The most favorite crypto coin, Bitcoin, is trying hard to take out stiff resistance just above $11,800, in order to test the $12K mark. Ethereum is the main laggard among the top three cryptocurrencies on Sunday. Ripple breaches $0.2900 after rejection just below the $0.30 barrier. The total market capitalization of the top 20 cryptocurrencies now stands at $356.41 billion, as cited by CoinMarketCap.<\/p>\n
The top 3 most favorite digital assets remain on the back while heading into a fresh week, with FXStreets Confluence Detector tool indicating how they are positioned technically.<\/p>\n<\/p>\n
Bitcoincontinues to keep its range play intact below the critical barrier at $11,817, the confluence of Fib 38.2% 1D, Bollinger Band 4H Middle and SMA5 4H.<\/p>\n
The bulls will face an uphill task despite the break above the latter, as a bunch of minor resistance levels are placed around $12,000, where the previous week high and Pivot Point 1D R2 coincide.<\/p>\n
Alternatively, minor support around $11,590 caps immediate downside. That level is the intersection of the Fibonacci 61.8% 1W, Bollinger Band 4H Lower and Previous Day Low.<\/p>\n
A failure to resist above the aforesaid support, the selling pressure will likely accelerate towards the next cushion aligned at $11,470, the convergence of the Pivot Point 1D S2 and the previous month high. <\/p>\n
According to Ethereums near-term technical view, the bearish bias remains intact while the spot trades below the critical resistance at $392, which the intersection of the Pivot Point 1M R1 and Fib 38.2% 1D.<\/p>\n
The next upside target is located at $396.75, the confluence of the Fib 23.6% 1D, SMA5 4H and Bollinger Band 1H Middle. <\/p>\n
To the downside, a cluster of resistances is stacked up near $388\/386, which is the convergence of the Fibonacci 61.8% 1D, Bollinger Band 1H Lower and SMA200 1H.<\/p>\n
Rippleextends the break below $0.2900 this Sunday, with the immediate support seen at the Pivot Point 1D S2 at $0.2876.<\/p>\n
Amid a lack of healthy support levels below the latter, the sellers will then aim for $0.2785, the Fib 61.8% 1W.<\/p>\n
Any recoveries will likely face stiff resistance at $0.2907, the convergence of the Pivot Point 1M R1 and Bollinger Band 15-minutes Lower.<\/p>\n
A break above the last will call for a test of $0.2950. Further north, the 0.2983 will be on the buyers radar. At the level, the Fib 38.2% on 1D and 1W coincide. <\/p>\n
See all thecryptocurrency technical levels.<\/p>\n<\/p>\n
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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto bears dominate, Ripple breaches $0.2900 - FXStreet<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The most favorite crypto coin, Bitcoin, is trying hard to take out stiff resistance just above $11,800, in order to test the $12K mark. Ethereum is the main laggard among the top three cryptocurrencies on Sunday. Ripple breaches $0.2900 after rejection just below the $0.30 barrier Continue reading