Altcoins Recover At The Bottom Of The Chart

Tech

Altcoins Recover At The Bottom Of The Chart

The best-performing altcoins are moving from the bottom to the top of the chart.

The recovery of cryptocurrencies has been hindered by the barriers of moving average lines. Since HBAR and CRO have risen but are between the moving average lines, the price is moving in a range.

Cardano

Cardano (ADA) is in a sideways trend, although it has fallen below the moving average lines. ADA fell to $0.84 and hovered above the 50-day SMA. A further decline to the lows of $0.65 and $0.55 will be signaled by a break below the moving average lines. Cardano will rise and regain the high at $1.20.

Meanwhile, the bears are trying to break below the 50-day SMA. The coin that is performing the best is ADA.

The current price: $0.8226

Market capitalization: $28,976,952,539.3

Trading volume: $3,427,847,475.95

7-day gain: 42.38%

The current price: $379.26

Market Capitalization: $7,524,414,661.52

Trading Volume: $569,245,506.77

7–day Gain: 35.63%

The current price: $0.2332

Market capitalization: $9,849,132,879.89

Trading volume: $737,297,588.75

7-day gain: 29.95%

XRP

XRP (XRP) has fallen below the moving average lines, although it is still in a sideways trend. Since the price dip on February 3, XRP has been moving between the support at $2.00 and below the high at $3.00.The altcoin is bearish in the lower price area. The selling pressure will end above the $2.00 support. The altcoin will rise once it stays above the $2.00 support. XRP will drop to as low as $1.76 if it falls below the $2.00 support.

The current price: $2.34

Market Capitalization: $136,250,930,265.87

Trading Volume: $7,852,360,253.85

7–day Gain: 21.84%

Cronos

The price of Cronos (CRO) has fallen sharply to the lower part of the chart. The cryptocurrency dropped as low as $0.068 before rebounding. The 50-day SMA stopped the price of the cryptocurrency when it broke above the moving average lines. CRO is located between the moving average lines at the bottom of the chart. The cryptocurrency will rise above the 50-day SMA once again. It will rise to the next resistance at $0.14. The market has entered oversold territory, which is a disadvantage.

Of all cryptocurrencies, CRO is in fifth place.

The current price: $0.08252

Market Capitalization: $2,192,937,138.26

Trading Volume: $55,226,703.24

7–day Gain: 20.76%