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The majority of the pairs show bearish movement in preparation for a pullback. Furthermore, TWT, the trust wallet token, is displaying a strong bearish stance. Nevertheless, the Dash 2 Trade token is promising, and investors are still pouring money into it to seize the opportunity.
The overall statistics show that XRP still has an edge over the other tokens in a bullish stance. Investors’ feelings of insecurity following the FTX incidents have significantly impacted the cryptocurrency market. The FTX disaster highlights the need for an advanced, cutting-edge platform that can identify catastrophes that are similar to FTX/FTT and allow traders to identify secure trading signals for significant returns. Dash 2 Trade (D2T) is the platform, and its presale is currently going on. About $7.5 million was realized from the presale. The D2T affiliate program is accessible to everyone. Use the Dash 2 Trade referral links to get a piece of the profits!
Stellar (XLM/USD)
Presently market condition is bearish due to the break in the structure. However, the price is willing to move up due to the price failing to break the previous low (failed low). which can come in the form of a pullback or significant bullish move. The Relative Strength Index also shows a willingness for a corrective move upward.
Current Price: $0.08
Market Capitalization: $2.27B
Trading Volume: $0.45B
7-day gain: -2.35%
Ripple (XRP/USD)
The market hasn’t shown any major indication of its overall direction. However, the current price is in a bullish phase as shown on the Relative Strength Index and also the price is above the Moving Average period 20.
Current Price: $0.04
Market capitalization : $20.04B
Trading Volume: $0.61B
7-day gain: +2.87%
Cronos (CRO/USD)
The market bias is bearish due to the break in the market structure below. Also, the price is below the Moving Average which indicates bearishness in price action. However, we are expecting a market retracement since we are currently in an oversold situation on the Relative Strength Index.
Current Price: $0.06
Market Capitalization: $1.63B
Trading Volume: $15.19k
7-day gain: -7.93%
Trust wallet token (TWT/USD)
There were significant bullish moves from November 10th through the 14th in which the price rose but failed to break above the high of the candle (failed high). This indicates a sign of weakness in bulls. Before the price drops to the FVG, the structure is expected to be broken.
Current Price: $2.00
Market capitalization : $0.83B
Trading Volume: $0.05B
7-day gain: -3.77%
Synthetic (SNX/USD)
The market is bearish due to the break of structure downwards. The Moving Average indicates bearish price action. We are still likely to see the market rally upwards to the fair value gap (FVG) after a slight bearish movement.
Current Price: $1.69
Market capitalization : $0.51B
Trading Volume: $0.028B
7-day gain: -5.58%
Impact Token (IMPT)
On their official website, the IMPT presale is still going on, and so far it has raised close to $13.5 million. This project encourages everyone to participate and benefit the environment in a hip and effective way. Don’t pass up this appealing deal. You may also connect with them on Discord.
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