Yesterday's price decline has been suspended, but the pair will not be able to gain a foothold at current levels.
BTC / USD
Yesterdaybears squeezed the BTC price out of the $8,240 corridor– $8310. In the afternoon, the BTC/USD pair broke through the lower limit of the range and tested the support at 8100.00 USD. From this strong level, the price rebounded to the area around 8150.00 USD, where it spent the entire night in a narrow consolidation.
On a four-hour time frame, indicator linesStoch RSI has reached the oversold zone, but we believe that if selling pressure resumes, the price may continue to decline towards 7900.00 USD.
On higher time frames, indicators are deep in the overbought zone. It is likely that the pair will soon consolidate in consolidation and begin to show signs of recovery.
ETH / USD
Yesterday, buyers struggled at the level of average prices anddidn't give up for a long time. In the evening, a strong bearish impulse pushed through the support of the hourly moving average EMA55, and the pair marked a low around 177.00 USD.
By the end of the day, the price rebounded to the support of 180.00 USD, but it seems that it will no longer be possible to gain a foothold in this area in the flat. Today the decline will continue and may slow down near the level of 174.00 USD.
XRP / USD
Yesterday, the lower border of the yellow range tried to keep the XRP price within the sideways corridor. However, in the evening the bears increased pressure and rolled the pair below the average price level.
At night, the activity of sellers died down, and the price began to recover, but it is no longer possible to return to the yellow corridor. Today the decline may continue to support 0.280 USD.
* All price values are based on data from the BitStamp exchange