Price Prediction For October 16: LUNC, KLAY, ESN, WAVES and XRP

Some crypto markets appear to have lost steam and, as a result, lost price moments in the crypto world. Sellers have played a significant role in causing a decline in market structure, with more impact to be felt in the coming days.

The XRP appears to be relaxed in consolidation despite sellers’ holding the market at the moment. The Ethereum name service token has lost bullish steam as sellers are holding the price down. The Klay, Waves, and Terra continue to plunge downward in the market.

Terra Luna Classic (LUNC/USD)

The selling pressure is currently felt as we speak. The bears are aiming to cause a plunge downward back to the safest order level, which is at the $0.00019180 key zone. The Parabolic SAR (Stop and Reverse) indicator shows selling strength still at large on the token price

Terra Luna Classic 

Current Price: $0.0002633
Market Capitalization : $1.8B
Trading Volume : $2.2B
7-day Gain: 17.4%

Klaytn (KLAY/USD)

The crypto market has been on a bearish plunge even before the price broke out from the Bollinger Band indicator below the $0.1810 key zone. As the selling moment is still bound to continue, traders should anticipate the price pulling back. The Stochastic Oscillator is already oversold due to the massive plunge downward. A retracement is bound to take place before a further breakdown to the $0.1380 key zone.

Klaytn (KLAY/USD)

Current Price: $0.1424
Market Capitalization : $4.3B
Trading Volume : $28M
7-day Gain: -0.13%

Ethereum Name Service (ESN/USD)

The sellers are currently seen holding a bullish charge after breaking through the $20.380 key zone. Below this level, the sellers are attempting to decline in price. The Stochastic Oscillator shows us that buying activity has almost expired at the moment, so a price retracement is essential before buyers can get enough strength to go lower.

Ethereum Name Service (ESN/USD)
Current Price: $18.96
Market Capitalization : $1.9B
Trading Volume: $94M
7-day Gain: -2.16%

Waves (WAVES/USD)

The Waves token appeared to have declined by 1.45%, but the bearish impact is now being held back by buyers in the crypto market. The Moving Average cross is still expanding as the bearish market is more likely to continue. After the price pulls back, traders should anticipate a selling tendency in the crypto market.

Waves (WAVES/USD)
Current Price: $3.48
Market Capitalization : $382M
Trading Volume: $117M
7-day Gain: -1.78%

XRP (XRP/USD)

The XRPUSD keeps consolidating as sellers continue to hold ground. The buyers are currently trading against the sellers’ moment following their recent drop in price. The RSI (Relative Strength Index) opens room for a buying setup as the signal is close to leaving the selling region. More purchasing power will be seen in the coming days.

XRP (XRP/USD)
Current Price: $0.4732
Market Capitalization : $47B
Trading Volume : $1.5B
7-day Gain: -0.22%