Technical Outlook: Can XRP stage a recovery or will the correction deepen?
Technical Outlook: Can XRP stage a recovery or will the correction deepen?
XRP finds itself at a critical point, as it hovers just above the support level at $2.75, a level reinforced by the 100-day exponential moving average (EMA). This price level has so far prevented further losses, but the rejection at the 50-day exponential moving average ($2.94) earlier this week highlights the uphill battle facing the bulls.
#البيتكوين After the correction we had, a model resembling a positive head and shoulders has formed with the RSI crossover approaching on the daily frame 🟢.
- What concerns me is that after the news of the reduction, Bitcoin fell contrary to the markets, which contradicts its expected behavior of rising. I consider this stage to be the last correction wave, and the knowledge is with God before continuing to rise with an initial target of 130K, and I am still optimistic about this season, God willing.
Operation $SOL The last downward wave from 253 to 212 was accompanied by noticeable liquidations of Long positions, which increased selling pressure.
Currently, the significant liquidity below $200 may encourage liquidity hunting before any strong rebound from the strong liquidity levels around $194.
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Urgent: The Japanese company Metaplanet 🇯🇵 purchased an additional 5,419 Bitcoins worth 633 million dollars 💰 🔹 This means their total holdings now stand at 25,555 $BTC BTC#BinanceHODLer0G , valued at over 2.8 billion dollars 🚀
Currency $ASTER is currently around $1.41 and is moving within a short-term downtrend. The price bounced from a strong support area at $1.28 – $1.15. The 50 moving average is close to the price and is applying pressure.
🔵 Positive scenario: If the price breaks the downtrend at $1.65 – $1.73, the targets 🎯 $2.02 – $2.22 – $2.48
🔴 Negative scenario: Breaking support at $1.28 could open the way for levels 🎯 $1.15 – $0.9 – $0.61
📌 Note: It’s best to wait for a candle close above/below the key levels to confirm the movement.
⚠️ Disclaimer: The analysis is for educational purposes only and is not financial advice.
We notice the presence of stacked buying liquidity below $4100, which increases the likelihood of the price being drawn to these areas if selling pressure continues.
The trading volume (Volume Profile) on the right side of the chart shows that the point of control (POC) is currently centered around $4200 and $4300, which is a sensitive area for determining the upcoming trend. $ETH #ETH #Ethereum #Crypto
Update on status #الإيثريوم We identified support for Ether in the previous tweet and the rebound was in millions thanks to God, as we indicated earlier. The decisive decision will be at resistance of $4,550. Breaking through and retesting this level and closing with a daily candle above it will confirm the continuation of the rise to the level of $5,000. $BTC $ETH #البيتكوين #ETHETFsApproved
Tomorrow the distribution 42 for the holders of the currency #BNB This is the ninth distribution this month from the #HODLers program
Mashallah, the currencies we received this month are $SOMI $OPEN $HOLO $LINEA $AVNT $BARD $ZKC $LAYER + #0G The monthly plan has changed from... I sell 50% for $BNB and 50% for $USDT It became as follows I sell 25% for $USDT and keep the remaining 75% in the same currency
Let's see which of them will have the lion's share in the altcoin season #BNBBreaksATH
The tokens of network $BNB are preparing to explode After the launch of platform $ASTER R by Binance founder cz, the platform saw a flow of hundreds of millions due to the low fees on it, Don't forget always $FLOKI which will definitely be part of this momentum as it is the largest real meme coin on the network
Stability in U.S. stock futures as they opened just a moment ago This follows a strong week for the major indices during which the Dow Jones Industrial Average and the S&P 500 reached new record levels.
🚨 Technical analysis for the currency $BTC – Daily frame
🔸 The price is currently around $115,700, moving after a rebound from a strong support area at $107,400. 🔸 The current wave has formed a higher low (HL) and then a rise to approximately $117,900, but it is clear that there is a formation of a lower high (LH), which indicates weakness in buying momentum. 🔸 Main support areas: $111,800 – $107,400 🔸 Strongest resistance: $117,900 – $124,500 🔸 The 50-day moving average is below the price and forms dynamic support, while the 200-day average is still far at around 103k.
🎯 Positive scenario:
In case of breaking $118,000 and stabilizing above it, the expected targets: $120,000/$124500/$129000
⚠️ Negative scenario:
In case the price is rejected from the current area and breaks $111,800, the targets: $110,000/$107,400/$ 103,000
📌 Note: It is better to wait for a daily close with a successful retest before making any decision.
⚠️ Disclaimer: This analysis is for educational purposes only and is not financial advice.