XRP, Solana, OMG Price Analysis: 03 October
The cryptocurrency market was mostly trading in the green with some coins registering rallies and others positively consolidating on their respective charts. XRP could revisit its overhead resistance, while Solana logged a considerable gain of almost 8% over the last 24 hours. OMG on the other hand massively hiked by 25.40% and was on its way to secure a fresh multi-month high.
XRP rose by 2.7% over the last 24 hours and was trading at $1.03. Immediate overhead resistance awaited the coin at $1.14. On the four-hour chart, the price of XRP was seen above its 20-SMA line indicating that price momentum was in favour of buyers.
Relative Strength Index stood at the 60-mark depicting buying strength in the market. MACD flashed green bars on its histogram, while Awesome Oscillator displayed one red signal bar as the last trading session was in the red.
A fall below the current price level could push XRP down to $0.94 and then at its two-week low of $0.87.
Solana rose up substantially by 7.90% over the last 24 hours as it was priced at $171.01. A rise above the current price level would cause Solana to trade near $188.53 and then at its multi-week high of $214.08.
The Relative Strength Index hovered in the overbought zone for the last few days at press time, although, it stood slightly below the 75-mark. The Awesome Oscillator displayed green signal bars and MACD flashed green bars on its histogram.
SOL can experience a fall in price given it meets with the price correction, in which case the support region stretches from $163.74 to $125.95. The additional price floor stood at $93.20 which the coin last touched over a month ago.
OMG network made huge gains of 25.40% over the last 24 hours and was trading at $17.15. The immediate resistance mark for the coin stood at $18.27. On the four-hour chart, OMG stood above the 20-SMA line; pointing towards price momentum being in inclination with the buyers in the market.
With regards to the aforementioned statement, the Relative Strength Index was on a one-month high as the token was massively overvalued. Awesome Oscillator displayed tall green signal bars and MACD flashed green bars on its histogram.
A price pullback cannot be completely overruled, in case of which OMG might find itself resting first on the $14.48 support level. A fall beneath which could cause OMG to trade near $11.06 and then at $8.14.Source