Bitcoin’s dominance fell slightly to $64.8% after the collective market cap slid to $179.3 million. And while some expected alts to rally, they did so only briefly, with the same soon projecting downward movement after technical indices appeared to be bearish on the short-term price charts.
XRP
Source: XRP/USD on TradingView
While Ripple’s product, RippleNet, and the crypto-asset XRP, have seen their implementation across various financial institutions for cross-border remittance purposes, these developments seem to have little impact on the coin’s price.
At press time, the third-largest cryptocurrency by market cap was priced at $0.174, while also recording a 1.19% price rise over the last 24-hours. Additionally, XRP held a market cap of $7.65 billion and a 24-hour trading volume of $2.077 billion.
Resistance: $0.177, $0.183
Support: $0.162
MACD: The MACD aligned with the bulls.
CMF: The CMF also appeared to be diving back into the bearish zone.
Huobi Token [HT]
Source: HT/USD on TradingView
The crypto-platform Huobi exchange strengthened its Asian footprint after receiving a green light from the Thai Ministry of Finance for trading in Thai Baht which enables holders to trade its native Houbi Token [HT] and other cryptos to trade in Thai baht.
HT was up by 1.17% over the last 24-hours which drove the price t0 $3.32. At press time, the coin registered a trading volume of $751.4 million and a 24-hour trading volume of $120.3 million.
Resistance: $3.45
Support: $3.08
Parabolic SAR: The dotted markers above the HT price candles pointed to a bearish price trend for the coin.
Awesome Oscillator: The AO, however, was mildly bullish, with two green closing bars
OKB
Source: OKB/USD on TradingView
OKEx, the cryptocurrency exchange and the parent firm of the OKB utility token, has been leading the BTC Futures exchange volumes market for a while now. In fact, the platform has burned 70% of the token’s supply. OKB was down by 0.29% over the course of the last 24-hours. At press time, the token was trading at $4.02 with a market cap of $255.9 million and a 24-hour trading volume of $204.5 million.
Resistance: $4.47
Support: $3.74
Klinger Oscillator: The signal line above the KO line depicted a bearish phase for the coin in the near-term.
Relative Strength Index: The RSI also appeared to be heading towards the oversold region. This was indicative of mounting selling pressure in the OKB market.
