The bulls may have taken the initiative as all the coins from the top 10 list have returned to the green zone.
BTC/USD
Yesterday, on a second attempt, the buyers were able to overcome the resistance of the two-hour EMA55 and gain a foothold above $42,447.
Nowadays, one should watch the further movement of the pair. If the bulls can resume the recovery towards $45,000, a retest of the $46,000 resistance can be expected this week.
If the bears break the moving averages and do not allow the pair to gain a foothold above $42.447 for a long time, the market decline is not over and the decline could continue. below the psychological $40,000 mark.
Bitcoin is trading at $43,912 at press time.
ETH / USD
Yesterday afternoon, Ethereum (ETH) price broke through the resistance of the EMA55 moving average and by this morning it had consolidated in a narrow consolidation around the $3,335 mark.
If today, the bulls continue to climb above the $3,400 resistance, one could consider the possibility of further growth in the $3,800 area.
If the pair fails to break through the resistance, it is too early to talk about a reversal.
Ethereum is trading at $3,372 at press time.
XRP/USD
XRP price rebounded above the two-hour EMA55 yesterday. At the end of the day, the pair consolidated above the average price and continued weak growth tonight at $0.77.
If buying volume picks up today and continues to grow above the $0.80 resistance, one can count on a recovery towards the POC line ($0.829).
XRP is trading at $0.7979 at press time.
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