XRP to hit key level in 3 days, Dogecoin (DOGE) may lose $0.30, Solana (SOL) just missed

XRP to hit key level in 3 days, Dogecoin (DOGE) may lose $0.30, Solana (SOL) just missed
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Price movement from XRP The pair is currently consolidating within a narrow triangle pattern, and has entered a critical phase. The token, which is currently trading at $2.25, indicates that it will test its 50 EMA in the next few days; This level may determine the token's short-term trajectory. The first line of defense for bulls is the 50 EMA, which is currently trading at around $2.15.

Market strength and buyers' willingness to intervene will be tested if XRP drops to this level. A bounce from the 50 EMA could see it move back towards $2.50, a crucial resistance level that XRP has had difficulty breaking. Beyond that, $2.80, which corresponds to the upper border of the triangle, becomes the next crucial level to watch.

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XRP/USDT chart by TradingView

The downside is that if XRP falls below the 50 EMA, it may move towards the psychological level at $2.00, which is in line with the long-term trend line. A deeper bounce could target the $1.80 level, or even the 100 EMA near $1.63, if this support is broken. Although it appears that neither buyers nor sellers are in control, the RSI is currently centered around the neutral 50 mark.

However, market hesitation indicates low trading volume. A breakout - or breakout - is likely due to a narrowing of the triangle structure, but this lack of momentum may postpone significant price movements. Within three days if so XRP If it continues to move in the same direction, it may reach the 50 EMA.

It will set the tone for its next major move if it recovers or breaks this level. Traders should keep a close eye on the $2.15 support and $2.50 resistance as these levels will likely determine the immediate direction of XRP. As the market prepares for its next big move, patience and wisdom are essential.

Dogecoin needs this level

Dogecoin, which is currently trading at $0.3225, down 5.57% over the past day, is under pressure. With indicators pointing to the possibility of further decline, the price is quickly approaching the crucial support level at $0.30. Given that the 100 EMA at $0.2994 is currently acting as the next important support, the technical chart confirms DOGE's difficulty in maintaining its momentum.

DougThe bank's ability to maintain this support is questionable given the current bearish sentiment and low trading volume, but historically this level has served as a buffer against sudden sell-offs. In case DOGE is unable to recover from the 100 EMA, the price may continue to fall in the direction of the 200 EMA, which is located near $30.

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Before DOGE enters a long-term downtrend, this level is the last line of defense. A break of the 200 EMA likely indicates a change in market sentiment and increased selling pressure. Reclaiming $0.35 is necessary Doug To achieve stability and begin recovery efforts.

If the price breaks above this resistance, it could return to the recent highs of $0.37. However, the chances of a long-term recovery look remote given the current bearish market structure, unless there is a notable revival in buying interest.

Solana fades away

last day, Solana It saw a significant decline, falling by 5.43%, trading at $186. The token's price fell below the 100 EMA at $196, a crucial support level that has historically kept it stable during market downturns. This breakdown signals a change in momentum, and if downward pressure continues to build, things could get worse.

The increasing trading volume raises further concerns because it indicates that selling is accelerating. Higher volume during a decline typically indicates that traders are selling their positions, indicating growing bearish sentiment. If this pattern continues, SOL could face additional downward pressure. Technically, the 200 EMA at $178 is the next important level to watch.

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This is it SolanaThe last bastion before the most dangerous downtrend begins. SOL may be able to retest the $150 level, a crucial psychological support that may attract buyers if it drops below the 200 EMA. But given the market condition and increasing trading volume, it seems possible that this level will be tested soon. SOL will have to recover the $196 mark quickly in order to regain some stability.

At $203 and $216, you should keep an eye on critical resistance levels. Although a sustained move above these levels may indicate a potential recovery, the current momentum is heavily tilted in favor of the bears. Solana's outlook remains poor at the moment unless buyers intervene to protect important support levels.

The key area for determining the symbol's short-term path will be the volume and price action surrounding the 200 EMA, so traders should pay special attention to this. Solana may face a more significant correction if selling pressures continue to increase.



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