Top-5 Crypto Performers: XLM, MIOTA, ETH,TRX, XRP
Rakesh Upadhyay's original article for cointelegraph.com reduced by 49%
A sharp rally this week propelled the price back above the previous support-turned-resistance of $0.072545. If the bulls can scale the price above the moving averages, a rally to $0.385033 is possible. Contrary to our assumption, if the bulls fail to push the price above the moving averages, the bears will again try to break below the support zone.
If the bulls fail to push the price above $235.70, the pair might remain range-bound for a few weeks. A breakout of the moving averages can propel the price to the top of the range at $0.0409111 in the medium-term. This has not affected its price as it still managed to find a place among the top-five performers in the past seven days.
During the week, the bulls pushed the price above the support turned resistance of $0.27795 but hit a wall close to the 20-week EMA. If the bulls can keep the price above $0.27795, we expect another attempt to breakout of the moving averages.
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CN [too long; didn’t read]
Summarised crypto news.