Ripple breaks the uptrend that had assumed an ascending parallel pattern.
Dogecoin price breakdown could extend to $0.16 following a descending triangle pattern confirmation.
The cryptocurrency market turned bearish as the week’s trading nears the tail end. Bitcoin price can barely hold above $33,000 as losses to $30,000 linger. Ethereum price failed to break above $2,400 and is currently seeking support at $2,200. Most crypto assets are in the red, posting single-digit losses.
Ripple:-
The international money transfer token closed in on $0.7 this week, but the barrier remained intact. In addition, the 50 Simple Moving Average (SMA) added credibility to the overhead pressure. Meanwhile, Ripple trades at $0.63 after losing support at the 100 SMA.
At the moment, support is expected $0.6 in a bid to avoid losses from extending to $0.5. The Relative Strength Index (RSI) adds credence to the bearish outlook based on its movement toward the oversold area.
The Moving Average Convergence D
Źródło: https://coingape.com/ripple-dogecoin-price-analysis-july-8-2021/
