Bitcoin has been in a bearish trend ever since it touched the highs of $40,000+. It has been falling below since and recently broke the support of $30,000 as well. Every pump is being sold and we have started seeing lower highs and lower lows affecting altcoin price as well.
This correction was expected after the rally in BTC price from $20,000 to $40,000+. Today we will review the price of some altcoins like RSR, FTM and THETA.
RSR/USD – Price Prediction
RSR is currently trading close to the support of $0.036. It has a good setup to scalp. If it can hold this support, we could start seeing a move towards $0.041, $0.046, $0.050 and $0.054. Failure to hold the support at $0.036 could lead to a drop towards $0.033.
FTM/USD – Price Prediction
If FTM can break the resistance at $0.035, we could see a move towards the next resistance at $0.039. If it can clear both of these resistances and close candles above these resistance zones, we could start seeing an impulse towards $0.048 and $0.064. Failure to break the resistance could lead to a drop towards $0.029 and $0.026. Currently it is trading in between resistance and support. A trade should be taken when the price of FTM reaches one of the 2 zones.
THETA/USD – Price Prediction
THETA is trading above the support zone of $1.81. It has a resistance at $2.12. If this resistance can be broken, we could start seeing a move towards $2.40, $2.64 and $2.87. Failure to break the resistance at $2.12 could lead to a drop towards $1.81 and $1.66.
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