Bitcoin’s (BTC) Shortocking and Naverication? Solana (Sol) to finally break the bear direction, XRP is struggling a lot
Given that price procedures and technical indicators line up for a possible explosive step, it appears that Bitcoin is preparing for another important gathering. Bitcoin is now unifying more than $ 94,000 for the level that he has not seen in weeks, after recently penetrated many important resistance levels such as 50 -day and 100 -day moving averages.
The momentum that supports this step is its most prominent advantage. The interests of the strong market and institutional participation were indicated through the clear increase in trading volume. Above all, Bitcoin managed to maintain this momentum and convert previous resistance levels into potential support areas. There is still a possibility of upward movement, as shown in the RSI index (the relative power index), which is high but not yet in the excessive area of the peak.
Looking at the technical environment that has been disinfected and resistant to short -term public expenditures, Bitcoin may soon start the second wave, a continuation gathering that follows such strong beings frequently. In the past, a secondary difficulty increased in days or weeks after the outbreak of Bitcoin over the unification ranges with size.
This narration also supports market morale. Conditions are ideal for bitcoin to continue their gains now after most of the fear has calmed down and optimism grows in the largest encrypted currency area. The next goal can be anywhere from 97,000 dollars to $ 100,000 if Bitcoin maintains support above $ 94,000. If the bullish momentum picks up the speed, it may move even its highest level early than expected.
Solana Trend approaches the end
The long -term declining trend of Solana may approach its end as it approaches a possible outbreak. Sol is now less than 200 days moving average (EMA), an important technical teacher that can transform the market morale in its favor after weeks of steady recovery.
Seoul rose to several large resistance levels. It is currently trading about $ 153, as it fights the important level of 200 EMA at $ 162. Historically, this resistance line was an obstacle determining the direction. Officially, Solana will leave the bear area and interfere in the sure upward trend if it can be closed over it. In addition, the price structure offers a distinct upward trend, indicating steady demand and high market confidence. It is clear that the momentum is increasing.
Related
This gathering witnessed a fixed increase in size, which strengthened the upward trend. The fact that the relative strength index is still high but not in the peak purchase area, indicates that more gains can be made without correction.
Previous monotheism may provide slight resistance in a range between 170 and 185 dollars, which is the next goal of the price if Sol is able to penetrate and keep 200 EMA. If, on the other hand, this critical level has not been broken, there may be a brief decline to a range between 140 and 135 dollars, as 50 EMA may work as support.
XRP needs fuel
XRP appears to be in a rut, while the majority of the major cryptocurrencies ride a wave of the largest market. The original is currently trading at about $ 2.18, struggling with the SIA moving average for 100 days (EMA) and clearly shows the signs of weakness at this decisive level. A few hours after a brief height over 100 EMA, XRP was unable to keep its upward momentum and below it.
Related
Looking at the wonderful gains made by assets such as Bitcoin ethereum and Solana – all of them broke important resistance levels decisively and entered strong recovery stages – this type of price procedure is related. The fact that XRP cannot remain above 100 EMA indicates that there is no fixed upward pressure.
Compared to its peers, the original does not move with the same conviction. Despite the efforts made in recovery, the size is still weak, and the relative strength index has been settled, indicating the presence of a kiosk in momentum rather than continuing. Technically, XRP is still circulating in a broad dilemma and has not yet come out of it. Repeated failures in 100 EMA indicate that XRP may not be ready to join the Taurus Party yet despite maintaining support above 50 EMA.
There is still a great opportunity to decline towards a level of $ 2.00 or even $ 1.97 unless there is a large size backed by size soon. In the near future, the XRP bulls should make a big step. The XRP will remain behind in a market that is flashing in green unless there is a clear break above 100 EMA and the consistent price procedures over that area. Cautious exercises are recommended until then, especially for traders who expect gains to catch up with fast knees.
