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Dogecoin (DOGE) Sinks Further Into Red as Momentum Turns Sharply Bearish

Dogecoin started a fresh decline below the $0.1250 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1235.

  • DOGE price started a fresh decline below the $0.1250 level.
  • The price is trading below the $0.1220 level and the 100-hourly simple moving average.
  • There is a key bearish trend line forming with resistance at $0.1300 on the hourly chart of the DOGE/USD pair (data source from Kraken).
  • The price could extend losses if it stays below $0.1280 and $0.1300.

Dogecoin Price Dips Further

Dogecoin price started a fresh decline after it closed below $0.1300, like Bitcoin and Ethereum. DOGE declined below the $0.1280 and $0.1250 support levels.

The price even traded below $0.1220. A low was formed near $0.1198, and the price is now showing bearish signs. It is consolidating below the 23.6% Fib retracement level of the downward move from the $0.1305 swing high to the $0.1198 low.

Dogecoin price is now trading below the $0.1280 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.1235 level. The first major resistance for the bulls could be near the $0.1280 level or the 76.4% Fib retracement level of the downward move from the $0.1305 swing high to the $0.1198 low.

Dogecoin Price

The next major resistance is near the $0.1300 level. There is also a key bearish trend line forming with resistance at $0.1300 on the hourly chart of the DOGE/USD pair. A close above the $0.1300 resistance might send the price toward the $0.1350 resistance. Any more gains might send the price toward the $0.1372 level. The next major stop for the bulls might be $0.1400.

More Losses In DOGE?

If DOGE’s price fails to climb above the $0.1300 level, it could continue to move down. Initial support on the downside is near the $0.1200 level. The next major support is near the $0.1195 level.

The main support sits at $0.1150. If there is a downside break below the $0.1150 support, the price could decline further. In the stated case, the price might slide toward the $0.1050 level or even $0.10 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

Major Support Levels – $0.1280 and $0.1250.

Major Resistance Levels – $0.1340 and $0.1350.

XRP Price Turns Lower as a Familiar Pattern Reappears Again

XRP price failed to gain pace above $1.920 and trimmed gains. The price is now struggling and faces resistance near the $1.820 level.

  • XRP price started a fresh decline below the $1.850 zone.
  • The price is now trading below $1.850 and the 100-hourly Simple Moving Average.
  • There is a bearish trend line forming with resistance at $1.920 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could continue to move down if it settles below $1.780.

XRP Price Dips To New Weekly Lows

XRP price attempted a recovery wave above $1.90 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $1.880 and $1.850.

There was a move below the $1.820 support level. A low was formed at $1.7707, and the price is now showing bearish signs below the 23.6% Fib retracement level of the downward move from the $1.9331 swing high to the $1.7707 low.

The price is now trading below $1.850 and the 100-hourly Simple Moving Average. There is also a bearish trend line forming with resistance at $1.920 on the hourly chart of the XRP/USD pair.

If there is a fresh upward move, the price might face resistance near the $1.810 level. The first major resistance is near the $1.8520 level or the 50% Fib retracement level of the downward move from the $1.9331 swing high to the $1.7707 low. A close above $1.8520 could send the price to $1.880.

XRP Price

The next hurdle sits at $1.920 and the trend line. A clear move above the $1.920 resistance might send the price toward the $1.9650 resistance. Any more gains might send the price toward the $2.00 resistance. The next major hurdle for the bulls might be near $2.050.

More Losses?

If XRP fails to clear the $1.8520 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.780 level. The next major support is near the $1.7620 level.

If there is a downside break and a close below the $1.7620 level, the price might continue to decline toward $1.720. The next major support sits near the $1.70 zone, below which the price could continue lower toward $1.680.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $1.780 and $1.7620.

Major Resistance Levels – $1.8520 and $1.920.

Ethereum Price Sinks Againβ€”Are Bulls Running Out of Defenses?

Ethereum price failed to stay above $2,950 and declined again. ETH is now consolidating and might soon aim to attempt another recovery wave if it clears $2,850.

  • Ethereum started a fresh decline below the $2,920 zone.
  • The price is trading below $2,900 and the 100-hourly Simple Moving Average.
  • There is a connecting bearish trend line forming with resistance at $2,925 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to move down if it settles below the $2,800 zone.

Ethereum Price Faces Renewed Selling Pressure

Ethereum price attempted a fresh increase but struggled above $2,950, like Bitcoin. ETH price dipped below $2,920 and $2,900 to enter a bearish zone.

The bears even pushed the price below $2,820. A low was formed at $2,775 and the price is now consolidating losses well near the 23.6% Fib retracement level of the downward move from the $2,993 swing high to the $2,775 low.

Ethereum price is now trading below $2,870 and the 100-hourly Simple Moving Average. Besides, there is a connecting bearish trend line forming with resistance at $2,925 on the hourly chart of ETH/USD.

If there is another upward move, the price could face resistance near the $2,850 level. The next key resistance is near the $2,880 level and 50% Fib retracement level of the downward move from the $2,993 swing high to the $2,775 low. The first major resistance is near the $2,925 level and the trend line.

Ethereum Price

A clear move above the $2,925 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,080 resistance zone or even $3,120 in the near term.

Downside Continuation In ETH?

If Ethereum fails to clear the $2,850 resistance, it could start a fresh decline. Initial support on the downside is near the $2,800 level. The first major support sits near the $2,775 zone.

A clear move below the $2,775 support might push the price toward the $2,720 support. Any more losses might send the price toward the $2,640 region. The next key support sits at $2,620.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $2,775

Major Resistance Level – $2,880

Bitcoin Price Retests Supportβ€”Is the Market Bracing for Volatility?

Bitcoin price attempted to start a fresh increase but failed at $89,500. BTC is now struggling below $86,500 and might continue to move down.

  • Bitcoin started a fresh decline below the $86,500 zone.
  • The price is trading below $86,500 and the 100 hourly Simple moving average.
  • There was a break below a bullish trend line with support at $87,250 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair might continue to move down if it settles below the $85,000 zone.

Bitcoin Price Dips Again

Bitcoin price attempted a fresh recovery wave above $88,000 and $88,500. BTC tested the $89,500 resistance zone and reacted to the downside. There was a sharp decline below $88,000.

There was a break below a bullish trend line with support at $87,250 on the hourly chart of the BTC/USD pair. The price even spiked below the $85,000 support. However, the bulls were active near the $84,500 zone. A low was formed at $84,421 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $89,437 swing high to the $84,421 low.

Bitcoin is now trading below $87,000 and the 100 hourly Simple moving average. If the bulls remain in action, the price could attempt more gains. Immediate resistance is near the $86,600 level. The first key resistance is near the $87,000 level and the 50% Fib retracement level of the downward move from the $89,437 swing high to the $84,421 low.

Bitcoin Price

The next resistance could be $88,000. A close above the $88,000 resistance might send the price further higher. In the stated case, the price could rise and test the $88,800 resistance. Any more gains might send the price toward the $89,500 level. The next barrier for the bulls could be $90,000 and $90,500.

More Losses In BTC?

If Bitcoin fails to rise above the $87,000 resistance zone, it could start another decline. Immediate support is near the $85,000 level. The first major support is near the $84,500 level.

The next support is now near the $83,200 zone. Any more losses might send the price toward the $82,500 support in the near term. The main support sits at $80,500, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $85,000, followed by $84,500.

Major Resistance Levels – $87,000 and $88,000.

Solana (SOL) Fights to Hold $120β€”Is the Next Move Lower?

Solana failed to settle above $132 and nosedived. SOL price is now consolidating losses below $130 and might decline further below $120.

  • SOL price started a fresh decline below $130 and $128 against the US Dollar.
  • The price is now trading below $128 and the 100-hourly simple moving average.
  • There is a key bearish trend line forming with resistance at $131 on the hourly chart of the SOL/USD pair (data source from Kraken).
  • The price could start a recovery wave if the bulls defend $122 or $120.

Solana Price Dips Again

Solana price failed to remain stable above $132 and started a fresh decline, like Bitcoin and Ethereum. SOL declined below the $130 and $128 support levels.

The price gained bearish momentum below $126. A low was formed at $121, and the price is now consolidating losses. The price recovered a few points and tested the 23.6% Fib retracement level of the downward move from the $134 swing high to the $121 low.

Solana is now trading below $128 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $125 level. The next major resistance is near the $128 level or the 50% Fib retracement level of the downward move from the $134 swing high to the $121 low.

Solana Price

The main resistance could be $130. There is also a key bearish trend line forming with resistance at $131 on the hourly chart of the SOL/USD pair. A successful close above the $132 resistance zone could set the pace for another steady increase. The next key resistance is $140. Any more gains might send the price toward the $145 level.

Another Decline In SOL?

If SOL fails to rise above the $128 resistance, it could continue to move down. Initial support on the downside is near the $122 zone. The first major support is near the $120 level.

A break below the $120 level might send the price toward the $112 support zone. If there is a close below the $112 support, the price could decline toward the $105 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

Major Support Levels – $122 and $120.

Major Resistance Levels – $128 and $131.

XRP Price Weakens Sharplyβ€”Are Bulls Losing the Fight?

XRP price failed to gain pace above $1.950 and trimmed gains. The price is now struggling and faces resistance near the $1.90 level.

  • XRP price started a fresh decline below the $1.90 zone.
  • The price is now trading below $1.880 and the 100-hourly Simple Moving Average.
  • There is a bearish trend line forming with resistance at $1.9350 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could continue to move down if it settles below $1.850.

XRP Price Fails At Resistance

XRP price attempted a recovery wave above $1.920 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $1.90 and $1.880.

There was a move below the $1.8650 support level. A low was formed at $1.8473, and the price is now showing bearish signs below the 23.6% Fib retracement level of the downward move from the $1.9865 swing high to the $1.8437 low.

The price is now trading below $1.90 and the 100-hourly Simple Moving Average. There is also a bearish trend line forming with resistance at $1.9350 on the hourly chart of the XRP/USD pair.

If there is a fresh upward move, the price might face resistance near the $1.880 level. The first major resistance is near the $1.9150 level or the 50% Fib retracement level of the downward move from the $1.9865 swing high to the $1.8437 low. A close above $1.9150 could send the price to $1.9350 and the trend line.

XRP Price

The next hurdle sits at $1.950 and the trend line. A clear move above the $1.950 resistance might send the price toward the $2.00 resistance. Any more gains might send the price toward the $2.020 resistance. The next major hurdle for the bulls might be near $2.080.

More Losses?

If XRP fails to clear the $1.9150 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.850 level. The next major support is near the $1.8320 level.

If there is a downside break and a close below the $1.8320 level, the price might continue to decline toward $1.80. The next major support sits near the $1.7650 zone, below which the price could continue lower toward $1.720.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $1.850 and $1.8320.

Major Resistance Levels – $1.9150 and $1.9350.

Ethereum Price Continues to Slideβ€”Where Is the Next Support?

Ethereum price failed to stay above $3,000 and declined further. ETH is now consolidating and might soon aim to start a recovery wave if it clears $2,880.

  • Ethereum started a fresh decline below the $2,950 zone.
  • The price is trading below $2,900 and the 100-hourly Simple Moving Average.
  • There is a connecting bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to move down if it settles below the $2,800 zone.

Ethereum Price Dips To New Weekly Lows

Ethereum price attempted a fresh increase but struggled above $3,000, like Bitcoin. ETH price dipped below $2,950 and $2,920 to enter a bearish zone.

The bears even pushed the price below $2,850. A low was formed at $2,790 and the price is now consolidating losses well below the 23.6% Fib retracement level of the downward move from the $3,175 swing high to the $2,790 low.

Ethereum price is now trading below $2,900 and the 100-hourly Simple Moving Average. Besides, there is a connecting bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD.

If there is another upward move, the price could face resistance near the $2,880 level. The next key resistance is near the $2,920 level and trend line. The first major resistance is near the $2,980 level and the 50% Fib retracement level of the downward move from the $3,175 swing high to the $2,790 low.

Ethereum Price

A clear move above the $2,980 resistance might send the price toward the $3,030 resistance. An upside break above the $3,030 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,120 resistance zone or even $3,150 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $2,880 resistance, it could start a fresh decline. Initial support on the downside is near the $2,800 level. The first major support sits near the $2,780 zone.

A clear move below the $2,780 support might push the price toward the $2,740 support. Any more losses might send the price toward the $2,625 region. The next key support sits at $2,550.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $2,780

Major Resistance Level – $2,920

Bitcoin Price Rejection Sparks Bearish Pressureβ€”Support Under Threat?

Bitcoin price attempted to start a fresh increase but failed at $90,000. BTC is now consolidating and might struggle to clear the $88,000 zone.

  • Bitcoin started a fresh decline below the $87,000 zone.
  • The price is trading below $87,500 and the 100 hourly Simple moving average.
  • There was a break below a bullish trend line with support at $86,450 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair might continue to move up if it settles above the $87,500 zone.

Bitcoin Price Consolidates Losses

Bitcoin price attempted a fresh surge above $88,000 and $88,500. BTC tested the $90,000 resistance zone and reacted to the downside. There was a sharp decline below $88,000.

There was a break below a bullish trend line with support at $86,450 on the hourly chart of the BTC/USD pair. The price even spiked below the $86,000 support. However, the bulls were active near the $85,250 zone. A low was formed at $85,282 and the price recently started an upside correction. There was a move above the 23.6% Fib retracement level of the downward move from the $90,318 swing high to the $85,282 low.

The bears are active near $87,000. Bitcoin is now trading below $87,000 and the 100 hourly Simple moving average. If the bulls remain in action, the price could attempt more gains. Immediate resistance is near the $86,800 level. The first key resistance is near the $87,350 level.

Bitcoin Price

The next resistance could be $87,800 or the 50% Fib retracement level of the downward move from the $90,318 swing high to the $85,282 low. A close above the $87,800 resistance might send the price further higher. In the stated case, the price could rise and test the $88,000 resistance. Any more gains might send the price toward the $89,200 level. The next barrier for the bulls could be $90,000 and $90,500.

Another Drop In BTC?

If Bitcoin fails to rise above the $87,800 resistance zone, it could start another decline. Immediate support is near the $85,500 level. The first major support is near the $85,250 level.

The next support is now near the $85,000 zone. Any more losses might send the price toward the $84,200 support in the near term. The main support sits at $83,500, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $85,500, followed by $85,000.

Major Resistance Levels – $87,800 and $88,000.

Solana (SOL) Loses Momentumβ€”Could Sellers Take Control Again?

Solana started a recovery wave above the $126 zone. SOL price is now consolidating and faces hurdles near the $132 zone.

  • SOL price started a decent recovery wave above $126 and $128 against the US Dollar.
  • The price is now trading below $130 and the 100-hourly simple moving average.
  • There is a key bearish trend line forming with resistance at $132 on the hourly chart of the SOL/USD pair (data source from Kraken).
  • The price could continue to move up if it clears $130 and $132.

Solana Price Faces Resistance

Solana price remained stable and started a decent recovery wave from $124, like Bitcoin and Ethereum. SOL was able to climb above the $126 level.

There was a move above the 23.6% Fib retracement level of the downward move from the $136 swing high to the $124 low. The bulls even pushed the price above $130. However, the bears remained active near $130. There is also a key bearish trend line forming with resistance at $132 on the hourly chart of the SOL/USD pair

Solana is now trading below $130 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $130 level, the 100-hourly simple moving average, and the 61.8% Fib retracement level of the downward move from the $136 swing high to the $124 low.

Solana Price

The next major resistance is near the $132 level. The main resistance could be $135. A successful close above the $135 resistance zone could set the pace for another steady increase. The next key resistance is $144. Any more gains might send the price toward the $150 level.

Another Decline In SOL?

If SOL fails to rise above the $132 resistance, it could continue to move down. Initial support on the downside is near the $126 zone. The first major support is near the $124 level.

A break below the $124 level might send the price toward the $116 support zone. If there is a close below the $116 support, the price could decline toward the $108 zone in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

Major Support Levels – $126 and $124.

Major Resistance Levels – $130 and $132.

XRP Price Recovery Looks Fragileβ€”Can Bulls Break the Cap?

XRP price started a recovery wave above $1.90. The price is now consolidating and might struggle to clear the $2.00 resistance.

  • XRP price started a recovery wave above the $1.9050 zone.
  • The price is now trading below $2.00 and the 100-hourly Simple Moving Average.
  • There is a bearish trend line forming with resistance at $1.9520 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could continue to move up if it settles above $2.00.

XRP Price Faces Resistance

XRP price remained supported above $1.850 and started a recovery wave, like Bitcoin and Ethereum. The price was able to climb above $1.880 and $1.90 to enter a short-term positive zone.

There was also a move above the 23.6% Fib retracement level of the downward move from the $2.047 swing high to the $1.850 low. The bears defended a close above the $1.950 level and the price reacted to the downside. There is also a bearish trend line forming with resistance at $1.9520 on the hourly chart of the XRP/USD pair.

The price is now trading below $1.950 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.950 level and the trend line. It coincides with the 50% Fib retracement level of the downward move from the $2.047 swing high to the $1.850 low.

XRP Price

The first major resistance is near the $2.00 level. A close above $2.00 could send the price to $2.050. The next hurdle sits at $2.120. A clear move above the $2.120 resistance might send the price toward the $2.20 resistance. Any more gains might send the price toward the $2.220 resistance. The next major hurdle for the bulls might be near $2.250.

Another Drop?

If XRP fails to clear the $2.00 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.90 level. The next major support is near the $1.850 level.

If there is a downside break and a close below the $1.850 level, the price might continue to decline toward $1.820. The next major support sits near the $1.80 zone, below which the price could continue lower toward $1.7650.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.

Major Support Levels – $1.90 and $1.850.

Major Resistance Levels – $1.950 and $2.00.

Ethereum Price Ranges Under $3Kβ€”Is Direction About to Change?

Ethereum price started a fresh decline below $3,000. ETH is now consolidating and might soon aim to start a recovery wave if it clears $3,025.

  • Ethereum started a fresh decline below the $3,050 zone.
  • The price is trading below $3,000 and the 100-hourly Simple Moving Average.
  • There is a connecting bearish trend line forming with resistance at $3,110 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to move down if it settles below the $2,900 zone.

Ethereum Price Starts Consolidation

Ethereum price failed to stay above $3,050 and started a fresh decline, like Bitcoin. ETH price dipped below $3,020 and $3,000 to enter a bearish zone.

The bears even pushed the price below $2,920. A low was formed at $2,875 and the price is now consolidating losses. There was a minor recovery toward the 23.6% Fib retracement level of the downward move from the $3,175 swing high to the $2,875 low.

Ethereum price is now trading below $3,000 and the 100-hourly Simple Moving Average. Besides, there is a connecting bearish trend line forming with resistance at $3,110 on the hourly chart of ETH/USD.

If there is another upward move, the price could face resistance near the $2,975 level. The next key resistance is near the $3,025 level and the 50% Fib retracement level of the downward move from the $3,175 swing high to the $2,875 low. The first major resistance is near the $3,050 level.

Ethereum Price

A clear move above the $3,050 resistance might send the price toward the $3,110 resistance and the trend line. An upside break above the $3,110 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,200 resistance zone or even $3,250 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $3,025 resistance, it could start a fresh decline. Initial support on the downside is near the $2,920 level. The first major support sits near the $2,900 zone.

A clear move below the $2,900 support might push the price toward the $2,840 support. Any more losses might send the price toward the $2,800 region. The next key support sits at $2,765.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now near the 50 zone.

Major Support Level – $2,920

Major Resistance Level – $3,025

Bitcoin Price Regroups After Lossesβ€”Is Directional Break Near?

Bitcoin price declined further and traded below the $87,000 support zone. BTC is now consolidating and might struggle to clear the $89,350 zone.

  • Bitcoin started a fresh decline below the $87,500 zone.
  • The price is trading below $88,000 and the 100 hourly Simple moving average.
  • There is a bearish trend line forming with resistance at $88,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair might continue to move up if it settles above the $89,350 zone.

Bitcoin Price Consolidates Losses

Bitcoin price struggled to stay above the $89,000 and $88,500 levels. BTC started a fresh decline and traded below the $88,000 support.

The price even spiked below the $86,500 support. However, the bulls were active near the $85,000 zone. A low was formed at $85,151 and the price recently started an upside correction. There was a move above the 23.6% Fib retracement level of the downward move from the $93,560 swing high to the $85,151 low.

The bears are active near $89,000. Bitcoin is now trading below $88,000 and the 100 hourly Simple moving average. If the bulls remain in action, the price could attempt more gains. Immediate resistance is near the $88,000 level. The first key resistance is near the $88,500 level. There is also a bearish trend line forming with resistance at $88,500 on the hourly chart of the BTC/USD pair.

Bitcoin Price

The next resistance could be $89,350 or the 50% Fib retracement level of the downward move from the $93,560 swing high to the $85,151 low. A close above the $89,350 resistance might send the price further higher. In the stated case, the price could rise and test the $90,000 resistance. Any more gains might send the price toward the $91,200 level. The next barrier for the bulls could be $92,000 and $92,500.

Another Drop In BTC?

If Bitcoin fails to rise above the $88,500 resistance zone, it could start another decline. Immediate support is near the $87,000 level. The first major support is near the $86,500 level.

The next support is now near the $85,500 zone. Any more losses might send the price toward the $85,000 support in the near term. The main support sits at $83,500, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now near the 50 level.

Major Support Levels – $85,500, followed by $85,500.

Major Resistance Levels – $88,500 and $89,350.

Dogecoin (DOGE) Under Heavy Pressureβ€”Is a Bottom in Sight?

Dogecoin started a fresh decline below the $0.1320 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1350.

  • DOGE price started a fresh decline below the $0.1320 level.
  • The price is trading below the $0.1300 level and the 100-hourly simple moving average.
  • There is a key bearish trend line forming with resistance at $0.1340 on the hourly chart of the DOGE/USD pair (data source from Kraken).
  • The price could extend losses if it stays below $0.1340 and $0.1350.

Dogecoin Price Dips Again

Dogecoin price started a fresh decline after it closed below $0.1380, like Bitcoin and Ethereum. DOGE declined below the $0.1350 and $0.1340 support levels.

The price even traded below $0.130. A low was formed near $0.1266, and the price is now showing bearish signs. It is consolidating below the 23.6% Fib retracement level of the downward move from the $0.1530 swing high to the $0.1266 low.

Dogecoin price is now trading below the $0.1300 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.1325 level. The first major resistance for the bulls could be near the $0.1340 level. There is also a key bearish trend line forming with resistance at $0.1340 on the hourly chart of the DOGE/USD pair.

Dogecoin Price

The next major resistance is near the $0.1400 level and the 50% Fib retracement level of the downward move from the $0.1530 swing high to the $0.1266 low. A close above the $0.1400 resistance might send the price toward the $0.1450 resistance. Any more gains might send the price toward the $0.1500 level. The next major stop for the bulls might be $0.1550.

More Losses In DOGE?

If DOGE’s price fails to climb above the $0.1350 level, it could continue to move down. Initial support on the downside is near the $0.1280 level. The next major support is near the $0.1250 level.

The main support sits at $0.120. If there is a downside break below the $0.120 support, the price could decline further. In the stated case, the price might slide toward the $0.1050 level or even $0.10 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

Major Support Levels – $0.1280 and $0.1250.

Major Resistance Levels – $0.1340 and $0.1350.

XRP Price Suffers Sharp 5% Dropβ€”Is More Pain Ahead?

XRP price started a fresh decline below $1.950. The price is now struggling and faces resistance near the $1.920 resistance level.

  • XRP price started a fresh decline below the $1.950 zone.
  • The price is now trading below $1.90 and the 100-hourly Simple Moving Average.
  • There is a bearish trend line forming with resistance at $1.980 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could continue to move down if it settles below $1.850.

XRP Price Dips Again

XRP price attempted a recovery wave above $2.020 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $2.00 and $1.950.

There was a move below the $1.920 support level. A low was formed at $1.8550, and the price is now showing bearish signs below the 23.6% Fib retracement level of the downward move from the $2.047 swing high to the $1.8550 low.

The price is now trading below $1.90 and the 100-hourly Simple Moving Average. There is also a bearish trend line forming with resistance at $1.980 on the hourly chart of the XRP/USD pair.

If there is a fresh upward move, the price might face resistance near the $1.90 level. The first major resistance is near the $1.920 level. A close above $1.920 could send the price to $1.950 or the 50% Fib retracement level of the downward move from the $2.047 swing high to the $1.8550 low.

XRP Price

The next hurdle sits at $1.980 and the trend line. A clear move above the $1.980 resistance might send the price toward the $2.050 resistance. Any more gains might send the price toward the $2.120 resistance. The next major hurdle for the bulls might be near $2.150.

More Losses?

If XRP fails to clear the $1.90 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.8550 level. The next major support is near the $1.820 level.

If there is a downside break and a close below the $1.820 level, the price might continue to decline toward $1.7650. The next major support sits near the $1.7320 zone, below which the price could continue lower toward $1.7050.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $1.850 and $1.820.

Major Resistance Levels – $1.950 and $1.980.

Ethereum Price Sinks Under $3Kβ€”Is Volatility About to Explode?

Ethereum price started a fresh decline below $3,000. ETH is now consolidating and might soon aim to start a recovery wave above $2,980.

  • Ethereum started a fresh decline from the $3,175 zone.
  • The price is trading below $3,000 and the 100-hourly Simple Moving Average.
  • There is a connecting bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to move down if it settles below the $2,920 zone.

Ethereum Price Dips 5%

Ethereum price failed to stay above $3,150 and started a fresh decline, like Bitcoin. ETH price dipped below $3,120 and $3,050 to enter a bearish zone.

The bears even pushed the price below $3,000. A low was formed at $2,916 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $3,175 swing high to the $2,916 low.

Ethereum price is now trading below $3,000 and the 100-hourly Simple Moving Average. Besides, there is a connecting bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD.

Ethereum Price

If there is another upward move, the price could face resistance near the $2,980 level. The next key resistance is near the $3,050 level and the 50% Fib retracement level of the downward move from the $3,175 swing high to the $2,916 low. The first major resistance is near the $3,080 level. A clear move above the $3,080 resistance might send the price toward the $3,120 resistance. An upside break above the $3,120 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,175 resistance zone or even $3,200 in the near term.

More Losses In ETH?

If Ethereum fails to clear the $2,980 resistance, it could start a fresh decline. Initial support on the downside is near the $2,950 level. The first major support sits near the $2,920 zone.

A clear move below the $2,920 support might push the price toward the $2,880 support. Any more losses might send the price toward the $2,840 region. The next key support sits at $2,800.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $2,920

Major Resistance Level – $3,080

Bitcoin Price Drops 5%β€”Is the Downtrend Back in Control?

Bitcoin price corrected gains and traded below the $88,000 support zone. BTC is now consolidating and might struggle to clear the $88,500 zone.

  • Bitcoin started a fresh decline from the $90,500 zone.
  • The price is trading below $88,000 and the 100 hourly Simple moving average.
  • There is a bearish trend line forming with resistance at $89,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair might continue to move up if it settles above the $85,000 zone.

Bitcoin Price Dips Further

Bitcoin price failed to gain strength for a move above the $90,000 and $90,500 levels. BTC started a fresh decline and traded below the $88,500 support.

The price even spiked below the $87,000 support. However, the bulls were active near the $85,000 zone. A low was formed at $85,151 and the price is consolidating gains below the 23.6% Fib retracement level of the downward move from the $93,560 swing high to the $85,151 low.

Bitcoin is now trading below $88,000 and the 100 hourly Simple moving average. If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $87,150 level. The first key resistance is near the $87,500 level.

Bitcoin Price

The next resistance could be $88,000. A close above the $88,000 resistance might send the price further higher. In the stated case, the price could rise and test the $89,000 resistance. There is also a bearish trend line forming with resistance at $89,000 on the hourly chart of the BTC/USD pair. Any more gains might send the price toward the $90,000 level. The next barrier for the bulls could be $91,000 and $91,500.

Another Decline In BTC?

If Bitcoin fails to rise above the $87,000 resistance zone, it could start another decline. Immediate support is near the $85,500 level. The first major support is near the $85,000 level.

The next support is now near the $83,500 zone. Any more losses might send the price toward the $82,500 support in the near term. The main support sits at $80,000, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $85,500, followed by $85,000.

Major Resistance Levels – $88,000 and $89,000.

Dogecoin (DOGE) Slides Deeper Into Redβ€”Is a Bottom in Sight?

Dogecoin started a fresh decline below the $0.1400 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1400.

  • DOGE price started a fresh decline below the $0.1400 level.
  • The price is trading below the $0.1380 level and the 100-hourly simple moving average.
  • There is a key bearish trend line forming with resistance at $0.1375 on the hourly chart of the DOGE/USD pair (data source from Kraken).
  • The price could extend losses if it stays below $0.1400 and $0.1420.

Dogecoin Price Dips Further

Dogecoin price started a fresh decline after it closed below $0.1420, like Bitcoin and Ethereum. DOGE declined below the $0.1400 and $0.1380 support levels.

The price even traded below $0.1350. A low was formed near $0.1326, and the price recently corrected some losses. There was a minor increase toward the 23.6% Fib retracement level of the downward move from the $0.1530 swing high to the $0.1326 low.

Dogecoin price is now trading below the $0.1400 level and the 100-hourly simple moving average. If there is a recovery wave, immediate resistance on the upside is near the $0.1380 level. There is also a key bearish trend line forming with resistance at $0.1375 on the hourly chart of the DOGE/USD pair.

Dogecoin Price

The first major resistance for the bulls could be near the $0.140 level. The next major resistance is near the $0.1425 level and the 50% Fib retracement level of the downward move from the $0.1530 swing high to the $0.1326 low. A close above the $0.1425 resistance might send the price toward the $0.1450 resistance. Any more gains might send the price toward the $0.1500 level. The next major stop for the bulls might be $0.1550.

Another Decline In DOGE?

If DOGE’s price fails to climb above the $0.140 level, it could continue to move down. Initial support on the downside is near the $0.1340 level. The next major support is near the $0.1325 level.

The main support sits at $0.130. If there is a downside break below the $0.130 support, the price could decline further. In the stated case, the price might slide toward the $0.1250 level or even $0.1240 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

Major Support Levels – $0.1340 and $0.1300.

Major Resistance Levels – $0.1400 and $0.1420.

XRP Price Struggles Near $2.0β€”Breakout Blocked or Pullback Ahead?

XRP price started a fresh decline below $2.00. The price is now struggling and faces resistance near the $2.020 resistance level.

  • XRP price started a fresh decline below the $2.00 zone.
  • The price is now trading below $2.00 and the 100-hourly Simple Moving Average.
  • There is a bearish trend line forming with resistance at $2.020 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could continue to move down if it settles below $1.950.

XRP Price Dips Again

XRP price attempted a recovery wave above $2.120 but failed to continue higher, like Bitcoin and Ethereum. The price started a fresh decline below $2.050 and $2.020.

There was a move below the $2.00 support level. A low was formed at $1.9525, and the price recently started an upside correction. There was a move above the 50% Fib retracement level of the downward move from the $2.047 swing high to the $1.952 low.

However, the bears are active near $2.00 and $2.020. There is also a bearish trend line forming with resistance at $2.020 on the hourly chart of the XRP/USD pair. The price is now trading below $2.00 and the 100-hourly Simple Moving Average.

If there is a fresh upward move, the price might face resistance near the $2.00 level. The first major resistance is near the $2.020 level or the 61.8% Fib retracement level of the downward move from the $2.047 swing high to the $1.952 low.

XRP Price

A close above $2.020 could send the price to $2.050. The next hurdle sits at $2.080. A clear move above the $2.120 resistance might send the price toward the $2.150 resistance. Any more gains might send the price toward the $2.20 resistance. The next major hurdle for the bulls might be near $2.250.

Another Decline?

If XRP fails to clear the $2.020 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.9650 level. The next major support is near the $1.950 level.

If there is a downside break and a close below the $1.950 level, the price might continue to decline toward $1.920. The next major support sits near the $1.880 zone, below which the price could continue lower toward $1.820.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $1.950 and $1.920.

Major Resistance Levels – $2.020 and $2.050.

Ethereum Price Drifts Lowerβ€”Is $3,000 About to Be the Battleground?

Ethereum price started a fresh decline below $3,120. ETH is now consolidating and might soon aim to start a recovery wave above $3,200.

  • Ethereum started a downside correction from the $3,250 zone.
  • The price is trading below $3,200 and the 100-hourly Simple Moving Average.
  • There is a connecting bearish trend line forming with resistance at $3,175 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to move down if it settles below the $3,050 zone.

Ethereum Price Dips Toward Support

Ethereum price failed to stay above $3,180 and started a fresh decline, like Bitcoin. ETH price dipped below $3,150 and $3,120 to enter a short-term bearish zone.

The bears even pushed the price toward $3,000. A low was formed at $3,026 and the price is now attempting to recover some losses. There was a move above the 23.6% Fib retracement level of the downward move from the $3,273 swing high to the $3,026 low.

Ethereum price is now trading below $3,200 and the 100-hourly Simple Moving Average. Besides, there is a connecting bearish trend line forming with resistance at $3,175 on the hourly chart of ETH/USD.

If there is another upward move, the price could face resistance near the $3,150 level or the 50% Fib retracement level of the downward move from the $3,273 swing high to the $3,026 low. The next key resistance is near the $3,180 level and the trend line.

Ethereum Price

The first major resistance is near the $3,200 level. A clear move above the $3,200 resistance might send the price toward the $3,250 resistance. An upside break above the $3,250 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,320 resistance zone or even $3,400 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $3,200 resistance, it could start a fresh decline. Initial support on the downside is near the $3,080 level. The first major support sits near the $3,050 zone.

A clear move below the $3,050 support might push the price toward the $3,020 support. Any more losses might send the price toward the $3,000 region. The next key support sits at $2,940.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $3,080

Major Resistance Level – $3,200

Bitcoin Price Faces Growing Heatβ€”Is Momentum Turning Against Bulls?

Bitcoin price corrected gains and traded below the $90,000 support zone. BTC is now rising and might struggle to clear the $90,500 zone.

  • Bitcoin started a downside correction from the $92,500 zone.
  • The price is trading below $90,000 and the 100 hourly Simple moving average.
  • There is a bearish trend line forming with resistance at $90,650 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair might continue to move up if it settles above the $90,500 zone.

Bitcoin Price Aims Fresh Increase

Bitcoin price failed to gain strength for a move above the $92,000 and $92,500 levels. BTC started a downside correction and traded below the $90,500 support.

The price even spiked below the $88,000 support. However, the bulls were active near the $87,500 zone. A low was formed at $87,582 and the price is moving higher. There was a break above the 23.6% Fib retracement level of the downward move from the $93,561 swing high to the $87,582 low.

Bitcoin is now trading below $90,000 and the 100 hourly Simple moving average. If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $90,000 level. The first key resistance is near the $90,500 level. There is also a bearish trend line forming with resistance at $90,650 on the hourly chart of the BTC/USD pair.

Bitcoin Price

The next resistance could be $92,000. A close above the $92,000 resistance might send the price further higher. In the stated case, the price could rise and test the $92,500 resistance. Any more gains might send the price toward the $93,200 level. The next barrier for the bulls could be $94,000 and $94,500.

Another Decline In BTC?

If Bitcoin fails to rise above the $90,500 resistance zone, it could start another decline. Immediate support is near the $88,550 level. The first major support is near the $88,000 level.

The next support is now near the $87,500 zone. Any more losses might send the price toward the $86,500 support in the near term. The main support sits at $85,000, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $88,550, followed by $88,000.

Major Resistance Levels – $90,000 and $90,500.

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