173 Interactions, 6 Today
It has been a mixed trading day in the altcoin market. As Bitcoin and Ethereum reversed yesterday’s gains, XRP mirrored the same price action. The alt noted a 3.3% decline eyeing its nearest support of $1.07.
SOL and EOS continued to record gains. Solana noted an 8% appreciation strengthening its upward trend. Lastly, EOS traded closer to its immediate resistance of $5.20 after a minor gain in prices.
XRP was down 3.3 percent in the last 24 hours, trading at $1.14. The altcoin’s nearest support level was $1.07, followed by $0.93. According to technical indicators, XRP lost traction as sellers recaptured the market in the last 72 hours.
Despite an increase, the Relative Strength Index remained below the half-line. MACD’s histogram displayed green bars that were receding throughout the previous trading sessions.
The Bollinger Bands stayed parallel, indicating rangebound movement. The predicted price range for XRP is between $1.19 and $1.07. If XRP continues to rise, the coin’s resistance levels are $1.19 and $1.30.
Solana’s uptrend continued, with the alt rising by 8% in the last 24 hours. The currency was selling at $94.29, just a few cents below than its all-time high of $96.60. SOL’s resistance level was $96.60, and it has the potential to reach the psychological barrier of $100. Indicators for the cryptocurrency have remained optimistic.
MACD displayed green bars on its histogram, whereas the Awesome Oscillator boosted green signal bars.
As noted on the Relative Strength Index, buying pressure increased, and the indicator entered overbought territory. In such a circumstance, a corrective price pullback cannot be ruled out. If there is a downturn, the support levels for SOL are $80.63 and $61.93.
EOS was selling at $5.09, a 2.7 percent increase from the previous day. It was trading close to its immediate resistance level of $5.20, and a sustained rally could cause EOS to collapse. Additional price ceilings of $5.60 and $5.90 awaited.
The Relative Strength Index showed that buying pressure was above the 50-point threshold, indicating that the value of EOS had rebounded from recent losses. MACD’s histogram continued to show green bars.
Awesome Oscillator confirmed this with green signal bars. If EOS falls below its current level, it will be trading near the $4.53 price floor.