Gold now manages to regain some balance, fading its earlier pullback to the proximity of the $4,400 region per troy ounce and reshifting its attention to the $4,450 zone on Thursday. The yellow metal’s move lower comes in response to a better tone in the Greenback and the generalised recovery in US Treasury yields.
XRP slides as institutional and retail demand falters
Ripple (XRP) is trading down for the third consecutive day on Thursday amid escalating volatility in the cyrptocurrency market. After peaking at $2.41 on Tuesday, its highest print since November 14 amid the early-year rally, XRP has quickly ran into aggressive profit-taking.
Sellers have since taken control, with the cross-border payments token attempting to stabilize just above the psychological $2.00 handle. The broader crypto outlook has also deteriorated, with Bitcoin (BTC) briefly sliding below $90,000.
Market sentiment has also flipped decisively into fear, with the Crypto Fear & Greed Index by Alternative sliding to 28 after failing to sustain a move above 42 on Wednesday. Its sudden reversal underscores the loss of bullish momentum.
If $2.00 gives way, downside risks may intensify, with the November support at $1.77 and the April low near $1.61 emerging as the next key demand zones.
XRP risks extending decline as retail and institutional demand softens
XRP spot Exchange Traded Funds (ETFs) recorded nearly $41 million in outflows on Wednesday after maintaining stellar performance since their debut in November. The cumulative inflow now stands at $1.2 billion while net assets average $1.53 billion, according to SoSoValue data.
Softening demand for ETFs can be attributed to deteriorating sentiment, which often hinders price increases, as investors prioritise risk aversion. The next few days could provide insight into the overall trend, especially given XRP’s technical structure’s weakness.
The derivatives market has also mirrored the risk-off sentiment that has been thawing in the broader cryptocurrency market. CoinGlass data shows that futures Open Interest (OI) has fallen sharply to $4.26 billion on Thursday from $5.51 billion the previous day and $4.55 billion on Tuesday.
A declining OI indicates that retail is losing confidence in XRP, which leaves prices at risk of rising selling pressure.
Technical outlook: XRP testing critical support
XRP holds above the rising 50-day Exponential Moving Average (EMA) at $2.07, but remains capped below the 100-day EMA at $2.22 and the 200-day EMA at $2.34. The Relative Strength Index (RSI) has declined to 54 from overbought territory on the daily chart, suggesting easing bullish momentum.
The Moving Average Convergence Divergence (MACD) on the same chart stands above the signal line and the zero line, yet the positive histogram is contracting, which aligns with the broader corrective trend in the crypto market.
Looking up, a daily close above $2.22 (100-day EMA) would open the path toward $2.33 (200-day EMA), while a break through the descending trend line near $2.40 would strengthen the medium-term bullish case.
On the downside, initial support sits at the 50-day EMA at $2.07. A break below this level would put the recovery at risk. Overall, XRP remains in a choppy range amid a weakening technical structure that could pave the way for losses toward the November trough at $1.77 and April’s low of $1.62.
Ripple FAQs
(The technical analysis of this story was written with the help of an AI tool)
USD/CNH: Likely to trade between 6.9660 and 7.016 – UOB Group
Tentative increase in upward momentum suggests US Dollar (USD) could test 6.9950. In the longer run, outlook for USD is neutral now; it is likely to trade between 6.9660 and 7.0160, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Outlook for USD is neutral now
24-HOUR VIEW: “We expected USD to ‘trade in a range between 6.9720 and 6.9880’ yesterday. However, after dipping to a low of 6.9790, USD edged to a high of 6.9925. There has been a tentative increase in upward momentum, and USD could test the resistance at 6.9950. A break above this level is not ruled out, but given the tentative momentum, any further advance is unlikely to reach 7.0050. Support levels are at 6.9850 and 6.9800.”
1-3 WEEKS VIEW: “Our most recent narrative was from Monday (05 Jan, spot at 6.9735), in which we indicated ‘the sharp decline in USD last month appears to be overextended’. We also indicated that ‘although there is no clear sign of stabilization yet, deeply oversold conditions and waning downward momentum, suggest the downside potential could be limited to a test of 6.9590’. Yesterday, USD edged to a high of 6.9925. Although our ‘strong resistance’ level at 6.9950 has not been breached yet, downward momentum has more or less eased. In other words, the outlook for USD is neutral now, and we expect it to trade between 6.9660 and 7.0160.”
WTI declines to near $56.00 as Venezuelan oil deal overshadows US inventory drawdown
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $56.05 during the early European trading hours on Thursday. The WTI price declines on US President Donald Trump statements on Venezuelan oil. Traders will keep an eye on the release of the US jobs data for December, which will be released later on Friday.
Trump said late Tuesday that Venezuela’s interim government agreed to give as many as 50 million barrels of “high-quality, sanctioned oil” to the US. Trump added that the US wants full access to Venezuela’s oil following the arrest of former President Nicolas Maduro by US forces over the weekend. Analysts believe that significant amounts of Venezuelan oil potentially entering the market offer long-term bearish momentum.
Nonetheless, the crude oil inventories report showed a sharper decline than anticipated, which might help limit the WTI’s losses. According to the US Energy Information Administration (EIA) weekly report, crude oil stockpiles in the US for the week ending January 2 fell by 3.831 million barrels, compared to a decline of 1.934 million barrels in the previous week. The market consensus estimated that stocks would rise by 1.1 million barrels.
The US employment report for December will take center stage on Friday. In case of a weaker-than-estimated outcome, this could undermine the US Dollar (USD) and lift the USD-denominated commodity price.
WTI Oil FAQs
WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. It is a benchmark for the Oil market and WTI price is frequently quoted in the media.
Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa.
The weekly Oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) impact the price of WTI Oil. Changes in inventories reflect fluctuating supply and demand. If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price. Higher inventories can reflect increased supply, pushing down prices. API’s report is published every Tuesday and EIA’s the day after. Their results are usually similar, falling within 1% of each other 75% of the time. The EIA data is considered more reliable, since it is a government agency.
OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 Oil-producing nations who collectively decide production quotas for member countries at twice-yearly meetings. Their decisions often impact WTI Oil prices. When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices. When OPEC increases production, it has the opposite effect. OPEC+ refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia.
Australian Dollar moves little following Trade Balance data
The Australian Dollar (AUD) steadies against the US Dollar (USD) on Thursday following Australia’s Trade Balance data, which showed that trade surplus narrowed to 2,936M MoM in November versus 4,353M (revised from 4,385M) in the previous reading.
The Australian Bureau of Statistics (ABS) reported on Thursday that Exports fell by 2.9% MoM in November from a rise of 2.8% (revised from 3.4%) seen a month earlier. Meanwhile, Imports grew by 0.2% MoM in November, compared to a rise of 2.4% (revised from 2.0%) seen in October.
Australia’s mixed November inflation data left the Reserve Bank of Australia’s policy outlook uncertain. Focus now shifts to the quarterly CPI report due later this month for clearer guidance on the RBA’s next policy move.
The Australian Bureau of Statistics (ABS) reported on Wednesday that Australia’s Consumer Price Index rose 3.4% year-over-year (YoY) in November, easing from 3.8% in October. The reading missed market expectations of 3.7% but remained above the RBA’s 2–3% target. It marked the lowest inflation since August, with housing costs increasing at the slowest pace in three months.
US Dollar moves little ahead of Initial Jobless Claims
- The US Dollar Index (DXY), which measures the value of the US Dollar against six major currencies, is holding ground and trading around 98.70 at the time of writing. Traders will keep an eye on the US Initial Jobless Claims data later on Thursday. Attention will be shifted toward the Friday’s US Nonfarm Payrolls (NFP) report, which is expected to show job gains of 55,000 in December, down from 64,000 in November.
- The Institute for Supply Management (ISM) reported on Wednesday that the US Services PMI rose to 54.4 in December from 52.6 in November. This figure came in stronger than the expectation of 52.3.
- Fed Governor Stephen Miran said on Tuesday that the US central bank needs to cut interest rates aggressively this year to support economic momentum. Meanwhile, Minneapolis Fed President Neel Kashkari warned of a risk that the unemployment rate could “pop” higher.
- Richmond Fed President Tom Barkin, a non-voter on the Fed’s rate-setting committee this year, said Tuesday that interest rate adjustments will need to be “finely tuned” to incoming data, citing risks to both the Fed’s employment and inflation objectives, according to Reuters.
- According to the CME Group’s FedWatch tool, Fed funds futures continue to price in about an 88.9% probability that the US central bank will keep rates unchanged at its January 27–28 meeting.
- Traders expect two additional Federal Reserve rate cuts in 2026. Markets are bracing for US President Donald Trump to nominate a new Fed chair to replace Jerome Powell when his term ends in May, a move that could tilt monetary policy toward lower interest rates.
- China’s RatingDog Services Purchasing Managers’ Index (PMI), released on Monday, declined to 52.0 in December from 52.1 in November. RatingDog reported last week that Manufacturing PMI climbed to 50.1 in December from 49.9 in November. It is important to note that any change in the Chinese economy could impact the AUD as China and Australia are close trading partners.
- Australia’s CPI was unchanged at 0% month-on-month (MoM) in November, matching October’s reading. Meanwhile, the RBA’s Trimmed Mean CPI rose 0.3% MoM and 3.2% YoY. Separately, seasonally adjusted Building Permits surged 15.2% MoM to a near four-year high of 18,406 units in November 2025, rebounding from a downwardly revised 6.1% fall previously. Annual approvals jumped 20.2%, reversing a revised 1.1% decline in October.
- The Australian Financial Review (AFR) suggested that the RBA may not be done tightening this cycle. The poll indicates that inflation is expected to remain stubbornly elevated over the coming year, fueling expectations of at least two additional rate hikes.
Australian Dollar trades near 0.6700 after pulling back from 15-month highs
AUD/USD is trading around 0.6720 on Thursday. The technical analysis of the daily chart indicates that the pair remains within the ascending channel pattern, suggesting a persistent bullish bias. However, the 14-day Relative Strength Index (RSI) at 64.42 suggests a bullish momentum.
The AUD/USD pair may target the 0.6766, the highest level since October 2024, followed by the upper boundary of the ascending channel near 0.6840.
The initial support lies at the lower ascending channel boundary around 0.6720, followed by the nine-day Exponential Moving Average (EMA) of 0.6706. A break below the confluence support zone could expose the AUD/USD pair to the area around the 50-day EMA at 0.6626.
Australian Dollar Price Today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.05% | 0.06% | 0.08% | 0.07% | -0.01% | 0.12% | 0.03% | |
| EUR | -0.05% | 0.00% | 0.05% | 0.04% | -0.06% | 0.06% | -0.01% | |
| GBP | -0.06% | -0.01% | 0.02% | 0.01% | -0.07% | 0.05% | -0.02% | |
| JPY | -0.08% | -0.05% | -0.02% | -0.03% | -0.10% | -0.02% | -0.06% | |
| CAD | -0.07% | -0.04% | -0.01% | 0.03% | -0.07% | 0.04% | -0.03% | |
| AUD | 0.01% | 0.06% | 0.07% | 0.10% | 0.07% | 0.12% | 0.06% | |
| NZD | -0.12% | -0.06% | -0.05% | 0.02% | -0.04% | -0.12% | -0.06% | |
| CHF | -0.03% | 0.00% | 0.02% | 0.06% | 0.03% | -0.06% | 0.06% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).
Australian Dollar FAQs
One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD.
The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter AUD-positive.
China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar (AUD). When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected. Positive or negative surprises in Chinese growth data, therefore, often have a direct impact on the Australian Dollar and its pairs.
Iron Ore is Australia’s largest export, accounting for $118 billion a year according to data from 2021, with China as its primary destination. The price of Iron Ore, therefore, can be a driver of the Australian Dollar. Generally, if the price of Iron Ore rises, AUD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Iron Ore falls. Higher Iron Ore prices also tend to result in a greater likelihood of a positive Trade Balance for Australia, which is also positive of the AUD.
The Trade Balance, which is the difference between what a country earns from its exports versus what it pays for its imports, is another factor that can influence the value of the Australian Dollar. If Australia produces highly sought after exports, then its currency will gain in value purely from the surplus demand created from foreign buyers seeking to purchase its exports versus what it spends to purchase imports. Therefore, a positive net Trade Balance strengthens the AUD, with the opposite effect if the Trade Balance is negative.
FX Today: US data remains in centre stage
The US Dollar (USD) traded without a clear direction on Wednesday, losing some momentum following the auspicious start to the new trading year. Moving forward, the Greenback is expected to remain at the centre of the debate ahead of the release of key data that could shape the Fed’s rate path in the upcoming months.
Here’s what to watch on Thursday, January 8:
The US Dollar Index (DXY) alternated gains with losses in the mid-98.00s as investors assessed the mixed results from the US ADP report and the ISM Services PMI. Next on tap will be the usual weekly Initial Jobless Claims, Challenger Job Cuts, Balance of Trade results and the Unit Labor Cost index.
EUR/USD rose slightly, although it remained unable to break above the 1.1700 barrier in a convincing fashion. Factory Orders in Germany are due, seconded by Producer Prices and the Unemployment Rate in the euro bloc as well as the final Consumer Confidence gauge. In addition, the ECB will publish its Consumer Inflation Expectations alongside the speech by VP De Guindos.
GBP/USD dropped markedly, adding to Tuesday’s rejection from multi-week tops near 1.3570. The Halifax House Price index is due, seconded by the BBA Mortgage Rate and the BoE’s Decision Maker Panel survey (DMP).
USD/JPY barely moved, keeping the trade around the 156.70 region following the broader lack of direction in the FX gaalxy. The Average Cash Earnings will gather attention on the Japanese calendar, seconded by weekly Foreign Bond Investment data and the Consumer Confidence gauge.
AUD/USD reversed three daily advances in a row, easing to the 0.6720 zone despite the absence of a clear bias in the Greenback. The Balance of Trade results will be the salient data release Down Under.
WTI prices added to Tuesday’s retracement, deflating below the $56.00 mark per barrel as traders continued to evaluate developments from the US-Venezuela front.
Gold prices came under strong selling pressure, reversing three daily upticks in a row and briefly revisiting the $4,420 zone per troy ounce, or two-day lows. Silver prices gave back part of their recent strong gains, coming close to the $76.00 mark per ounce on Wednesday.
US Dollar stabilizes on mixed US data, Canadian Dollar weighed by Oil decline
USD/CAD trades around 1.3820 on Wednesday at the time of writing, up 0.10% on the day, supported by a modest rebound in the US Dollar (USD) amid mixed US economic data and persistent weakness in the Canadian Dollar (CAD).
In the United States (US), activity in the services sector shows signs of improvement. The Institute for Supply Management (ISM) Services Purchasing Managers Index (PMI) came in at 54.4 in December, up from 52.6 previously and above market expectations. This increase points to stronger momentum in the services sector, although some components remain mixed. The Prices Paid Index eased to 64.3, suggesting a slight moderation in inflationary pressures, while the Employment Index rose to 52, indicating a moderate improvement in labor market conditions in the services sector. New Orders also increased, reinforcing the view of firmer demand toward year-end.
At the same time, other labor market indicators paint a more nuanced picture. Job Openings from the Job Openings and Labor Turnover Survey fell to 7.14 million in November, below expectations, confirming a gradual cooling in the labor market. The report from the Automatic Data Processing (ADP) Research Institute also showed private sector payrolls rising by 41,000 in December, weaker than forecast, despite a rebound after November’s contraction. Taken together, these data keep the Federal Reserve (Fed) in a wait-and-see mode ahead of its late-January meeting, with markets continuing to price in a cautious path of rate cuts during 2026.
The US Dollar nevertheless finds some short-term support. The US Dollar Index (DXY) holds around 98.60 after rebounding from daily lows, reflecting position adjustments following the macroeconomic releases. This move supports USD/CAD, despite expectations remaining tilted toward gradual monetary easing by the Federal Reserve.
On the Canadian side, the Canadian Dollar remains weighed down by falling Oil prices, a key pillar of the country’s economy. Crude Oil prices decline amid fears of excess supply after comments by US President Donald Trump suggesting a potential delivery of 30 to 50 million barrels of Venezuelan crude to the United States (US). This prospect revives concerns about an already well-supplied market and weighs on commodity-linked currencies.
Although Canada’s Ivey Purchasing Managers Index rose to 51.9 in December, signaling a return to expansion territory for business activity, this support is not enough to offset the negative impact of lower Oil prices on the Canadian Dollar.
Canadian Dollar Price Today
The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the strongest against the British Pound.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.00% | 0.19% | 0.03% | 0.12% | 0.18% | 0.10% | 0.14% | |
| EUR | 0.00% | 0.21% | 0.04% | 0.13% | 0.19% | 0.11% | 0.15% | |
| GBP | -0.19% | -0.21% | -0.15% | -0.08% | -0.02% | -0.10% | -0.06% | |
| JPY | -0.03% | -0.04% | 0.15% | 0.09% | 0.14% | 0.06% | 0.11% | |
| CAD | -0.12% | -0.13% | 0.08% | -0.09% | 0.06% | -0.03% | 0.02% | |
| AUD | -0.18% | -0.19% | 0.02% | -0.14% | -0.06% | -0.08% | -0.03% | |
| NZD | -0.10% | -0.11% | 0.10% | -0.06% | 0.03% | 0.08% | 0.04% | |
| CHF | -0.14% | -0.15% | 0.06% | -0.11% | -0.02% | 0.03% | -0.04% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Canadian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CAD (base)/USD (quote).
Ripple Price Forecast: XRP rally cools as on-chain metric signals profit taking
Ripple (XRP) is trading downward but holding support at $2.22 at the time of writing on Wednesday, as fear spreads across the cryptocurrency market, reversing gains made from the start of the year. Profit-taking appears to be center stage, as confidence in XRP’s ability to sustain the uptrend falters.
A break above a multi-month descending trendline could set XRP toward the $3.00 target. However, a close below a short-term support level at $2.22 could test demand at $2.00, potentially leaving XRP vulnerable to an extended slump.
XRP SOPR metric resets amid profit-taking
The Spent Output Profit Ratio (SOPR) on-chain metric, computed by dividing realized value (price sold) and the value of XRP at creation (price paid), is resetting. Glassnode data shows the metric at 1.05 as of Tuesday, down from 1.08 the previous day.
As the SOPR declines, it indicates that investors are selling and realizing profit, and in the process adding to the headwinds. Further decline below the mean line at 1.00 would mean XRP is oversold, creating fresh opportunities for investors to lean into risk.
XRP ETFs, on the other hand, saw inflows of approximately $19 million on Tuesday, a significant drop from the $46 million recorded on Monday.
Despite the decline in volume, interest in US-listed XRP ETFs has steadied since their debut in November, boosting cumulative inflows to $1.25 billion and related net assets to $1.62 billion.
Technical outlook: XRP holds key support
XRP is trading down but holding onto a short-term support provided by the 100-day Exponential Moving Average (EMA) at $2.22 at the time of writing on Wednesday. The correction follows an early-year rally that signalled a bullish shift, but it encountered resistance around the 200-day EMA at $2.34 and a descending trendline on the daily chart.
The Relative Strength Index (RSI) has fallen to 64 on the same chart from a brief ascent into overbought territory, indicating fading bullish momentum. A further decline toward the midline could keep the trend bearish and increase the odds of XRP sliding below the 100-day EMA at $2.22.
Closing below this moving average will likely trigger an extended correction that could test the 50-day EMA at $2.07.
Still, traders may lean on the Moving Average Convergence Divergence (MACD) indicator, which continues to show positive divergence on the same chart, as a buy signal amid optimism for a larger breakout above the descending trendline.
Cryptocurrency metrics FAQs
EUR/JPY Price Forecast: Slips below 183.00 as momentum weakens
EUR/JPY extends its losses for the fourth successive session, trading around 182.80 during the European hours on Wednesday. The currency cross remains subdued following the release of Germany’s Retail Sales, which climbed 1.1% year-over-year (YoY) in November, following an increase of 0.9% in October. Monthly Retail Sales fell 0.6% in November, against a 0.3% decline in October and the market expectations of a 0.2% increase.
The technical analysis of the daily chart suggests that the 14-day Relative Strength Index (RSI) sits at 50.96 (neutral), confirming tempered momentum. The EUR/JPY cross remains above the rising 50-day Exponential Moving Average (EMA), while it stalls beneath a softening nine-day EMA, pointing to consolidation after the recent advance.
The EUR/JPY cross may navigate the region around the initial support at the three-week low of 181.57, recorded on December 17, followed by the 50-day EMA at 181.31. Holding above the 50-day EMA would keep the medium-term uptrend intact, while a drop through the first floor could expose the deeper level.
On the upside, the EUR/JPY cross may rebound toward the nine-day EMA at 183.44. Recovery through the nine-day EMA could re-establish upside traction and refocus the topside path toward the all-time high of 184.95, which was recorded on December 22, aligned with the psychological level of 185.00.
Euro Price Today
The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.06% | 0.04% | -0.09% | 0.11% | 0.00% | 0.11% | 0.09% | |
| EUR | -0.06% | -0.01% | -0.16% | 0.05% | -0.05% | 0.04% | 0.03% | |
| GBP | -0.04% | 0.00% | -0.15% | 0.06% | -0.04% | 0.06% | 0.04% | |
| JPY | 0.09% | 0.16% | 0.15% | 0.21% | 0.11% | 0.20% | 0.19% | |
| CAD | -0.11% | -0.05% | -0.06% | -0.21% | -0.10% | -0.01% | -0.02% | |
| AUD | -0.00% | 0.05% | 0.04% | -0.11% | 0.10% | 0.10% | 0.08% | |
| NZD | -0.11% | -0.04% | -0.06% | -0.20% | 0.00% | -0.10% | -0.02% | |
| CHF | -0.09% | -0.03% | -0.04% | -0.19% | 0.02% | -0.08% | 0.02% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).
(The technical analysis of this story was written with the help of an AI tool.)
Top Crypto Gainers: JasmyCoin rallies as Cosmos and Bittensor retreat
JasmyCoin (JASMY), Cosmos (ATOM), and Bittensor (TAO) are among the top-performing cryptocurrency assets in the last 24 hours. JasmyCoin leads the rally with double-digit gains, and bulls are targeting further gains, while Cosmos and Bittensor struggle to extend their gains after six consecutive days of recovery.
JasmyCoin inches closer to reclaiming a psychological level
JasmyCoin trades above $0.00950 at press time on Wednesday following the 27% surge on the previous day. The ongoing recovery in JASMY aims for the 200-day Exponential Moving Average (EMA) at $0.01105.
A clean push above this moving average could extend the rally to $0.01361, last tested on October 3.
The technical indicators on the daily chart suggest intense buying pressure. The Relative Strength Index (RSI) is at 79, deep into the overbought zone, but it warns of a potential reversal as buying pressure nears unsustainable levels.
At the same time, the intense buying fuels trend momentum indicated by a steady rise in the Moving Average Convergence Divergence (MACD) and green histogram bars.
On the flip side, if JASMY reverses from $0.01000, it could retest the $0.00779 level, marked by the November 4 low.
Cosmos fails to extend the six-day recovery
Cosmos edges lower by 2% at the time of writing on Wednesday, halting the six consecutive days of recovery. The intraday pullback approaches the November 4 low at $2.346, close to the 50-day EMA at $2.321.
The momentum indicators on the daily chart are mixed amid the sudden shift of the ATOM price trend. The RSI is at 66, reversing from the overbought boundary, indicating a decline in buying pressure. Meanwhile, the MACD and signal line continue to extend the uptrend, suggesting that the prevailing bullish momentum remains intact.
Looking up, the October 11 low at $2.856 serves as the immediate resistance level.
Bittensor’s recovery falls short of the $300 mark
Bittensor failed to extend the six-day recovery and fell short of the $300 mark. At the time of writing, TAO is down over 3% on Wednesday, approaching the 50-day EMA at $271, slightly above the $260 support level.
If TAO falls below $260, it could extend the decline to the $206 level, marked by the December 24 low.
Similar to Cosmos, the momentum indicators remain mixed, with the RSI at 62 reversing from near the overbought zone, while the MACD and signal line rise.
If TAO reclaims $300, it could struggle to exceed the $312 level, last tested on December 12.