Today, the cryptocurrency market is seeing a sea of red, with Bitcoin losing its strong support at $71,000 USD. Interestingly, some altcoins like RIVER, Dexe, Quant, and JUST are moving in different directions. Let’s delve into the continuation of this trend.
Bitcoin, post losing its critical support at $71,000, has tested the $70,000 support, showcasing heightened volatility amidst the ongoing market battle. The leading cryptocurrency seems poised to trade within the range of $70K USD and $74K USD. Ethereum (ETH), BNB, XRP, and Solana (SOL) are mirroring Bitcoin’s trend with negative 24-hour growth.
RIVER Coin Sets Sights on $40
RIVER Coin is currently trading at $26.9 USD, above all moving averages, experiencing a significant 12% surge in the past 24 hours. Following a successful cup-and-handle pattern, this cryptocurrency has surged by almost 50% over the last week and an impressive 112% over the past month.
Driven by robust system updates such as hitting $27M in staking value (1.04M tokens), the DIA Oracle Partnership on March 12, the launch of the PancakeSwap 340% APR pool, and the introduction of the River4Fun rewards points program. Furthermore, the listing of SatUSD on Stargate Finance has further bolstered community sentiment.
RIVER/USDT 4h Chart Signals Bullish Trend
Observing the RIVER/USDT chart, it is evident that the cryptocurrency is trading above all major EMAs, finding support at the 21 EMA and the 50 Day EMA golden crossover.
Although there was a slight rejection around $24, the asset quickly rebounded above $27, showcasing significant buyer interest.
A psychological resistance level lies at $30, breaking which could catapult the RIVER price towards the $33 to $35 range. Strong support is present at $24. The RSI currently stands at 69, indicating strength but not in an extreme overbought zone.
Given the current liquidity and market structure, the price trajectory points towards $40.
Dexe Coin Achieves 4-Month High
The governance token Dexe has been a standout performer in recent times. At the time of writing, Dexe coin has surged past $6, a significant resistance level, and is now trading at $6.14.
The Coin has witnessed a 13.24% surge in the last 24 hours and an impressive 162% surge in the last 30 days.
DEXE/USDT Chart Indicates Bullish Momentum
Examining the DEXE/USDT 4-hour chart, it is evident that the short-term and mid-term momentum remains bullish. Surpassing the $6 mark has propelled bulls into a stronger position to target the next key resistance levels at $7.5 and $8.3.
Upon applying the Ichimoku Cloud indicator, which reveals the moving resistance and support levels of an asset, a bullish scenario emerges as the price trades above the cloud.
Furthermore, the Directional Movement Index (DMI), reflecting buying and selling pressure, currently shows a positive directional index (+DI) above the negative directional index (-DI).
Supported by the consistent positive closure of derivatives markets since March 13, the tokens long/short ratio has maintained a value of 1 in the past week.
In case of a shift in momentum, the Dexe coin price enjoys strong support at a low of $4.42.
Quant, QNT Awaits a Push
QNT/USDT is currently priced at $75.91, with a 24-hour surge of 5.74% and a weekly surge of 20%. In the daily timeframe chart, the crypto is forming a tight consolidation pattern, hinting at a potential breakout.
A breach below the descending resistance line could lead QNT into a consolidation phase between $83 and $120, with further upside potential based on market momentum.
The 200-day EMA level, standing at 79.36, presents a significant barrier; a breach would confirm an upward move. The RSI momentum indicator is at 72, not excessively overbought, and could see some leveling off. The MACD indicator still shows a bullish crossover.
Quant coin’s indicators and market sentiment lean towards neutral to bullish. In case of a trend reversal, support levels are at $68.3 and $62.
