Research

Bitcoin Cash is still fluctuating between $440 and $560 price levels. For the past two days, the price has been consolidating near the resistance zone. The price action is also characterized by small body candlesticks called Doji or Spinning tops which describe the indecision between buyers and sellers.

Litecoin price has rallied to $212 high after buyers succeeded in breaking the $200 resistance level. Today, LTC is still fluctuating below the recent high as price reaches the overbought region.

Ripple bulls have turned down after retesting the $0.48 resistance level. For the past three days, the bulls have been retesting the resistance level to break it. Consequently, XRP slumped to a low of $0.45.

Ethereum is falling and the current downtrend will extend to the low of $1,560 if the selling pressure persists. The recent downward move is caused by the bull’s inability to sustain the bullish momentum above the $1,800 support.

Ripple is range bound between $0.45 and $0.50 price levels. Today, the XRP price rises to $0.487 high but presently the price has fallen below $0.48 low. There is a tendency for an altcoin to further decline. In the previous price action on March 4, XRP rallied to a $0.487 high.

Today, buyers have retested the resistance zone twice and found penetration difficult. This bullish scenario has been ongoing after the February 23 breakdown.

On February 28, 20201, Binance coin (BNB) consolidated above the $200 support.

Yesterday, Ethereum bulls were retesting the $1,700 high to break above it. The upside momentum was weak as bulls failed to break above the recent high.

Uniswap is on an upward move. On February 20, the UNI rebounded above the $20 support as price rallied to $32 high. The price reached the overbought region of the market.