Will XRP, LINK & 3 More Bounce Here? 5 Altcoins Testing Make-or-Break Levels
- XRP, LINK & 3 more altcoins test make-or-break support levels now
- Oversold RSI in XRP, TEL prompts analysts to watch for bounce opportunity
- Analysts watch if critical support holds; key test for reversal in 5 altcoins
Five key altcoins show critical technical setups as the broader crypto market consolidates. XRP, Chainlink (LINK), Hedera (HBAR), Telcoin (TEL), and Celestia (TIA) currently test significant support levels or face immediate resistance.
Their individual chart patterns hint at potential upcoming volatility and this report breaks down the current technical picture for each asset.
Oversold XRP Tests Key Support After Latest Correction
XRP corrected sharply after breaking down from a rising wedge pattern previously formed near $2.47. The price currently trades around $2.17, operating below the previous $2.30 support level which now likely acts as overhead resistance.
While major EMAs currently trend downward and the MACD indicator remains bearish, the Relative Strength Index (RSI) has plunged to a reading near 20.85. Such deeply oversold RSI levels sometimes suggest selling pressure may be …
The post Will XRP, LINK & 3 More Bounce Here? 5 Altcoins Testing Make-or-Break Levels appeared first on Coin Edition.
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Will XRP, LINK & 3 More Bounce Here? 5 Altcoins Testing Make-or-Break Levels
- XRP, LINK & 3 more altcoins test make-or-break support levels now
- Oversold RSI in XRP, TEL prompts analysts to watch for bounce opportunity
- Analysts watch if critical support holds; key test for reversal in 5 altcoins
Five key altcoins show critical technical setups as the broader crypto market consolidates. XRP, Chainlink (LINK), Hedera (HBAR), Telcoin (TEL), and Celestia (TIA) currently test significant support levels or face immediate resistance.
Their individual chart patterns hint at potential upcoming volatility and this report breaks down the current technical picture for each asset.
Oversold XRP Tests Key Support After Latest Correction
XRP corrected sharply after breaking down from a rising wedge pattern previously formed near $2.47. The price currently trades around $2.17, operating below the previous $2.30 support level which now likely acts as overhead resistance.
While major EMAs currently trend downward and the MACD indicator remains bearish, the Relative Strength Index (RSI) has plunged to a reading near 20.85. Such deeply oversold RSI levels sometimes suggest selling pressure may be …
The post Will XRP, LINK & 3 More Bounce Here? 5 Altcoins Testing Make-or-Break Levels appeared first on Coin Edition.
Read More