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XRP Tests 23.60% Fibonacci Level After Triangle Breakdown In the daily chart, the XRP price action shows a bearish breakdown below the local support trend line. This marks the bearish outcome of a symmetrical triangle pattern. Furthermore, this puts the 23.60% Fibonacci level at $0.5128 at risk. Projecting the possibility of a minor recovery for XRP, the Doji candle found yesterday teases a Morningstar pattern. If a morning star pattern acts as a bullish reversal pattern, XRP price could retest the broken support trend line. Furthermore, the formation of this pattern near the 23.60% Fibonacci support level will increase the chances of a bullish recovery. Technical Indicators: EMA: The increased bearish influence has resulted in a death cross event between the 50-day and 200-day EMA. MACD: The MACD indicator shows a declining trend in the MACD and signal line as the supply pressure grows. Hence, technical indicators oppose the chances of a bullish recovery. Will XRP Price Fall Under $0.50? Based on the Fibonacci retracement tool and the price action analysis, a recovery rally with a broad market bull run will likely challenge the 50% Fibonacci level at $0.6185 or $0.7331. On the flip side, the crucial support remains at the $0.50 psychological mark and $0.45 mark.$XRP
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Celestia (TIA) With a jump of 4.68% in the past 24 hours with a trading volume of $224.301 million, the TIA price has recorded a strong bullish recovery. Moreover, with a market capitalization of $1.934 billion, it has successfully claimed the 46th position. The Moving Average Convergence Divergence (MACD) has displayed a constant red histogram with its averages experiencing a negative sentiment. Moreover, the EMA 50-day acts as a resistance, suggesting that the price may continue losing value this week. If the market favors the bulls, the Clestia price could push its value toward the resistance level of $7.430. Conversely, a negative setback could pull the price toward its crucial support level of $3.925 during the upcoming time.$TIA
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Worldcoin (WLD) Despite dropping 8.24% over the last seven days, the Worldcoin price has displayed a sideways trend. Further, it has added ~19% during the past month. This highlights a long-term bullish sentiment for the altcoin in the market. The Simple Moving Average (SMA) is acting as a resistance to the price chart in the 1D time frame. Moreover, with MACD indicator displays a neutral price trend in the Worldcoin price chart. This suggests uncertainty in future price action. If the bulls regain momentum, the WLD coin price may retest its resistance level of $3.30. On the flip side, if the bears dominate the market, the altcoin may retest its crucial support level of $1.350. $WLD
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Solana (SOL) Apart from the meme coins, the Solana altcoin shows massive upside potential. It has increased by nearly 50% in the last 30 days and is trading at $166. Despite the short-term correction, the altcoin has concluded a lower-high formation in the daily chart and reveals a surge of bullish influence in the sideways trend. Testing the $164 support, the altcoin offers an entry opportunity at a crucial support. If the broader market recovers, the altcoin is likely to surpass the $200 psychological mark. Using the price action level, the next target remains at $235-$250. $SOL
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Dogecoin (DOGE) In the daily chart, the Dogecoin price action reveals a falling-wedge breakout rally gaining momentum. The increased bullish influence has resulted in a golden crossover in the 50-day and 200-day EMA. However, the recent pullback in the altcoin retests the 50% Fibonacci level at $0.1571. With a lower price rejection, the altcoin offers an entry opportunity at comparatively low prices based on the upside potential. Using the Fibonacci retracement tool, the meme coin shows the potential to reach the 100% Fibonacci level at $0.22. Meanwhile, the optimistic target remains at the 1.618 Fibonacci level near the $0.30 psychological mark.$DOGE
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