Global crypto market cap fell 0.21% on the past day to $ 2.19 trillion. Well, the king coin has lost its value, while large altcoins have followed suit.
ether failed to climb above $ 4,000 despite another attempt to flip the supply zone. Dogecoin is trading at the support of $ 0.171 and MOONLIGHT is facing a price compression on the hourly chart.
Ethereum (ETH)
Source: TradingView, ETH / USDT
On the 4-hour chart, the price action is not cheap for the ETH bulls as it failed to break the $ 4000 supply zone.
the Fixed area volume configuration for the past two months shows a checkpoint at $ 4,320, much higher than the current price.
A descending wedge pattern was observed (white) while OBV has reached higher lows in the past few days. These are signs a bull might be keeping an eye on, but until ETH breaks the $ 4,000 mark in support, the market will only be cheap to sellers. According to the technical parameters, there should be a strong demand in the range of 3500 to 3640 US dollars (cyan box).
Dogecoin (DOGE)
Source: TradingView, DOGE / USDT
At the time of writing, DOGE is trading at $ 0.1718 which is its immediate support. The meme coin had a steady (but relatively low) trading volume. the 21 SMA failed 55 SMA. This shows the dominance of bears in the market. However, Great oscillator blinked mixed signals on his chart.
The $ 0.167, SMA 21, and $ 0.17 levels are places where an active trader could seek long positions, with depreciation below the $ 0.159 mark.
Terra (LUNA)
Source: TradingView, LUNA / USDT
On the hourly chart, the Fibonacci retracement levels act as support and resistance to the price. The trading volume decreased and the price appeared in a triangle compared to the previous day. the RSI also fluctuates around 50 indicating neutral momentum behind LUNA.
This marks the $ 62.5 and $ 65.4 levels as strong support and resistance levels. LUNA’s closure outside of both levels is likely to set the direction in the coming days.