Coinidol

On November 5, XRP rebounded as price rallied above the SMAs. This rally resulted in a continuous retest of the $0.26 overhead resistance. On November 7, the bulls retested and broke the overhead resistance as the price reached a high of $0.267.

Ethereum rallies reached its peak at a high of $467. At the $470 resistance zone, buyers could not sustain the uptrend. Consequently, Ether dropped to a $430 low.

Today, Binance Coin is trading at $27.72 at the time of writing. Buyers have failed to push BNB above the $32 overhead resistance since September 13.

Litecoin bulls are sustaining the recent rallies as the price fluctuates below the $60 resistance. In the previous uptrend, buyers failed to push LTC above the $60 resistance.

Since September 3, Ripple has been compelled to a range-bound movement because of the absence of buyers at higher price levels.

Italy is known for favouring innovative technologies such as blockchain. Now, the country is trying to implement the tech in its banking sector. The Italian Banking Association announced that 100 of the country's banks have applied the Spunta solution for the banking sector.

In the last 48 hours, BTC rebounded to break the $11,500 resistance and to reach the $11,609 high. The price has retraced to the support above $11,400 for a possible upward move.

The recent rally to $0.26 high has been invalidated has buyers failed to sustain the current uptrend. Sellers were overwhelming as the price was pushed to the $0.24 low.

Ethereum (ETH) price analysis. October 8, 2020. Ether is on a downward move because the biggest altcoin fails to rebound above the $350 support.