- Jito faces a 200 -day EMA rejection after reaching a rise of 15% on Sunday.
- Bitcoin Cash approaches an escape from an increasing corner, while a downward divergence of RSI indicates a potential risk.
- Solana bounced 5.76% compared to the cushion of $ 140 on Sunday teasing with a double -bottom reversal.
The wider market of cryptocurrencies ended the previous week with a minor recovery on Sunday. Holding the earnings of the day before, Jito (JTO), Bitcoin Cash (BCH) and Solana (soil) are the best performers in the past 24 hours. Despite a minor withdrawal on Monday, JTO, BCH and Sol are about to break the critical levels, potentially extending gains this week.
Breakout Ema de Jito Eyes Eys
The JTO fluctuates near the dynamic resistance of the 200 -day exponential mobile average (EMA) at $ 2.245, as we saw previously on Wednesday. At the time of writing the editorial staff, Jito is negotiated at $ 2,242, took a break after putting on the scale of 15% on Sunday and created an halted swallowing candle.
A potential closure above the 200-day EMA could extend the trend to $ 2,425, tested for the last time on March 25.
The relative resistance index (RSI) at 60 jumps of the level halfway on the daily graph, indicating an increase in the bullish momentum. However, the peak is lower than last week, while JTO is negotiated at a similar price level, signaling a downward divergence and increasing the risk of bullish failure.
Daily price load JTO / USDT.
A drop in Jito’s closure below the EMA dynamic support from 50 days to $ 1,940, which was formed last week, could lead to a stronger correction at $ 1.557.
Bitcoin Cash Eyes Trendline Breakout despite the Diverge RSI
Bitcoin Cash does not show any significant price movement at the time of the press on Monday because it slows down after an increase of 6.85% the day before. BCH approaches a line of trend of resistance to the increase in keys formed by peaks on May 10 and 22.
The resumption of Sunday also exceeds the level of 50% of fibonacci at $ 444, traced from the December summit at $ 640 at the lowest in April at $ 249. Investors who bought BCH between $ 444 and $ 249 could find the level of fibonacci from 61.8% to $ 490 as a potential profit space, increasing the chances of escape Trendline.
The RSI line at 63 shows a downward trend compared to the peaks of increasing BCH, indicating a downward divergence. This warns against withdrawing the 50%Fibonacci level.
BCH / USDT TALLE Daily prices.
However, closing less than $ 444 could complicate the chances of Haussier recovery and risk a ferthest of the fence on Saturday at $ 430, canceling the weekend rally.
The double -bottomed inversion faces a strong opposition
Solana is negotiating in the green of more than 2% at the time of the press on Sunday, extending the gains of 5.76% of Sunday. With two consecutive optimistic candles, Sol has more than $ 140 and reversed the decline in the previous week.
The price action portrays a double -bottom reversal of the $ 140 support zone, with a neckline at $ 168 last week. Above, a line of critical resistance trend formed by peaks on January 18, May 14, May 23, May 27, And June 11 is a key obstacle in the recovery of Solana.
A potential fence greater than $ 168 could help investors avoid the bull traps present nearby resistances. In such a scenario, the rally in small groups could test the supply area of $ 180.
The RSI line at 49 shows an overthrow of the area almost occurring in the daily graph, indicating an increase in the bullish momentum. An increase above halfway with space to reach the Surachat area could point out upward potential.
SOL / USDT DAILY PRICE THAT.
If Solana fails to exceed the resistance trend line, a Solana reversal could risk losing the $ 140 area. A drop in the fall in the fence price of less than $ 140 could extend the correction to $ 105, the closing price at the beginning of the lowest year.
