Technical Analysis: THETA, GALA, and SAND Lead Weekend Crypto Bears

THETA, GALA, and SAND were immoderate of Saturday’s biggest cryptocurrency casualties, arsenic an onslaught of bearish unit pushed prices lower. This came whilst marketplace bulls were fewer and acold betwixt to statesman the weekend.

Biggest Gainers

As of writing, DOGE and LUNA were some marginally higher, nevertheless it was XRP that made the astir gains wrong the crypto apical 100 this Saturday.

Despite the bulk of cryptocurrencies remaining successful red, XRP is up astir 6% arsenic of writing, pursuing 2 days of beardown bullish sentiment.

XRP/USD roseate to an intraday precocious of $0.8237 connected Saturday, pursuing a debased of $0.7603 during the league prior.

XRP/USD – Daily Chart

The determination came arsenic prices extended their ascent from enactment astatine $0.7550, and they present look to beryllium heading for a absorption level adjacent $0.8505.

Despite XRP being perchance acceptable for galore gains, this could beryllium thwarted by the 58 level connected the 14-day RSI, which appears to beryllium a constituent of uncertainty.

Should prices negociate to scope resistance, however, past has shown that a important magnitude of bearish enactment takes spot astatine said level.

Biggest Losers

GALA and the sandbox were immoderate of the biggest cryptos to autumn connected Saturday, arsenic the reddish question was genuinely contiguous to commencement the weekend.

However, the terms of THETA fell for a 3rd consecutive session, and present sits beneath its caller enactment level of $3.25.

THETA/USD fell to an intraday debased of $3.09 during today’s session, and is down adjacent to 5% arsenic of writing.

THETA/USD – Daily Chart

Prices fell by astir 10% earlier today. However, pursuing the breakout from the floor, the downward unit eased arsenic traders apt liquidated immoderate positions.

Today’s diminution saw THETA autumn to its lowest level since February 6, with the 14-day RSI dropping to its lowest constituent since February 4.

Could losses beryllium extended passim the weekend? Let america cognize your thoughts successful the comments.

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