Even though the entire crypto news section is flooded by news about downward trends in the market, the negative sentiment is not seen in every altcoin out there. Despite the downside movement in the bitcoin price below the $3,440 support level, other major altcoins experience upward movements. Let’s take a look.
Ethereum did struggle to recover above the $95 resistance levels and it declined even further below the $90 level. However, the buyers got interested in Ethereum when it reached a price at about $87 and the price is since consolidating. The price might rise towards the $95 level after the consolidation process since now it is standing at $92.
Bitcoin Cash also failed to maintain its price above $100 and it declined by 3 percent. It is now trading at $99. BCHSV also declined below the $90 support level before buyers came in after the altcoin reached $85. It is now recovering and it is expected to face sellers near $100 support level.
Ripple quickly recovered after dipping below $0.300 and the XRP/USD pair is currently up by 0.5% and it is expected to rise up to $0.320.
Other smaller altcoins increased by 10 percent including XTZ, REP and DEX.
Bitcoin didn’t go below the $3,400 support levels and it is now trading at $3,526. The BTC/USD pair broke the $3,400 support level and the price later corrected by a few points. There is a chance of a smaller recovery but if more losses occur, the price might start trading at another low of $3,225.
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