While the crypto currency market follows a wavy course, important technical indicators for XRP, Solana (left) and Qtum (Qtum) are remarkable. According to analysts, the XRP price is a major decrease formation, while the solenda gives rise signals. Qtum tests the critical level of support and approaches an important decision point for investors. So, what do technical analysis show these three major Altcoin? Which levels are critical? As Kriptokoin.com, we share detailed analysis…
XRP price gives a decrease signals
Ali Martinez states that XRP is a head and shoulder (H&S) formation that gives a decrease in the weekly graph. This formation usually indicates that the price has lost upward momentum and may experience a major decrease.
According to the analyst, the most critical support level for XRP is $ 2. If the price goes below this level, the XRP has a risk of decreasing to $ 1.25. For XRP, which is currently traded at $ 2.38, investors should closely follow this support.
Looking at historical data, there are many examples in which the price after the head and shoulder formation has harsh decreases. Therefore, investors need to carefully monitor whether the XRP can maintain $ 2.
Another Altcoin on the list is strengthening for the ”Solana (left)”
Ali Martinez states that there is a more positive technical structure for Solana (left). According to the analyst, it moves within the rising channel and maintains critical support levels.
Especially the level of $ 126 stands out as a strong support point for the left. If he manages to hold on this level, Solana may be able to rise to $ 140.
Currently traded at the level of $ 129, the left is technically strong. If it reaches the upper band of the channel, a new wave of rise may begin for investors. However, if the support of $ 126 is broken, the risk of decrease should not be ignored.
Critical support is tested for the 3rd Altcoin ”Qtum” on the list
Qtum (Qtum), one of the remarkable projects in the crypto money market, is traded at a significant level of support. According to Ali Martinez, the level of $ 1.88 that Qtum has long been protected by Qtum is a decisive point for investors.
If this support level is broken, Qtum is expected to fall to $ 0.63. However, if a strong purchase comes at this level, the price may be possible to rise again.
The next few days are critical for the Qtum, which is currently traded at $ 2.23. Investors should watch carefully whether the support of $ 1.88 will be broken. If the support level is broken downward, the price of Qtum may have a harsh decline.
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