The RSI is currently neutral, which means a period of consolidation could persist this week.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
Damanick is a crypto market analyst at CoinDesk where he writes the daily Market Wrap and provides technical analysis.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.