Ethereum It’s like losing it. You may have already seen the recent price action near the $4,000 mark. Unfortunately, Ether has not managed to surpass this mark or even reach it and gain a foothold there.
Ethereum It’s like losing it. You may have already seen the recent price action near the $4,000 mark. Unfortunately, Ether has not managed to surpass this mark or even reach it and gain a foothold there.
Ethereum has been trading in an increasingly tight range. Typically, this pattern indicates a consolidation phase preceding a possible breakout. Here, the important levels to watch out for are approximately $3,900 on the upper side and $3,626 on the lower side.
It has been tested several times recently and immediate support is currently at $3,626. On the contrary, any bullish continuation would require a strong break of the resistance level at $3,900.
Another important factor is volume. The lack of strong buying pressure may be the reason for the lower trading volumes we have seen recently. Since ETH is neither overbought nor oversold and has room to move in either direction, the Relative Strength Index (RSI) is around 65.88.
A further decline towards the 50-day moving average, which currently sits at $3,298, may occur if Ethereum breaks the $3,626 support level. But ETH could return to the $4,000 region and higher if it breaks the $3,900 barrier.
Solana reaches new heights
In fact, Solana has risen towards the $170 threshold and could be actively conquering it in the foreseeable future.
Solana has been moving within a tight range on the daily chart. The green line indicates the $165.84 support area, where the price seems to remain stable after retracing below $170. The blue line at $156.52 and the orange line at $151.66 are support levels important things to pay attention to. Historically, these levels have provided a lot of support.
Alex DovbnyaImmediate support levels are $156.52 and $165.84. If these levels hold, SOL may try to make another push towards $170.
The important resistance level remains $170. Yeah SUN Get over this, it could go higher.
If Solana is able to hold support above $165.84, another attempt to break above $170 may occur. However, a drop towards $150 or lower may be indicated if it closes below $156.52, which would indicate a downward trend.
Long-awaited XRP stability
Lately, XRP has remained remarkably stable, consistently trading at or near $0.52. Let’s examine the graph to see what is causing this stability and what we should watch out for in the future.
XRP has been in a consolidation phase on the daily chart. The market has held the $0.50 support level, indicated by the green line. About $0.55 (orange line) and $0.57 (black line) are the resistance levels to watch out for.
Gamza KhanzadaevAbout $0.50 is the closest support. Strong buying interest is indicated if XRP sustains above this level. The $0.55 and $0.57 levels are important resistance points. If these levels are exceeded, an uptrend could be indicated.
Moving averages offer more information. Acting as support, the 50-day moving average sits below the current price. The 200-day (black line) and 100-day (orange line) moving averages are above the current price level, offering solid resistance levels for the future.
As always, volume is important. Steady trading volumes of late indicate continued interest. With XRP Relative Strength Index (RSI) at 51.89, it is clear that the asset is neither overbought nor oversold, which does not offer much information but shows that things are relatively stable.
XRP may break the $0.55 resistance level if it holds above the $0.50 support level. If the breakout is successful, XRP may rise to $0.57 and higher. But if it falls below $0.50, that could indicate a bearish trend.
