Bitcoin (BTC) is trading in a zone between US$31,300 and US$40,550.
Ethereum (ETH) has completed a main diagonal pattern. XRP (XRP) and Augur (REP) have broken their downtrend lines.
Monero (XMR) is trading within a bearish triangle. Cocos-BCX (COCOS) is in the process of breaking its downtrendline. Meanwhile, Solana (SOL) is trading within a symmetrical triangle.
The BTC has been trading in a zone between $31,300 and $40,550 since May 19th.
The cryptocurrency has been moving downwards since June 12th. On June 14, the asset managed to reach a low of $31,663, getting very close to price support.
The ongoing decline has caused technical indicators to turn bearish. The MACD gave a reversal signal and the stochastic oscillator made a negative cross (red icon). Also, the RSI is below 50.
However, the BTC is being priced at a confluence of near-term support levels, as the currency could return to bullish momentum in the near-term.
ETH has been in a downtrend since July 7, after hitting a high of $2,361. The move caused the asset to break a bull wedge.
So far, ETH has hit a low of $1,865. The bearish was made very close to the support level of the 0.786 Fibonacci retracement at $1,850.
Indicators do not yet show any clear signs of bullish reversal, although the RSI is in oversold territory, indicating that the selling strength may diminish.
The high looks like a completed front diagonal. Therefore, it is possible that ETH will soon move towards the USD 2,880 resistance area.
On July 1st, XRP started to fall along a downtrendline. After four unsuccessful attempts, the currency finally managed to break this resistance on July 4th.
After the break, the token returned to the line and validated it as new support (green icon).
Although it has not yet started a significant bullish move, there is bullish divergence on the RSI.
The closest resistance level would be found at $0.80-$0.87. These values are the 0.5-0.618 Fibonacci retracement levels.
XMR has been following a downtrend line since May 18th. So far, she has played the line four times, most recently on July 6th.
The main support area is found at USD 190. The currency rose again after hitting that support on June 26 (green icon), having made new tops since then.
However, when combined with the trendline, this support forms a bearish triangle. This formation is often considered a bearish pattern.
Technical indicators are neutral. The MACD is at the 0 line, while the RSI is moving above and below the 50 line.
Whether XMR closes below this area or breaks above the resistance line will likely determine the direction of the longer-term trend.
The REP had been following a downtrend line since May 20th. It managed to break this resistance on July 6th, validating the line as support two days later (green icon).
This Wednesday (14), it started a significant upward movement, valuing 32% so far.
Technical indicators are bullish and support the continuation of the current move. This is especially evident as the RSI is above 50.
The main area of resistance is found at $26.34. This is the resistance level of the 0.382 Fibonacci retracement.
COCOS has been moving below a downtrend line since March 11, after hitting a high of $1.87. The currency hit a low of $0.285 on May 23rd. The asset has been in an uptrend since then, creating a higher bottom on June 22nd.
It is currently making an attempt to break this trendline. Technical indicators are bullish, supporting the possibility that COCOS will succeed in this move.
The next resistance level is found at USD 0.89 (the resistance area of the 0.382 Fibonacci retracement).
SOL has been trading within a symmetrical triangle since May 18th. So far, support and resistance lines have been validated several times. More recently, the cryptocurrency rose again after hitting support on Wednesday.
Technical indicators are neutral. The triangle was formed after an upside move, so a break of that resistance would be most likely. If that happens, the closest resistance would be found at $45.20. This is the Fibonacci 0.618 retracement area.