Altcoins in Trouble as Cardano and Ripple Face Deeper Losses

Cardano's price has extended its losses below $0.1900 after failing to break through the $0.2000 psychological barrier.

Despite this, Cardano still holds a mild bullish bias in the near term as it remains above the 50-day EMA at $0.1766 but well below the 200-day EMA at $0.2627.

The momentum indicators support this upside tilt, with the RSI holding around 62 and reversing from the overbought boundary, while the MACD remains in positive territory above the signal line, indicating that buyers retain control.

Ripple's price is trading at $1.04 on Thursday, but its technical outlook has deteriorated, with price lodged below the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs) at $1.11, $1.19 and $1.38 respectively.

The Relative Strength Index (RSI) hovers around 39, pointing to lingering downside pressure, while the MACD remains marginally negative, hinting that rallies are likely to be sold while these overhead EMAs continue to cap the pair.