Recently, the price of XRP has decreased to less than 50 EMA, which works frequently as decisive support for upward momentum. Many traders wonder whether the return on a sign of $ 3 is still possible, given that the original is currently having difficulty getting $ 2.50. The clear loss of the bullish trend structure in the current price of XRP is the most disturbing aspect.
The 2.10 dollar level is the next decisive support level for monitoring. XRP may be pulled around 200 EMA, which is located at about $ 1.80 if the price is unable to stay above this area. Recovery, however, is not completely possible. XRP tries to form a local bottom and find some temporary stability despite the sharp decline. In order to form a bullish reflection, the price must restore more than $ 2.80 and restore 50 EMA as support.
This would pave the way to re -test the resistance area of $ 3, which was an important obstacle in the past. On the other hand, the directions of the size decrease, indicating that there is less purchased attention at the present time. XRP may find it difficult to maintain any recovery efforts in the absence of a significant increase in demand. In addition, the RSI revolves in a neutral area, indicating that there is no significant reflection that appears yet.
The most likely scenario at the moment is that there will be more unification between $ 2.50 and $ 2.10. If XRP penetrates 2.10 dollars, the decrease may accelerate. However, returning to $ 3 may still be possible if buyers enter and prepare the lost land, although there will be strong opposition first.
Solana is about to circumvent
With a slightly above $ 200, which is the decisive psychological and technical level, Solana (Sol) is at a turning point. The imminent intersection of 50 and 100 Emas may cause additional fluctuations in the downside, and modern price actions indicate that Sol faces difficulty restoring momentum after its sharp drop.
Solana offers weakness because it is unable to recover the lost land, and is currently trading at about $ 205. It is often referred to as a landfill change in momentum through the decrease in the original under 50 EMA and the rapid 100 EMA. The completion of the landing cross between the two moving averages may increase the pressure pressure and cause the Sol to be lower than the $ 200 sign.
Related
The level of direct support is $ 191, as buyers enter the past to stop the decline. If this level is not fixed, the next important support, which corresponds to the previous demand area is about $ 175.
Sol will enter a more severe correction phase if it erupted less than that, and it may test 200 EMA near $ 160. On the positive side, 50 EMA is currently $ 222, followed by the first large resistance at $ 215. In order for there to be any possibility to reflect the upcoming reflection, Sol will have to go back above these levels to indicate that there is a new interest in buying. Low activity in size directions indicates that the bulls are not very confident at the current levels. Although it is in a neutral area, the relative strength index is slightly deviant down, indicating that the bear market is still strong.
Dogoin test
Dogecoin is close to a turning point as it approaches 200 EMA, a level that may decide whether the M -currency continues its upward path or begins at the bottom. After a sharp increase of more than 250 %, DOGE has made a significant decrease, as she wiped the majority of her gains and tested important support levels that will determine the next path.
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Dogecoin is currently trading at about $ 0.266, which is a sharp decrease from its last higher levels of more than $ 0.44. The size of the size increased along with a decrease, indicating that a large percentage of merchants sell their locations. Strong pressure down indicates a wave of sale that may push Dog to a decrease, although the higher size can sometimes indicate a reflection. Asset 200 EMA is now the last defense line. In the past, this level was a solid buffer, stopping additional drops.
The recovery may be short -term if Doge is able to keep this moving average higher, with potential upward resistance approximately $ 0.30 and $ 0.317. However, a full transformation can be confirmed to a declining direction if the price decreases to less than 200 EMA, with $ 0.22 as an important support for the following. EMA, which indicates an increase in the declining momentum, adds to fears.
These moving averages may accelerate the decline and cause more investor surrender if crossed down. Since RSI levels are currently 40 years old, it seems that Doge has not yet increased and has the ability to increase the decline. To maintain a decrease to less than 200 EMA at this stage, Dogecoin needs strong purchase support.
