Buyers failed to maintain neutral sentiment regardless of the bulls’ resurgence within the past month. That had Polkadot and XRP sustaining bearishness on their respective 4hr technicals. While the latter still had a lucrative Chaikin Money Flow (CMF), the former witnessed a death cross on the Exponential Moving Average.
On the other part, Dogecoin stayed beyond its short-term Exponential Moving Averages. However, bulls should ensure the Relative Strength index equilibrium for extended revivals in the upcoming days.
Ripple (XRP)
Bulls emerged to defend the base at $0.56 since the remittance token declined to 6-month lows on January 22. Meanwhile, the over 69% upswing saw XRP flipping the EMA ribbons into bullish favor before the alt tested $0.9.
However, bears propelled a climbing wedge within no time, and Ripple dropped beneath all its Exponential Moving Average ribbons. It lost the POC (Point of Control) as sellers triggered intensified sell-offs.
XRP traded near the $0.7642 level at this publication. The Chaikin Money Flow showed buying preferences as it hovered beyond the zero-line. Moreover, the latest price actions unveiled a concealed bullish divergence with XRP prices and affirmed the surging cash inflows into the token,
Dogecoin (DOGE)
Dogecoin witnessed a gradual and consistent recovery on its 4hr chart. The revival came after the original meme con crashed from the $0.16 zone towards the long-term base at $0.11. The alt witnessed an about 38.5% ROI within the last month as DOGE regained the crucial support at $0.14.
The latest rally saw the meme token climbing beyond the 20-50-200 Exponential Moving Average as the bulls planned dominance. Now, the nearest obstacle for bulls stands around the $0.15 mark.
Dogecoin traded near $0.143 at this publication. The Relative Strength index stayed beneath the midline over the past couple of days and finally closed beyond the 50-level. A drop under this level might see DOGE retesting the 200EMA region. Moreover, bulls ensured a revival as the Awesome Oscillator gravitated towards its closest support.
Polkadot (DOT)
The bearish phase since touching ATHs saw DOT losing over 74.5%, crashing towards 7-month lows on February 24. Nevertheless, the latest optimistic actions printed bullish trend-line support (currently resistance) as the token crossed $23.
The rally seemingly met resistance around the POC (Point of Control). That had bulls losing their edge as DOT saw an expected climbing wedge breakdown. Meanwhile, the 20EMA dropped beneath the 50-200EMA and confirmed the bearish pressure.
DOT trades around $19.71 at the moment. RSI halted its revival around the 40-resistance, explaining the current bearish. For now, Polkadot might suffer bearish actions in the short term.