As Bitcoin recorded a three-day rise of 7.19% at the time of the press, Altcoin such as Tron and Litecoin made similar profits, reversing 20-SMA as an immediate support level. Kingcoin will need a rally backed by uninterrupted volume to reverse current sentiment and at the same time reverse the trajectory of the entire market.
Conversely, Terra began price discovery and hit ATH on December 22nd.
Earth (MOON)
TradingView, LUNA / USDT
LUNA witnessed a major rise after the down channel breakout on December 14. Since then, alt has risen aggressively between the two parallel channels heading north and has shown no signs of correction during the press. By reaching ATH on 22nd December, we saw a ROI of over 89.05% (from the lows of 14th December).
20-SMA (red) stood as an excellent support for alt during a turnaround. Over the past day, bears have tested the $ 83.6 level, but the Bulls have found support at the 23.6% Fibonacci mark. Meanwhile, it has become the ninth largest cryptocurrency by market capitalization.
At the time of the press, LUNA was trading at $ 90.34. The RSI From December 18th to 22nd, it shook in an overbought area. Even after being depressed, there were no signs of loosening. also, OBV Confirmed purchasing power. However, the volume oscillator moved sideways instead of rising during the recent rally.
TRON (TRX)
TradingView, TRX / USDT
TRX witnessed the collapse of a symmetric triangle on December 17, while feelings of fear soared. This fall news Justin Sun has resigned from his position at the Tron Foundation.
Over the past week, alt has decreased by more than 9% as TRX marked the down channel (yellow). Altcoin has lost the significant $ 0.078 level that the Bulls have been supporting for over four months. However, the Bulls were soon able to regain the above levels of support.
It’s not a surprise to see Super trend It is in the red zone and the sell signal is blinking. At the time of press, TRX traded at $ 0.07941. The RSI I constantly found resistance on the midline and struggled to overcome it. The OBV It shook around the low price of the 7 weeks and reconfirmed the decrease in buying pressure.
Litecoin (LTC)
TradingView, LTC / USDT
After a breakdown of the expected bearish flag, price behavior found a range of fluctuations between $ 143 and $ 156-Mark. For the past 18 days, LTC has formed a downward triangle by marking low highs while maintaining support at $ 143.5.
However, after a three-day jump of almost 7%, it nullified the bearish tendency and reversed 20-50SMA as an immediate test support level.
At the time of press, LTC traded at $ 156.6. The RSI It has been maintained beyond the median for the past day. also, DMI The line shows a slight bullish preference, but the directional tendency is weak. The Squeeze the momentum Continued to suggest a squeeze phase with low short-term volatility.
