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XRP holds ground despite weakening momentum XRP price rebounded after retesting its 50-day EMA at $2.28 on Saturday and rose 3.18% the next day. However, on Monday, it declined and remained above the 50-day EMA level until the next day. At the time of writing on Wednesday, it continues to hover above this level. If XRP breaks and closes below its 50-day EMA on a daily basis, it could extend the correction toward its next key support at $2.23. The RSI on the daily chart reads 52, pointing toward its neutral level of 50, indicating fading bullish momentum. If the RSI moves below its neutral level of 50, it would give rise to strong bearish momentum and a sharp fall in XRP prices. The MACD indicator also switches to a bearish crossover on the daily chart on Monday, giving sell signals and indicating weakness. Conversely, if the 50-day EMA holds as support, XRP could trigger a rally to retest its $2.72 resistance level. $XRP
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Ethereum eyes a recovery as it holds strong around the 200-day support Ethereum price has retested and found support around its 200-day Exponential Moving Average (EMA) at around $2,441 since Sunday and hovered around it the next two days. At the time of writing on Wednesday, it continues at around $2,500. If the 200-day EMA remains strong and gains momentum, ETH could extend the rally to retest its key psychological level at $3,000. The RSI on the daily chart reads 69, pointing upward toward its overbought levels of 70, indicating strong bullish momentum. However, caution is warranted due to overbought signals suggesting potential for a pullback. Another possibility is that the RSI remains above its overbought level of 70 and continues its upward trend. On the other hand, if ETH closes below its 200-day EMA at $2,441, it could extend the decline to retest its key psychological level at $2,000. #MerlinTradingCompetition $ETH
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Bitcoin Hits Major Milestone as BTC Price Hits $107K, New ATH Soon?
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is there anyone facing same issue on Binance Word of the day ?? $BNB #BinanceAlphaAlert
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According to Pentoshi, Ethereum (ETH) has reclaimed a significant high time frame support and surpassed its 200-day moving average, signaling renewed bullish momentum. As cited by Pentoshi on Twitter, ETH's price was quickly bought back after a recent dip and with four hours left until the daily close, a short-term move to $2800 appears highly probable. Dips in ETH are currently being viewed as potential buying opportunities for traders, reinforcing a positive near-term outlook for crypto market participants. $ETH
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