- The price of bitcoin is falling, and most of the top ten cryptocurrencies are experiencing a market decline.
- Solana (SOL) keeps its price rise of 0.30 percent.
Despite the market’s mild bearishness, Bitcoin (BTC) and the bulk of the top ten cryptos fell overnight. Surprisingly, Solana (SOL) was able to stay afloat with only a 0.30 percent price rise.
Solana’s outstanding performance appears to have increased its visibility marginally, as even the most ardent crypto bulls could not overcome the market’s negative pressure. It’s worth noting that if traders continue to acquire more SOL, the price may be poised to develop a strong positive momentum.
However, Bitcoin’s price reversed to its previous low of $47,745 before finding resistance and establishing a new foothold. Traders could sustain a faint positive momentum, but it faded within the two-hour Exponential Moving Average (EMA55). On CoinMarketCap, the BTC price is $48,792.47 at the time of publication.
In addition, the price of Ethereum (ETH) battled to break beyond $3,800 before resuming its typical $4k range. In an attempt to get a footing above the $0.80 resistance level, the price of XRP has suffered. However, it was able to break past the two-hour EMA55, signaling the start of a fresh rising trend.
According to the research, XRP has a good chance of breaking through the $0.90 price barrier provided purchasers stay persistent in their purchases. XRP, on the other hand, might extend its monthly slump if traders fail to acquire more in the next few days.