BTC, ETH, XRP Slide Together 🌊 – Bearish Momentum Builds B
koinmilyoner
Updated at: 2 hours ago
{"content":"BTC, ETH, XRP Slide Together 🌊 – Bearish Momentum Builds
Bitcoin price is reaching its 50-day EMA, and a fall below might lead to further losses.
Ethereum price continues to correct after falling below $4,488.
Bearish pressure keeps XRP down, adding to last week's roughly 2% dip.
After declines of 0.3%, 3.5%, and 2% last week, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) saw further selling pressure on Monday. Weakening momentum in these top three cryptocurrencies suggests additional decline.
Bitcoin might fall farther if it breaks crucial support.
After breaking below $116,000 on Friday, bitcoin fell modestly over the weekend. It is correcting toward the 50-day Exponential Moving Average (EMA) around $114,002 as of Monday.
BTC may fall to its next daily support at $107,245 if it closes below the 50-day EMA at $114,002.
BTC may rebound toward its daily barrier of $116,000 if it finds support around the 50-day EMA at $114,002.
Ethereum indications are pessimistic due to slow momentum
Ethereum fell marginally on Sunday after closing below its daily support level at $4,488 on Friday. It's down 3.43% to $4,293 as of Monday.
Should ETH continue its slump and falls below its daily support around $4,232, it might fall to $3,593.
However, ETH might rise toward its daily barrier at $4,488 if it finds support around $4,232 and recovers.
After closing below its 50-day EMA, XRP corrects.
Ripple's XRP price fell roughly 2% last week. Beginning this week, it fell below the 50-day EMA and traded around $2.90 on Monday.
XRP may fall to its next daily support around $2.72 if it continues its drop.
XRP might rebound to its daily resistance around $3.40.
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