In reality, the sellers might step in and take control of the XRP market. Likewise, even after the former coin traded at record levels yesterday, ATOM and DASH could also surrender to the sellers. XRP did not have the momentum to break away from the $0.63 mark amid a buoyant divergence.
Cosmos advanced to the Red Territory at the time of publishing, with the price dropping by almost 4 per cent in the last 24 hours. The Awesome Oscillator showed that the bearish momentum was up and the bulls were in danger of losing out on the $19.7 support point.
A favourable outcome could only be anticipated if the purchasing pressure increases in the next few sessions and the same is recorded by the OBV. A bullish scenario will see ATOM climbing to a fresher all-time high on the charts. Conversely, a fall below the current support mark will equate to $17.9 for the next line of protection.
Dash has risen by more than 20% since yesterday and has risen to a local high of $279, the amount most recently seen in July 2018. Recent interest in privacy-coin was reported in 24-hour trading volumes, which increased by more than 200 per cent and amounted to more than $7 billion. The Amazing Oscillator underscored the solid bullish momentum. On the downside, the development of a red candlestick on its 4-hour graph gave rise to the possibility of correction.
The same was further accentuated by the RSI that pointed at the reversal. In the case of a downside, the assistance levels are $233.2 and $205.3.
The northbound movement of XRP was halted at a high resistance line of $0.63 even after a bullish divergence on the RSI. This indicated that greater conviction was required in the market to back up the breakout in the coming sessions. In fact, the MACD closed on a bearish crossover and indicated that market power could be shifted to the selling side in the short term.
Bearish predictions could mark the onset of a downtrend, particularly if the bulls were unable to hold on to the $0.45 support. However, the number of buyers was still important in order to address any sales pressure in the coming sessions.
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