What are the best cryptocurrencies that can regain their lost positions before other currencies?
The bulls took the lead in the morning. However, she could not hold out and all the top 10 coins are again in the red.
Bitcoin / US Dollar
Last Saturday, the POC line managed to sustain the Bitcoin (BTC) price from a deep decline and acted as a support level while the pair attempted to consolidate at the $47,745 level.
Only on Sunday evening the buyers decided to pull the price out of the narrow sideways range and test the $49,200 level. The October high was set at $49,225. The sellers responded to this with heavy pressure and quickly brought the pair back into a sideways range, to the $47,745 level.
Today, an attempt to test the psychological level at $50,000 may be repeated, but it is not clear how important the bears’ reaction will be. One considers that as a result, the price could fall back to the $46,000 support.
Bitcoin is trading at $47,592 at the time of writing.
ETH / USD
On Saturday, Ethereum (ETH) price continued to recover, and in the evening, the pair broke above the $3,400 resistance. On Sunday night, sellers capped price growth at $3,470. In the morning, they managed to push the pair below $3,400.
However, on Sunday, the bulls managed to extend their advance, and by the end of the week, they set the October high at $3,491. The volume of purchases decreased tonight, and the price is back below the $3,400 level.
On the daily time frame, the Stoch RSI lines have entered the overbought zone and a decline is expected soon. It is not yet clear if the buyers will have time to fight for the $3,500 level. But at the beginning of this week, the price could pull back to the $3,200 support level.
Ethereum is trading at $3,299 at press time.
XRP / US Dollar
Last Saturday, sellers were unable to test the $1 level, and by the end of the day, XRP price recovered to a new October high of $1,073. The monthly maximum was updated on Sunday to the $1,089 level, but it failed to test the $1.10 resistance.
The downward pressure increased tonight, and the pair is back below the $1,030 level. During the day, it is possible to return to the psychological level of one dollar. If the bearish pressure intensifies, the pair may breach the average price level and return to the $0.950 support.
XRP is trading at $1.02 at the time of writing.
