Market Watch: Key Chart Patterns on BTC, ETH, SOL, and XRP

Here’s a technical breakdown of major cryptocurrencies based on current chart formations across multiple timeframes:

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1. Bitcoin (BTC) – Pennant Formation (1D)

BTC is currently forming a pennant pattern on the daily chart, suggesting price compression before a breakout. This typically signals continuation of the previous trend — in this case, bullish. Traders are closely watching for a breakout above $105K for potential upward momentum toward $110K–$115K.

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2. Ethereum (ETH) – Bull Flag (4H)

ETH shows a classic bull flag structure, indicating a temporary consolidation after a strong upward move. If the price breaks above the upper trendline of the flag, it may resume its rally, with targets near $2,800 and beyond. The current support rests around $2,570.

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3. Solana (SOL) – Symmetrical Triangle (4H)

SOL is developing a symmetrical triangle, which signals indecision and often precedes a sharp move. A breakout above the upper trendline could lead to renewed bullish momentum. Conversely, a breakdown would trigger a retest of the $165–170 range.

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4. XRP – Rising Wedge (1D)

XRP has formed a rising wedge pattern, which historically leans bearish. While the asset is showing higher highs, the narrowing channel suggests weakening momentum. A breakdown below the lower wedge boundary could initiate a correction toward the $2.35–2.40 zone.

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Conclusion:

These formations indicate that the market is coiling up for its next big move. Breakouts or breakdowns from these patterns may offer strong opportunities, especially for swing and futures traders.

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