3 Altcoins That defy Bitcoin Dominance And Continue To Rally
- CSPR’s price remains strong despite 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 the price looks strong despite Bitcoin (BTC) dragging market prices down.
- The price of CRV respects the downtrend line as the price aims to break out of its downtrend price movement.
The crypto market has not had the Uptober that many expected, as the market has continued to range despite showing some great signs of rallying in the early part of the month. Except for a few exceptional coins, such as Casper Network (CSPR), Trust Wallet Token (TWT), and Curve DAO (CRV), have shown strength despite the growing concern for Bitcoin Dominance (BTC.D) as this could affect the price of altcoins when BTC retraces. 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) rising and the price of BTC moving in a range, this has affected most crypto projects. The price of CSPR has enjoyed a somewhat good price rally. After dropping to a daily low of $0.03, the price of CSPR rallied to a high of $0.055, reclaiming its key support.
CSPR’s price needs to 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.
Price Analysis Of Trust Wallet Token (TWT)
The daily timeframe for the price of TWT has shown resilience as the price continues to maintain its bullish strength after a successful breakout from a descending triangle.
TWT’s price faces resistance at $1.2; the price needs to break this region to rally higher; if the price fails to break this range, we could see the price retesting the support at $1.
Daily resistance for the TWT price – $1.2.
Daily support for the TWT price – $1.
3 Altcoins – Price Analysis Of Curve DAO (CRV)
After dropping to a daily low of $0.5, the price of CRV bounced from that area as the price rallied to a high of $1.5 before facing rejection to trend higher.
The price of CRV saw rejection as the price continued to range, forming a descending triangle with a possible breakout to a high of $1.
Daily resistance for the CRV price – $1.2.
Daily support for the CRV price – $0.65.
Featured Image From zipmex, Charts From Tradingview