Yesterday the market continued to consolidate, and the weakness of buyers did not allow testing the level of average prices.
Yesterday, trading in Bitcoin took place at increased volumes, while the psychological level of $10,000 is becoming more difficult to keep the pair in sideways consolidation. Sellers were able to pierce this support several times during the day, and at night they renewed their monthly low around $9825.
Buyers looked rather weak, and in a sluggish consolidation, they could not test the 2-hour EMA55, let alone try to somehow break this level of average prices.
We believe that the sideways trend will continue today, and the volume of purchases may increase after the breakout of the support of $9800.
Yesterday, during the day, the activity of sellers was gradually decreasing, so the amplitude of Ethereum price fluctuations decreased and the consolidation range narrowed even more.
At the end of the day, sellers still pierced the lower border of the narrowing range, and today they will try to get out of it. We believe that their efforts will be limited to psychological support at the level of $300.
Yesterday Ripple price continued to consolidate in a sideways narrowing range. Sellers did not allow the pair to test the level of average prices and buyers stopped the price decline on the way to the lower end of the range ($0.23).
If the buyers manage to increase the volume today, they will try to knock the pair out of the sideways and test the resistance of $0.25.