THETA, GALA, and SAND Lead Weekend Crypto Bears – Market Updates Bitcoin News

THETA, GALA, and SAND have been a few of Saturday’s greatest cryptocurrency casualties, as an onslaught of bearish strain pushed costs decrease. This got here while market bulls have been few and much between to start the weekend.

Greatest Gainers

As of writing, DOGE and LUNA have been each marginally larger, nonetheless it was XRP that made probably the most good points throughout the crypto prime 100 this Saturday.

Regardless of the vast majority of cryptocurrencies remaining in pink, XRP is up almost 6% as of writing, following two days of robust bullish sentiment.

XRP/USD rose to an intraday excessive of $0.8237 on Saturday, following a low of $0.7603 throughout the session prior.

Technical Analysis: THETA, GALA, and SAND Lead Weekend Crypto Bears
XRP/USD – Every day Chart

The transfer got here as costs prolonged their climb from help at $0.7550, they usually now appear to be heading for a resistance degree close to $0.8505.

Blog New Ap Pricing e1637002475474

Regardless of XRP being probably set for a lot of good points, this might be thwarted by the 58 degree on the 14-day RSI, which seems to be some extent of uncertainty.

Ought to costs handle to achieve resistance, nonetheless, historical past has proven {that a} vital quantity of bearish exercise takes place at mentioned degree.

Kryll - Automated crypto trading made simple

Greatest Losers

GALA and the sandbox have been a few of the greatest cryptos to fall on Saturday, because the pink wave was really current to start out the weekend.

Nonetheless, the worth of THETA fell for a 3rd straight session, and now sits beneath its latest help degree of $3.25.

THETA/USD fell to an intraday low of $3.09 throughout right now’s session, and is down shut to five% as of writing.

Technical Analysis: THETA, GALA, and SAND Lead Weekend Crypto Bears
THETA/USD – Every day Chart

Costs fell by virtually 10% earlier right now. Nonetheless, following the breakout from the ground, the downward strain eased as merchants seemingly liquidated some positions.

Right now’s decline noticed THETA fall to its lowest degree since February 6, with the 14-day RSI dropping to its lowest level since February 4.

May losses be prolonged all through the weekend? Tell us your ideas within the feedback.'
Eliman Dambell

Eliman brings a diversified perspective to market evaluation, having labored as a brokerage director, retail buying and selling educator, and market commentator in Crypto, Shares and FX.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct provide or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, providers, or firms. doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, straight or not directly, for any injury or loss brought on or alleged to be attributable to or in reference to using or reliance on any content material, items or providers talked about on this article.

Source link

Related Articles

Leave a Reply

Back to top button