Warning: The opinions expressed by our writers are theirs and do not represent the views of U.TODAY. The financial and market information provided on U.TODAY is intended for information purposes only. U.TODAY is not responsible for the financial losses suffered during the exchange of cryptocurrencies. Perform your own research by contacting financial experts before making investment decisions. We believe that all the content is correct on the date of publication, but certain offers mentioned may no longer be available.
XRP closed below 26 EMAs, a crucial level of support in robust increased trends, for the first time this year. This rupture indicates a possible change in the momentum and an increase in down pressure. The asset currently oscillates in an area where, if buyers do not intervene, additional declines could accelerate. Xrp Currently negotiated at around $ 2,88, indicating weakness following a local summit of more than $ 3.40.
The bulls seem to lose control according to their inability to support the momentum and the loss of 26 EMA. If XRP is not recovered quickly, the following logical support is located between $ 2.75 and $ 2.70, where the last consolidation occurred. A drop below this range would highlight the much more robust support area of $ 2.50. He is worrying to lose the 26 EMA for the first time this year.
In the past, price corrections become more serious before a complete recovery can occur once this mobile average is lost in strong trends. Before trying another rally, Xrp May be a greater drop if the sales pressure increases. XRP must quickly resume the 26 EMA, which currently act as resistance, so that a bullish case contains water.
A race for $ 3.20 at $ 3.30 is likely if buyers postpon the price above $ 3.00 after finding confidence. But if this level is not recovered in the coming days, it could be a sign of a change of trend and XRP could enter a brief downward trend before leveling. If $ 2.75 is held, there can be a slight correction. There could be a more significant retirement for XRP if it breaks.
Dogecoin momentum has lost
Mastiff officially fell below the level of crucial support of $ 0.30, which remained previously retained the bearish momentum. In the absence of buyers who intervene quickly, this rupture could open the way to additional drops because it indicates an increasing weakness. Due to its role as a technical and psychological support zone, the loss of $ 0.30 is remarkable.
The 100 EMA, which has historically offered solid support, is directly lower than the current DOGE price of $ 0.30. If this level is not recovered immediately, there may be a greater correction. In the event that the decline persists, $ 0.28 is the next significant level of support. An earlier consolidation area and the 200 EMA, a historically significant mobile average for trend reversals, both comply with this region.
Related
A violation of less than $ 0.28 could lead to a more serious sale, bringing DOGE Closer to $ 0.26, the location of its most recent significant accumulation phase. DOGE must return above $ 0.30 and transform into support if the bulls must regain control. A push to $ 0.34, where the 50 EMAs are currently positioned, could be possible if an overtaking of $ 0.31 indicates a renewal of the purchase interest.
DOGE would return in a stable fork and would stop a drop if the recovery was successful. Dogecoin is found at a crucial junction. A recovery is possible if buyers intervene quickly, but if $ 0.28 is not maintained, a prolonged drop may result. The state of the market and public opinion will probably determine whether DOGE stabilizes or continues to decrease.
Ethereum is stuck
The action of Ethereum prices is stuck in a downward trend that only worse. After several unsuccessful escape attempts, the asset is currently negotiated at $ 3,101 and has trouble growing. A cross of death, a powerful technical indicator that could lead to even more eTh, becomes more likely as the downward pressure increases and that the 50 EMA quickly approaches EMA 200.
Related
The fact that Ethn Has made lower ups and lower stockings support a defined downward trend. The bulls seem to decline according to the rejection of prices close to the descending trend line and the failure of failure greater than $ 3,300. The downward trend of the 50 EMA suggests increasing sales pressure; If he breaks below the EMA 200, Ethereum can feel a new wave of sales that would push him lower.
Ethereum should continue to decrease towards psychological support of $ 3,000 if it remains less than $ 3,150. The next level of significant support, $ 2,850, could see a drop if there is a break below $ 3,000, which would increase the sale pressure. A longer -term downward trend can be confirmed and additional drop movements can be triggered if the 50 EMA cross the 200 EMA.
In order to reverse this downward trend, Ethereum Must recover $ 3,300 and transform it into support. A decision supported above $ 3,400 could change the feeling of the market and indicate a new bullish momentum. Ethereum is still in a precarious position until then, with more risk-to-down risk than increasing potential.