Bitcoin has just produced a typical example of market turbulence. After nearly dipping below the $100,000 mark, which is a potential sign of a trend reversal, Bitcoin astonishingly came back, soaring to $105,000 and leaving short sellers uneasy. Bitcoin's chart has looked like a minefield for leveraged traders over the past few trading days. It turned out to be a classic false move, but briefly dipping below the key $100,000 level seemed convincing enough, leading to widespread liquidations. The rapid recovery that followed not only refuted the bearish structure but also showcased the resilience of bulls in the current market cycle. A market characterized by excessive leveraged volatility is marked by such false moves; false behavior is a nightmare for anyone overexposed. The breakout punished short sellers who thought they had the upper hand, while the breakout swept away long positions, leaving both long and short traders astonished.



TradingView's BTC/USDT chart. Technically, Bitcoin's current trading price is slightly below recent resistance levels after reclaiming a local high. So far, there is not much evidence of bearish divergence, but momentum indicators remain hot, with the RSI above 70, which may suggest overbought trading conditions.



Volume levels have dipped slightly, which may indicate temporary exhaustion or just a cooling period before the next move. If Bitcoin can maintain this momentum and stay above $105,000, it could push towards new highs. However, if rejected again at this stage, the likelihood of another trap or whipsaw move remains very high. Essentially, Bitcoin is once again proving why it is the king of uncertainty. While the recent rebound has been impressive, the aftermath of that false move reminds us that the market's goal in the cryptocurrency realm is to hurt as many traders as possible, especially those who become arrogant while using leverage. DOGE is retreating. As the asset consolidates and shows signs of stagnation with volatility disappearing from the charts, Dogecoin is currently caught in a frustrating predicament. After soaring above a key resistance level earlier this month, DOGE has struggled to gain momentum, entering a low-energy corrective phase that is beginning to negatively affect market sentiment.

The price hovers around $0.22, but more concerning than the price is the lack of volatility. Traders seem hesitant as the candlestick structure is forming a descending triangle or wedge. DOGE remains chained in place, but trading volume has significantly decreased, which often foreshadows a big move. The current technical cross of the 26 EMA with mid-term indicators suggests a short-term neutral to bearish stance.


As support, DOGE's current trading price is above the 50 EMA and 100 EMA. However, the market seems to be in wait-and-see mode due to a lack of clear catalysts. Although still at a high level, the RSI is below the overbought area, indicating that there is still some potential bullish sentiment that is insufficient to drive the situation. DOGE is essentially in a holding pattern until it breaks above $0.24 or below $0.21. Traders should monitor volume and EMA compression, as once this slumber ends, DOGE is expected to explode. The only question is: which route will it take? Solana can make a comeback. Solana's pressure is steadily increasing, and an unexpected breakout may be imminent. With a descending wedge pattern forming below the key $170 resistance level, the asset has entered a consolidation phase after a strong rebound at the end of April and early May. Solana is a strong contender for volatility-driven moves due to this structure and its proximity to the 200 EMA.



SOL is currently at a technical pivot point of $167. The price action is almost exactly where the 200 EMA lies, serving as both a magnet and resistance. Historically, this type of setup often precedes a significant breakout, especially when the short-term exponential moving average (such as the 26 EMA) starts to converge with the long-term indicators.

The close crossover between the 26 EMA and 200 EMA strengthens this arrangement. This bullish crossover could be an important technical confirmation of a trend reversal, which often attracts momentum. When combined with a breakout above $170, this signal has the potential to trigger a strong bullish wave that could push Solana towards $190 or higher.

Despite a cooling in trading volume, Solana's RSI remains above 55, indicating there is still growth potential before the asset becomes overbought again. The drop in volume may just be a pause—a moment of indecision before the market chooses its direction.

A clear breakout above this barrier, especially with a surge in volume, could lead to significant gains. Conversely, a rejection could see SOL retesting support in the $155-$160 range. Solana may be preparing to surprise all the onlookers, as the charts currently lean bullish. #Bitcoin #Solana #Dogecoin
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