If BTC can flip $41,000 back to support, XRP & NEAR could attract potential buyers. BTC leaped below $40,000 and has been trading below the level throughout the weekend.
BTC
BTC broke below the moving averages last week signifying that the bears are attempting to gain the upper hand. The bulls tried to trap the aggressive bears by pushing the price back above the moving averages over the weekend but was unsuccessful. If the price endures below the moving averages, the bears will try to pull BTC to the support line of the ascending channel.
XRP
XRP has been attempting to rise above the downtrend line for the past few days but the bears have held their ground. A minor positive is that the bulls have not given up and are trying to defend the 50-day SMA at $0.72. The moving averages and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If bulls push and sustain the price above the downtrend line, the momentum is likely to pick up and could rally to $0.91.
NEAR
NEAR is crammed between the moving averages for the past few days. This shows that bears are selling on rallies to the 50-day SMA at $11 while bulls are buying on dips to the 20-day EMA at $10. The RSI is near the midpoint and the 20-day EMA has flattened out, indicating a status of equilibrium between the bulls and the bears. If the price rebounds off the current level and breaks above $12, it will suggest that bulls are on a comeback.
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