With a 50-day EMA, which now intersects above the 200-day EMA, Bitcoin officially published a gold cross in a daily diagram. This is a classic bull signal, which often signals the beginning of a long -term trend change. In the amount of $ 96,516, Bitcoin still exceeds all significant sliding average and restored the significant basis, which was lost during the breakdown of the February March. Although this indicates the main force and a change in the trend, the golden cross is not a guarantee of sudden sharp fluctuations in prices.
The current price range, which is close to the gap point of the beginning of 2025, can actually serve both structural and psychological resistance. The short -term rollback is becoming more likely, since the assets are consolidated after a strong rally, especially when the RSI approaches are bought at 69 years old. But moods concern not only technical aspects. On May 1, a pure influx of 422 million dollars. The United States was turned into Bitcoin -spot ETFS, and IBIT BlackRock leads from $ 351 million. USA.
This indicates a strong institutional appetite. These types of tributaries give bitcoin a strong base and can protect it from decline. On the other hand, Ethereum ETF activity was much lower, with a clean influx of 6.49 million dollars. The USA, and the outfills were reported only by Ethe Grayscale. It would be useful even with an impulse to take a break here. The exact range in which the last rupture of Bitcoin began was reached again; Markets often stop when they return to these areas.
RSI reset, shaking weak hands and laying the base for a possible breakthrough above $ 100,000 will be achieved by consolidation from $ 94,000 to $ 97,000. Thus, the Golden Cross indicates that although macro-trend for bitcoins becomes bull optimism, short-term caution is still necessary.
XRP volatility
Currently, the asset has arrived at the very end of the converging wedge, which consists of a recently constructed line of support and a long -standing line of resistance after spent months stuck in a descending triangle.
With the current price of about $ 2.19, the XRP is clamped between the growing line of the trend, which protects the bulls from the beginning of April, and the descending trend that has dominated the price action since January.
Protection against the volatility of the textbook, which occurs as a result of this configuration, often comes to a strong breakthrough – or an accelerating gap. The volume decreased, which is a common occurrence for assets that approach the top of this kind of structure.
About 52, RSI neutral, which indicates that neither buyers nor sellers have complete control. The uncertainty and hill of price pressure are enhanced by the close, clustering EMA, clustering at 50, 100 and 200. XRP will confirm the breakthrough of the template with a possible measured movement aimed at the zone of $ 2.70-3.00 US dollars if it exploded above the downward resistance, which is currently about $ 2.23 per strong volume.
Aggressive short -term amplification can be possible as a result of this strong continuation signal. Nevertheless, the rollback to $ 1.98, checking 200 EMA and, possibly, shaking weak hands before any stable upward movement, may be the result of refusal at the current levels or to maintain the upward support of about $ 2.17 of the USA.
Solan in a difficult position
When Solan’s price action begins to resemble a classic formation with a double riding, a bear example, which usually precedes the change, it can give traders an early warning sign. Currently trading in $ 148, SOL is experiencing difficulties in violation of the resistance level from 150 to 152 US dollars, which corresponds to its previous local maximum.
The scene is established on a possible change in the trend, when this level is not reached in the second attempt. The convergence of the resistance of overhead costs, such as the 100-day EMA and the still distance 200-day EMA, advocate this bear scenario. The price showed exhaustion after a strong rally from April minimums of about $ 115, and at present it stops just below these zones.
Bulls that depend exclusively on the impulse in order to advance above should be afraid of RSI, which is a little less than 60 and indicates a cooling impulse without being resold. Another sign of the interest of the buyer is that the volume begins to narrow when the price is approaching resistance. It is more likely that SOL will quickly fall to 50-day EMA about $ 132, if it cannot support support for $ 140, which is a cut of this possible double peak.
A proven collapse below, which would allow more significant repeated data, possibly up to $ 110 or even $ 120. This agreement should be controlled by investors. Solan looks susceptible to a brief correction, although the general market is held. Before making a strong return, conservative traders may think about resisting or holding until there is a confirmed breakthrough above the resistance of $ 152.
