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$BTC Market Analysis 🚨 Struggling to break above the range highs. As long as it doesn't breakout from here, i don't see a reason to be bullish at the key area on the chart.

$BTC Market Analysis 🚨

Struggling to break above the range highs.

As long as it doesn't breakout from here, i don't see a reason to be bullish at the key area on the chart.

Αποποίηση ευθυνών: Περιλαμβάνει γνώμες τρίτων. Δεν είναι οικονομική συμβουλή. Ενδέχεται να περιλαμβάνει χορηγούμενο περιεχόμενο. Δείτε τους Όρους και προϋποθέσεις.
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Frequently Asked Questions About Cardano (ADA) and Ripple (XRP) Found Answered: Is 1 Dollar a Dream? Ripple's XRP has been showing more strength than Cardano's ADA lately but continues to trade in a bearish range. Although XRP rebounded above $0.5, it remains in a bearish pennant formation, potentially signaling further declines. A Prize Pool Worth 21 Million TL is Awaiting You from BinanceTR! Participating and winning has never been easier. Sign up to BinanceTR from this link and get your first crypto! The initial expectation was that prolonged consolidation could lead to a significant breakout, but the current market environment shows passive behavior and low trading activity from the bulls. This may cause the stagnant trend to continue. The price chart on the long-term time frame reveals that XRP has slipped out of the bullish range and is struggling to regain previous levels. Over-consolidation increased the likelihood of a bearish flag forming, potentially leading to a break below the support level at $0.4. While technical indicators such as the Relative Strength Index (RSI) show no significant change, the Moving Average Convergence/Divergence (MACD) is in a bearish trend with low volume, indicating a lack of bullish momentum. Therefore, the possibility of a pullback or continued consolidation outweighs a bullish scenario. Price movements of Cardano's ADA remained stagnant, causing investors to lose interest. This lack of interest makes it difficult for ADA to regain momentum and reach $1. ADA is consolidating along an ascending trend line at $0.517, just below the 0.5 Fibonacci retracement level. However, the On-Balance Volume (OBV) is in a steep downtrend, which is a potential sign of a continuation of the downtrend. If the bulls remain passive, the price could fall below the trend line, breaking the support below $0.4.
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$XRP $BTC $ETH analysis🚨 Will the rise begin ❓❓ The cryptocurrency market has left behind a very active month. In May, BTC increased by 11 percent, XRP by 3.40 percent and ETH by 24.83 percent. The Spot Ethereum ETF agenda has differentiated #ETH from other cryptocurrencies. BTC, shaken by Mt Gox, the US Fed's interest policy and hacking scandals, failed to break the $ 70,000 resistance. XRP, on the other hand, could not make its investors happy. After all these processes, eyes turned to June. Coinpedia included important details in its chart analysis for XRP, BTC and ETH. One of the altcoins that crypto investors expected the most and were most disappointed with was XRP. XRP could not make the expected rise in its long-standing upward trend. Although the lawsuit process with the #SEC continues, #BTC could not reach $ 1 in the scenario where it reached its all-time high. Coinpedia touched on the inadequacy of XRP in its chart analysis for June. XRP experienced an increase of only 0.25 percent in the past day. The popular altcoin experienced a 3 percent decline and increased volatility last week. XRP, which showed a weak performance compared to other altcoins in May, has lost 15.59 percent in value since the beginning of the year. According to the analysis, #XRP , 50 and 200-day moving averages act as resistance. This makes the rise of XRP difficult. MACD, a technical indicator, is trending flat with the average showing a neutral trend. This creates uncertainty about the future mobility of XRP. If the bulls gain strength, XRP could be seen surpassing the $0.5340 resistance. In this scenario, the $0.60 resistance will play an important role. If the major resistance point at $0.60 is crossed, $0.6575 can be seen. XRP, which is weakening day by day, may test the $ 0.48 support in a possible decline scenario. #XRP may drop to $0.42 in a short time if this support point is broken.
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