Market leaders corrections in Bitcoin and Ethereum turned the market into a red sea, while altcoins struggled to produce healthy numbers. This is also the case with the CRO and DCR. All of these have flashed the bearish signals, and as they are writing, they are making their way to emergency support signs.

 

Crypto.com Coin (CRO) price analysis

Crypto.com Coin has lost to the 38.2% Fibonacci retracement level after dropping nearly 8% in the past 24 hours. The RSI showed a bullish weakness in the market after moving down and settling into the 40 mark. Interestingly, the Awesome Oscillator predicted the most recent losses after creating a bearish twin peak setup and dropping below the halfway point. If the CRO is going to bear an upward trend, it will need to reverse the direction.

In the short term, it is expected to contain losses and the bulls could step up to the 23.6% Fibonacci level located at the $ 0.16 mark.

Decred (DCR) price analysis

While Decred is also traded in the red zone, the price is still within the boundaries of its rising channel. Therefore, the overall position of the market is still good, given its uptrend and weekly gains of about 13%. On the downside, a move below the lower trend line could pose problems for the bulls in the short term, and DCR is likely to see $ 155.83 towards the next line of defense.

Low trading volumes worked against a breakout forecast, but the MACD largely supported the sell side at the time of writing. As the stochastic RSI touches the oversold zone, prices are not expected to reverse until the uptrend occurs.

Previous article34 million dollar bitcoin is on sale at auction!
Next articleThis NFT auction generated $ 1.8 million in sales

LEAVE A REPLY

Please enter your comment!
Please enter your name here