Top 5 Crypto Performers Overview: BSV, XEM, TRX, BNB, BTC

Published on by Cointele | Published on

From a high of $254.13 on Nov. 14, it plunged 84.83 percent to an intraday low of $38.528 on Nov. 23.

From the lows, it pulled back 221.79 percent to reach an intraday high of $123.98 on Nov. 26.

On the contrary, if the price breaks down of the range, a retest of the lows is probable.

While most other top digital currencies are making new year-to-date lows, the XEM/USD pair has not declined much in the past few days.

Even after breaking down of the range $0.13125258-$0.07790717, the bears have not been able to push prices lower.

If the price climbs back into the range and sustains it for three days, it will confirm that the markets have rejected the lower levels.

Traders can initiate long positions above the 50-day SMA and expect a move back towards the top of the range.

The price has gradually drifted close to the Nov. 25 low of $0.01089965.

The digital currency turned around and slumped sharply on Dec. 6 and 7, resulting in a new low.

BTC/USD. Though Bitcoin is the fifth best performer in the past seven days, it has continued to make new year-to-date lows.

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