XRP rose to its highest level in almost one month, while LUNA and ANC both dropped almost 10%.
Looking at the chart, today’s surge has seen the 14-day RSI climb to a ceiling of 54, its highest level since February 19, which is likely another reason why bulls liquidated earlier positions.
Now we will have to wait to see if this level could be broken, if so, then the $0.90 level will likely be the next price target.It has been a rough week for ANC, with the cryptocurrency falling by almost 50% in the last seven days. This decline continued on Saturday, as ANC/USD hit an intraday low of $3.28, following highs above $4.00 less than 48 hours ago.
As of writing, ANC is down 9.95% today, as prices look to be trying to find a point of support, to ease the bleeding.Looking at the chart, this floor could be the $3.15 level, which was last hit on February 24, when ANC was making its way to a now all-time high of $6.20. In addition to this, the 14-day RSI is tracking at 47.94, which is the lowest price strength has resided at since Valentine’s Day.
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