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These coins are performing relatively well despite the bear market

The overall crypto market is now reporting a major decline. Many analysts see a combination of factors at play including rising Fears of recession, tightening monetary policy, and run-away inflation. The downtrend will also continue for a few more weeks before we see some trend reversal. Here are some of the main bear market facts in crypto.

  • Bitcoin and Ethereum, two of the biggest coins, have all reported over 35% declines in 7 days.

  • Overall market cap in crypto has fallen below $1 trillion.

  • BTC also dropped below $20,000 for the first time since 2020.

So, with all this doom and gloom, it can be hard to find coins that are actually performing. No worries because the ones below are doing quite well:

UNUS SED LEO (LEO)

The LEO token has somewhat defied the odds. The coin has seen major gains over the past weeks in fact, it’s only 40% down from its all-time highs. 

Data Source: TradingView 

Compare this to other coins that are so far 80 – 90% lower from their ATHs. Also, LEO saw a gain of 16% over the past 24 hours. The coin has by far outperformed all major coins and could maintain this trajectory over the next week or so.

Flex (FLEX)

With a market cap of around $360 million, Flex is not one of the largest crypto assets out there. But the coin has done quite well over the last week. The coin is typically used to pay for fees on the Coinflex exchange. As of now, FLEX is around 35% from its ATH. It has also seen a modest 2% gain over the past 24 hours as most coins see red.

KuCoin (KCS)

KCS is another exchange token that has also seen some decent uptrend. Although KCS is around 60% from its all-time high, it has still outperformed the market modestly. Nonetheless, KCS saw a drop of 10% over the last 24 hours or so.

The post These coins are performing relatively well despite the bear market appeared first on CoinJournal.

Ripple Price Analysis: After Losing 15% Weekly, Did XRP Finally Find a Bottom?

XRP bulls had failed to push the price above $0.4 over the past few days and are now trying to form a higher low to preserve the last chances for a bullish structure. However, the market is still under bears control. Technical Analysis Technical Analysis By Grizzly The Daily Chart On the daily timeframe, Ripple::Listen

XRP bulls had failed to push the price above $0.4 over the past few days and are now trying to form a higher low to preserve the last chances for a bullish structure. However, the market is still under bears control.

Technical Analysis

Technical Analysis By Grizzly

The Daily Chart

On the daily timeframe, Ripple has lost 15% of its value in the past seven days, as the bears were able to push the price down to $0.30.

The intersection of the two descending trendlines (in yellow) as support and long-term horizontal support (in green) lies at $0.24. This area can be considered a potential demand zone.

Given that most of the indicators are in the oversold zone, it is expected that if the price reaches this zone, it will initiate a short-term relief correction.

However, due to macroeconomic events, Ripple will probably experience many fluctuations in the range between $0.3 and $0.24.

Key Support Levels: $0.30 & $0.24

Key Resistance Levels: $0.38 & $0.45

Moving Averages:
MA20: $0.33
MA50: $0.37
MA100: $0.54
MA200: $0.65

The XRP/BTC Chart

The situation in the BTC pair chart is a bit different.

The bulls were able to increase the price of Ripple against Bitcoin by 50%. This relief rally encountered horizontal resistance at 1800 SATs. Currently, the price has entered a corrective phase. If the buyers can defend the horizontal support at 1500 SATs (in green) and form a higher low, we can expect this price rally of XRP/BTC to continue higher.

Key Support Levels: 1500 Sats & 1250 SATs

Key Resistance Levels: 1700 Sats & 1800 SATs

These coins are performing relatively well despite the bear market

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