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Most of the investors were expecting green candles across the board on the charts today, however, the crypto<\/a> market did not lean in their favor. <\/span><\/p>\n While a couple of cryptocurrencies marked significant rises, most others continued declining.<\/span><\/p>\n<\/div>\n<\/div>\n Well, not the kind one would want, but for the last 24 hours, XMR<\/a> has been leading the altcoins that stuck to the week-long bearish sentiment and depreciated further. <\/span><\/p>\n At the time of writing, XMR was trading at $120.39, 11% below the close from the day before.\u00a0<\/span><\/p>\n In the span of mere four days, the altcoin has plunged by 35.47% from the mark of $183. The coin, which had almost recovered from the crash of May 9, managed to test the 50-day Simple Moving Average as resistance and was on the verge of breaching it. <\/span><\/p>\n Doing so would\u2019ve allowed it to turn the SMA into support, maintaining the $200 price point.<\/span><\/p>\n<\/div>\n<\/div>\n However, as the market crashed, the price indicators supporting the rise also switched their directions. <\/span><\/p>\n MACD exhibited a bearish crossover just as XMR began declining, and at the time of writing, the bearishness on the indicator is diminishing any chances of recovery. <\/span><\/p>\n This could result in the coin further decreasing unless the broader market sentiment turns bullish in the next few hours.<\/span><\/p>\n<\/div>\n<\/div>\n The Bitcoin<\/a> namesake and hard fork of the king coin\u2019s hard fork, Bitcoin SV<\/a>, surprisingly managed to prevent excessive damage during the crash. <\/span><\/p>\n The altcoin only noted depreciation for 48 hours as it countered the bearishness over the week, declining by merely 18.65%.<\/span><\/p>\n At the same time, in the last 24 hours, it almost not only recovered from the entire downfall but also rallied further ahead. With a 37.44% rally, BSV hit the monthly highs of $63.88 before coming back down to close at $51.28.<\/span><\/p>\n<\/div>\n<\/div>\n This single-day rise triggered an uptrend for the altcoin, which is evident in the Parabolic SAR\u2019s white dots\u2019 position underneath the candlesticks. <\/span><\/p>\n Furthermore, the Relative Strength Index (RSI) recovered from falling deeper into the bearish zone by sitting closer to the neutral zone. <\/span><\/p>\nMonero Becomes the King<\/h2>\n
Bitcoin SV, on the Other End of the Spectrum<\/h2>\n