3 Altcoins That defy Bitcoin Dominance And Continue To Rally – CSPR, TWT, CRV
22 Octobre 2022 - 3:00AM
NEWSBTC
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. Related Reading: Arca Firm CEO Believes Crypto Winter Has
Reached The End, How True Is That? 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.
Related Reading: This On-Chain Metric Suggests Bitcoin Not In
Danger Of Another Sharp Drawdown Featured Image From zipmex, Charts
From Tradingview
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