Secured, XRP Will Explode After This Level Is Reached, Did Solana (SOL) Just Paint Double-Top?
The 50 -day EMA now crossing the 200 -day EMA, Bitcoin has officially printed a golden cross on the daily graphic. It is a conventional bullish signal which frequently signals the start of a longer -term trend reversal. At $ 96,516, Bitcoin is still above significant means of travel and has recovered significant land which was lost during the break from February to March. Although it indicates an underlying force and a change of trend, the golden cross is not a guarantee of sudden sudden price swings.
The current price range, which is close to the point of the start of the beginning of 2025, can in fact serve as structural and psychological resistance. A short -term decline is becoming more and more likely as the asset is consolidated following a strong rally – especially since the RSI approaches exaggerated territory at 69 years. But feeling is not only a question of technical aspects. On May 1, net entries of $ 422 million was transformed into ETF Bitcoin Spot, with the Ibit of Blackrock paving the way with $ 351 million.
This indicates a strong institutional appetite. These types of inputs give Bitcoin a solid base and can protect it from a drop. The ETF ETF activity, on the other hand, was much lower, with a net influx of $ 6.49 million and outings only reported by the Graycale Ethe. Even with the momentum, it would be advantageous to take a break here. The precise range where the latest Bitcoin ventilation started has been reached; The markets stop frequently when they return to these areas.
Resetting the RSI, shaking weak hands and laying the foundations for a possible escape greater than $ 100,000 would all be made by consolidation between $ 94,000 and $ 97,000. In summary, the golden cross indicates that although the macro trend for bitcoin has become optimistic, short -term caution is always necessary.
XRP volatility over
The asset has now arrived at the point of a convergent corner, which is composed of a recently built ascending support trend line and a long -standing descending resistance line after spending months trapped in a descending triangle pattern.
With a current price of around $ 2.19, XRP is sandwiched between an upward trend line that has been protecting bulls since early April and a downward trend that has dominated prices since January.
The vocal pince of manuals which results from this configuration is frequently presented before a strong escape – or a precipitated rupture. The volume has decreased, which is common for assets that approach the top of this type of structure.
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Around 52, the RSI is neutral, indicating that neither the buyers nor the sellers have total control. The indecision and the bobbin of the price pressure are reinforced by the closure of the EMA, the grouping at 50, 100 and 200. XRP would confirm an escape of pattern with a measured movement possible targeting the area from $ 2.70 to $ 3.00 if it breaks above the downstream resistance, which is currently at around $ 2.23 over a strong volume.
A short -term aggressive gain could be possible due to this strong continuation signal. However, a decline to $ 1.98, testing the 200 EMAs and possibly tightening the hands weak before any sustained rise, could result from a rejection at the current levels or the inability to maintain the upward support almost $ 2.17.
Solana in difficult position
When the action of Solana prices begins to look like a classic double high formation, a lowering model that generally precedes inversions, this can give merchants an early alert sign. By currently negotiating at $ 148, Sol is struggling to exceed the level of resistance between $ 150 and $ 152, which corresponds to its previous local summit.
The step is defined for a possible trend reversal when this level is not reached during the second attempt. The convergence of resistance to general costs such as the EMA of 100 days and the EMA still distant are in favor of this downward scenario. The price showed exhaustion following a solid rally from April nearly $ 115, and it is currently down just below these areas.
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Bulls that depend only on the momentum to push higher should be wary of the RSI, which is just under 60 years old and indicates a cooling momentum without being occurred. Another indication of the interest of the decreasing buyer is the volume which begins to decrease as the price approaches resistance. It is more likely that soil drops quickly to the EMA by 50 days almost $ 132 if it is unable to maintain above the support of $ 140, which is the neckline of this possible double peak.
A verified collapse below would allow larger retractions, perhaps up to $ 110, or even $ 120. This arrangement must be closely monitored by investors. Solana looks sensitive to a brief correction even if the global market resists. Before making a strong return, conservative traders could think of derisory or to remember until there is an escape verified above the resistance of $ 152.
