Altcoin Weakness: Ripple, Cardano, Dogecoin Test Key Support Levels
Ripple's price has been testing its crucial Exponential Moving Average (EMA) support at $1.35, while Cardano is holding above its 50-day EMA at $0.1916.
Dogecoin, on the other hand, risks further weakness below its 100-day EMA at $0.0816.
The technical outlook for these three altcoins warns of further weakness in their prices as bullish momentum eases.
Ripple's price has been capped beneath the 200-day EMA at $1.35, and a confirmed breakout below this level could target the support cluster around the 23.6% Fibonacci retracement level of $1.21.
The Moving Average Convergence Divergence (MACD) for Ripple has slipped slightly below its signal line, while the Relative Strength Index (RSI) at 61 still suggests constructive buying interest easing from overbought excess.