BTC Risks Deeper Slide to $100K, XRP Challenges Corrective Trend
Bitcoin’s recent rally has stalled, displaying bearish signals across weekly and daily charts. The weekly chart shows a failed breakout above a key trendline, coupled with weakening momentum indicated by the MACD and RSI. Daily charts reveal a bearish reversal, confirmed by a three-line break pattern showing three consecutive red bars. This suggests a deeper correction is likely, potentially testing support at $100,000. Resistance levels are $120,000, $122,056, and $123,181; support sits at $11,965, $112,301 (50-day SMA), and $100,000.
XRP is attempting a breakout from a downtrend line, but strong downward momentum from moving averages suggests this might be short-lived. A modest bounce is capped by the 38.2% Fibonacci retracement level. The 5, 10, 50, 100, and 200-hour SMAs all trend south, confirming a downtrend. A close above $3.00 could shift focus to $3.33. Resistance levels are $3.33, $3.65, and $4.00; support sits at $2.72, $2.65, and $2.58.
Ether experienced a significant drop last week, forming a bearish outside week candle. Daily charts show a bearish cross of the 5- and 10-day SMAs, confirming a short-term uptrend break. The three-line break chart shows two consecutive red bricks, reinforcing the bearish trend. Resistance levels are $3,941, $4,000, and $4,100; support sits at $3,355, $3,000, and $2,879.
Solana’s recent pullback is being tested, with bulls defending a key support level at the 61.8% Fibonacci retracement. A potential “golden cross” of the 50- and 200-day SMAs is approaching, which would be a bullish long-term signal. However, the short-term trend remains bearish, with the 5- and 10-day SMAs trending lower. Resistance levels are $175, $187, and $200; support sits at $156, $145, and $126.
