|

Are there any altcoins that might withstand the market fall?

Bulls could not keep the growth started at the weekend and all top 10 coins have come back to the red zone.

Chart

Top coins by CoinMarketCap

BTC/USD

Last Saturday, the Bitcoin (BTC) price recovered within the channel, and on Sunday, buyers tried to test the resistance of $36,000. However, the growth was not supported by large volumes, and the pair could not gain a foothold in the area of $36,000.

BTC

BTC/USD chart by TradingView

The price returned to the side channel this morning. If the lower border of the corridor ($34,000) does not keep the price in sideways consolidation, then the forecast for the pair to decline to support at $32,500 remains relevant.

Bitcoin is trading at $33,625 at press time.

XRP/USD

Last Saturday, buyers managed to break through the hourly EMA55, and on Sunday they broke above the $0.70 resistance. However, XRP was unable to consolidate above this level.

XRP

XRP/USD chart by TradingView

Tonight the pair returned from the maximum zone to the area of average prices and stopped the decline, but if the bears break through the support of the EMA55 moving average, the price can roll back to the POC line ($0.641).

XRP is trading at $0.6545 at press time.

LTC/USD

The rate of Litecoin (LTC) keeps falling, losing 5.53% of its price share over the last day.

LTC

LTC/USD chart byTradingView

Litecoin (LTC) has made another false breakout of the resistance at $143 which means that bulls are not ready yet to keep the rise. However, the selling trading volume is going down, confirming the weakness of bears.

In this case, the sideways trading between $143 and $130 is the more likely price action for the next few days.

Litecoin is trading at $136.57 at press time.

LINK/USD

Chainlink (LINK) has lost less than Litecoin (LTC) as its rate has decreased by 5%.

LINK

LINK/USD chart byTradingView

Chainlink (LINK) is trading similarly to Litecoin (LTC) as it is also located in the sideways range. At the moment, the altcoin is closer to the support zone than to the resistance which means that its breakout can lead to a sharp decline to $14.

LINK is trading at $18.19 at press time.

XLM/USD

Stellar (XLM) is the top loser today, going down by almost 6% since yesterday.

XLM

XLM/USD chart byTradingView

Stellar (XLM) has confirmed the ongoing bearish mood as the coin has fixed below the $0.2742 mark. In this regard, there are chances to continue to drop to the nearest level at $0.2392.

XLM is trading at $0.2536 at press time.


Read full original article on U.Today

Author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis.

More from Denys Serhiichuk
Share:

Editor's Picks

XRP Price Prediction: XRP tests major support at $1.00
Ripple (XRP) remains pressured on Friday, trading around $1.03 at the time of writing. The token appears to hold this current level as support but lacks a catalyst to sustain a knee-jerk rebound toward the next key resistance at $1.10.
Top AI Coins Forecast: Chainlink, Near Protocol and Bittensor broadly stabilize after sell-off
The cryptocurrency market is stabilizing on Friday as prospects for de-escalation in Middle East geopolitical tensions improve. Artificial Intelligence (AI)-focused tokens such as Chainlink (LINK), Near Protocol (NEAR), and Bittensor (TAO) continue to face selling pressure, yet are defending key technical support levels.
Bitcoin’s volatility has nearly disappeared – The risk hasn’t
Spot Bitcoin ETFs are yet to see outflows this month, bringing in $754 million in the first week of August. Yet, Bitcoin remains steady at $64,700, while options flow favors protection at $62,000 and $63,000. The opposing signals point to a market with a spot bid but limited conviction.
Crypto Today: Bitcoin, Ethereum hold steady, XRP decline nears $1.00 amid easing geopolitical tensions
Cryptocurrency prices are relatively stable on Friday, with Bitcoin (BTC) edging higher above the immediate $64,000 support. Ethereum (ETH) holds fairly above the short-term $1,900 demand area, as bulls target a potential breakout. Meanwhile, Ripple (XRP) maintains a dominant bearish outlook, edging lower toward the crucial $1.00 support.
Bitcoin: Can bulls weather the market uncertainty?
Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.