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The cryptocurrency market was mostly trading in the green with some coins registering rallies and others positively consolidating on their respective charts. XRP could revisit its overhead resistance, while Solana logged a considerable gain of almost 8% over the last 24 hours. OMG on the other hand massively hiked by 25.40% and was on its way to secure a fresh multi-month high.
XRP has gained 2.7 percent in the last 24 hours and is currently trading at $1.03. At $1.14, the coin encountered immediate overhead resistance. The price of XRP was seen above its 20-SMA line on the four-hour chart, indicating that price momentum was in favour of buyers.
The Relative Strength Index was at 60, indicating that the market was buying. The MACD histogram displayed green bars, while the Awesome Oscillator displayed one red signal bar because the previous trading session was negative.
A drop below the current price level could send XRP as low as $0.94, then to its two-week low of $0.87.
Solana increased by 7.90 percent in the last 24 hours and was priced at $171.01. Solana would trade near $188.53 and then at its multi-week high of $214.08 if prices rose above the current level.
At press time, the Relative Strength Index had been hovering in the overbought zone for the previous few days, but it was still slightly below the 75-mark. On its histogram, the Awesome Oscillator displayed green signal bars, while the MACD flashed green bars.
SOL can experience a fall in price given it meets with the price correction, in which case the support region stretches from $163.74 to $125.95. The additional price floor stood at $93.20 which the coin last touched over a month ago.
OMG network increased by 25.40 percent in the last 24 hours and was trading at $17.15. The coin’s immediate resistance level was $18.27. On the four-hour chart, OMG was above the 20-SMA line, indicating that price momentum was aligned with buyers in the market.
In relation to the aforementioned statement, the Relative Strength Index was at a one-month high, indicating that the token was massively overvalued. On its histogram, Awesome Oscillator displayed tall green signal bars, while MACD flashed green bars.
A price pullback cannot be completely overruled, in case of which OMG might find itself resting first on the $14.48 support level. A fall beneath which could cause OMG to trade near $11.06 and then at $8.14.