Bitcoin is finding it difficult to sustain the relief rally, which could put pressure on several altcoins in the near term.) faced intense selling pressure last week, but a positive sign is that lower levels near $61,000 witnessed solid buying by the bulls. This suggests that the sentiment remains positive, and traders are viewing the dips as a buying opportunity.
If buyers want to prevent the decline, they will have to push the price back above the 20-day EMA. The index could then attempt a rally to 5,265.The U.S. Dollar Index turned up from the 50-day SMA on April 9 and rose above the 105 overhead resistance on April 10, completing an ascending triangle pattern.The bulls have pushed the price to 106, where the bears are likely to pose a strong challenge.
On the other hand, if buyers keep the price above $3,056, it will suggest that the range-bound action remains intact. The bulls will gain strength on a break above the 20-day EMA. The pair could then attempt a rally to $3,679. Buyers will have to clear this overhead hurdle to start an up move toward $4,100.) has been consolidating inside a large range between $495 and $635 for the past few days, indicating indecision about the next directional move.
Meanwhile, the bulls are likely to have other plans. They will try to maintain the price above $0.46 and push the XRP/USDT pair above the moving averages. That could keep the price inside the range for a while longer.The price has reached the resistance line of the channel, where the bears are expected to mount a strong defense. If the price turns down from the resistance line, the TON/USDT pair could drop to the support line.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »