A significant part of the altcoins rose, taking advantage of the stable appearance of Bitcoin (BTC). XRP, Polkadot and MEANING altcoins such as should be closely monitored during this process. XRP nearing two-month highs, Polkadot (DOT) reached ATH point on November 4. Decentraland (MANA), on the other hand, has had its share of the increasing metaverse frenzy.
Until October 31 XRP he attracted their attention with decreasing peaks. The price reached a 4-week low on October 27. Ripple (XRP) the bulls see November as an opportunity and are striving to protect critical areas. At this point, it is possible to say that they have achieved success, which broke the top trend line on November 4 XRP, which saw a two-month high of.
The 1.22 dollar zone located above has become a strong resistance. On the four-hour chart RSI in the neutral zone, the MACD and Momentum are sending bearish signals. Although medium-term moving averages maintain their bullish hopes due to the current price, the loss of the 1.09 dollar region may trigger bigger problems.
After a continuous bullish rally of about three months DOT, which brought earnings of over 150%. September November 4, the price increased by 90% since the beginning of ATH it has reached its point. However, short-term technical indicators and declining trading volumes indicated a noticeable decrease in purchasing momentum. As a result, the DOT traded near the resistance level at $ 52.26 after recording a decline of about 0.60% in 24 hours.
RSI, headed down after falling from the top of the overbought zone to the halfway line on the final day. In addition, the MACD Histogram and the October Oscillator (AO) are sending bearish signals. The weakening of purchasing interest may trigger short-term pullbacks. However, it should be noted that the auctions that will start in December are likely to support the price again.
Ethereum-powered Decentraland, Which made serious ascents beginning on October 28. After the rebranding of Facebook as Meta, MANA’s price increased by over 520% and reached its ATH at the level of $ 4.9 on October 31. Of course, the purchasing momentum will not last forever. The weakening of this also strengthens the sales pressure.
Near-term technical indicators indicate a declining purchasing power. As a result, MEANING it traded at $2.5401 after recording a loss of 9.3% in 24 hours. RSI it has weakened, and the histogram continues to send a bearish signal. Current support zones can be followed for short-term opportunities.