Have the main coins dropped enough for a market reversal? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin Dave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX BinanceResearch
Initially, a weak recovery is possible, after which the fall can continue to the area of the January low of $2,160.Yesterday morning, buyers tried to test the two-hour EMA55, but in the afternoon, sellers seized the initiative and pushed the price of XRP below the $0.70 level. Tonight, the rapid decline stopped at the point of $0.622.
In the morning, the price bounced back to the $0.65 mark. This may complete the recovery. During the day, the price can continue to decline to the POC line .On the daily chart, Binance Coin has bounced off the support level at $336, which means that buyers still have a chance at short-term growth. At the moment, one needs to pay close attention to where the daily candle closes. If the pressure continues and the selling volume increases, one may expect a breakout shortly.
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