It is a third day in a row that the overall market cap is in the green, marking a recovery from the local bottom of $205 billion (data by Tradingview).

The total market is currently hovering right on the long-term, sturdy resistance at $215 billion. Right above it is its MA200 and right below it is the intersection of EMA20 and MA50.

Those are its nearby support and resistance levels once it exits this prolonged sideways channel that formed back in the tail end of September.

ETHUSD on a daily chart shows a diminishing volume and a drop from the local high of $196. Right now, it is right at the Fib236 and $173, below a notable support/resistance at $176.

If this level fails to hold this support, a drop to the local bottom of $152 is in the cards. Upside potential is a bounce to the mentioned local high of $196.

XRP is one of the better performing coins on the market, recording a green candle for almost the whole October, moving from the lows of $0.23 to the current $0.29 per token.

XRP is hitting a Fib786 that is acting as a resistance at the $0.30 height. This is a tough zone to break since XRP failed to pierce it on multiple occasions already.

Major support is at Fib618 and $.028.

Major resistance is at the mentioned $0.30.

Potential upside is not too big, breaking this $0.30 would see XRP almost immediately bumping at the $0.32, a local high from last month.

Potential downside is a drop to the Fib50 at $0.26 or, in case of a major market sell-off, to the $.023 support zone.

Stellar is stuck in the zone of two Fib heights between $0.060 and $0.066.

It is lingering right above moving average confluence point which is a major support zone for XLM at $0.062. Major resistance is at Fib382 and $0.062.

Potential upside is huge – there are no major resistances for Stellar above this $0.066 height and a local high at $0.089 would be the target for XLM.

Downside potential is, however, also pretty big – drop to the $0.052, a local bottom from September is a possibility should the broad market move be negative.

ADA is sitting right on its long-term support at $0.039 but it seems that a move down is more likely than a break up.

Major resistance for ADA is at $0.045 but it needs to smash two moving averages before it gets to this zone, which will be a tough task for Cardano.

Major support is at the local bottom at $0.0348.

BAT is another one of the better performing altcoins in the last couple of weeks. Right now, it is trying to break a resistance level at $0.226, a Fib618 of the July-September high low swing.

BAT looks poised to crack this height and reach the July 27th high of $0.27, especially if we take the fundamentals into consideration which signal a good growth of BAT’s Brave Browser userbase but also technical progress, like the planned support for Brave Ads on iOS devices.

If BAT fails to fulfill its upside potential, a drop to the Fib382 at $0.195 is the most likely option.

The post Price Analysis 22/10: ETH, XRP, XLM, ADA, BAT, RVN, DOGE, HOT appeared first on CaptainAltcoin.

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