While the market apparently jumped on the recovery train, XRP’s 20 SMA crossed its 50-200 SMA in a golden cross. Now, its technical data showed mixed signs in the near term.
Dogecoin blinked but continued its recovery with mounting buying pressure. Terra, however, saw exponential gains and reached its ATH on December 24.
As we saw in the Previous analysis, XRP continued to swing in an ascending wedge (green, reversal pattern) after the breakout of the ascending triangle (white). The alt saw an ROI of 21.3% during this phase, as it hit its three-week high on December 23.
Meanwhile, the 20-high school (red) crossed the 50-high school (gray) and the 200-high school (green), showing a strong trend reversal for the bulls. However, with a bearish divergence (white trend line) and strong resistance at the $ 1.01 level, the price action saw a collapse towards the $ 0.88 mark.
Now the 50-SMA held as immediate test support as price action rallied.
At press time, XRP was trading at $ 0.9175. The RSI it swung near the 46 mark after a sharp drop, but did not lose its power. Retracement volumes (red) seemed higher than recovery volumes recently. The Press the moment indicator it flashed gray gots and hinted at a phase of high volatility.
LUNA witnessed a massive rally after a breakout in the descending channel on December 14. Since then, the alt has risen aggressively between two parallel channels heading north and showed no signs of correction at press time. It saw ROI above 96.89% (from the low on Dec 14) until it touched its ATH on Dec 24.
The 20-SMA (red) was excellent support for the alt during the rally. Over the past two days, the bulls tested the $ 100 level three times after showing one-sided buying power.
At press time, LUNA was trading at $ 100.31. The RSI It wavered around the 63 mark and showed no signs of slowing down at press time. He too OBV Visibly affirmed purchasing power. However the Volume oscillator began to make lower highs, without eradicating the possibility of a short-term setback.
During the past day, DOGE experienced a slight pullback after encountering strong resistance at the $ 0.1919 level. After retesting this level five times in the past two days, the alt succumbed to a wider sell and faded.
The bulls apparently gained traction as the alt noted a 16.61% gain in five days (from the December 20 low). This rally marked an ascending channel (yellow) on its 4-hour chart.
The recent signal found support at the 20-SMA (red). Now, the meme coin has approached the $ 0.1919 mark (three-week resistance) to retest. Trading volumes and OBV saw a corresponding spike, hinting at a healthy trend reversal.
At press time, DOGE was trading at $ 0.1887. The RSI it tumbled from the overbought region, but remained above 59 points, representing a strong bullish influence. The Press the moment indicator now black dots flashed, hinting at a phase of low volatility.
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XRP, Terra, Dogecoin Price Analysis – Dec 26