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AltcoinCryptocurrencyDeFiDOGE (Dogecoin)NewsPrice AnalysisRipple (XRP)

Dogecoin, BAT, XRP Price Analysis – 31 October 2021

The global cryptocurrency market remained without massive volatility over the previous day. However, Basic Attention Token (BAT) and XRP saw double-digit surges in the past 72hrs. On the other hand, Dogecoin saw its price plummet by 7.9% over the past 24 hours. BAT recorded a monstrous increase and depicted gestures to ease the bullish pressure as XRP flashed mixed trading signals.

XRP

XRP saw its actions oscillating in a downward trend over the last three weeks. However, the altcoin plunged to a one-month low, hitting $0.9483 on 27 October. However, Ripple’s XRP saw its bulls stepping up in the last three days as the altcoin’s price increased by almost 13%.

With the ascent, XRP climbed past the closest support near $1.0702, breaching its top trend-line. Moreover, the surge had briefly higher trading volumes, confirming healthy trends. While writing this article, XRP hovers at $1.112, following a 2.07% upswing in 24 hours. Short-term technical indicators signaled buyers’ preference.

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The RSI rose by around 17%, confirming bullish momentum. Moreover, positive actions by the DMI showed buying gestures in the short term. Meanwhile, the ADX depicted weal trends.

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Dogecoin

Dogecoin has traded in climbing wedge patterns since 26 September. The meme coin’s monthly ROI was more than 19%. As a result, the alternative crypto hit its eleven-week peak on 28 October before bouncing back from the top trend-line. However, Dogecoin witnessed a 7.9% downswing over the past day as short-term technical indicators show sellers’ preference. While writing these lines, DOGE exchanges hand at $0.2662.

The RSI dropped by ten points, confirming downtrends. Also, Awesome Oscillator and the MACD displayed sellers’ inclination in the short term.

Basic Attention Token

BAT recorded an unrivaled surge since yesterday. It has a 42.46% ROI in 24 hours and almost 83% ROI in 72 hours. The alt had a bullish run since 28 October before breaching the $0.9031 immediate support within no time.

Meanwhile, BAT surged to a 24-week peak on 31 October, hitting $1.4685 amid amplified trading volumes. Buyers controlled the momentum as the alt traded far beyond the 20-50-200 Simple Moving Average.

However, BAT saw a pullback following its 24-week high. The crypto has its price at $1.1264. The RSI stayed in the overbought regions, favoring buyers but hinting at possible reversals. Also, the DMI showed buying momentum as the DI appeared downward, confirming fading bullish momentum. Also, the MACD confirmed the same readings.

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James Carr (Australia)

James is a new research writer for Tokenhell. His articles include broker and exchange reviews, guides and news from all over the crypto-verse. Stay tuned for his recent articles.

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