Solana (SOL) on the verge of critical decline, Bitcoin (BTC), which watches $ 100,000, XRP: sleeping or ascending?
Some indicators are displayed on the verge of failure. Sol is now the momentum that has lost its strong rally after April, which is exactly the resistance level: 200 mothers costing about $ 162. Bullish and bear trends have traditionally been separated by this level, so the recent rejection raises questions about the future of Altcoin.
Sol pricing shows that he has not been able to maintain his upward trajectory. Purchase pressure seems to descend rapidly, as evidenced by the obvious decomposition of the rising trend line, which retained the rally from the end of March to the present. With the increase in sales volume, the configuration indicates that a more important correction may occur. Technically, the relative strength index or RSI has begun to overcome the over -purchased territory, indicating that the sellers take control and the momentum has decreased.
$ 140 and $ 130 are the immediate support level to keep an eye on. The next crucial zone to keep an eye on is about $ 120, which is a psychological and technical support area if Solana is unable to find a strong offer at these levels. The mood of the market as a whole is also important here. If Ethereum and Bitcoin continue to hesitation or decline, Solana's uncertain situation may quickly deteriorate.
Sol may move further into the correction territory if there is no new purchase interest and a significant volume to reject it back towards the 160 -Dollaris region. Traders and investors should be careful now. If the property is unable to restore a significant level and revive the bullish momentum in the upcoming sessions, Solana's remarkable recovery rally may be at risk that the precipitation will return.
Bitcoin is back
Because its purpose is to reach an enthusiasm for a $ 100,000 milestone, Bitcoin shows fresh strength. Strong technical patterns and the dynamics of the Liquidity Dynamics of the market have supported the recovery of cryptocurrency from the consolidation period. Bitcoin has recently spoiled important moving mediums, such as a 50-day and 100-day mother, turning them into potential support levels.
Despite its recent volatility, buyers restore self -confidence and are willing to push Bitcoin higher, as evidenced by the breakthrough and subsequent significant volume. Even more intriguing is that the thermal card of the liquidation shows the extensive cluster of liquidity located above and below the current price. About $ 96,000 and $ 94,000 have huge liquidation zones.
Between them
This promotes the atmosphere where price changes can occur quickly. When liquidity accumulates at specific price points, it pulls the price in the direction of the liquidation of the traders and the stop losses.
When the bulls can squeeze short positions, Bitcoin saw a significant upward movement with their liquidation clusters. Especially if the $ 96,000 barrier is broken, the current configuration of the market shows an ideal start -up cushion towards the psychological level of $ 100,000. However, caution is crucial. Both up and down price changes can occur quickly due to dense liquidity pockets.
As Bitcoin is fighting through these zones, traders should wait for volatility nails. Bitcoin's market structure and technical data show that the road to $ 100,000 is increasingly obvious. In order to enter the historic new price range, only a few bold moves can be spent on the flagship cryptocurrency if the support levels keep and the liquidity increases slightly above the current price.
XRP is stuck
The next big course of the XRP may be determined in this pivotal moment. A 100-day mother is the main technical level that the XRP currently floats, pointing to life after slow trading and difficulty in gaining momentum. According to the diagram, the XRP has successfully broken the upper limit of the descending wedge, in which it had been stuck for several months.
Between them
Usually bullish, this pattern refers to a possible breakthrough. The level of 100 mothers, a barrier whose XRP has won the days without winning, is a huge obstacle to cryptocurrency. The fact that volume levels have begun to increase shows that traders are preparing for a more important move. The wave of buying pressure can rise sharply above the price of the XRP to the next resistance zone, which is about $ 2.50 if it can maintain a breakthrough over 100 mothers.
On the contrary, if the XRP is unable to overcome this level, it may return to consolidation or even experience a corrective setback with a support level of $ 2.18 and $ 2.00 when entering the market. Due to the current neutrality of the RSI indicator, the XRP has a lot to rise without having to exceed the conditions immediately.
