August 28 has started with a slight correction on the cryptocurrency market. All the top 10 coins are located in the red zone, while the biggest loser is Binance Coin, whose rate has gone down by 5.61%.
Even though Bitcoin is going down along with other top coins, its dominance rate has almost come back to the previous level and now constitutes 68.9%.
24 Hour High / Low
$182 334 690 991
$15 668 825 773
$10 406,08 USD / $10 169,12 USD
$20 057 625 742
$6 392 370 150
$190,85 USD / $186,10 USD
$11 495 203 816
$1 079 780 435
$0,272760 USD / $0,267135 USD
The daily chart shows that the price is still above the moving average with a period of 100, although there are no vigorous rebounds from this line of dynamic support.
Bulls need to overcome the $10,956 mark to break out of the bearish pattern from lowering highs.
The price of BTC is trading at $10,160 at the time of writing.
Ethereum keeps trading sideways since August 15 against the falling trading volume.
On the 1D chart, ETH is likely to test the nearest support at $170 before a price bounces back to the levels between $180-$200. Respectively, Ehtereum is going to trade sideways in September 2019.
The price of ETH is trading at $186.10 at the time of writing.
The quotes of XRP are located in a similar pattern to Etheruem.
According to the chart, XRP is slightly going down to the support zone at $0.25. This is the crucial level to watch regarding the future trend. If the price breaks it, a bearish trend keeps dominating in the long-term scenario.
The price of XRP is trading at $0.2675 at the time of writing.