/USD hit a low of $1,616.63 earlier in today’s session, which comes following a high at the $1,701.43 mark the day prior.
As a result of today’s drop, the world’s second largest cryptocurrency moved below a key ceiling at the $1,675 point.Looking at the chart, the decline came as the RSI failed to break out of a resistance level at 60.00. At the time of writing, price strength is now tracking at 56.90, with the next visible point of support at 55.00Register your email here to get weekly price analysis updates sent to your inbox:
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