With selling pressure continuing, it is likely that many of the altcoins will fall to new lows in 2018.
TRX/USD
At the moment, there is confidence in the price movement of the coin; over the past week its value has increased by 18%. TRX is now ranked 11th by market capitalization. Even though TRX/USD is trading in a bearish pattern and sellers are in control of the market, their failure to push the price to last week's lows increases the likelihood of a bull run above the 1.5 cent mark.
As per our previous plan, we expect the price to exceed 3 cents during the run. Otherwise, if the bears push the price below the November 28 lows, their next goal will be to retest the coin's all-time low at the January 24 low.
XMR/USD
Like BTC and LTC, Monero has wide community support due to the privacy that this coin provides. These currencies can now be withdrawn from several ATMs in Switzerland.
Despite this, on the chart we see that XMR/USD is trading in a bearish pattern; at one point, sellers completely controlled the market, pushing the price well below $70 on November 25.
The only case in which we recommend placing longs is if there is a confident break above $70, our support level. Until then, if the pressure continues, we expect the price to drop to $20.
According to newsbtc.com
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Until what point is it likely that the price will recover to the target resistance levels and what is a signal to continue the downtrend? Let's try to figure it out in our review today.
