Bitcoin SV showed an exaggerated bearish divergence and was likely to retest the $170 region as support. Crypto.com Coin reversed its longer-term downtrend and could retrace some recent gains before another move upward. Aave broke out of the range it was trading within, and bulls would be determined to defend the $100 level if bears show up.
Bitcoin SV [BSV]
The RSI showed that momentum behind BSV was slowing down, even as the price struggled to stay at the $180 mark. This exaggerated bearish divergence is likely to see BSV dip to find support at $170 once more.
The past few weeks have seen BSV trade sideways and establish a range between $158 and $184. This meant that the $170 mark, as mid-point, carries special significance and is also in close proximity with the horizontal level of support at $172.
Losing the mid-point would see BSV move toward $154, while a defense of this level over the next few trading sessions could be followed by a move toward $184.