The four highest cap cryptos, Bitcoin(-0.03%), Ethereum (-0.07%), Ripple (-0.26%), and Litecoin(- 0-02%) are still held in a range by sellers. Meanwhile, buyers began focusing on other coins such as ALGO (+7.84%), VeChain (+16%), Cosmos (ATOM, +3.22%), and NEO (+4.44%).

On the Ethereum token sector, the best performers are Aurora (+23.45%), followed by Jewel (+18.7%), Synthetic Networks (+5.92), and Centrality (+4.8%).

Coin360

The market capitalization of the crypto sector is almost unchanged at $239.5 Billion, with a decreased 24H traded volume of $28.3 Billion (-2.49%), while the dominance of Bitcoin is 65.91%.

Market

 

Hot news

Royal Bank of Canada (RBC) is said to be developing a cryptocurrency exchange and permitting cryptocurrency accounts for its users. The platform would allow its users buying, selling, and transfer funds in several cryptocurrencies, including Bitcoin and Ethereum.

Ontario-based Blockchain company Blockchain Venture Capital Inc has announced the launch of a USD-pegged stablecoin CUSD. The company states that this stable coin will improve the exchange of merchandise across the borders of Canada and the US.

 

Technical Analysis


Bitcoin

Bitcoin

Bitcoin seems to be moving in a range between its 200-period SMA and its 50-period SMA. Currently, it is forming a bottom and heading to test the $8,800 resistance.

The volume is thin, so these moves are marked by sellers fading at the minor tops and buyers fishing at significant bottoms. The crossing of the $8,800 level might start creating interest and increase the traded volume. A breach of the $8,660 level would trigger a new downward leg to $8,300.

Supports Pivot Resistances
8,667 8,800 9,000
8,515   9,170
8,315   9,465


Ripple

Ripple

Ripple continues in its downtrend, making new lower lows. The price moves in its -1SD Bollinger line, which also points down. We see the price below $0.275 and with its bear candlesticks with high volume. Unless there is an overall trend in the crypto market, we see this token continue descending to 0.266 and below. Another bad sign is the 50-period SMA crossing under the 200- period SMA. We can see that currently, the price is below both averages, and even below the 20- period SMA, that is the central line of the Bollinger Bands.

Supports Pivot Resistances
0.2715 0.2750 0.2800
0.2670   0.2870
0.2610   0.2930


Ethereum

Ethereum

Ethereym continues moving as yesterday. $184 seems to be the closest price support. The price moves near the Bollinger band mean line and in the middle of a range between $180 and $193. We see the volume of green candles is larger than the on red candles. Therefore ETH behaves slightly bullish. $188 and $184 are the key levels to watch.

Supports Pivot Resistances
182.00 186.00 188.00
180.00   192.00
176.00   194,5


Litecoin

Litecoin

Litecoin is moving similarly to Ethreum, making higher lows and its moving averages pointing up. Currently, the price action seems constrained in the middle of the horizontal range between $60 and $64.4. As seen yesterday, $64.4 appears to be a level marked by sellers to dump their position and, therefore, a strong resistance level. That limited upside may harm the short-term outlook of this coin. We should observe the $61.36 level for signs of more weakness.

Supports Pivot Resistances
60,8 62.25 64.20
58.00   66.40
55.50   68.30

 

 


 

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Editors’ Picks

Bitcoin Price Forecast: BTC sandwiched between strong resistance and support levels

The BTC/USD bulls took back control following this Friday’s bearish correction. The price is currently consolidating inside the ascending triangle formation. The buyers must attempt to break past the downward trending line to break above the triangle. 

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Ethereum Price Analysis: ETH faces strong resistance wall at $360

Ethereum sees a steady rise in activity and market capitalization, all thanks to the ongoing DeFi boom. The coin bounced up from the $320 support line this Thursday and has gone up to $350 over three days. 

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NEO Technical Analysis: A test of 200-HMA likely on NEO’s road to recovery

NEO/USD witnessed good two-way businesses on Friday, having finally settled in the red after fading a spike above the $23 mark. The buyers have regained control this Saturday, allowing a tepid bounce in the spot.

More NEO News

Ripple Price Forecast: XRP flashes sell signal in the hourly chart – Confluence Detector

XRP/USD has had three straight bullish sessions. XRP daily confluence detector shows moderate-to-strong resistance at $0.245. On the downside, there are two healthy support levels at $0.2425 and $0.24.

More Ripple News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Keep calm and HODL on until the USA elects the president

Bitcoin (BTC) partially regained the losses incurred at the beginning of the week; however, the upside momentum is still too weak to take the price out of the bearish territory and ensure a sustainable recovery. 

Read the weekly forecast

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