- CSPR’s price remains strong despite price facing rejection from a high of $0.055 as the price holds above the key support area.
- The price of TWT broke out from a downward triangle, despite Bitcoin (BTC), which is dragging down market prices.
- The downtrend line is maintained by the price for CRV, as it aims to get out of its current downtrend.
The Uptober has been a disappointment for the crypto market. There have been no significant rallies in the beginning of the month, and the market continues to fluctuate despite some encouraging signs. Except for a handful of exceptional coins like Casper Network, Trust Wallet Token and Curve DAO (CRV), the market has continued to range despite growing concerns about Bitcoin Dominance. This could impact the price altcoins if BTC retraces. Below are 3 altcoins who have managed to resist the pull of BTC.D.
Casper Network’s (CSPR) price analysis on the Daily Chart
The bear market has been tough for most projects, and many experienced price drops of more than half a percent. This disqualifies investors as well as traders from holding onto 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 experienced a modest price rise. The price of CSPR dropped to $0.03 per day, but it rallied to $0.055, reclaiming its main 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.
Pricing Analysis of Trust Wallet Tokens (TWT).
After a breakout of a triangle that was downwardly oriented, the daily TWT price time frame has been resilient.
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)
The price of CRV dropped to $0.5 per day, but rebounded and reached $1.5 before being rejected to continue trending higher.
As the price of CRV continued to fluctuate, it was rejected. The triangle formed a downward triangle that could lead to an eventual breakout at $1.
Daily resistance for the CRV price – $1.2.
Daily support for the CRV price – $0.65.
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