XRP comes out of its decline. But it was rejected at the resistance level of $ 0.3. Therefore, he could retrace his earnings further in the coming hours. The Basic Attention Token went out of its range. But it was rejected at $ 0.35, with the crypto slowly slipping through the charts. Finally, FTX Token is registering some bullish strength on the charts after breaking through the resistance level of $ 10.5.
XRP
It was not a long term bullish move. However, the price was strongly rejected on its attempt to climb beyond $ 0.3.
Meanwhile, subsequent trading saw XRP push even lower. Indeed, the crypto was holding a value of $ 0.28 at the time of writing – around 6.8% loss after rejection at the resistance level.
The MACD was projecting a strong bullish momentum. But the distance between MACD and the signal lines hinted at overbought market conditions.
Basic attention token [BAT]
Last week, the Basic Attention Token moved out of the $ 0.2 to $ 0.27 range. Over the past few days, BAT has been unable to maintain its upward momentum.
At the time of writing, theAwesome oscillator showed that bearish momentum was on the rise. However, as it had not crossed above zero, a formation of bullish twin peaks could still materialize.
Therefore, retesting the $ 0.27 level may offer trading opportunities, with long positions likely to be profitable.
FTX Token [FTT]
Using the Fixed range volume profile As of early January, the $ 9.66 level was highlighted as the checkpoint. This is a significant level of support, as evidenced by the multiple rebounds that the price has seen above this level.
At the time of writing, the FTT was valued at $ 11.14.
Well done, you’ve read this entire article!
To congratulate you we are going to offer you our free method of investing in cryptocurrencies simply and automatically with the objective of generating regular income while protecting your capital as much as possible.
To access your giveaway, click here and register: https://www.fructify.io/actucrypto.