Crypto Analyst Lost Lost revealed price action levels for XRP and Dogecoin. He mentioned the levels of resistance and support to keep an eye on these heavy strikers in the middle of this slowdown in the market.
Price action levels for XRP and Dogecoin
In a TradingView PostMindly Lost said that the beach between $ 2.20 and $ 2.24 is the resistance level for The XRP pricenoting that there is a low volume around this area. Meanwhile, he revealed that the beach between $ 1.92 and $ 1.95 is the main level of support for Altcoin, as there is a high volume in this area. The analyst told market participants to expect a certain consolidation through these levels.
Meanwhile, for Dogecoin, the Crypto analyst revealed the beach between $ 0.167 and $ 0.169 as major resistance level For the memes piece, noting that there is a small volume around this area. Meanwhile, the beach between $ 0.148 and $ 0.151 is the main level of support for DOGE, because there is a high volume around this area.
In addition to the loss of consciousness, other cryptographic analysts such as Casitrades highlighted the area at $ 2 as being important for the XRP price. In a recent post, Casitrades pointed out This XRP is still in difficulty in resistance of $ 2.17, but the lower supports are always valid.
The analyst revealed that there had been several unsuccessful attempts to break the resistance of $ 2.17. She added that this level continues to act as a strong ceiling and that if this rejection continues to take place, the support at $ 1.90 and $ 1.55 remains firmly in play, indicating that the Altcoin could still drop below $ 2.
The XRP and DOGE whales were occupied
XRP and Dogecoin whales were occupied in the middle of this market downward trend. In a post X, Martinez revealed that cryptocurrencies have sold more than 370 million XRP since the beginning of the month, presenting a lower perspective for Altcoin. On the other hand, Dogue whales actively accumulate.
The analyst revealed that these whales bought more than 800 million Dogecoin in the last 48 hours, presenting a bullish perspective for the first piece of memes. Traders Also bet on a bullish reversal for Doge, because Martinez revealed that 72.13% of traders on the exchange of crypto with open positions were currently long.
A bullish reversal for XRP and Dogecoin will largely depend on the action of the price of Bitcoin, the flagship crypto probably appearing lower for the moment. Meanwhile, Crypto Ali Martinez and Master Kenobi analysts stressed how important it is for the Dogecoin price to have the support of $ 0.14.
Martinez said that the most important meme piece could drop below $ 0.10 if she loses this level of support. Master Kenobi suggested that a drop below $ 0.14 support could mark the end of Bull Run de Dogecoin.
Istock star image, tradingView.com graphic
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