RATE Group | Major cryptos remain on track to post weekly gains
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Major cryptos remain on track to post weekly gains

26 Apr Major cryptos remain on track to post weekly gains

Posted at 21:09h in Cryptocurrency News by

  • Bitcoin stays directionless below $7,000 for second straight day.
  • Ethereum stays in narrow trading range below $150. 
  • Ripple registers small daily losses, looks to snap 6-day winning streak.

After fluctuating in tight ranges on Saturday, major cryptocurrencies continue to have a difficult time making a decisive move in either direction on Sunday. Nevertheless, the biggest three cryptocurrencies with regards to market capitalization remain on track to post weekly gains.

Top-three coins price overview

Bitcoin (BTC/USD) has gone into a consolidation phase after testing the $7,250 handle last Thursday. As of writing, the pair was up more than 15% on the week but was down 1.3% on a daily basis. Supports for the pair could be seen at $6,600 (Fibonacci 50% retracement of mid-March fall) ahead of $6,350 (20-day SMA) and $6,000 (Fibonacci 38.2% retracement/psychological level). On the upside, resistances align at $7,250 (Fibonacci 61.8% retracement), 7,650 (50-day…

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