BTC / USD
Last Sunday, the bulls were able to overcome the resistance of 48000.00 USD and once again tried to test the target level of 50,000.00 USD. As a result, the bitcoin price renewed its absolute maximum around the 49715.00 USD mark, but until the end of the week it could not reach the psychological level “fifty thousands».
A rather strong bearish momentum pulled the pair back below the average price level tonight and sellers tested the 46000.00 USD support. In the morning, the price bounced off this support level and is consolidating around the two-hour moving average EMA55.
If at the beginning of this week the bearish momentum is repeated, then the decline may reach 44,000.00 USD. If the level of average prices keeps the onslaught of sellers, then the pair will recover to the area of ​​49000.00 USD.
ETH / USD
Over the past weekend, the bulls were unable to continue the race above 1900.00 USD. On Saturday, the ether price rolled back to the average price area and all Sunday it tried to gain a foothold above the two-hour EMA55.
Nevertheless, the bears pushed through this strong support tonight and set a local minimum at 1660.00 USD. In the morning, the price bounced to the area of ​​1720.00 USD and is trying to continue recovery in the area of ​​the moving average EMA55.
However, the volume of purchases is still low, and the pressure of sellers may intensify. As a result, at the beginning of this week, the pair may roll back to the support of the blue trend line (1560.00 USD).
XRP / USD
Over the weekend, the XRP price could not hold above the 0.600 USD level and by the beginning of this week fell back below the four-hour EMA55.
This level of average prices has suspended the pair’s decline so far and does not allow sellers to test the psychological mark of 0.500 USD. However, today the bears may intensify the onslaught and bring the price of the coin back below fifty cents.
If the psychological support at the level of 0.500 USD holds, then in the first half of the week, the pair will be able to recover to the zone of recent highs.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
