The level of $66,600 is where Bitcoin is currently trading and staying on a crucial support level. Because a decline below it could jeopardize the asset's recent upward momentum, this level is crucial. If Bitcoin is unable to maintain its hold above this level, it could revert to a protracted downward trend, much like the one that occurred earlier this year when it dropped from its peak of $73,000 to $52,000.
In order to preserve the bullish structure that Bitcoin has been striving for, the $66,600 support level is essential according to the current chart. A break below might indicate that buying pressure has significantly decreased, which would cause the price to continue to decline.
The next crucial support level for Bitcoin is the $64,000 range, which it could easily return to if this occurs. The real risk for Bitcoin is that it might return to the $52,000 range, but below that it might find some respite around $60,000. When Bitcoin breaks significant support or resistance levels, it usually moves in big swings. If the $66,600 level does not hold, there could be a steep drop.
Conversely, the $70,000 barrier will be the next obstacle, and Bitcoin's all-time high of $73,000 will follow if buyers intervene and drive the price higher from there. Traders and investors are currently keeping a close eye on the $66,600 level. Bitcoin might reenter a protracted bearish phase and fall to $60,000 or even lower if it is unable to hold support at this level.
XRP's return to a crucial price level that was last observed in July, August and September has caused some serious trouble. At the moment, XRP's price is circling between $0.52 and $0.53, a range from which it had previously had difficulty recovering.
This can indicate a bearish retracement, which could result in a more significant decline in price. The return to this level suggests that XRP, which had just begun to show signs of recovery, may have lost its bullish momentum. The asset is currently under more pressure, and unless the market changes, there is a good chance that XRP will enter a more serious downtrend.
The situation is becoming even more difficult due to the general sentiment of the market and XRP's incapacity to maintain above significant resistance levels. Nevertheless, there are still possible support levels for XRP that might save the day. The 200-day EMA, which is situated just below the current price, is the most prominent. The 200 EMA has historically served as a reliable level of support for a variety of assets, including XRP.
If XRP can stay above this level, it might stop a more significant retracement and give time for consolidation before trying to rise again. A break above the 100 EMA, which is currently acting as resistance, might rekindle the bullish sentiment.
In order to ascertain whether the asset can stabilize or whether a more significant sell-off is imminent, traders must keep a close eye on important levels, particularly the 200 EMA, as XRP is currently in a precarious position.
Shiba Inu is currently hovering close to a crucial trendline support level putting, it on the verge of a major breakdown. Any decline below this trendline could be problematic for the price of SHIB, as it has been crucial to sustaining the asset's growth trajectory. Market sentiment may further deteriorate if there is a steep drop below this trendline. There is a bright side, though.
The 200 EMA is a potent secondary support level that is situated just below the trendline. This could keep SHIB from experiencing a complete price collapse. Shiba Inu is among the many assets for which the 200 EMA has historically shown itself to be a dependable support level. The risk of a significant decline is somewhat reduced as long as the asset is able to maintain its position above this crucial threshold. Shiba Inu has been generally rising, but the momentum has slowed, and these important support levels are now the only thing being watched. Before a possible recovery, there might be some consolidation if the price drops below the trendline but stays above the 200 EMA. However, Shiba Inu may experience a longer decline if both of these thresholds are crossed.
Investors searching for the market's next big move are taking notice of Shiba Inu due to its recent dramatic 40% price increase.
After a protracted period of consolidation the price of SHIB has been rising steadily. It has now entered a crucial phase that could decide whether or not this uptrend continues. According to the chart SHIB is presently exhibiting a definite bullish trend and is in an ascending channel. Currently the price is circling around $0.000018 after steadily rising. One important level to keep an eye on is the resistance at $0.000020.
The price may rise as the uptrend picks up even more vigor if Shiba Inu breaks through this barrier. The next major resistance level which is approximately $0.000025 may be approached by SHIB as a result of this breakout. Support levels at $0.000012 and $0.000015 are critical for preserving the bullish structure on the downside. If these levels are not maintained a retracement may be indicated which could result in a correction.
Shiba Inu however is in a reasonably strong position to continue its rally given the current momentum and the price trending above the 50 EMA 100 EMA and 200 EMA assuming the overall market stays favorable.
Recently Dogecoin saw a huge increase in volume hitting multibillion-dollar levels which might be a precursor to a reversal or continuation of its recovery phase. Indicating that the asset might be encountering short-term resistance at this level, DOGE's price has begun to retrace slightly after rising to a local high of about $0.15.
Even though the asset has retraced the higher volume indicates that there is still a lot of interest in it which could push it higher soon. Following a protracted decline that saw the price of Dogecoin drop sharply from it's all-time highs the cryptocurrency has been in recovery mode.
A potential long-term recovery is suggested by the recent price action and the current volume spike which indicate that investors are returning to the asset. A brief retracement might take place before DOGE resumes its upward trajectory though as it encounters local resistance. One of the most important levels to keep an eye on for DOGE is the immediate resistance at $0.15 where the price is currently stalled. The next target would be around $0.18 where more resistance might appear if DOGE is able to break above this level. On the downside $0.12 which served as resistance prior to the most recent rally is probably where support will be found. Given the higher volume and price movement which suggest renewed interest in the asset DOGE's outlook seems bright overall. The DOGE may continue to rise toward $0.18 if the $0.15 resistance is broken but additional consolidation may be indicated if it is unable to hold above $0.12.
Hopes of a rally toward $3,000 were raised by Ethereum's recent 15% price increase but it looks like the upward momentum has encountered a major obstacle. For ETH the 100 EMA has shown to be a strong resistance level and the assets recovery appears to have stalled at this point.
The price of Ethereum is declining after peaking at $2,820 making it more difficult to predict where it will go next. ETH has had difficulty maintaining its upward momentum as the price chart shows especially while it is stuck in the $2,600–$2,700 range.
A further push toward $3,000 is prevented by the 100 EMA which is still above the price and acting as a strong barrier. Ethereum is having a harder time recovering its bullish structure in the near future if there isn't a clear breakout above this level. A major worry at the moment is the absence of strong support below the current price level.
Since ETH is currently trading near $2,622 there aren't many solid support areas to stop the price from falling any lower. Ethereum's next major support is at $2,400 if it breaks below this the price may decline even more, possibly retracing to $2,200.
With diminishing trading volumes and general market uncertainty the chances of a sustained recovery are dwindling. In the short term Ethereum's $3,000 target might have to wait even though its fundamentals are still solid. ETH traders should watch the crucial support levels for the time being because the price might keep declining and reverse the recent gains.
Dogecoin is creating a stir as it breaches a significant resistance level, suggesting that the meme coin may be about to undergo a change in momentum. DOGE has recently been caught in a double top, a descending pattern that usually indicates bearish price action.
But now that Dogecoin has surpassed the crucial $0.13 threshold, the pattern is no longer valid. In contrast to reverting to its previous bearish cycle, breaking through this top indicates that Dogecoin may be preparing for a long-term uptrend. This break is important because it allows DOGE to rise even higher, particularly if buying pressure keeps increasing. The next significant obstacle may be well into higher price levels, which would give bulls ample opportunity to drive the price higher now that $0.13 has passed.
Since Dogecoin has reversed the script by moving above the double top pattern, which normally indicates weakness, invalidating it is especially crucial. This makes room for a more hopeful scenario in which DOGE keeps growing. Although volatility should always be taken into account, Dogecoin's recent performance suggests that a long-term bull run may be in the cards.
DOGE may target even higher levels if buyers keep buying and drive the price above significant resistance levels. As the breakout continues, however, the move past $0.13 is encouraging for Dogecoin fans for the time being, and there appears to be a good chance for additional gains. In the upcoming days, monitor the market's response to determine whether this rally has genuine enduring strength.
Bitcoin has just ended a long-term declining trendline that started in March 2024 by breaking through a significant resistance level of $66,000. The long-awaited $70,000 mark could be within reach if this breakout starts a long-term price rally. But there is a big worry: the breakout's low volume suggests that bulls are not in a rush to raise the price of Bitcoin.
Technically, it is significant to break above $66,000, but in the absence of significant buyer interest, it is meaningless. The low volume raises the possibility that bulls may lack the momentum necessary to maintain a strong uptrend, endangering the possible rally. This buyer reluctance suggests that there may be obstacles in the way of Bitcoin's push toward $70,000.
The amount of $65,900 is the next immediate support level. The bullish argument for Bitcoin could be further undermined if the price drops back into a consolidation phase if it is unable to maintain above this level. But if Bitcoin is able to maintain its price above $66,000 and draw in more buyers, there may still be a push for the price to rise, perhaps reaching $70,000.
Bitcoin is still at a crucial point right now. The confirmation that bulls are prepared to take over and push prices higher requires a significant spike in volume. If not, this breakthrough might prove to be a false indication, making Bitcoin susceptible to downward pressure.
The price action of XRP has been strengthening recently, indicating that the death cross that has been approaching for several months is not going to occur. When a short-term moving average crosses below a long-term moving average, it is known as a death cross and usually denotes bearish momentum. The performance of XRP lately, though, points to a potential reversal.
The 200-day EMA is a crucial technical level that traders frequently monitor, and it is currently where XRP is finding resistance. As can be seen from the attached chart, XRP is battling this crucial resistance by circling around the $0.55 range. The asset might avoid the death cross if there is a successful break above the 200 EMA and the start of a new uptrend. Another sign of a decision point is the converging EMAs. Should XRP be able to maintain its position above this barrier, new bullish momentum may be generated, which would enable the token to keep rising. Conversely, if XRP is unable to overcome the resistance, it could be forced back downhill, which would raise the possibility that the death cross will occur. XRP's future is now largely dependent on its ability to overcome this significant resistance level.
The asset may be able to avoid the approaching bearish signal and start a long-term uptrend, or the market may experience additional selling pressure in the coming weeks. These developments will be determined by future price movements. For more clarity as to what direction to take, observe the volume and price reactions in the upcoming days.#BinanceTurns7 #WeAreAllSatoshi #BTC☀️ #Xrp🔥🔥 #pepe⚡ $BTC $ETH $BNB
Popular Solana [SOL]-based meme coin Popcat [POPCAT] is making waves in the cryptocurrency landscape with its impressive performance.
However, in the past few days, it has been struggling to gain momentum, experiencing a price correction alongside major cryptocurrencies like Bitcoin [BTC] and Ethereum [ETH].
POPCAT appeared bullish at press time, as it had formed a bullish double-bottom price action pattern on a daily time frame.
After a price surge of over 35% in just three days, POPCAT has returned to its original range, where it has experienced a notable price surge and is on its way to forming a bullish price action pattern.
Based on the historical price momentum, if POPCAT maintains above the $1.1735 level, there is a strong possibility it could soar by 22% to reach the $1.5 level in the coming days.
On the other hand, if it fails to hold this level and closes a daily candle below the $1.1735 level, we may witness a significant price decline.
POPCAT’s bullish outlook is further supported by on-chain analytics firm Coinglass. Notably, its Open Interest increased by 3.9% over the last 24 hours, indicating traders’ growing interest in the memecoin.
As of press time, the major liquidation levels for POPCAT were near $1.168 on the lower side and $1.259 on the upper side, with traders over-leveraged at these levels, according to the Coinglass data.
If the recent market sentiment remains unchanged and POPCAT’s price soars to the $1.259 level, nearly $2.56 million worth of short positions will be liquidated.
Conversely, if the sentiment shifts and the price drops to the $1.168 level, over $4.01 million worth of long positions will be liquidated.
Aleo [ALEO] crypto was in a steady downtrend in the past month. The token has shed 64% in value within three weeks, a worrying sign.
It was even more worrying because Bitcoin [BTC] and the rest of the market have seen some gains in the past month.
The firm bearish conviction and lack of buying pressure meant that ALEO is set to march further southward.
The market structure on the 4-hour chart was firmly bearish. The recent lower high was at $2.85. ALEO would need to climb another 19% before it can breach this level and flip the market structure bullishly in this timeframe.
The steady selling pressure was reflected in the OBV with its downtrend. Even though the rest of the market saw some gains alongside BTC in the past month, ALEO could not manage any substantial increase.
The Awesome Oscillator resolutely stayed below the zero line to indicate downward momentum. Overall, though there was a minor bounce from $2.15, there wasn’t a sign of bullishness behind the token.
In the coming weeks, ALEO would need to break the $5.65 Fibonacci 78.6% retracement level to give an early signal that it might be gearing up for a sustained rally. As things stand, this scenario might not play out.
The $2.4 zone saw a cluster of liquidation levels build up around it in the past 48 hours. The recent price bounce from $2.15 swept this zone.
To the north, the next sizeable magnetic zone is at $2.93. Hence, it is likely that the downtrend continues and Aleo crypto will drop toward the $2.1 level and lower.#BinanceTurns7 #WeAreAllSatoshi #BTC☀️ #aleo $BTC $ETH $BNB
Good news for XRP holders as the price moves higher.
Key Support levels: $0.54
Key Resistance levels: $0.60, $0.68
1. Price Reclaims Key Level
After some hesitation, buyers managed to push XRP back above the 54 cents level, which is now acting as key support again. As long as the price holds above this key level, XRP has a clear way to move higher and challenge the resistance at 60 cents next.
2. Buy Volume Remains Low
Even if buyers managed to score a victory this week, the volume does not show high conviction. Since the price drop in late September, buy volume has been weak. If XRP hopes to challenge the 60 cents level in the future, bulls have to step up.
3. MACD Bullish Cross on Daily
The daily MACD brings good news after a bullish cross. This signals that momentum is shifting to the buy side and could be just the start of a sustained rally. It is still early, but this is promising. A test of the resistance at 60 cents would likely put buyers back in control of the price.
SHIB’s uptrend remains intact which puts bulls in charge of the price action.
Key Support levels: $0.000014
Key Resistance levels: $0.000020
1. SHIB Eyes the Key Resistance
Buyers have been slowly moving SHIB higher and higher after the sharp pullback in early October. They did not yet reach the key resistance at $0.000020, but this is their current target. While the price was rejected there last time, a second attempt could be interpreted as bullish.
2. Uptrend Holding Steady
The price has been making higher lows since mid-September and formed a clear uptrend. As long as this holds, buyers have the upper hand. Another push and the price can quickly reach the key resistance at $0.000020 next.
3. Daily RSI is Bullish
The daily timeframe RSI has been in a beautiful uptrend since August. In late September, when it reached overbought levels at over 80 points, sellers pushed SHIB into a corrective move. Since then, the RSI has held steady above 50 points, putting it on the bullish side. This supports higher price levels in the future.
Ethereum price formed a base above the $2,400 level and started a fresh increase. ETH cleared the $2,450 and $2,500 resistance levels to move into a positive zone, beating Bitcoin.
The bulls even pushed the price above the $2,600 level. A high was formed at $2,650 and the price is now consolidating gains. The price is stable above the 23.6% Fib retracement level of the upward wave from the $2,442 swing low to the $2,650 high.
Ethereum price is now trading above $2,550 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $2,52 on the hourly chart of ETH/USD.
On the upside, the price seems to be facing hurdles near the $2,640 level. The first major resistance is near the $2,650 level. A clear move above the $2,650 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,800 resistance zone in the near term. The next hurdle sits near the $2,880 level or $2,920.
Another Decline In ETH?
If Ethereum fails to clear the $2,650 resistance, it could start another decline. Initial support on the downside is near the $2,600 level. The first major support sits near the $2,520 zone and the trend line or the 61.8% Fib retracement level of the upward wave from the $2,442 swing low to the $2,650 high.
A clear move below the $2,520 support might push the price toward $2,450. Any more losses might send the price toward the $2,400 support level in the near term. The next key support sits at $2,350.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Dogecoin has been consolidation, but there are indications that a possible reversal may be approaching. Investors should pay particular attention to three critical price levels as the asset tries to regain momentum. The $0.116 region where Dogecoin has encountered resistance in the past is the first critical level.
A break above this mark can indicate the beginning of a more forceful upward trend. Also a significant moving average that has been a hurdle for the asset in recent weeks is represented by the orange color at this level. More gains may be possible if DOGE can clearly break above $0.116.
Approximately $0.108, which has functioned as both support and resistance in the past few months, is the second level to keep an eye on. Because it marks the middle of Dogecoin's current trading range, this area is very important. The asset may move toward lower support if this level is not held, but a bounce from here would indicate that bullish momentum is increasing.
The psychological level of $0.100, finally, is still important. This round figure aligns with the chart's black 200-day moving average and serves as a significant psychological barrier. Dogecoin would show strong support and be able to avert further declines if it could maintain its position above $0.100.
In the last 24 hours, XRP has made a little comeback, which might be the start of a longer-term reversal for the asset. This upward momentum is providing traders some hope for a rebound after the last two weeks have seen a period of suppressed price movement. But there are still significant obstacles to overcome.
XRP saw a big decline at the end of September, losing a significant portion of its value in a short amount of time based on the most recent price action. Bearish sentiment was induced by this sell-off, and there has not been enough buying pressure to stop the decline since. As the token attempts to regain traction, the lack of strong support from buyers is concerning. Technically speaking, XRP is attempting to overcome the resistance level at $0.55, which is essential for the asset to keep up its momentum.
A profitable discovery might pave the way for a shift in the direction of the $0.60 range. But XRP might find it difficult to advance past this point in the absence of significant bullish support. If XRP is to avoid further selling pressure and keep the market from being dominated, it must maintain its position above the $0.50 support level.
Price declines are likely to continue if it breaches this level, indicating the possibility of a bearish trend. Although there has been a slight increase, traders should exercise caution because the general mood of the market is still unstable, and XRP does not have the kind of strong buying interest that could support a long-term recovery.
Shiba Inu is getting close to the point where a symmetrical triangle pattern on the chart indicates a big price move may be about to occur. When an asset leaves the triangle's bounds, these patterns have historically suggested that volatility may increase. At this point, SHIB traders are expecting a significant change in momentum.
At present, the price of SHIB is stabilizing within the triangle's narrowing range; typically a strong move in either direction is preceded by this tightening. When assets break out of these patterns, momentum often picks up quickly, potentially leading to a significant price increase. When it comes to SHIB, the asset may see a major upswing in price if it breaks above important resistance levels.
Tokens may target a more significant breakout at the first resistance level, which is approximately $0.000018. Next there is $0.000020 and beyond. SHIB may try to hit higher price levels again, as it did earlier in the year, if the bullish sentiment grows and volume backs the move.
On the negative side, it is important to remember that SHIB may return to the $0.000015 range if it is unable to maintain above support levels. A more substantial decline in value might result if the price does not stay where it is.
XRP price remained stable above the $0.5220 support, unlike Bitcoin and Ethereum. A base was formed and the price started a fresh increase above $0.5350.
There was a test of the $0.5450 resistance before the price dipped back to $0.5240. A low was formed at $0.5239 and the price is again rising. There was an increase within a range and the price climbed above the $0.5320 resistance.
The price cleared the 50% Fib retracement level of the recent decline from the $0.5439 swing high to the $0.5239 low. The price is now trading above $0.5320 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $0.5280 on the hourly chart of the XRP/USD pair.
On the upside, the price might face resistance near the $0.5360 level. It is close to the 61.8% Fib retracement level of the recent decline from the $0.5439 swing high to the $0.5239 low.
The first major resistance is near the $0.5420 level. The next key resistance could be $0.5450. A clear move above the $0.5450 resistance might send the price toward the $0.5500 resistance. Any more gains might send the price toward the $0.5680 resistance or even $0.5750 in the near term. The next major hurdle might be $0.600.
Another Decline?
If XRP fails to clear the $0.5360 resistance zone, it could start another decline. Initial support on the downside is near the $0.5285 level. The next major support is near the $0.5240 level.
If there is a downside break and a close below the $0.5220 level, the price might continue to decline toward the $0.5120 support in the near term. The next major support sits near the $0.5050 zone.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.