With the Crypto fear and greed index showing substantial improvements in overall sentiment, NEAR’s 20 SMA jumped above its 50 SMA while it reclaimed the $13.2-support.
Also, XRP and MATIC continued their up-channel (reversal pattern) trajectories on their 4-hour charts.
Source: TradingView, XRP/USDT
Since losing the $1.01-level on 26 November, the alt has been on a steady descent. Post that, the bears tested the $0.7292-mark multiple times until the 21 January sell-off. After breaking out of the previous down-channel (white), XRP plunged by 32.6% (from 12 January) to touch its six-month low on 22 January.
With its 22.11% revival over the past 15 days, XRP flipped the EMA ribbons toward the bullish side. After the same, it reversed from the upper trendline of the channel. Any retracement would find a floor near the 20 EMA at the $0.6482-mark.
At press time, XRP traded at $0.6674. After testing the 55-mark multiple times, the RSI exponentially grew into the overbought region on 5 February. From here on, any fall below the immediate support would lead to a retest of the 55-level.
Source: TradingView, MATIC/USDT
After striking its ATH on 27 December at $2.92, MATIC withdrew and registered a 54.24% decline and hit its three-month low on 24 January. As a result, the fall breached the vital 61.8% Fibonacci support.
MATIC saw a 31.14% ROI in the last 13 days after bouncing back from its six-month Point of Control (red). Thus, it clawed back to reclaim the 78.6% support level but struggled to cross the $1.744-level.
At press time, MATIC traded at $1.71. The RSI steeply surged and reversed from the overbought region. Although it flashed a bullish bias, it fell below the 58-mark level, hinting at decreasing buying influence. Further, the A
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