Certain altcoins either consolidated or considerably lost their value over the last 24 hours. XRP registered consolidation and appreciated 0.5% over the last 24 hours. Terra lost 4.1% and was nearing the immediate support level. Lastly, Filecoin plunged 10.7% amidst an extreme sell-off.
XRP mostly flashed consolidation over the last 24 hours, it rose minorly by 0.5%. The altcoin was trading at $0.944 and its immediate resistance stood at $0.948 and then over a dollar’s mark at $1.043. On the four-hour chart, the 20-SMA line was above the candlesticks which denoted that price momentum was inclined towards sellers.
The Relative Strength Index was below the half-line indicating that selling pressure was dominating the market. MACD flashed a green bar on the histogram after a series of red bars.
Chaikin Money Flow although remained above half-line as capital inflows were positive. In case of a decline in price, the altcoin can rest on $0.879 and $0.816 price levels.
Terra declined 4.1% over the last 24 hours and was trading at $35.85. The nearest support line for the coin rested at $32.89 and then at $29.01 and $25.32.
The Relative Strength Index was threatening to fall below the half-line. MACD flashed red bars on the histogram. Chaikin Money Flow was also about to fall below the midline as capital inflows were declining.
On the upside, Terra can expect resistance at $38.27 and $43.46.
Filecoin also declined by 10.7% over the last 24 hours and was trading at $55.55. The altcoin can fall further below and trade near the multi-month low of $46.55. Parameters displayed bearishness.
Relative Strength Index was below the oversold zone. MACD flashed a red bars on the histogram. Awesome Oscillator flashed red signal bars.
In case of reversal, prices can retest the $65.80 and then at a one-week high of $73.65.