As the broader crypto market enters a period of heightened uncertainty, three of the most closely watched digital assets—Bitcoin (BTC), Ethereum (ETH), and Solana (SOL)—are flashing technical signals that suggest a shift in momentum.
Recent price action across the daily charts reveals a consistent theme: all three assets have slipped below key exponential moving averages, with momentum indicators such as the MACD and RSI reflecting growing bearish sentiment.
While short-term rebounds remain possible, the current setup favors caution, especially for bullish traders hoping for a quick recovery. This analysis explores the technical outlook for BTC, ETH, and SOL, highlighting critical support and resistance levels, as well as potential entry and exit points for both long and short strategies.
Bitcoin (BTC) has recently broken below the critical $80,000 mark, underscoring a weakening trend as the daily chart continues to exhibit signs of bearish momentum. After a volatile attempt to hold above $83K, the sharp sell-off drove prices below the 9-day and 20-day EMAs—both of which are now sloping downward. This shift suggests that buyers are currently losing control of the market.
Daily chart for BTC/USDT (Source: TradingView)
The MACD histogram has transitioned from a weak bullish crossover to a loss of momentum, with the latest readings confirming a fading bullish impulse. While earlier sessions showed a mild positive divergence, bears quickly erased those gains, pushing the MACD histogram deeper into negative territory. Meanwhile, the RSI has retreated from neutral levels and is now hovering in a zone that typically signals a lack of buying interest.
Given this setup, immediate resistance looms around the $86,845 and $87,498 levels. Bulls would need to reclaim these levels to regain upward traction. On the flip side, support near $67,850 and $66,668 could be tested if the current bearish pressure persists. A drop toward those zones may offer short-term bounce opportunities, but a failure to hold could accelerate downside movement.
For traders, caution is warranted. Those considering long positions may want to wait for a confirmed bounce above the 9-day EMA with increasing RSI strength and a bullish MACD crossover. Conversely, short positions could be considered if BTC fails to reclaim the $80,000 zone, with targets near the aforementioned support levels.
Solana Faces Strong Resistance as Bearish Trend Continues
Solana (SOL) has been facing downward pressure, with the price now struggling to break past the key resistance zone just above $102. Despite brief intraday recoveries, the overall momentum has shifted decisively in favor of the bears. The daily chart shows that SOL continues to trade below both the 9-day and 20-day exponential moving averages, indicating a sustained bearish phase.
Daily chart for SOL/USDT (Source: TradingView)
The MACD remains in bearish territory and has failed to produce any significant bullish crossover. Momentum remains weak, and the histogram continues to reflect declining buying interest. This is further supported by the RSI, which has remained suppressed in the low-to-mid 30s—an area that signals an overall lack of bullish conviction.
From a structural perspective, immediate resistance lies between $101.68 and $102.1. These levels are acting as a ceiling that SOL must breach before any sustained recovery can occur. On the downside, $99.9 serves as the first level of support, followed by more significant zones at $95.49 and $89.44. A decisive break below $95 could trigger a sharper correction.
Traders looking for long entries should be patient and consider waiting for a breakout above $102 with bullish confirmation across momentum indicators. On the other hand, short trades remain viable as long as the price stays suppressed below the EMAs, with a close below $99 potentially opening the door to lower targets.
Ethereum Slips Below Key Averages as Bearish Pressure Mounts
Ethereum (ETH) continues to face selling pressure, slipping further below its 9-day and 20-day EMAs on the daily chart. The trend is clearly favoring the bears for now, with both moving averages sloping downward—a sign that buyers are not yet stepping in with conviction. ETH’s recent attempt to hold above $1,800 has failed to attract sustained demand, leading to a slide toward the lower $1,500 region.
Daily chart for ETH/USDT (Source: TradingView)
Momentum indicators paint a similar story. While the MACD has shown slight improvement in its histogram, the overall signal remains in bearish territory. The positive divergence seen in recent sessions lacks strength, and until a full crossover occurs, any bounce should be approached with skepticism. The RSI, meanwhile, continues to trend in oversold territory, highlighting ongoing weakness and potential for further downside.
Looking ahead, Ethereum faces strong resistance between $2,056 and $2,081. These levels represent key hurdles for any bullish reversal. However, should the selling persist, the price could revisit previous lows or even approach deeper support zones. The longer ETH remains beneath its key moving averages, the greater the risk of a continued downtrend.
For bullish traders, a breakout above the EMAs with improving RSI and MACD signals would be an ideal entry signal. Short opportunities may arise on failed rallies toward resistance, especially if the price is rejected below the $1,800 zone.
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