{"id":227492,"date":"2022-04-12T18:00:37","date_gmt":"2022-04-12T12:30:37","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=227492"},"modified":"2024-01-30T02:30:02","modified_gmt":"2024-01-29T21:00:02","slug":"xrp-vechain-near-price-analysis-12-april","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/xrp-vechain-near-price-analysis-12-april\/","title":{"rendered":"XRP, VeChain, NEAR Price Analysis: 12 April"},"content":{"rendered":"

With Bitcoin failing to break above key levels in the $40-$42K region, it plummeted toward the $39,000 level. Accordingly, XRP and VeChain projected a high correlation with the king coin whilst their near-term technicals indicated a bearish inclination.<\/span><\/p>\n

On the other hand, NEAR’s 4-hour RSI closed above the midline and hinted at increasing buying influence.<\/span><\/p>\n

XRP<\/span><\/strong><\/p>\n

\"\"<\/a>
Source: TradingView, XRP\/USDT<\/figcaption><\/figure>\n

The sixth-largest crypto in terms of market cap continued its plunge toward $0.69. The altcoin saw an over 6.8% 24-hour devaluation. As a result, XRP fell towards its seven-week low on 12 April.<\/span><\/p>\n

The digital currency invalidated its bullish tendencies after falling below its descending channel. With the\u00a0<\/span>20 EMA<\/span><\/strong>\u00a0(red) still looking south, any revival could find resistance at the $0.72-level.<\/span><\/p>\n

At press time, XRP was trading at $0.7036. The southbound <\/span>CMF\u00a0<\/span><\/strong>depicted a selling edge while it hovered way below the zero-line. Nevertheless, the\u00a0<\/span>RSI\u00a0<\/span><\/strong>saw higher troughs in the last week and revealed a bullish divergence with price.<\/span><\/p>\n

VeChain (VET)<\/span><\/strong><\/p>\n

\"\"<\/a>
Source: TradingView, VET\/USDT<\/figcaption><\/figure>\n

After a week of tight phase between the $0.07-$0.08 range, VeChain (VET) saw a bearish break. It lost nearly 23.4% of its value in the last six days.<\/span><\/p>\n

Since swooping to its one-year low in late February, VET bulls finally found the ground that helped them overturn the long-term bearish rally. As soon as it broke out of the $0.04-level, the alt saw an over 80% jump before a down-channel correction.<\/span><\/p>\n

At press time, VET traded at $0.05946. After the recent retracement, the price fell towards the lower band of its <\/span>Bollinger Bands<\/span><\/strong>. A likely revival would find resistance at the $0.06-level.<\/span><\/p>\n

Near Protocol (NEAR)<\/span><\/strong><\/p>\n

\"\"<\/a>
Source: TradingView, NEAR\/USDT<\/figcaption><\/figure>\n

Since its lifetime milestone, NEAR lost more than 64% of its value and plunged toward its 11-week low on 24 February.<\/span><\/p>\n

NEAR adhered to its trendline support while diving toward the $7.6-long-term floor. As a result, it bounced back to witness six-week trendline support (white, dashed). The alt saw a massive 120% growth in the last 47 days.<\/span><\/p>\n

At press time, the NEAR was trading at $16.5. The <\/span>RSI<\/span><\/strong>\u00a0saw growth from the 38-mark support. Over the last few hours, it jumped above the equilibrium and affirmed a bullish edge Also, the\u00a0<\/span>AO\u00a0<\/span><\/strong>corresponded with the increasing buying influence as it saw shorter green bars that approached the zero-line.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

With Bitcoin failing to break above key levels in the $40-$42K region, it plummeted toward the $39,000 level. Accordingly, XRP and VeChain projected a high correlation with the king coin whilst their near-term technicals indicated a bearish inclination. On the other hand, NEAR’s 4-hour RSI closed above the midline and hinted at increasing buying influence.Continue reading “XRP, VeChain, NEAR Price Analysis: 12 April”<\/span><\/a><\/p>\n","protected":false},"author":55,"featured_media":227499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,66,3,55,4,20],"tags":[],"class_list":["post-227492","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-new-news","category-news","category-xrp-ripple-news","category-social","category-trading-view"],"acf":[],"yoast_head":"\nXRP, VeChain, NEAR Price Analysis: 12 April - AMBCrypto<\/title>\n<meta name=\"description\" content=\"With Bitcoin failing to break above key levels in the $40-$42K region, it plummeted toward the $39,000 level. 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