Most altcoins on the market, at press time, were trading sideways with minor gains and losses. The likes of XRP and Ethereum Classic rose on their respective charts.
XRP secured 3.3% gains while looking for a new one-week high. Ethereum Classic is up 3.6% after breaking down its resistance at $ 58.09. COSMOS, on the other hand, paused after posting an all-time high in the last 72 hours.
XRP saw signs of consolidation as it secured minor gains of 3.3% in the last 24 hours. The altcoin was trading at $ 1.11. Overall resistance for XRP stood at $ 1.20 and hitting the price ceiling mentioned above would cause XRP to hit a one-week high. Additional price resistance levels stood at $ 1.13 and a multi-month high of $ 1.39. Despite XRP’s sideways trading, the altcoin’s price was well above its 20-SMA.
Corresponding to 20-SMA, the Relative Strength Index it was above the median line, as the strength of buying remained positive. the MACD he continued to annotate short green histograms. the Awesome oscillator a red signal bar blinked as the last trading sessions were red.
If XRP continues to trade sideways following a drop in buying force, the price could move south. The immediate support level was at its one-week low of $ 1.06.
Classic Ethereum [ETC]
Following a broader market consolidation, classic Ethereum also saw sideways movement on its four-hour chart. During the last 24 hours, ETC gained 3.6% and was priced at $ 59.14.
On the four-hour chart, ETC’s price was parked above its 20-SMA line, an indication that price momentum was inclined to favor buyers in the market. According to it, the Relative Strength Index It was seen above the 50 mark.
Capital inflows were positive Chaikin money flow it was placed above the midline. Finally, the MACD observed short-sized green histograms.
With further consolidation, Ethereum Classic will find support at $ 58.09 and then $ 50.11.
COSMOS decreased 1.80% in 24 hours and was priced at $ 33.85. While it recovered significantly over the past week, the sell-offs soon followed.
The immediate support level for the altcoin stood at $ 31.47. If the crypto doesn’t trade above it, it could drop to $ 26.94 and then revisit its one-week low of $ 18.71.
the MACD in the image of red histograms after a bearish crossover. the Bollinger Bands they converged slightly, indicating that price volatility will remain low during the next trading sessions. the Relative Strength Index it was still parked above 50 but threatened to fall below it.
On the other hand, if buying pressure increases and it continues in bullish territory, COSMOS could revisit its all-time high of $ 38.38.
This is a machine translation of our English version.