Over the past day, price volatility in the market was quite low, and cryptocurrency pairs consolidated in a sideways range, in the area of average prices.
BTC / USD
Yesterday Bitcoin price consolidated in the areasupport 32600.00 USD. Weak attempts by buyers to restore the pair above the two-hour EMA55 were unsuccessful. The moving average in the afternoon limited the possible price recovery towards the purple downtrend line.
Today, buyers will continue to try to test the resistance of the trend line, but the bears will be able to maintain control over the market and smoothly push the price towards the psychological support of 30,000.00 USD.
ETH / USD
Yesterday, the two-hour moving average EMA55 tomid-day kept the ETH / USD pair from a deeper decline, but after lunch the bears managed to push through the average price level and test the support of 1250.00 USD.
Before the end of the day, the ether price managed to recover to its previous level and this morning the sluggish consolidation in the area of average prices will continue.
If the bears push through the support of 1250.00 USD, then the pair will test the blue uptrend line, around the 1200.00 USD mark.
XRP / USD
The XRP price tested the 0.260 USD support yesterday. During the day, trading volumes remained below average and the pair's volatility decreased even more.
At the moment, the amplitude of sideways fluctuations is sandwiched between the support of 0.260 USD and the two-hour EMA55. If sellers are able to form a bearish momentum, then the price will test the 0.240 USD level.
* All price values are based on data from the BitStamp exchange
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