTO posted a downtrend on its four-hour chart, Awesome oscillator red signal bars flashed above the midline while MACD registered a beginning of bearish movement. A drop from its current level would cause the DOT to drop to the support at $ 20.72.
The Parabolic SAR He also validated the downtrend by looking at a dotted line above the candles. DOT has tried to break down its resistance at $ 22.82, a couple of times in the last few days. A small push can likely send the DOT over it.
This is a machine translation of our English version.
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