Ethereum, Dogecoin, XRP Price Analysis: April 22nd

The altcoin market seeks stability, but few markets have low volatility. The first altcoin, Ethereum [ETH] has recovered from the fall weekend and has risen higher with low volatility, but Dogecoin [DOGE] and the XRP markets saw a surge in volatility that could be bearish.

ether [ETH]

Source: ETHUSD on TradingView

The Ethereum chart above shows that the price rebounded after hitting the support at USD 2.0039. At the time of writing, ETH was trading at $ 2,447 despite mounting pressure to sell.

The convergence of the Bollinger Bands was an indication of the low volatility of the market. The signal line was currently supporting the falling price and was still seeing a fairly bullish outlook. The rebounding price has also given way to buying pressure, but as the relative strength index indicated, the current sell-off pushed ETH down towards the equilibrium zone.

The momentum appeared to be high, indicating a battle between buyers and dealers at the current price level.

Dogecoin [DOGE]

Source: DOGEUSD on TradingView

The Dogecoin market has been in decline since the April 20th slump. The price held the $ 0.2962 support for a long time but has recently been pushed below the price level.

At the time of writing, DOGE was trading in a declining market at a price of $ 0.2680.

This bear market was confirmed by various indicators. Bollinger bands diverged for more volatility as the signal line moved higher above the candlesticks. The relative strength index has fallen into the oversold zone, suggesting that traders have sold their DOGE.

The MACD line has crossed the signal line, indicating the growing bear market in the DOGE market.


Source: XRPUSD on TradingView

The XRP market has hovered at the $ 1.34 price level. Having oscillated at this point, XRP has currently moved below this level, nearing the immediate support at $ 1.26. As volatility rises, selling pressures could push XRP below its immediate support.

In the meantime, the relative strength index was approaching the oversold zone and was able to enter the oversold zone shortly as the sell-off increased. The growing sell-off has caused the money to leave the market. Since the price drop over the weekend, Chaikin Money Flow has indicated that the money has flown out of the market.

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