🟠 Bitcoin (BTC)
Current Price: Bitcoin is trading above $106,000, with strong resistance at $108,000.
Technical Direction: Analyses suggest an ascending triangle pattern within an upward channel, which could lead to a breakout towards $120,000 if the current resistance is surpassed.
Support and Resistance: Main support at $100,000, and the next resistance at $110,000.
Forecast: Some analysts expect the price to reach $150,000–$180,000 by the end of 2025, driven by ETF inflows and institutional demand.
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🟣 Ethereum (ETH)
Current Price: Dropped to approximately $2,400 after a strong monthly performance.
Technical Direction: The currency has seen a correction of 4.3%, with the liquidation of long positions worth $205 million.
Technical Indicators: The Relative Strength Index (RSI) is neutral, and the MACD indicates selling, reflecting downward pressure in the short term.
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🔵 Ripple (XRP)
Technical Direction: Elliott Wave analysis indicates a corrective pattern, with the possibility of resuming the upward trend if the current resistance is surpassed.
Watch Levels: Support at $0.50, and resistance at $0.60.
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🟡 Cardano (ADA)
Current Price: Approximately $0.779, after a 60% increase from the lows in April.
Technical Direction: The RSI at 45.18 indicates a neutral state, with a decline in trading volume, which may indicate a slowdown in upward momentum.
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🔴 Pi Network
Current Price: The currency faces resistance at $0.754, a psychological and technical barrier that may hinder further gains.
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📊 Market Summary
Major cryptocurrencies are experiencing mixed technical trends, with Bitcoin continuing to show relative strength compared to Ethereum and other currencies.
Traders are advised to monitor key support and resistance levels, and to use technical indicators such as RSI and MACD to identify suitable entry and exit points.
