BTC/USD
The bears resumed their onslaught yesterday morning, continuing the decline in the BTC price. In the afternoon, the pair broke through the 23.6% Fibo level (30595.44 USD) and tested the psychological mark of 30,000.00 USD. The annual minimum set in January 2021 has been updated to 28,600.00 USD.
Immediately after that, the price bounced above 32 thousand US dollars and remained in a narrow sideways corridor until the end of the day. Despite the fact that the volume of purchases decreased in the morning, the pair was able to break through 34000.00 USD and is trying to gain a foothold in the high zone.
On the daily time frame, the Stoch RSI indicator lines form a buy signal. It is hoped that the pair has bottomed out and the red down trend line has been able to reverse the retracement price.
At the same time, there is still a small potential for a deeper decline of the indicator lines to the oversold zone. Therefore, it cannot be unequivocally stated that the down trend has already ended.
ETH / USD
Yesterday bears pierced the support of 1735.00 USD and renewed their two-month low to the level of 1700.00 USD.
In the evening, the Ethereum price bounced back to the upper border of the blue channel (1860.00 USD). This level was able to keep the pair in a tight consolidation, after which buyers were able to form a rather powerful bullish impulse and restore the price of ether above the psychological level of 2000.00 USD.
If today large volumes of purchases continue to rise, then the pair will be able to recover to the area of the four-hour EMA55.
XRP/USD
Yesterday the XRP price continued to decline and in the afternoon came close to the strong support of 0.500 USD. The June low is set at 0.510 USD.
In the evening, the market began to recover and until this morning the price has returned above sixty cents per coin. If buyers are able to continue the recovery, the pair will return to the orange level of 0.700 USD.
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