The market is slowly regaining momentum and may soon begin to move forward.
Bitcoin is approaching a critical turning point. After experiencing a strong rally that brought the price close to the recent high of $110,000, it is currently trading around $105,900. The technical chart shows that the price is currently firmly above the 26-day moving average, which has become a key anchor point for maintaining the upward structure. Overall market sentiment remains cautiously optimistic.
Recently, Bitcoin quickly rebounded from a pullback around $104,000, indicating that this area is gradually building into a new effective support. The key technical point to watch next is the 50-day moving average, currently around $98,000. If the 26-day moving average support is lost, this position may become the next major defense line. It is worth noting that the current market trading volume continues to shrink, suggesting that both bulls and bears are hesitant in the short term, and traders may have entered a wait-and-see state, waiting for new directional signals.
From the RSI indicator, it currently sits in the 55 to 60 range, indicating that the market still has some upward momentum, but has not entered a strong zone. In the short term, if Bitcoin can successfully rebound to $110,000, it will open the channel to challenge the historical high. However, the road for the bulls is not easy.
The on-chain order book and liquidation heat map show that a large amount of selling pressure is concentrated above $108,000, which is a key resistance area that bulls urgently need to break through. If this position cannot be effectively breached, the price may stall here and fall into consolidation.
Conversely, if the price falls below the 26-day moving average, it could trigger further declines, with the first support at the 50-day moving average (around $98,000), followed by the key psychological level of $100,000. If this level is breached, leveraged long positions will face liquidation pressure, and the market structure will be reshuffled.
The ultimate decisive point remains at the $110,000 level—this is the gateway to new highs and also the ceiling for the market to return to consolidation. The next few days will be a critical window for Bitcoin to break through resistance and escape the consolidation pattern. Will it be a strong breakthrough, or will it fall short? The market is holding its breath.
If Bitcoin cannot hold above the 26-day moving average, it may quickly drop to the 50-day moving average, or even fall to the psychological level of $100,000. This would disperse leveraged long positions and readjust the market. Regardless, the final bottom line remains at $110,000. If this line is successfully broken, it will trigger a new round of rebounds, but if it falls below, it may lead Bitcoin to drop back into the consolidation range. Everyone is watching Bitcoin's price chart, and the next few days are crucial: will Bitcoin's last chance to touch $110,000 end in a failure or a breakthrough?
XRP may rise.
After a long period of decline and consolidation, XRP has finally released a clear bullish signal. The consecutive gains in the past four trading days have broken the previous silence, catching the market by surprise. Previously, the price had been under pressure from the 200-day EMA and downward trend line for an extended period, and this structure has dominated most of XRP's annual performance. The recent breakthrough may indicate that the turning point of the trend has arrived.
From a technical perspective, XRP has successfully broken through the important level of $2.25, while the RSI indicator also rebounded, reinforcing the sustainability of bullish sentiment. This not only shows the return of buying power but also provides momentum support for subsequent price movements.
Looking back at the trend from the beginning of the year to now, XRP has maintained a gradual upward pattern, establishing solid support multiple times in the $2.10 to $2.20 range. The current upward shift of the price center may lay the foundation for a new round of volatility expansion. If bullish momentum continues, the market is likely to welcome a structural rebound window.
Given that mainstream cryptocurrencies have also begun to stabilize after months of volatility, the four-day rise coinciding with the overall market recovery is quite encouraging. The market's willingness to take on risk seems to be gradually restoring, as evidenced by the slight increase in XRP trading volume.
However, long-term charts also remind us that challenges still lie ahead. The key test for whether the bullish momentum can continue lies at the 50-day and 200-day EMAs, which converge in the $2.50 range and are still below XRP. If XRP gains momentum and breaks through these levels, the path to $2.70 and higher will begin to clear.
However, the current tone has shifted. The most encouraging price movement for XRP in months has been four consecutive days of gains. Whether this is the beginning of a long-term upward trend or just a temporary rebound remains a question. Regardless, this is undoubtedly a delightful sign of recovery for a market that has struggled to find any positive trend indications.
Solana has been taken over.
Solana rebounded from the 50-day moving average, making a strong comeback to the $160 region, catching market observers off guard. In the previous weeks, the market was volatile, and the outlook was unclear, causing many traders to be skeptical of any significant rise. After rebounding from the 50-day moving average, the price briefly broke through the 200-day moving average. The 50-day moving average is a key moving average that has played a crucial dynamic support role in this cycle. It is a critical technical and psychological barrier, and many believe it is the last major obstacle before a long-term upward trend begins.
Solana's current trading price is slightly above $160, gradually approaching the key resistance level of $180 that suppressed the upward trend in May. If this threshold is successfully broken, it will mark the official end of SOL's consolidation phase and establish a technical basis for further upward movement.
From the indicators, the RSI is currently at 53, in a neutral range, indicating that the market has not yet entered an overheating state, which provides space for further price increase. More importantly, trading volume is gradually recovering, suggesting that the current rise is not just a short-term rebound but may have substantial buying support behind it.
Nevertheless, the situation remains cautious. Solana has made multiple attempts to break through previously without success, and if the overall market sentiment weakens again, the current rebound may also quickly falter.
On the positive side: SOL has regained its position above the 200-day moving average, which provides a certain level of technical support. If the buying power can be sustained, a retest of $180 is almost a matter of time. The focus of the market is currently on one question—can Solana maintain its current position and continue to drive bullish expectations? Although the external environment remains challenging, SOL seems to have finally found a breather, at least for now.
