Following Sunday’s sudden rally and retracement, most leading crypto assets have produced sideways consolidation just below the support ranges established during the previous week. The major exceptions to the trend are XRP and ONT, both of which appear to have held above last week’s support zones.

Also Read: Bitcoin Whales Have Accumulated Thousands of Coins in the Last 2 Months

BTC Consolidates Below $4,000

BTC has traded between approximately $3,800 and $3,900 since Sunday’s nearly 10% retracement, with current prices sitting at roughly $3,800 on Bitstamp and $3,900 on Bitfinex.

Markets Update: Support Turns Into Resistance for Leading Cryptocurrencies
BTC/USD – Bitfinex – 1HR

Sunday’s bearish momentum saw the stochastic RSI of BTC fall below the 20 threshold for the first time since the start of the month. Despite the pullback, the stochastic RSI remains above the 80 threshold across both…

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Source: https://thebitcoinnews.com/markets-update-support-turns-into-resistance-for-leading-cryptocurrencies/