3 Altcoins Defying Bitcoin Dominance and Continuing to Rally
- CSPR’s price remains strong despite the price facing rejection from a high of $0.055 as the price holds above the key support area.
- TWT breaks out of a descending triangle as price looks strong despite Bitcoin (BTC) pulling down market prices.
- The price of CRV respects the downtrend line as the price aims to break out of the downward price movement.
The crypto market has not had the Uptober many expected, as the market has continued to fluctuate despite showing some good signs of rallying at the beginning of the month. Apart from a few exceptional coins, such as Casper Network (CSPR), Trust Wallet Token (TWT) and Curve DAO (CRV), have shown strength despite the growing concern about Bitcoin Dominance (BTC.D) as this could affect the price of altcoins when BTC goes back. Here are 3 altcoins that have defied the pull of BTC.D.
Casper Network (CSPR) Price Analysis on the Daily Chart
Most projects have fared poorly in the bear market, with many experiencing more than 50% price declines, discouraging most traders and investors from stockpiling these assets.
With Bitcoin’s dominance (BTC.D) increasing and the price of BTC moving in a range, this has affected most crypto projects. The price of CSPR has had a relatively good price increase. After falling to a daily low of $0.03, the price of CSPR rose to a high of $0.055, regaining key support.
CSPR’s price must hold above $0.045, which corresponds to the 200 exponential moving average; a close above this region could push the price to $0.077.
Daily resistance for the price of CSPR – $0.077.
Weekly support for the price of CSPR – $0.045.
Trust Wallet Token (TWT) Price Analysis
The daily time frame for the price of TWT has shown resilience as the price continues to maintain its bullish strength after successfully breaking out of a descending triangle.
TWT’s price faces resistance at $1.2; price must break this region to rally higher; if the price does not break this area, we can see the price retest the support at $1.
Daily resistance for TWT price – $1.2.
Daily support for TWT price – $1.
3 Altcoins – Price Analysis of Curve DAO (CRV)
After falling to a daily low of $0.5, the price of CRV bounced from this area as the price rose to a high of $1.5 before rejecting to a higher trend.
The price of CRV declined as the price continued to fluctuate, forming a descending triangle with a possible breakout to a high of $1.
Daily resistance for CRV price – $1.2.
Daily support for CRV price – $0.65.
Featured Image From zipmex, Charts From Tradingview
