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Polygon’s price action over the past week has been characterized by a moderate pullback following what initially appeared to be a decisive breakout above the $0.20 level. This dip, rather than signaling weakness, may in fact represent a healthy retracement as the cryptocurrency prepares for a new upward move.  The price structure appears bullish on higher timeframes, especially after POL recently rebounded off the lower boundary of a long-term descending channel. According to a crypto analyst, Polygon could be on the verge of an explosive rally toward the $1 mark. Classic Bullish Divergence Points To Imminent Breakout According to technical analyst MasterAnanda on TradingView, the Polygon ecosystem token (POLUSDT) is currently flashing one of the strongest technical reversal signals in the form of a textbook bullish divergence on the 3-day chart. Price action hit a new low on April 7, 2025, but the Relative Strength Index (RSI) had already bottomed earlier in July 2024 and has since been forming higher lows. Related Reading: Polygon (MATIC) To Come back From The Dead As Ascending Triangle Appears As noted by the analyst, this mismatch between the price and the momentum indicator is a classic signal that the downtrend may be losing steam. The signal is reinforced by the recent increase in volume and the broader bullish recovery observed across the cryptocurrency market. Zooming in on the 3-day chart structure, POLUSDT experienced a notable rebound after reaching its low on April 7. The price climbed steadily to $0.267 by April 22 before encountering resistance. What followed were two successive bearish candlesticks that appeared to trace a measured pullback, likely a retest of the upper boundary of the descending channel. This movement is significant because retests of this nature often precede major breakouts. Keeping this in mind, the analyst predicted a successful bounce from the trendline support, which could start a sustained rally toward $1.  Polygon To $1: Window Of Opportunity Narrowing Analyst MasterAnanda noted that the current price action is merely a calm before a massive move. “The market is giving us one last chance to buy all we want before massive growth,” the analyst said, implying that a strong impulsive wave could be next. The RSI is currently in the mid-40s, and if the bullish setup plays out, a swift move to the 70+ zone could occur. Related Reading: Polygon Price Risks Plunge With 90 Million MATIC Tokens Selling At $0.5 In terms of a price target, the analyst predicted a full recovery above $1 with a specific target of $1.15. This would mark a full recovery for POL holders who have been holding throughout the downturn in 2025. This level corresponds to the 1.618 level on the Fib extension projected from the April 7 low. The Fibonacci extension levels plotted on the chart show other smaller price targets on the way to $1.15. Most notable are the $0.461 and $0.534 regions, representing the 0.5 and 0.618 extension levels, respectively, which could serve as interim consolidation zones. At the time of writing, Polygon is trading at $0.2420. Featured image from Adobe Stock, chart from Tradingview.com

Crypto analyst Cryptokijker has revealed that the Dogecoin price is poised for a breakout amid massive whales’ accumulation. The analyst also revealed the price targets that DOGE could reach following this breakout.  Dogecoin Price Poised For Breakout Above $0.17 In a TradingView post, Cryptokijker predicted that the Dogecoin price is poised for a breakout above $0.1790. The analyst revealed that the targets on this potential breakout are $0.1840 and $0.1920. He noted that the price at this level is showing a neutral-bullish structure after the recent breakout above the Previous Day Low (PDL).  Related Reading: Crypto Analyst Says Dogecoin Is Repeating History – Here’s What Happened The analyst also highlighted a hidden bullish divergence spotted on the Relative Strength Index (RSI), indicating strength beneath the surface. This Dogecoin price prediction comes amid a massive accumulation of DOGE by whales. He noted that smart money has been accumulating heavily within the discount zone between $0.15 and $0.16, which supports this bullish bias.  The analyst observed that the break of structure on the chart signals the start of a markup phase. He further remarked that the volume profile supports the accumulation-to-expansion transition. Meanwhile, the strong support confirmed at the $0.1760 zone aligns with previous discount accumulation, and the momentum building above the PDL suggests that the Dogecoin price could sustain this bullish momentum.  Market participants will also be watching the psychological $0.2 level for the Dogecoin price on this potential breakout. Crypto analyst Ali Martinez revealed that DOGE could rally towards its all-time high (ATH) if it can secure a monthly close above $0.20. The analyst remarked that such a breakout would signal strong bullish momentum and potentially attract increased investor interest.  It is worth mentioning that crypto analyst Master Kenobi also recently predicted that the Dogecoin price could reach a new ATH by June. He stated that the foremost meme coin could hit as high as $0.9 on the rally to a new ATH.  Other Factors That Support A DOGE Breakout Crypto analyst Trader Tardigrade stated that a Dogecoin price breakout is expected soon, which will send the meme coin higher. This came as he noted that DOGE has been moving between different ranges, experiencing both false breakdowns and breakouts. The analyst added that the meme coin has now returned to its current range, setting the stage for a price breakout.  Related Reading: Dogecoin Price Eyes Next Critical Level At $0.18, Is A Break Above $0.25 Possible? In another X post, Trader Tardigrade revealed that the Dogecoin price is forming a diamond above the trendline at around $0.15. Based on this, he affirmed that things are going great for DOGE and urged market participants to wait for the next breakout.  At the time of writing, the Dogecoin price is trading at around $0.17, down over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

In a recent update on X, analyst GemXBT highlighted that Solana (SOL) is moving within a consolidation phase, with the price hovering near the $147 level. The pattern indicates that SOL is coiling up, potentially preparing for a significant move once a breakout occurs. This period of sideways trading isn’t without significance. Historically, such consolidation phases can act as a prelude to sharp breakouts or breakdowns. Traders are now closely watching for volume spikes or candlestick signals that could hint at the next major trend. Current Market Context: Why Solana Consolidation Matters GemXBT emphasized that key support lies below the current price, around the $146 level, which has acted as a crucial buffer, preventing further declines and helping to maintain short-term stability. On the upside, immediate resistance is forming near $150, a level that has previously halted bullish advances. This resistance zone is now being closely monitored, as a breakout above it could trigger a stronger upward push. Related Reading: Solana (SOL) Holding Strong Above $150 — Breakout Zone In Play GemXBT further elaborated on the technical indicators that support SOL’s current consolidation outlook. He noted that the Relative Strength Index (RSI) continues to hover in the neutral zone, reflecting the prevailing market indecision.  This midpoint reading indicates that neither bullish nor bearish momentum is dominant at the moment, which aligns with Solana’s sideways price movement. The lack of an overbought or oversold signal suggests that a breakout in either direction is still on the table, making the coming sessions particularly crucial for confirming the next trend. In addition, GemXBT highlighted that the Moving Average Convergence Divergence (MACD) has recently formed a minor bearish crossover, which could be an early warning sign of building downward pressure. Although the signal isn’t strong enough to confirm a trend reversal yet, it does raise concerns, especially if the $147 support level fails to hold.  The Battle Between Bulls And Bears Based on GemXBT analysis, as Solana continues to consolidate between the $146 and $150 range, the market is at a crucial indecision point. After breaking out of the zone between $146 and $150, the next resistance to watch is the $164 level. If buyers are able to push the price past this barrier, it could pave the way for a rally toward the $211 level and beyond, marking a significant shift in momentum and market sentiment. Related Reading: Solana Price Enters Consolidation Trend Above $130 That Could End In A Breakout However, if bearish pressure intensifies and the $146 support gives way, it might trigger a sharper decline as sellers regain control. In that case, lower support areas such as $137 and $118 would come into play quickly.  With both Solana bulls and bears eyeing these pivotal levels, the next decisive move is likely to set the tone for SOL’s short-term trend. Featured image from Adobe Stock, chart from Tradingview.com

The price of SUI has been on a relentless upward trajectory, defying traditional market warnings as its Relative Strength Index (RSI) enters overbought territory. Typically, an overbought RSI suggests an asset may be due for a pullback, yet SUI continues to surge.  With bullish momentum still strong, key factors such as rising demand, ecosystem developments, or broader market trends could be fueling this resilience. However,  as the RSI hovers in overextended zones, the critical question remains: Can SUI sustain its rally, or is a reversal on the horizon? RSI Hits Extreme Levels As SUI Climbs Higher In a recent post on X, analyst GemXBT highlighted that the SUI chart continues to show a strong bullish structure, marked by consistently higher highs and higher lows, a classic signal of upward momentum. According to the chart, key support zones are holding firm around $2.80 and $3.00, providing a solid base for the price to build upon. Related Reading: SUI Forms Inverse Head And Shoulders – Can Bulls Break Above $2.52? Also, resistance is near the $3.60 level, which could act as a critical barrier for the bulls to overcome. As long as the current structure remains intact and price respects these support zones, SUI’s upward trend may still have room to run, especially if it manages to break through the $3.60 resistance with strong volume. However, GemXBT also pointed out that the RSI is currently flashing overbought conditions, which typically signals that the asset may be nearing a short-term top. While the overall trend remains bullish, this indicator suggests that a potential pullback or period of consolidation could be on the horizon.  The analyst added that although buying pressure remains strong and momentum is clearly in favor of the bulls, traders should proceed with caution. Overbought signals often precede cooling phases, especially if volume begins to taper off or price struggles to break above resistance.  Watching The Pullback: Where Bulls Might Reload Analyst GemXBT identified the $3.00 and $2.80 levels as critical support areas to watch. These zones have acted as solid demand regions in the past and may once again serve as springboards if prices dip from current highs. A controlled pullback into these levels, especially if accompanied by decreasing volume, would suggest profit-taking rather than panic selling—a positive sign for bulls aiming to push higher. Related Reading: SUI Poised For Price Rally? Ascending Channel Suggests Move Toward $2.50 If buying pressure returns around these support zones and the price structure of higher highs and higher lows remains intact, SUI could be setting up for a renewed breakout. The next major hurdle remains near $3.60, and reclaiming that level would open the door for a broader upside run. Featured image from Medium, chart from Tradingview.com

Dogecoin has just made a noteworthy move on the charts, breaking out from a bullish formation that had traders watching closely for signs of a trend shift. After consolidating within a tightening range, the price pushed past a key resistance zone. This breakout is generating excitement across the market, with analysts pointing to the potential for further upside if buying pressure continues to build. However, with critical levels now in play, the spotlight turns to whether the bulls can sustain this momentum and defend the breakout zone. A strong follow-through could pave the way for DOGE to target higher resistance levels and kick off a broader uptrend. Make-Or-Break Moment For Dogecoin In a recent tweet on X, popular analyst Whales_Crypto_Trading highlighted that Dogecoin has successfully completed a classic cup and handle pattern, a formation often associated with bullish continuation. According to the post, DOGE has now approached a critical resistance zone, which previously acted as a barrier to upward momentum. Related Reading: Can Dogecoin Realistically Reach $3? Analyst Weighs In This area is crucial since a breakout above it could validate the pattern and trigger a fresh wave of buying interest, potentially propelling the price toward new short-term highs. As Dogecoin hovers around this pivotal level, speculations are whether DOGE has enough momentum to push through and confirm the breakout. He further noted that if the breakout holds and momentum builds, Dogecoin might be on track to target key price levels at $0.50, $0.73, and eventually the $1.00 milestone. These levels align with historical resistance zones where DOGE has faced selling pressure in the past. A sustained move toward these targets would reinforce the bullish pattern and mark a significant recovery from its recent consolidation phase.  Technicals Point North: Key Indicators Flash Green Looking at the technical indicators, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are signaling positive momentum for Dogecoin, suggesting that the recent bullish breakout could have room to run. Related Reading: Dogecoin Price Squeezes Into Triangle With Breakout Closing In The RSI has risen past the 50 mark and is currently near 63, indicating that Dogecoin is in the positive zone with increasing buying pressure and healthy upward momentum. This shift in market sentiment supports the likelihood of more gains.  Meanwhile, the MACD is also showing bullish signs, with the MACD line above the signal line and the histogram widening. The divergence between the MACD and signal line reinforces the potential for sustained buying pressure and further upside for Dogecoin. Both indicators are aligning, reinforcing the idea that Dogecoin’s breakout is not just a short-term spike but a signal for a sustained rally. With strong momentum from these indicators, the path looks clear for DOGE to challenge higher resistance levels, and a potential retest of $0.50, $0.73, or even $1.00 may be on the horizon. Featured image from Unsplash, chart from Tradingview.com

PEPE is flexing its technical strength after successfully flipping the key 50 Exponential Moving Average (EMA) into support, a move that has caught the attention of bullish traders. Following a solid close above this crucial level, the meme coin is now showing signs of sustained momentum, suggesting that bulls may be gearing up for the next upward move.  The price action reflects renewed confidence in PEPE’s short-term structure, with buyers defending the breakout and positioning for further upside. As the broader market steadies, PEPE’s resilience could mark the beginning of a fresh rally. PEPE Breakout Potential Grows With Structure Intact In a recent update shared on X, UniChartz highlighted that PEPE has successfully closed above the 50-day EMA, following a decisive reclaim of a key resistance zone that previously served as solid support. This move is a notable technical development, as it signals growing bullish momentum and hints at a possible trend reversal taking shape. Related Reading: PEPE Price To Bounce 796% To New All-Time Highs In 2025? Here’s What The Chart Says The breakout above the 50 EMA is often viewed by traders as a shift in market sentiment, marking a transition from bearish pressure to potential upward continuation. With this zone now acting as support once again, PEPE appears to be regaining traction. If buyers continue to defend this level and volume increases, it could open the door for further upside in the near term. He also noted that the Relative Strength Index (RSI) is on the rise and currently hovers around the 63 mark, reflecting growing buying momentum but not yet overbought. This positioning suggests that buyers are gaining control, with room for more growth before any major correction pressure sets in.  In conclusion, he emphasized that if PEPE continues to hold above the recently reclaimed zone and maintains its position above the 50-day EMA, it will trigger a sustained upward move toward previous highs. This stable footing would likely reinforce bullish confidence in the market. Bullish Continuation On The Horizon PEPE’s recent price action is sending strong signals that a bullish continuation may be taking shape. With the price holding firm above a key support zone and the 50 EMA acting as dynamic support, the meme coin’s future outlook seems promising. Momentum indicators like the RSI have risen, showing growing buyer interest without overextension. Related Reading: Analyst Says PEPE Price Must Break This Resistance Level For 150% Surge Toward ATHs If PEPE maintains its grip on the current support and buying volume picks up, the stage could be set for an upswing with a potential retest of the $0.00001152 resistance level. A decisive break above this barrier may open the door for further gains, with the next key target lying around $0.00001313. Featured image from Adobe Stock, chart from Tradingview.com

After months of bullish momentum that pushed the Bitcoin price to an all-time high of over $109,000 earlier this year, analysts are now debating whether that surge marked the official market top. Strengthening this argument, a confluence of technical indicators suggests the market cycle may have already peaked—most notably, the behavior of the Market Value to Real Value (MVRV) Z-Score reinforces this view.  MVRV Z-Score Shows Bitcoin Price Has Topped A new technical analysis by crypto analyst Tony Severino, which combines MVRV Z-Score and monthly Relative Strength Index (RSI), is flashing warning signs that Bitcoin‘s market top may already be in.  Related Reading: Bitcoin Price Bullish Confirmation: What Needs To Happen For Next Leg Up To $130,000 Looking at the logarithmic price chart, Bitcoin’s MVRV Z-Score has broken below a long-standing uptrend support line. This pattern is significant, as the Z-Score has always respected the uptrend support lines during bull markets, with similar breaks only emerging after Bitcoin reaches an official market top. Notably, this isn’t the first time Bitcoin has displayed such a trend behavior. Similar support line breaks occurred before BTC’s market peaks during the 2017 and 2021 bull cycles. The bearish argument that Bitcoin may have already reached a price peak is further strengthened by the visual correlation between the Z-Score and Bitcoin’s monthly RSI, which is shown by a black line on the chart.  In past cycles, Bitcoin’s RSI fell below 70 twice, indicating fading momentum and weakening price action. Historically, such moves below the 70 level occur shortly after price tops, not before.  Even more compelling, the RSI-based Moving Average (MA), highlighted by the orange line on the chart, is now curling downwards. This subtle but strong signal has only appeared in past cycles after the market has already topped, serving as a confirmation rather than a prediction.  Taken together, these technical indicators and historical trends strongly suggest that Bitcoin’s $109,000 peak may have marked the top of this market cycle. In line with previous post-top bull market behavior, Bitcoin could now be on the verge of entering a prolonged bear market. This bearish outlook is reinforced by recent steep price corrections, reduced investor confidence, and a clear shift in market sentiment toward caution and uncertainty.  Bulls Attempt To Reverse Bitcoin Bearish Outlook In another of his most recent analyses of Bitcoin, Severino revealed that bulls appear to be pushing for a price recovery. The analyst acknowledged that his previously dominant bearish narrative of Bitcoin may soon see a significant shift if bulls can sustain momentum into April’s monthly close.  Related Reading: Is The Bitcoin Open Interest Too High Or Can The BTC Price Still Rally? According to the presented chart, Bitcoin is now testing a key area of interest while simultaneously showing early bullish signs of reversing the bearish crossover on the monthly long-term Moving Average Convergence Divergence (MACD). Adding to the intrigue, the possible formation of a Morning Star candlestick pattern reinforces the possibility of a bullish reversal for Bitcoin.  Notably, similar chart setups occurred in 2022 and mid-2023, both of which marked major turning points for Bitcoin’s long-term outlook. If the cryptocurrency manages to close April with a complete Morning Star pattern, it could force a reevaluation of bearish expectations. Featured image from Adobe Stock, chart from Tradingview.com

Bitcoin (BTC) posted modest gains earlier today, trading above $87,000 for the first time since April 1. Crypto analysts now suggest that BTC may be on the verge of a sustained rally, as several key indicators are flashing bullish signals. Bitcoin Rally Ahead? These Indicators Say Yes According to a CryptoQuant Quicktake post published today, BTC is showing multiple short-term bullish signals, fuelling optimism that a breakout above $90,000 could be imminent. Related Reading: Bitcoin Undervalued? Analyst Breaks Down Bullish On-Chain Metrics In their analysis, CryptoQuant contributor EgyHash highlighted two key indicators that hint at bullish reversal for the apex cryptocurrency. First, the contributor outlined BTC’s Exchange Inflow metric. EgyHash noted that exchange inflows – the amount of BTC being deposited into exchanges – have dropped significantly in recent months. Since peaking at 120,000 in November 2024, the metric has seen a sharp decline, suggesting that holders are choosing not to move their BTC to exchanges, thereby potentially reducing sell pressure. The chart below shows a consistent drop in exchange inflows since November 2024, despite BTC’s price gains in December 2024 and January 2025. As of now, exchange inflows sit around 9,300. In addition, EgyHash pointed out that Bitcoin’s open interest has surged by $6 billion over the past two weeks. This rise has been accompanied by a positive shift in funding rates, signalling a bullish market outlook. To explain, a rise in open interest shows that more money is flowing into BTC futures or perpetual contracts, indicating increased trader participation and confidence. Similarly, positive funding rates suggest that long positions – bets on BTC price going up – are dominant, and traders are willing to pay a premium to hold these positions. That said, there is some caution to be considered here. If the BTC derivatives market becomes too leveraged, then it may increase the risk of a sharp price correction due to mass liquidations.  BTC Breaks Multi-Month Downtrend In a separate X post, crypto analyst Rekt Capital brought attention to BTC breaking out of a falling wedge pattern on the daily chart. Typically, a breakout from the falling wedge pattern indicates a bullish reversal, hinting that the asset’s price may rise after a period of downward consolidation. Related Reading: Bitcoin Buy Signal Confirmed? Analysts Highlight Key Reversal Zone In Play Simultaneously, BTC’s Relative Strength Index (RSI) is approaching the 60 level, indicating renewed buying strength. That said, if RSI nears 60 but fails to push higher, it could also point to weakening momentum and a potential bull trap. Further, BTC’s futures sentiment index is showing signs of warning as the metric has been on a prolonged decline since February 2025. At press time, BTC trades at $87,386, up 3.4% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com

XRP recent surge appears to be entering a cooling phase as the price edges lower to the $1.97 level, an area acting as a pivotal support. After a strong upward move fueled by improved market sentiment, the current pullback signals a potential pause rather than a full reversal.  The $1.97 zone now stands as a critical support level, previously acting as resistance during XRP’s recent climb. If buyers step in with strength and volume begins to rise, this dip could prove to be a strategic entry point for those eyeing the next breakout. Key Support Holds At $1.97 – Is XRP Building A Base? XRP’s pullback to the $1.97 level has brought attention to the critical support zone that may serve as a foundation for the next leg up. Despite broader market fluctuations, price action has shown resilience around this area, with buyers stepping in to defend the level. Historically, $1.97 has acted as a pivotal point during previous rallies and corrections, increasing its significance as a potential accumulation zone. Related Reading: XRP Price Pulls Back: Healthy Correction or Start of a Fresh Downtrend? The Moving Average Convergence Divergence (MACD) indicator is beginning to flash early signs of a potential bullish reversal for XRP. After the recent dip to $1.97, the MACD line is showing signs of converging toward the signal line, hinting that bearish momentum may be losing steam. This subtle shift often precedes a reversal and suggests that buyers are gradually regaining control. Should the MACD complete a bullish crossover, where the MACD line crosses above the signal line, it will reinforce the argument for a rebound. When paired with XRP’s position above key support, such a signal could confirm that market sentiment is tilting in favor of the bulls. A strengthening MACD histogram, reflecting diminishing downside pressure, would further validate this shift and add weight to the case for an upward move in the coming sessions. Bulls On Standby: What Needs To Happen For A Breakout Several key conditions must be met before momentum shifts decisively in the bulls’ favor as XRP’s price action nears the $1.97 support zone. First, XRP needs to firmly establish $1.97 as a solid base, with multiple successful defenses of this level reinforcing buyer confidence. A rebound from this zone would signal underlying strength and provide the first step toward an upside breakout. Related Reading: XRP Must Break Above $3 To Invalidate Bearish Pattern And Flip Bullish – Analyst Secondly, volume needs to step in. A breakout without a noticeable increase in trading volume risks being a false move. Sustained buying pressure would confirm that market participants are positioned for a trend reversal. Additionally, a decisive break above nearby resistance levels such as $2.25 or higher would invalidate the current consolidation phase and open the door for further gains. Lastly, indicators like the RSI and MACD must align with the bullish narrative. A rising RSI, without entering overbought territory, and a bullish MACD crossover would solidify the technical foundation for an upward move. Featured image from iStock, chart from Tradingview.com

Ethereum might be on track to facing renewed pressure, according to an interesting technical outlook. Despite short bursts of recovery attempts, the broader market structure is still trying to flip in favor of bulls, but price movement shows that the bears are still in control. Notably, a recent technical analysis posted by crypto analyst Youriverse on the TradingView platform highlights a potential sharp drop in the price of Ethereum towards $1,400 if the current downward trend continues. Strong Rejection From Key Fibonacci Zone Hints At Persistent Resistance Technical analysis shows that the Ethereum price chart is currently characterized by a noticeable Fair Value Gap (FVG) on the 4-hour timeframe. This interesting gap was left behind after a steep 10% drop last Sunday, marking a strong area of seller dominance. Related Reading: Ethereum Price Looks Set To Crash To $1,000-$1,500, But Can It Fill The CME Gaps Upwards To $3,933 This gap represents a zone of clear imbalance where selling activity outweighs buying pressure and has influenced Ethereum’s price action throughout the past seven days. Earlier last week, Ethereum retraced into this gap, reaching the midpoint, but was met with swift rejection. This swift rejection showed the intense selling pressure present within this Fair Value Gap.  Interestingly, the Ethereum price has returned to this Fair Value Gap again, and another rejection here could send it back to a bottom below $1,400. Furthermore, Ethereum is trading within an area identified as the “golden pocket” of the Fibonacci extension indicator, which is drawn from the $1,383 bottom on April 9. Unless price action breaks decisively above this level and heads toward the next Fib level of 0.786 at $1,724, there is still a risk of a significant rejection that could lead to further downside below $1,400. Stochastic RSI Weakness Suggests Possible Downturn Ahead For Ethereum In addition to the Fair Value Gap and Ethereum’s struggle within the golden pocket of the Fibonacci retracement zone, the Stochastic RSI is now introducing another layer of bearish pressure to the current outlook. This momentum oscillator, which measures the relative strength of recent price movements, is approaching the overbought region on the daily timeframe.  Related Reading: Ethereum Pain Is Far From Over: Why A Massive Drop To $1,400 Could Rock The Underperformer Ethereum’s approach of overbought zone with the Stochastic RSI is due to inflows that have pushed the crypto’s price from the $1,383 bottom on April 9. Now that the Stochastic RSI is moving into the overbought zone, it adds to the bearish outlook that it could reject at the Fair Value Gap and start a new downside correction very soon.  So far, the Ethereum price was rejected at $1,650 in the past 24 hours, which further supports the bearish continuation thesis. If the selling pressure builds again, as suggested by both the weakening RSI and persistent resistance at the Fair Value Gap, the analyst warns of a breakdown that could drag the price to as low as $1,400, or even lower. At the time of writing, Ethereum is trading at $1,627. Featured image from Unsplash, chart from Tradingview.com

Crypto analyst El Crypto has raised the possibility of an altcoin season happening soon. The analyst alluded to Bitcoin’s dominance rising to a major rejection zone, which could be bullish for altcoins.  Altcoin Season May Be Imminent As Dominance Hits Major Rejection Zone In an X post, El Crypto suggested that the altcoin season may be imminent as Bitcoin’s dominance hits a major resistance zone. He revealed that BTC’s dominance again touched a zone that has led to rejection every time in the last one and a half years. He added that the Stochastic Relative Strength Index (RSI) is also in the overbought area, while a bearish cross has now happened again.  Related Reading: Waiting For An Altcoin Season? Analyst Says A Weekly Close Above This Level Would Trigger A Rally Based on this, the analyst remarked that the market looks to be in for some fun, hinting at an altcoin season. Crypto analyst CryptoElites also affirmed that Bitcoin’s dominance has reached its peak. He further affirmed that next up is a massive altcoin rally, which will usher in the alt season.  In another X post, the crypto analyst alluded to the USDT and USDC dominance ratio. He claimed that the market was at a critical trend reaction point right now. CryptoElites then mentioned that if the stablecoins’ dominance breaks down, then the altcoin season will officially begin.  Crypto analyst Kevin Capital also looked to provide a bullish outlook towards the altcoin season. In an X post, he highlighted the global liquidity index overlaid with the Dogecoin price. In line with this, he remarked that it might be time for market participants to start paying attention to this.  So far, altcoins have been mirroring Bitcoin’s price action, suffering a similar downtrend amid the trade war. However, if the altcoin season were to kick into full gear, these altcoins could easily decouple from the flagship crypto and outperform. Ethereum is known to lead this altcoin season, but that may not be the case this time, as ETH has underperformed throughout this cycle.  Still Bitcoin Season For Now Blockchain Center data shows that it is still Bitcoin season for now, as the flagship crypto continues to outperform most altcoins. In the past 90 days, only seven out of the top 50 coins have outperformed the flagship crypto. These coins include Mantra, GateToken, Monero, LEO, Tron, and FastToken.  Related Reading: Altcoin Season: Crypto Expert Reveals Why $425 Billion Is Important For it to be altcoin season, 75% of the top 50 coins would need to outperform Bitcoin over the last 90 days. Although almost all coins have witnessed declines within this timeframe, BTC has suffered a 22% drop, which is less than what these altcoins have seen during this period.  At the time of writing, the Bitcoin price is trading at around $80,900, down over 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

Toncoin (TON) is starting to make waves again, showing signs of renewed strength after successfully breaking out of a long-standing descending channel on the daily chart. This breakout marks a pivotal moment for the token, potentially signaling the end of the recent downtrend and hinting at the early stages of a fresh uptrend. As the crypto market shows signs of renewed vigor, Toncoin appears to be positioning itself as one of the standout performers of this emerging cycle. Whether this breakout marks the beginning of a sustained uptrend or faces temporary headwinds will depend on both technical follow-through and broader market sentiment. A Potential Uptrend In The Making According to Profit Demon in a recent post on X, Toncoin is demonstrating significant strength by staying above the descending channel on its daily chart. This technical formation is crucial as it signals a shift in market dynamics after a period of weakness and decline. Related Reading: Toncoin Takes A Hit With 12% Correction After Failing To Break $4.34, More Pain? Profit Demon noted that TON had previously faced a sharp correction. However, the latest price action indicates a recovery, with Toncoin finding solid support at a key level. This level now serves as a critical foundation, offering the potential for a new upward move. He further emphasized that if the bullish momentum continues to grow, TON could target several key resistance levels. With the current market sentiment favoring a recovery, Toncoin’s price may rise toward the $4.10 level. A successful breakout above this mark would solidify the bullish trend, propelling it to the $4.90 and $5.60 marks. Can Toncoin Sustain Current Trends and Trigger A Rally? For TON to sustain its rally, the Relative Strength Index (RSI) plays a key role. The RSI should stay within the optimal range of 40 to 70, avoiding overbought conditions above 70. If the RSI remains above 50 and outside overbought territory, Toncoin will have room for further appreciation. A breakout above key resistance levels while keeping the RSI in this range would strengthen the bullish case. Related Reading: Is Toncoin Set for a Comeback? Key Market Signals Point to a Possible Rebound The Moving Average Convergence Divergence (MACD) is another critical indicator to monitor. Currently, the MACD has shown signs of bullish divergence, suggesting that momentum is shifting in favor of the bulls. For the rally to continue, the MACD line should remain above the signal line, confirming that buying pressure outweighs selling pressure.  Lastly, volume analysis is essential in confirming the strength of the price movement. A rally supported by increasing volume signals that the trend is backed by real demand and a temporary spike. To sustain an upward movement, trading volume must rise as TON breaks through resistance levels. Higher volume indicates genuine interest from traders, which strengthens the trend, while lower volume may suggest a lack of conviction, limiting the rally’s longevity. Featured image from Medium, chart from Tradingview.com

XRP’s recent recovery has sparked fresh optimism among traders, but what’s happening behind the scenes tells an even more compelling story. This isn’t just a typical bounce; the charts reveal a calculated shift in momentum. Technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are beginning to align, suggesting that XRP is approaching a crucial decision zone.  Following the recent downturn in the market, the price is now on a bullish recovery after testing the $1.7 key support level with increasing conviction. If the current momentum continues and resistance zones give way, XRP could be on the verge of a significant breakout. However, failure to build on this momentum could trap the token in another consolidation phase or a deeper retracement. MACD Signals Brewing Bullish Pressure For XRP In a recent post on X, crypto analyst Javon Marks pointed out that XRP’s MACD is approaching a critical breaking point, potentially signaling a shift in market momentum. He emphasized that this MACD indicator is showing signs of a bullish crossover, which could mark the start of a strong upward movement. Related Reading: This Analyst Correctly Called The XRP Price Crash, Here Are The Next Targets Coupled with this, Marks highlighted that XRP is currently holding a key Regular Bullish Divergence, where the price has been making lower lows while the MACD is showing higher lows. This indicates a weakening of bearish pressure, setting the stage for a potential reversal. Marks suggested that this technical setup could be the catalyst for the bulls to take control, potentially leading to a powerful move that breaks through current resistance levels. With this convergence of bullish signals, XRP may be primed for a rally back toward the $3.30+ range, continuing its previous uptrend. Key Levels to Watch: The Exact Breakout And Rejection Zones That Matter In order to fully understand the future movements of XRP, it’s crucial to pinpoint the key levels that will either drive the price higher or cause a reversal. Firstly, the breakout zone for the altcoin lies around the $1.97 resistance level.  Related Reading: XRP Bulls Eye $5 Target: Key Levels To Watch For Potential Breakout If the price manages to surpass this threshold with strong volume, it could trigger a surge towards higher levels, including $2.64 and $2.92. This breakout would likely confirm the upward momentum suggested by the MACD and the regular bullish divergence. On the other hand, a rejection at the $1.97 resistance level might signal a lack of buying interest. Should the asst fail to break above this level, the price could pull back toward lower support levels like $1.7 or even $1.34. A failure to hold these support levels would trigger the potential for a more substantial downturn, with bears regaining control. Featured image from iStock, chart from Tradingview.com

Dogecoin is now grappling with a slowdown in momentum that has left many investors wondering if its best days are behind it. After tumbling to the $0.1293 mark, DOGE managed to pull off a notable rebound, suggesting that the bulls aren’t ready to throw in the towel just yet.  As market interest shifts toward newer trends and utility-driven tokens, Dogecoin’s fading excitement is becoming hard to ignore. Despite the recent recovery, trading activity remains tepid, and the community buzz that once fueled its rallies appears to be losing steam.  Technical Breakdown Of The $0.1293 Bounce According to Cantonese Cat in his latest post on X, before Dogecoin’s rebound at $0.1293, the Relative Strength Index (RSI) indicator formed a bullish divergence, which played a significant role in the price recovery. In technical analysis, a bullish divergence occurs when an asset’s price makes lower lows while the RSI forms higher lows. Related Reading: Dogecoin (DOGE) Bleeds Further—Fresh Weekly Lows Test Investor Patience Based on his post, this discrepancy between the price action and the RSI suggests that although the price is declining, the momentum behind the selling is weakening, signaling a potential shift in market dynamics. In Dogecoin’s case, the RSI’s bullish divergence provided an early indication that the market was oversold and that a reversal could be in the cards.  Traders closely monitor such divergences since they often precede price reversals. When the price reached the $0.1293 level, it acted as a key support, triggering the buying pressure as the bearish momentum faded. Next Big Move: Can Dogecoin Break Free from The Slow Lane? Dogecoin has been experiencing a period of sluggish price action, with its recovery efforts often met with resistance. After a modest rebound from the $0.1293 support level, the meme coin has struggled to maintain momentum. The key question now is whether Dogecoin can break through the current resistance levels and ignite a sustained rally. Related Reading: Dogecoin Forms A Daily Bullish Pattern – Analyst Expects A Breakout To $0.43 If Dogecoin manages to break free from its current slowdown, it could recover the $0.18 resistance level. A successful breakout above this level would reinforce the strength of the bullish momentum for additional gains. This would pave the way for DOGE to target higher resistance zones, such as $0.2403 and $0.2923, potentially driving the price into a more substantial upward trend. Additionally, broader market conditions and sentiment around meme coins will play a crucial role. While Dogecoin has shown resilience in the past, the road ahead will require strong demand, a solid breakout above key levels, and sustained buying pressure to drive the price out of its current range. If these factors align, Dogecoin might see a powerful breakout, shifting from its slow climb into a more decisive upward trend. Featured image from Shutterstock, chart from Tradingview.com

Crypto analyst Joao, who correctly predicted the XRP price crash, has revealed the altcoin’s next targets. Based on his latest prediction, more pain could lie ahead for XRP, which could still drop below $1.  What’s Next For The XRP Price After The Crash Below $2 In a TradingView post, Joao stated that a long-term distribution phase could be the “most chaotic scenario” for the XRP price following its crash below $2. Through his accompanying chart, the analyst illustrated a “radical distribution scheme” that could potentially extend into late 2025.  Related Reading: XRP Price Chart Flashes Inverse Head And Shoulders Pattern That Could Trigger Rally To $3.9 Joao remarked that the XRP price could first show a sign of weakness, dropping below the COVID dump levels, possibly close to $0.10. As that plays out, XRP could follow the Scheme 1 or 2 trajectory. For Scheme 1, the analyst predicts that XRP would drop to $0.1 and then bounce back to $0.4, which is the last point of supply.  On the other hand, if Scheme 2 plays out, he predicts that the XRP price could spike between $5 and $6.8, with an average peak around $5.5 to $5.7, which would likely trigger extreme euphoria. Joao warned that this is just one of the “insane” possibilities and that XRP’s price action will depend heavily on Bitcoin, market makers, supply and demand, public interest, and the macro market.  Crypto analyst John also recently warned that the XRP price retracement could deepen to mid-2024 levels, with the altcoin dropping to the Fib price level of $0.3827. The analyst highlighted a bearish engulfing that formed on XRP’s weekly chart in late March, which is why he believes that the altcoin could still drop to these lows.  Meanwhile, crypto analyst Egrag Crypto stated that based on an ascending broadening wedge, there is a 70% chance of a downside breakout and a 30% chance of a move to the upside. He claimed that the measured move for the downside breakout for the XRP price is $0.65.  $1.90 Has Become Resistance For The Altcoin In an X post, crypto analyst CasiTrades revealed that $1.90 has become a major resistance to the XRP price. She noted that the altcoin’s price fell to around $1.61 following the Black Monday crash on April 7. This low is said to have made new extremes on the RSI across the market, and it was just shy of major support.  Related Reading: XRP Flashes Descending Trendline, Why A Surge To $4 Is Still In The Cards The XRP price has since rebounded to test the $1.90 level, which CasiTrades affirmed is a major resistance at this point. She remarked that the next support is $1.55, the golden .618 retracement. The analyst added that this price action is exactly what sets up the kind of Wave 3 that breaks through all-time highs (ATHs).  In line with this, CasiTrades claimed that if the XRP price bottoms near $1.55, it would actually strengthen the bullish case for a rally to between $8 and $13 this month. She believes that XRP would easily break the resistance around its ATH on this Wave 3 and possibly send it to as high as $13.  At the time of writing, the XRP price is trading at around $1.8, up over 10% in the last 24 hours, according to data from CoinMarketCap. Featured image from Medium, chart from Tradingview.com

In a CryptoQuant Quicktake post published today, contributor BorisVest highlighted a key demand zone for Bitcoin (BTC) that could offer investors an opportunity for ‘substantial gains.’ The analyst used the Active Realized Price (ARP) and the True Market Mean Price (TMMP) to identify this critical zone. Buying Bitcoin Here Could Be Profitable Bitcoin is currently trading approximately 10% higher than its recent local bottom of nearly $77,000, recorded on March 10. However, uncertainty in the market has increased due to US President Donald Trump’s looming trade tariffs, with some analysts predicting that the top cryptocurrency could experience further downside before a trend reversal occurs. Related Reading: Is a Bitcoin Rally Coming? Exchange Net Flow Data Suggests So Amid this backdrop, CryptoQuant contributor BorisVest noted that, based on market dynamics, BTC’s ARP is currently hovering around $71,000 – representing almost a 20% pullback from its current price in the mid-$80,000 range. For the uninitiated, Bitcoin’s ARP is a metric that calculates the average acquisition price of all actively traded BTC, filtering out dormant coins. It helps identify market sentiment by showing the cost basis of active investors, providing insights into potential support or resistance levels. Additionally, BorisVest pointed out that BTC’s TMMP currently has a key support level at $65,000. The analyst stated: If we define the area between the Active Realized Price and the True Market Mean Price as a zone, we can expect that in the near future, if the price declines, it should meet significant demand in this range. In essence, BTC’s current major demand zone lies between $71,000 and $65,000. Purchasing BTC within this range could provide investors with a favorable risk-reward ratio, potentially leading to substantial gains. Analyst Points Out Key Resistance Levels In contrast to BorisVest’s analysis, prominent crypto analyst Ali Martinez identified two key resistance levels for Bitcoin. Martinez stated: Bitcoin BTC faces the 200-day MA at $86,200 and the 50-day MA at $88,300 as key resistance ahead! A break above these levels could shift momentum back to the bulls. Moving-average (MA) based resistance levels often function as key psychological and technical price barriers. Market traders typically place their sell orders around these levels, leading to price reversal or consolidation. Related Reading: Bitcoin Could Hit $112,000, But Only If It Holds Above This Key Level – Analyst Explains Martinez’s analysis aligns with that of fellow crypto analyst Rekt Capital, who noted that despite BTC breaking its daily Relative Strength Index (RSI) downtrend, it may still face significant resistance ahead. That said, a bullish trend reversal may be on the horizon for BTC. Recent reports suggest that Trump may soften his stance on reciprocal tariffs, potentially enabling a relief rally for risk-on assets like BTC. At press time, BTC is trading at $84,820, up 1.5% in the past 24 hours. Featured image from Unsplash, Charts from CryptoQuant, X, and TradingView.com

In an X post shared today, acclaimed cryptocurrency analyst Ali Martinez identified two key resistance levels that Ethereum (ETH) must reclaim to confirm a bullish trend reversal. Additionally, ETH is showing signs of bullish divergence on the daily chart, raising optimism among holders that a rally may be closer than expected. Ethereum Must Overcome These Levels For Further Upside Unlike rival cryptocurrencies such as Bitcoin (BTC), Solana (SOL), and XRP, ETH’s recent price action has disappointed most of its holders. The second-largest cryptocurrency by market capitalization is down 49.2% over the past year, in stark contrast to BTC’s 18.5% gain over the same period. Related Reading: Is Ethereum Breaking Free from the Bear Trap? Analysts Weigh In Sharing the following daily chart, Martinez highlighted two critical resistance levels that ETH must surpass to reverse its price trajectory. The analyst stated: Ethereum $ETH needs to reclaim $2,100, and more decisively, $2,300, to confirm a bullish trend reversal. These are the levels to watch! To recall, ETH last traded at the $2,100 level earlier this month on March 9. Interestingly, the digital asset also plunged to as low as $1,754 on the same day, its lowest price in more than a year.  After reclaiming $2,100, ETH will need to overcome the more significant $2,300 resistance level. A clear breakout above $2,300 could signal renewed bullish momentum. Meanwhile, altcoin analyst @altcoinrookie shared a bearish forecast for Ethereum, predicting that ETH will dip to $1,200 by June 2025 before reaching new all-time highs (ATHs). ETH Showing Signs Of Bullish Divergence While these analyses suggest short- to mid-term challenges for ETH, crypto trader Merlijn The Trade provided a more optimistic outlook. The analyst shared the following ETH daily chart, noting that the asset is displaying bullish divergence. For the uninitiated, the RSI is a momentum indicator that helps traders and investors to determine when the underlying asset may be overbought or oversold. RSI bullish divergence occurs when the RSI forms higher lows while the price forms lower lows, indicating weakening selling pressure and a potential trend reversal to the upside. Related Reading: Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again? The trader further pointed out that although ETH’s price continues to make lower lows, its daily RSI is forming a contrasting trend. Merlijn also shared a two-week ETH price chart, highlighting how Ethereum has historically rebounded from a critical support level since early 2024, often posting significant returns after each bounce. That said, rising ETH reserves on crypto exchanges remain a concern, potentially extending ETH’s price suppression. At press time, ETH trades at $1,840, up 2.1% in the past 24 hours. Featured image created with Unsplash, charts from X and TradingView.com

A recent Dogecoin analysis on TradingView has highlighted a potential scenario where DOGE could dip below the $0.165 mark before rebounding. The analyst, reviewing the 4-hour candlestick chart, pointed to extremely oversold RSI levels as a basis for this outlook. Although a bounce appears to be the more probable outcome, there is still a 30 to 40% chance of a short-term drop into deeper support territory. Dogecoin RSI Dips Below 10 On 4-Hour Chart To Possibly Extend Decline The Relative Strength Index (RSI) is a technical analysis indicator used to measure an asset’s momentum. When above 70, the asset is considered overbought, meaning it might be due for a price correction or pullback. On the other hand, readings below 30 are considered oversold, meaning that the asset might be undervalued and could bounce upward soon. Related Reading: Dogecoin Price Turns Bullish With 1-Day RSI In Oversold Region, Why DOGE Can Reach $0.9 In the case of Dogecoin, the meme coin has been under intense selling pressure since the beginning of March. This selling pressure has seen it lose most of its price gains in late 2024 and break below notable support pressure. This, in turn, has seen the RSI fall towards the oversold levels across multiple timeframes. According to the technical overview, the Relative Strength Index on the 1-hour timeframe is between 25 and 27, signaling strong oversold conditions. On the 4-hour chart, the RSI has dropped even lower, falling beneath 10, which typically indicates an asset is due for a corrective bounce. The daily RSI is currently hovering around 32 to 33, still above the oversold zone but trending downward. These readings suggest that while bearish pressure is present, the setup of a bounce from oversold levels increasingly favors a rebound as buyers look to re-enter near support. Analyst Sees Bounce Toward $0.172–$0.175 As More Probable Outcome According to the analyst, the break of the RSI below the oversold levels points to a decline toward the $0.1580 and $0.1590 support region. Despite the possibility of a decline toward the $0.1580 to $0.1590 support region, the analyst noted a higher probability (around 60 to 70%) of a near-term bounce after hitting this support region, possibly targeting the $0.172 to $0.175 range.  Related Reading: Dogecoin Price Stages Bounce From Lower Border Of Second Falling Wedge, New Targets Unlocked? The projection hinges on Dogecoin’s possible reaction to such a deeply oversold RSI level. The analyst emphasized that this is an assumption rather than financial advice, but the technical context supports the likelihood of a relief rally if the support holds. At the time of writing, Dogecoin is trading at $0.1649, down by 3.6% in the past 24 hours. With both downside and upside scenarios laid out, short-term Dogecoin price action now depends on how the market reacts at the current $0.165 level. A move toward $0.172 or higher could unfold quickly if buyers step in right now. However, if selling continues, Dogecoin might continue its decline throughout the week before attempting a recovery. Featured image from Unsplash, chart from Tradingview.com

The crypto market just got a shock as BNB plunged below the crucial $605 support level, sending ripples of concern across trading circles. This sudden breakdown comes after weeks of bullish dominance, leaving investors scrambling to answer one critical question: Is this a temporary dip or the start of a major trend reversal? With weakening momentum and key technical indicators flashing red, BNB charts are telling a worrisome story. The once-steady uptrend now faces its toughest test as the token struggles to maintain its footing in a suddenly bearish market. Bearish Pressure Builds: Are BNB Sellers Gaining Control? BNB’s price is facing growing bearish pressure after slipping below the crucial $605 level, signaling a potential shift in market momentum. The failed attempt to hold this key support has allowed sellers to take control, pushing BNB lower and raising concerns about a prolonged decline.  Related Reading: BNB Bulls Take Charge: Price Rebounds Strongly After Recent Dip Technical indicators further confirm the increasing strength of sellers. The MACD has turned negative, indicating a loss of upward momentum, while the RSI is trending downward, suggesting that buying pressure is weakening. Additionally, trading volume remains low on attempted rebounds, highlighting a lack of conviction from bulls. If sellers maintain their grip, BNB could extend its decline toward the next major support zone around $531, which previously served as a short-term bounce level during past corrections. A break below this zone would solidify bearish dominance and cause a deeper decline to $500. Below $500, the next key level to watch is $454, representing a technical support area. Pushing below this level may trigger an extended sell-off, driving BNB toward other key support levels where traders may look for signs of reversal. What Needs To Happen For A Rebound For BNB to stage a meaningful recovery after breaking below $605, the bulls must reclaim key levels and generate strong buying momentum. Its first crucial step is stabilizing above $530, a short-term support zone that could provide the foundation for a reversal. Holding this level would signal that buyers are stepping in, preventing more declines. Related Reading: BNB Flips Solana’s Market Cap Amid Market Retrace – Breakout To $700 Coming? A sustained move back above $605 would be the next major confirmation of a recovery. Reclaiming this level as support might shift market sentiment in favor of the bulls and trigger renewed buying interest. Additionally, the Relative Strength Index (RSI) needs to rebound from oversold conditions, while the MACD crossover into bullish territory would reinforce an upside move. For a stronger bullish outlook, BNB would need to push past $680, a level that previously acted as resistance. Breaking above this zone with increasing volume could confirm a trend reversal toward $724 and $795, marking a full recovery from recent losses. Featured image from Adobe Stock, chart from Tradingview.com

The Ethereum price has finally broken out of a months-long consolidation pattern, signaling the possible start of a significant bullish move. The recent breakout of an Ascending Triangle formation suggests that ETH is set for more gains, with a crypto analyst suggesting a price target of $7,800 in the coming months. Ethereum Price Targets $7,700 ATH The Ethereum price is believed to be targeting a new all-time high of $7,800 after its recent breakout from an Ascending Triangle. For months now, the cryptocurrency has been trading within this classic bullish chart pattern, where prices make higher lows while facing strong resistance at a fixed level. Related Reading: “Ethereum Is Not Dead”: Broadening Wedge Suggests Another Leg-Up Is Coming This consolidation pattern has been active since late 2024, establishing strong resistance at $4,000. TradingView analyst Sohaibfx has predicted that if Ethereum can surpass this resistance level, it would confirm a bullish trend, leading to a strong upward continuation in its price.  Looking at the analyst’s price chart, Ethereum spent several months navigating between $2,000 and $4,000 in Q1 2025. This region represented an accumulation phase where buyers had quietly built their positions in anticipation of a potential rally.  A descending channel marked in orange in the price chart also shows that Ethereum had experienced a significant pullback mid-to-late 2024 before breaking out. This was likely the final shakeout before it regained its bullish momentum.  According to Sohaibfx, a measured move of the Ascending Triangle suggests that Ethereum is poised for an explosive 333% surge to $7,800. This bullish target is calculated by determining the height of the triangle, which is the difference between its base at $2,000 and resistance level at $4,000.  When the price breaks above the resistance, the common method for estimating the possible next move is to add the triangle’s height to the breakout point, which gives a technical target of $6,000. However, based on past price behaviour and strong buying momentum, the Ethereum price could push even higher, with $7,800 being a key psychological level.  Support Levels And Momentum Indicators To Watch In his price analysis, Sohaibfx has pinpointed the $4,000 and $3,000 price levels as support levels for Ethereum. This support should act as a safety net, where buyers are likely to step in to prevent further decline after Ethereum reaches its projected $7,800 target.  Related Reading: Ethereum Price Maintains Movement Inside Ascending Triangle, Is Another Crash Coming? Moving forward, the analyst highlights key momentum indicators that should be monitored. While the analyst’s chart does not specify indicators like Moving Average Convergence Divergence (MACD) or Relative Strength Index (RSI), Ethereum’s sharp upward move suggests that strong momentum will be a major contributor to its rise to a new ATH. Sohaibfx has advised traders to watch out for RSI levels above 70, as overbought conditions could signal a potential pullback while Ethereum approaches higher levels. Featured image from Adobe Stock, chart from Tradingview.com

Ethereum’s attempt to regain bullish momentum has hit a roadblock, as the price failed to break through the crucial $2,160 resistance level. After showing signs of recovery, ETH faced strong selling pressure at this key level, preventing a sustained breakout and disappointing bullish traders who were hoping for further upside. Its inability to push past this resistance suggests that bears are still in control, keeping Ethereum’s price under pressure. With the momentum fading and the market sentiment turning cautious, traders are now closely watching key support zones to determine the next move. Bearish Pressure Mounts: What’s Next For Ethereum? Ethereum is facing increasing downside pressure as its latest recovery attempt was rejected at the $2,160 resistance level. The failed breakout has reinforced bearish sentiment, with key technical indicators signaling weakness. If buyers fail to step in, ETH could be at risk of deeper declines in the near term. Related Reading: Ethereum Price Eyes Major Resistance At $2,100 As Analyst Reveals Bullish Price Range One of the major warning signs is weak volume during the recovery attempt. A strong breakout typically requires significant buying interest, but Ethereum’s rally lacked momentum, making it easier for sellers to regain control. This lack of conviction from bulls suggests that the upside move was not sustainable, allowing bears to push prices lower. Additionally, the Relative Strength Index (RSI) has broken down, moving below key thresholds that indicate weakening bullish strength. The current declining RSI shows that buying pressure is fading, making it difficult for Ethereum to build upward momentum. If the RSI continues trending downward, it could further confirm a prolonged bearish phase. The  Moving Average Convergence Divergence (MACD) has also turned negative, with a breakdown below the signal line and a widening gap between the MACD and its moving average. This crossover indicates that bearish momentum is accelerating, reducing the chances of an immediate recovery. When combined with other bearish signals, the MACD breakdown further supports the case for a continued downside. Looking ahead, ETH may retest key support zones. However, a strong bounce from lower levels could offer bulls another chance to regain lost ground. For now, the charts suggest that Ethereum remains vulnerable to further declines. Support Levels To Watch: Can Bulls Prevent Further Decline? With attention now turning to key support levels, the first major support to watch is around $1,523, a level that previously acted as a short-term demand zone. If Ethereum holds above this area, it might provide bulls with a foundation for another rebound attempt. However, a break below this level could signal growing bearish dominance, increasing the risk of deeper losses. Related Reading: Ethereum Rally Incoming? Analyst Predicts Breakout Beyond $2,100 Below $1,523, the next key support lies at $902, aligning with previous price reactions and acting as a psychological level for traders. A failure to hold here may accelerate selling pressure, pushing ETH toward other support below. Featured image from iStock, chart from Tradingview.com

According to a CryptoQuant Quicktake post published earlier today, Bitcoin (BTC) may be on the verge of a significant price rally. Since February 6, net flow across crypto exchanges has remained negative – a historically bullish signal for the digital asset. Bitcoin To Benefit From Negative Exchange Net Flow The past 24 hours have been highly volatile for the crypto market, with liquidations exceeding $360 million, the majority involving long positions. However, despite this market pullback, on-chain data remains bullish, suggesting that concerns may be overstated. Related Reading: Bitcoin Could Hit $112,000, But Only If It Holds Above This Key Level – Analyst Explains In a Quicktake post shared today, CryptoQuant analyst ibrahimcosar highlighted Bitcoin’s exchange flows. He noted that since February 6, BTC has experienced a persistent negative net flow across trading platforms. To explain, when a large quantity of BTC is withdrawn from exchanges, it often indicates that investors – likely those who bought at lower prices – are expecting a price rally. These investors move their holdings to cold wallets, anticipating long-term gains and paying network fees to secure their assets. Over time, this behavior results in a negative net flow of BTC across exchanges, a bullish indicator. Conversely, when a significant amount of BTC is deposited onto exchanges, it increases selling pressure, often signalling a bearish trend. Extended periods of high crypto deposits lead to positive net flows, typically preceding price declines. The analyst stated that recent data – from February 6 onwards – suggests that a large amount of BTC is being withdrawn from crypto exchanges. The analyst added: Historically, such high outflows have led to significant price increases in Bitcoin. This suggests that market volatility to the upside could be on the horizon. Ibrahimcosar’s insights align with a recent analysis from CryptoQuant analyst ShayanBTC, who noted that BTC reserves on exchanges are rapidly decreasing. A sustained decline in exchange reserves could set the stage for a supply shock-driven price rally, reversing Bitcoin’s recent downtrend. Momentum, Macroeconomic Factors Point Toward Bullish Trend Beyond on-chain metrics, technical indicators like the Relative Strength Index (RSI) have also turned bullish. A recent analysis by Rekt Capital highlighted that BTC’s daily RSI has broken its multi-month downtrend, suggesting that a price rally may be imminent. Related Reading: Bitcoin Posts Modest Gains After February CPI Inflation Comes In Cooler Than Expected Additionally, macroeconomic factors appear to be fueling optimism. Reports suggest that US President Donald Trump may reconsider upcoming reciprocal tariffs set to take effect on April 2, potentially easing market concerns. Meanwhile, Bitcoin whales – wallets with substantial BTC holdings – have resumed accumulation after a brief period of dormancy, further reinforcing a bullish sentiment. At press time, BTC trades at $85,071, down 2.1% in the past 24 hours. Featured image created with Unsplash, charts from CryptoQuant and TradingView.com

Retail sentiment toward Ethereum (ETH) remains weak, but analysts suggest that a significant breakout could be on the horizon. Despite Ethereum’s sluggish price action, multiple on-chain indicators and technical patterns hint at an impending bullish reversal. Ethereum Retail Sentiment At Low Amid Sluggish Price Action According to cryptocurrency analyst Mister Crypto, retail interest in ETH is “extremely low,” as indicated by Google Trends data. Compared to its 2017 and 2021 peaks, Ethereum’s current sentiment ranks significantly lower, suggesting that many retail investors are sitting on the sidelines. Historically, low retail sentiment often signals a prime buying opportunity for institutional investors looking to accumulate assets before the next price surge. While weak sentiment reflects a lack of confidence among small investors, institutions tend to take advantage of such conditions, positioning themselves ahead of the next bullish cycle. Related Reading: Is Ethereum Breaking Free from the Bear Trap? Analysts Weigh In Despite the pessimism, crypto analyst Ted pointed out that the potential approval of an Ethereum exchange-traded fund (ETF) staking and the upcoming Pectra update could serve as key catalysts for a breakout. He suggests that these developments may help Ethereum regain momentum and push its price toward new highs. Fellow analyst Crypto Patel echoed this sentiment, noting that ETH is currently consolidating within an accumulation range. Based on historical price cycles and on-chain data, Patel expects Ethereum to break out after April, with a long-term target of $10,000. Additionally, analyst Titan of Crypto highlighted a bullish crossover on Ethereum’s weekly Stochastic RSI, a signal that has historically marked market bottoms. He suggests that ETH may be nearing the end of its bearish cycle, setting the stage for a strong rally. Further Pain For ETH? Sharing a contrasting viewpoint, noted crypto analyst Ali Martinez emphasized that there has been “no change in the outlook for Ethereum.” The analyst hinted that ETH is still likely to hit the lower-end of its current price range at $1,300. However, some on-chain indicators suggest Ethereum may already be undervalued. An analysis using the Market Value to Realized Value Z-score (MVRV-Z) indicates that ETH is trading at levels historically associated with price rebounds. This metric, which compares Ethereum’s market value to its realized value, suggests that ETH might be primed for accumulation. Related Reading: Ethereum Flashing Bullish Signals, But Rising Exchange Reserves Raise Concerns – Details For Ethereum to confirm a bullish reversal, it must break through strong resistance at $2,300. A successful breakout could push ETH toward $3,000 in the short term. Failure to surpass this level, however, might result in extended consolidation or another price decline. At press time, ETH trades at $2,007, down 0.5% in the last 24 hours. Featured image from Unsplash, charts from X and Tradingview.com

On-chain data suggests that Bitcoin (BTC) whales – cryptocurrency wallets holding significant BTC amounts – have resumed accumulation after a brief period of dormancy. Bitcoin Accumulation Rises Among Whales In an X post published today, seasoned crypto analyst Ali Martinez highlighted a notable increase in BTC whale activity. He shared the following chart showing that 48 new wallets now hold 100 or more BTC. A surge in whale accumulation often signals rising confidence in Bitcoin’s long-term value. The leading digital asset has climbed over 15% from its March 10 low of approximately $76,600. As of writing, BTC is trading in the high $80,000s. Related Reading: Bitcoin Surge Fueled by $32B in Open Interest—Here’s What Could Happen Next Renewed optimism around BTC’s price trajectory stems from several recent macroeconomic developments, including cooler than expected Consumer Price Index (CPI) inflation data for February and reports of US President Donald Trump adopting a softer stance on retaliatory tariffs scheduled to go into effect from April 2. On-chain intelligence firm Arkham reported long-dormant BTC whales becoming active again. In an X post, the firm highlighted how a wallet that held $3 million worth of BTC in 2017, recently became active after 8 years, with its holdings now valued at close to $250 million. Fellow crypto analyst Crypto Rover shared the following chart, illustrating a sharp rise in whale accumulation since late 2024. It is worth noting that the data excludes wallets tied to non-US exchanges and US Spot Bitcoin exchange-traded funds (ETFs). Is BTC Eyeing A New Record High? Several crypto analysts believe BTC may have already bottomed out this cycle and entered a new bullish phase, potentially setting the stage for a fresh all-time high (ATH). Related Reading: Bitcoin’s Bullish Pattern Returns – Is A Massive Uptrend Imminent? Noted crypto entrepreneur and former BitMEX CEO Arthur Hayes recently suggested that BTC ‘probably’ hit this cycle’s bottom during the March 10 dip to $76,600. Hayes added that while bottom may be in for BTC, stocks could still face further downside. Momentum indicators – such as the Relative Strength Index (RSI) – also appear bullish. Bitcoin’s daily RSI recently broke out of a multi-month downtrend, fuelling hopes of sustained upward momentum. Additionally, Martinez projected that BTC could surge to $112,000 if it decisively breaks the $94,000 resistance level. However, a drop below $76,000 could open the door to a deeper decline, potentially falling to $58,000. Moreover, in their latest investor memo, digital asset management firm Bitwise hinted that on a risk-adjusted basis, now could be an opportune time to buy BTC. As of press time, BTC is trading at $88,069, up 1% in the last 24 hours. Featured image from Unsplash, charts from X and TradingView.com

Dogecoin is staging a powerful comeback, reinforcing its resilience in the volatile crypto market. After enduring periods of uncertainty and downward pressure, DOGE has managed to reclaim the crucial $0.18 level, a price point that is now acting as a key battleground between bulls and bears. This level has emerged as a defining line in the sand; holding above it could fuel a strong rally, while dropping below might open the door for further declines. With increasing trading volume and renewed interest from investors, the stage is set for an intense showdown. Technical indicators suggest that momentum is shifting in favor of the bulls, but resistance levels ahead could still pose a challenge. As momentum continues to build, Will Dogecoin solidify its breakout and surge higher, or will the bears attempt to reclaim control? The Battle For $0.18: Why This Level Matters Dogecoin’s $0.18 price level has become the defining battleground between bulls and bears, marking a critical inflection point in its price action. This level has previously acted as both strong resistance and key support, making it a decisive line that could determine DOGE’s next move. Related Reading: Dogecoin Is ‘All Going To Plan,’ Says Crypto Analyst However, current price action suggests that bulls have taken the driver’s seat, showing strong buying pressure to help DOGE hold above the $0.18 level. The increasing demand and rising trading volume indicate growing confidence among traders, reinforcing the possibility of further upside movement. Furthermore, Dogecoin’s recent price action is backed by strong technical signals, with the Relative Strength Index (RSI) climbing above the 50 mark, indicating a shift toward bullish momentum. Significantly, this rise in RSI aligns with DOGE’s breakout above $0.18, reinforcing the argument that bulls are gaining control. If this bullish momentum persists, and the RSI continues to trend higher without entering overbought territory (above 70), it could signal more upside potential, with resistance targets at $0.24 and $0.29. A successful break above this level will send the price upward toward other resistance levels such as $0.35 and $0.4. What If Dogecoin Fails? Potential Downside Risks Dogecoin’s price action is at a critical juncture, and its ability to maintain bullish momentum depends on key support levels that might prevent a further downside move. After breaking above the $0.18 level, DOGE may face a pullback to this level for a retest. Related Reading: Dogecoin Forms A Daily Bullish Pattern – Analyst Expects A Breakout To $0.43 If DOGE falls below $0.18, the next major support zone sits around $0.12, a level where buyers have previously stepped in to defend price drops. An extended decline could see DOGE testing $0.09, an area of historical significance that could serve as a strong accumulation zone. Featured image from Adobe Stock, chart from Tradingview.com

After a brief yet necessary cooldown, BNB is back in action, regaining bullish momentum and resuming its uptrend. The recent pullback provided a much-needed reset, allowing buyers to step in near the $605 support level and strengthen the foundation for a renewed climb.  Now, with increasing buying pressure, BNB is making another push toward key resistance levels, signaling that the rally may not be over just yet. However, breaking through overhead resistance will be a crucial test for bulls. If buying pressure continues to build, BNB could push toward new local highs. Meanwhile, if bears step in at key levels, another retracement could be on the horizon.  Technical Rebound: Charting The Recovery Momentum After a strong rally, BNB experienced a brief pullback, allowing the market to cool off before resuming its upward trajectory. Rather than signaling a reversal, this dip served as a natural correction, shaking out weak hands while providing strong support for the next move. Related Reading: BNB Price Finds Footing After Clearing $605 Resistance Toward Higher Targets During the pullback, BNB found support at a crucial level, preventing a deeper decline and reinforcing bullish confidence. The consolidation phase also helped ease overbought conditions, resetting momentum indicators like the Relative Strength Index (RSI) and allowing for a more sustainable climb. Additionally, the price is currently holding above the 100-day Simple Moving Average (SMA).  As long as the price remains above the 100-day SMA, the uptrend remains intact, suggesting the potential for further gains. As BNB continues its recovery, key resistance levels will play a crucial role in determining the strength of its uptrend. The first major hurdle lies at $680, a psychological and technical barrier where previous rejections have occurred. A decisive break above this level could attract more buying pressure, paving the way for more growth.  Beyond $680, the next resistance to monitor is around $725, where sellers previously stepped in during the last rally. Clearing this zone would signal strong upward movement and open the door for a potential test of the $795 mark, a key milestone that might fuel further upside. BNB Bearish Risks: What Could Halt The Uptrend? Despite BNB’s renewed bullish momentum, several factors could stall its upward movement. One key risk is failure at critical resistance levels, particularly around $680. A rejection at these points combined with declining buying pressure, would trigger a pullback and encourage profit-taking. Related Reading: BNB Ready To Breakout? New ATH Coming ‘In No Time’ If This Resistance Breaks Another concern is weak trading volume. If BNB’s rally lacks sufficient volume support, it may indicate waning investor confidence, making it easier for sellers to regain control. Additionally, if indicators like the RSI enter the overbought territory without strong price follow-through, a correction could be imminent. Featured image from Unsplash, chart from Tradingview.com

Solana (SOL) is back in the spotlight as its price rockets past the $137 level, marking a significant milestone in its ongoing rally. This surge comes amid a wave of renewed optimism in the crypto market, with Solana leading the charge as one of the top-performing assets. Furthermore, breaking through the $137 barrier is no small feat. This level had previously served as a key resistance point, and its breach signals a potential shift in market sentiment. Will this breakout pave the way for a sustained upward trajectory, or is a correction on the horizon as traders lock in profits? Solana Breakthrough: A Closer Look At the $137 Milestone From a technical perspective, the $137 level was a critical psychological barrier that had capped SOL’s price multiple times. Breaking through this resistance required strong buying pressure and positive market sentiment, both of which have been evident in recent weeks. Related Reading: Solana Price Faces Slowdown: Support And Resistance Levels To Keep An Eye On So far, SOL’s upward move has been backed by steady volume growth of over 100%, signaling strong market participation and increasing investor confidence. This surge in trading activity indicates that buyers are actively accumulating, reinforcing the bullish momentum and reducing the likelihood of a premature reversal. Additionally, momentum indicators like the Relative Strength Index (RSI) remain firmly in bullish territory, climbing up to 69%, which signals that the rally still has fuel. With Solana’s RSI now approaching the 70% level, it suggests that buying pressure remains strong, and bulls are in control of the market. For SOL to extend its gains, buying interest must remain strong, and key resistance levels must be cleared with conviction. If demand persists, the rally could continue, but a loss of momentum might lead to a consolidation or short-term retracement Price Targets: Where Could SOL Be Headed Next? With Solana maintaining its position above $137, traders are now looking ahead to potential price targets. If the uptrend continues, the next key resistance level to watch is around $164, a barrier that may determine whether SOL extends its rally. Furthermore, a successful break above this zone could open the door for a move toward $211, where previous price action suggests strong selling interest. Related Reading: Solana Price On The Verge Of A ‘Big Breakout’ — Here’s The Target Beyond $211, SOL targets the $240-$260 range, a crucial area that would mark a significant recovery to its all-time high levels. However, sustained buying pressure and increasing volume are essential for a bullish scenario. On the downside, if Solana faces rejection at $164, a pullback could occur, with $137 acting as a key support zone. A breakdown below the level might shift momentum in favor of the bears, leading to a deeper correction toward the $118–$99 range. Featured image from Adobe Stock, chart from Tradingview.com

The meme-inspired cryptocurrency PEPE has once again captured the attention of traders as its price demonstrates remarkable resilience, holding firm above a key 100-day simple moving average (SMA) after a brief pullback. This technical strength has sparked speculation about whether PEPE is gearing up for a bullish continuation, potentially reigniting its upward momentum. With traders closely monitoring price action, a breakout above nearby resistance could confirm a bullish continuation, setting the stage for further gains. However, failure to maintain support may shift momentum in favor of the bears as PEPE hovers at this critical juncture. PEPE Recent Price Action: A Snapshot PEPE has been displaying steady price movement, holding above a key support level and maintaining bullish momentum. After bouncing from recent lows, the meme coin has managed to stay above a crucial moving average. This stability suggests that buyers are still in control, preventing a deeper pullback and keeping the uptrend intact. Related Reading: Analyst Says PEPE Price Must Break This Resistance Level For 150% Surge Toward ATHs Technical indicators continue to support a bullish outlook for PEPE. The Relative Strength Index (RSI) remains in positive territory, reflecting sustained buying momentum. If the RSI holds its current course, it can strengthen the case for more upside, suggesting that the uptrend has room to extend. Trading volume has remained consistent, indicating sustained interest from market participants. However, resistance levels ahead will play a crucial role in determining whether PEPE can extend its rally or face a temporary slowdown. If bullish momentum strengthens, the price could push toward the $0.00000766 resistance level. A decisive breakout above this level serves as a strong bullish confirmation, paving the way for further upside. Should buying pressure intensify, PEPE may rally toward the next significant resistance, attracting more traders looking to capitalize on the upward trend. Bearish Scenario: Key Support Levels If Momentum Shifts While PEPE remains in bullish territory, a shift in momentum will open the door for a potential pullback. If selling pressure increases, the first key support to watch is the moving average level that has been acting as a price floor. A break below this level could weaken bullish confidence and trigger a deeper decline. Related Reading: PEPE Struggles Against Strong Resistance, Bearish Pressure Intensify Further downside raises the risk of a decline toward secondary support zones such as $0.00000589 and $0.00000398, where buyers may attempt to regain control. Failure of the bulls to defend these levels will open the door for other support levels to be tested. Additionally, declining volume and a bearish crossover in momentum indicators such as the MACD or RSI could further confirm a shift in sentiment. For now, the uptrend remains intact, but traders should remain cautious of any signs of weakness. Holding above these key support zones will be crucial in determining whether bulls can maintain control or if bears will take over. Featured image from Adobe Stock, chart from Tradingview.com

The XRP price is showing signs of a potential breakout, with a crypto analyst pointing to key technical indicators that suggest a potential surge to $4. Notably, the cryptocurrency has been trading within a descending trendline, but a decisive move above this resistance could ignite a long-awaited rally to a new all-time high. XRP Price Eyes Breakout To $4 According to pseudonymous TradingView crypto analyst ONE1iMPACT, the XRP price has been making lower highs, forming a descending trendline on the 8-hour chart. The analyst’s chart analysis highlights key technical indicators based on price action that suggest that the XRP price may be gearing up for a possible rally to $4. Related Reading: XRP Price Face Major Resistance At $2.9, Why This Analyst Believes $20 Is Still Possible XRP’s projected surge to a $4 ATH is dependent on how it reacts to the descending trendline, which acts as a critical resistance area. With this in mind, a breakout and close above this trendline with higher-than-average volume signals bullish momentum for the XRP price. Interestingly, the analyst disclosed that the market is currently hovering near or just below a key Moving Average (MA), indicated by the blue line in the chart. If XRP’s price can reclaim and hold above this MA, it would reinforce its bullish position and solidify the analyst’s optimistic price target. On the flip side, if it remains below this MA, the TradingView expert believes that it would put a barrier to its upside potential.  Moving forward, the analyst has shared key technical areas that could determine XRP’s next price movements. He revealed that if the cryptocurrency breaks above the descending trendline, the next major resistance area is the horizontal level around $3.40. Furthermore, a confirmed breakout could send its price toward $3.9 – $4.00, aligning with the target shown by the grey arrow in the chart.  The TradingView crypto expert warned investors and traders to pay attention to the volume and momentum of XRP as it aims for a descending trendline breakout. He explained that a low volume push above the trendline is a clear indication of a possible fakeout, where traders could be lured into entering long positions, only for the price to trace quickly. On the other hand, a high volume surge confirms the conviction of XRP’s bullish potential, leading to a sustained upward momentum and increasing prices.  The analyst also added that oscillators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) could help traders gauge whether XRP’s momentum is building or fading as its price approaches the descending trendline resistance.  Possible Downside Target If Resistance Fails In his analysis, ‘ONE1iMPACT’ also shared a bearish outlook for the XRP price if it fails to break and close above the descending trendline resistance. The TradingView analyst revealed that a rejection at this trendline could trigger further consolidation and decline for XRP.  Related Reading: XRP Price Retraces Gains From Sunday Rally, This Important Support Level Could Be The Defining Factor He has shared several important support levels that could help prevent an even deeper correction in the XRP price. The $2.0 and $2.1 region, marked by the pink and gray box on the chart, acts as a strong support area for XRP, where buyers have stepped in before.  If the XRP price loses this zone, the analyst predicts a major breakdown toward $1.8 – $1.77. Another decline below this price low could result in a much larger correction. Featured image from Adobe Stock, chart from Tradingview.com

A crypto market technician is debating whether Bitcoin has reached its peak this bull cycle, as technical indicators suggest a potential loss of momentum. The analysis report highlights technical indicators like the Relative Strength Index (RSI) which failed to reach past extremes, raising concerns about Bitcoin’s future trajectory. Bitcoin Indicators Fall Short Of Historical Peaks Bitcoin has historically exhibited strong indicator readings during major cycle tops, reflecting extreme market engagement and enthusiasm. However, in this bull cycle, the pioneer cryptocurrency’s RSI reading has failed to reach historical peaks despite Bitcoin reaching new all-time highs.  Related Reading: Bitcoin Price Risks Further Crash As S&P Monthly LMACD Turns Bearish, Why Bulls Have Only 20 Days Tony Severino, a crypto market technician on X (formerly Twitter), has Bitcoin Price Risks Further Crash As S&P Monthly LMACD Turns Bearish, Why Bulls Have Only 20 Days a detailed analysis of Bitcoin, challenging the assumption that the cryptocurrency must reach the same overbought RSI levels as in previous cycles to confirm its market peak. The key argument here is that lower highs on oscillators like the RSI, combined with higher highs in Bitcoin’s price, can be a bearish signal, suggesting waning strength in the market.  Severino shared an example comparing Bitcoin’s current bull cycle to past cycles. In the previous bull market, Bitcoin’s monthly RSI reached above 90, but its current cycle has not. The analyst posed a question about whether this inability to reach past extremes means that Bitcoin hasn’t reached a market top or simply lacked the same momentum to push its RSI to the highest level.  The analyst has warned that believing that Bitcoin must reach past extremes on indicators before hitting a price peak is a dangerous way of thinking. Historical patterns do not always repeat in the same way, and relying too much on past indicator peaks could cause traders to miss warning signs of a top or underestimate the possibility of a bear market.  Severino also pointed to historical data from the S&P 500 in the 1950s and 1960s, where similar RSI failure preceded a long market meltdown. During these times, cyclical peaks hit RSI readings of 77 or higher, but in 1969, the RSI failed to reach those highs, signaling underlying weakness. This market downturn ultimately led to the first lower low in over 20 years.  While this historical behavior of the S&P 500 does not mean that Bitcoin is destined for a lower high, it does suggest that the cryptocurrency does not need to reach extreme RSI levels to confirm a cycle top and a subsequent bear market.  Analyst Says BTC Has Hit Its Market Top In his analysis Severino confirmed that Bitcoin has already hit its market top for this bull cycle. Following his detailed analysis of Bitcoin’s RSI levels, a community member asked if Severino believes that Bitcoin reached a market top when its price surged above $109,000.  Related Reading: This Analyst Predicted The Bitcoin Price Crash From $91,000, Why It’s Far From Over The analyst responded positively, stating that current market data indicates that the cryptocurrency hit its highest price point for this bull cycle after Donald Trump’s US Inauguration Day. At the time, Bitcoin soared past $109,000, setting a new ATH and surpassing previous records. Featured image from Unsplash, chart from Tradingview.com