Top 5 Crypto Performers Overview: XEM, Ripple, EOS, Bitcoin, IOTA

After the recent collapse, many analysts have forecast a further fall in prices and expect Bitcoin to bottom out around $3,000 or even $1,500.

Another important recent development was that the costly Bitcoin Cash war has ended, with Bitcoin Cash SV deciding to move on, leaving Bitcoin Cash ABC in charge of the Bitcoin Cash brand name.

Though the bears succeeded in breaking down the range, they are struggling to sustain prices at lower levels.

Buying at lower levels has kept the XEM/USD pair close to the range of $0.07790717-$0.13125258.

Long-term investors can wait for the prices to stabilize at lower levels and then buy a portion of their desired allocation.

The remainder can be added at higher levels as the digital currency starts a new uptrend.

If the bulls defend the $0.37185 level, the virtual currency will continue to remain in a tight range of $0.37185-$0.565.

If the price sustains below this level, the fall can extend to the next lower level of $3 and below that to $2.1531.The down sloping 20-week EMA and the RSI below 40 levels show that the path of least resistance is to the downside.

The bears broke below the support at $0.4037 and continued lower, touching an intraweek low of $0.28.

If the support at $0.28 breaks, the fall can extend to the next lower level at $0.1427, with a minor support close to $0.23 levels.