Ethereum, Fantom, ApeCoin, and XRP have their 4hr RSIs indicating bullish inclination as the overall crypto market saw improved sentiments within the previous week. Nevertheless, bulls needed surged volumes to keep the prices beyond their crucial support levels.
Ethereum (ETH)
Ethereum lost the critical $3,200 mark after declining from November peaks, and bears flipped the area to resistance. The downside phase had Ethereum over half of its price following a drop towards 6-months lows on January 24.
The alt recovered as bulls defended the $2,300 barrier. The latest actions saw Ethereum rebounding from 2-month trend-line support, overpowering a downward channel. The alt displays bullishness at the moment as the 20EMA climbed past 50-200EMA.
Ethereum traded near $2,869 at this publication. The RSI secured support around the midline after reversing from the overbought level. Recovery here will see the indicator rising towards the ceiling at 58-zone.
Ripple (XRP)
XRP dipped to 6-month lows on January 22 after declining beneath the long-term POC (Point of Control). However, bulls emerged to protect the long-term support barrier around $0.62. That catalyzed a more than 33% upsurge, XRP flipping the EMA Ribbons to bullish.
Meanwhile, the remittance token secured a place beyond the POC as bulls dominated the space. For now, XRP’s closest resistance stands at $0.83 before potential pullbacks. Ripple changed hands around $0.8101 at this writing. The Chaikin Money Flow highlighted buying activity as t stayed beyond the zero line. Moreover, the latest actions unveiled a concealed bullish divergence with XRP price, confirming increasing cash flow into the token.
ApeCoin (APE)
Bored Ape Yacht Club caught the attention of many after declaring launching a new token, ApeCoin (APE), on March 17. The crypto saw remarkable upswings after launch. APE rallied towards $40 before retracing to the $10 – $15 zone. APE hovered near $10.96 at this publication, following a 4.79% 24hr loss. The token’s RIS highlighted bullishness as it swayed beyond the equilibrium.
Fantom (FTM)
Bulls could not initiate a trend-shifting move since Fantom reversed from $3.32. That had the alt losing about 70%, hitting 6-month lows on March 15. FTM kept the $1 level while printing lower highs until flipping $1.3 support to an immediate resistance. A decisive close beyond 20EMA might open the door to an upward break past the mentioned resistance.
FTM hovers around $1.2673 at this writing. The Relative Strength Index recovered from the 42-area. The indicator displays positive moves as bulls attempt to control short-term trends. However, the ADX highlighted a significantly weak directional bias for Fantom.
James Thompson