The altcoin market posted exceptional positive factors previously week, however many hit resistance ranges on their very own charts as Bitcoin additionally stalled in a resistance zone. A pullback earlier than one other leg upwards appeared doubtless for Avalanche, whereas XRP continued to be in an uptrend.
XRP
Supply: XRP/USDT on TradingView
Up to now few days, XRP has registered a collection of upper lows on the charts to recommend an uptrend on the decrease timeframes. Furthermore, the worth managed to climb previous a long-term channel’s mid-point (dotted white) to point that additional upside might be seen within the weeks to return.
The $0.849 resistance degree represents the highs of the month of March- and XRP did climb previous these highs. Regardless that it was unable to carry on to the extent, it was nonetheless a bullish growth. The Superior Oscillator was beneath the zero line in response to the promoting of the day past. The OBV has been climbing steadily (greater lows) and highlighted the presence of shopping for quantity.
Avalanche (AVAX)
Supply: AVAX/USDT on TradingView
Following the breakout from the bullish flag, AVAX climbed from $80 to $91. Nonetheless, previously week, the worth has discovered the $91.6 degree to be an obstinate resistance degree. Up to now few days, the worth has descended beneath the $85.2 degree as properly and might be headed towards the $81 space to check it for demand.
The RSI slipped beneath impartial 50 and gave the impression to be on the verge of retesting it as resistance earlier than dropping as soon as extra, which might present a short-term downtrend in progress. The Chaikin Cash Movement additionally dipped beneath +0.05.
Polkadot (DOT)
Supply: DOT/USDT on TradingView
In late February, Polkadot noticed a pointy bounce from $14.05 to $19.56. Based mostly on this transfer, a set of Fibonacci retracement ranges (yellow) have been drawn. On the time of writing, the worth had been rejected from the 27.2% extension degree at $21. The $21-$21.3 space was nonetheless in bearish fingers, however this might change, and DOT may push greater towards the following extension degree (61.8%) at $23.
Regardless that the MACD was under the zero line, it fashioned a bullish crossover and will see $21 retested as resistance as soon as extra. The CVD additionally appeared to flip from promoting to purchasing stress.
