XRP, Polkadot, Near Price Analysis: 15 March
With Bitcoin struggling to find a close above the $40,000-mark, the near-term technicals of XRP, Polkadot, and NEAR demonstrated a bearish preference. Although NEAR showed improvement signs, a close below its 20 EMA could trigger a hidden bearish divergence on its 4-hour chart.
XRP
Source: TradingView, XRP/USDT
Since falling below its long-term Point of Control (red) at the $0.77-mark, XRP swiftly fell to touch its six-month low on 22 January. Post that, the bulls stepped in to defend the 10-month $0.56-support.
Consequently, with a 67.4% revival since, XRP flipped the EMA ribbons toward the bullish side. Since then, the alt gradually declined as it witnessed a trendline resistance (now support) (white, dashed) on its 4-hour chart.
Over the last few days, XRP saw an up-channel (white) that helped the alt find a close above its 200 EMA (green). Now, the immediate resistance stood near the POC while the trendline support offered strong support.
At press time, XRP traded at $0.7578. After testing the midline multiple times over the last day, the RSI stood weak at the 46-mark. It marked a descending triangle and revealed a bearish edge. Furthermore, the southbound CMF took a steep plunge over the past day while reaffirming the increased bearish influence.
Polkadot (DOT)
Source: TradingView, DOT/USDT
Sinceits ATH last year, DOT bears have refrained the bulls from taking on the driver’s seat. The alt was down by over 74% (from 4 November) as it plunged towards its seven-month low on 24 February.
The recent bullish rally marked an up-channel while the alt strived to cross the 20 EMA (red). Over the last few days, the alt snapped its four-month trendline resistance and flipped it to support. With the bears still refraining from giving
Read more on ambcrypto.com
