Over the past weekend, buyers were able to break through the resistance of 10500.00 USD and renew the weekly high. True, the growth took place at small volumes, and the pair was unable to test the level of 10600.00 USD.
Sellers responded to this rally with a wave of selling that pushed the BTC price back below the two-hour EMA55. Last night, the decline stalled at the support area of 10200.00 USD and buyers tried to consolidate in the mid-price area to repeat the breakout of 10,500.00 USD.
To re-test the target level of 10800.00 USD, it will be necessary to form a bullish impulse with volumes exceeding the average level. If the activity of buyers is low, then the bears will intensify the onslaught and the pair will return to the area of ten thousand, and at the beginning of this week the price of bitcoin will test the support of 9800.00 USD.
On Saturday night, buyers were able to restore the price of Ethereum above the green trendline, and at night the pair tried to gain a foothold in the upward channel.
However, on Sunday, the bears returned the pair to the mid-range. Although sellers managed to pierce the support of 360.00 USD, buyers stopped the decline and are trying to restore the ether price to the two-hour EMA55.
If the volume of purchases increases, then a re-test of the psychological mark of 400.00 USD is possible. If the bears push past the last week's low, then the price will return to the zone of recent consolidation, with support at 320.00 USD.
Last Saturday, XRP price growth took place at low volumes. The pair managed to break through the 0.250 USD resistance, but sellers responded with a series of sell-offs that brought the price back below the 2-hour EMA55.
On Sunday evening, the volume of sales decreased and by the beginning of this week, buyers have restored the pair to the level of average prices. If weak purchases increase, the growth will continue to the 0.265 USD area.
Strengthening of sellers at the level of the moving average EMA55 will continue to decline to support 0.230 USD.
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