Most of the major altcoins traded in the red today after some good trading days earlier this month. Companies like XRP, Terra and Avalanche also showed devaluation in their charts. XRP had just fallen through its $ 1.04 support level, Terra also corrected slightly after hitting its all-time high today. Finally, Avalanche’s sizeable 6.8% decline came after Avalanche saw a sell-off in the past 24 hours.
XRP consolidated negatively on its charts, losing nearly 1.09% in the past 24 hours. The altcoin was priced at $ 1.02. It broke below the $ 1.04 floor and with continued losses, the altcoin could potentially hit its $ 0.94 floor again.
The additional price floor was at $ 0.87, which XRP last touched a week ago. On the four-hour chart, the price of XRP fell just below the 20 SMA line which indicated that price momentum was among the sellers.
the Great oscillator red signal bars are also displayed. MACD experienced a bearish crossover and noticed red red bars on his histogram. On the Relative Strength Index, the buying pressure decreased, although the indicator was still in the bullish territory.
If buying pressure moves north, it could push the altcoin to trade at its immediate resistance level of $ 1.14 and then to $ 1.18.
Terra was priced at $ 46.14 and the price of the coin fell 1.9% in the past 24 hours. The altcoin secured its all-time high despite showing a slight devaluation. The psychological price resistance for Terra could be $ 50 if it does not fall.
The price of the altcoin was above the four-hour mark 20 SMA line suggesting that price momentum is favoring buyers. All other technical indicators also pointed to a positive price development on the market.
Terra was overbought, but she was Relative Strength Index had just failed and was close to the 70s mark. the MACD had shown green bars in his histograms. Great oscillator in addition, a green signal bar flashed.
A corrective decline is unavoidable, with Terra trading near its support level of $ 45.38 and at $ 43.46. Further price floors were waiting for Terra at 38.27 US dollars and 32.89 US dollars, respectively.
Avalanche was priced at $ 66.41 after falling 6.8% on the previous day. The altcoin has seen a sell-off in the past 24 hours, causing it to trade near its support level of $ 64.80.
The additional floor price was at $ 55.40, which the altcoin last traded two weeks ago, and fell below which AVAX could be at $ 48.26. The main technical outlook indicated declining price action.
the Relative Strength Index fell below the 50 mark and was in the bearish range. the Great oscillator red signal bars are also shown. Bollinger bands stayed parallel, suggesting lower chances of price volatility during the immediate trading sessions.
On the reverse, the resistance level for AVAX was $ 73.83 and $ 79.18, respectively.