Guaranteed, XRP will explode after reaching this level. Is Solana only drawn on a double top?
With EMA crossing for 50 days now over EMA for 200 days, Bitcoin has officially printed a golden cross on the daily chart. This is a classic upscale signal that often indicates the beginning of the long -term reflection. At 96,516 dollars, Bitcoin still is still an important average movement and regained a large floor lost during the collapse of February March. Although it indicates the potential strength and change in the direction, the golden cross is not a guarantee of sudden sharp price fluctuations.
The current price range, which is located near the collapse point in 2025, may be a psychological and psychological resistance. The short -term decline has become more likely to integrate the original after a strong gathering – especially since RSI approaches its arrest area in 69 years. But the feelings are not only about the technical aspects. On May 1, 422 million dollars in net flows were transferred to Bitcoin’s investment funds, where IBIT is topped by Blackrock the road of $ 351 million.
This indicates a strong institutional appetite. These types of flows give Bitcoin a strong basis and may protect them from a decrease. On the other hand, Ethereum ETF activity was much lower, with a clear flow of $ 6.49 million and only outflows by Ethe Gramescale. Even with momentum, it will be useful to take a break here. The exact range in which the last Bitcoin collapsed began again; The markets stop repeatedly when they return to these areas.
The relative strength index will be reset, shakes weak hands and set the foundation for potential penetration above $ 100,000 by standardizing between 94,000 dollars and $ 97,000. In short, the Golden Cross indicates that although the total trend of bitcoin turns into a rise, short -term wisdom is still necessary.
Increase xrp fluctuations
The original has now reached a close wedge side, which consists of a recently created support line and a long -term descending resistance line after spending months stuck in a descending triangle style.
At a current price of about $ 2.19, XRP is reduced between the rising trend line that has been protecting the bulls since early April and the declining tension that has dominated the price since January.
The fluctuation of textbooks that result from this composition repeatedly comes before the strong collapse – or stolen collapse. The size has decreased, which is common for assets that approach the top of this type of structure.
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About 52, RSI neutral, indicating that neither buyers nor sellers have full control. The non-completion of the price pressure and its wrapping is enhanced by closing the EMA, as it collects at 50, 100 and 200. XRP will confirm the outbreak of a pattern with a possible potential step aimed at a $ 2.70-3.00 region if it exceeds the concession resistance, which is currently $ 2.23 on a strong volume.
The strong gain in the short term can be possible as a result of a strong continuity signal. However, the decline is about $ 1.98, a 200 EMA test and may shake the weak hands before any sustainable escalating step, which can result from rejection of the current levels or from the inability to maintain rising support near $ 2.17.
Solana is in a difficult situation
When Solana’s work begins to resemble a dual classic formation, a declining pattern that precedes repercussions, traders may give an early warning mark. Sol is currently trading at $ 148, and it has difficulty breaking the resistance level between $ 150 and $ 152, which corresponds to the highest previous local level.
The stage was set to reflect the potential trend when this level is not reached in the second attempt. The convergence of public resistance, such as EMA for 100 days and EMA, which is still standing for 200 days, supports this declining scenario. The price showed fatigue after a strong gathering of its lowest level in April near $ 115, and is currently yearning for those areas.
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The bulls who rely only should be the momentum to push up with caution from the relative strength index, which is slightly less than 60 years old and indicates the cooling momentum without increasing Phili. Another indicator of the purchase’s benefit is the size that started to explode with the price approaching the resistance. Sol is more likely to decrease towards EMA for 50 days near $ 132 if it is unable to keep the support of $ 140, which is the neckline of this possible double photography.
A verified breakdown below would allow more important recovery, and perhaps up to $ 110 or even $ 120. This arrangement should be closely monitored by investors. Solana looks vulnerable to a brief correction, although the total market stands out. Before returning to a strong return, conservative traders may think of Derisking or stop until there is an outbreak that has been verified over $ 152 resistance.
