XRP Dips To $1.97 – A Golden Opportunity Before The Next Rally?
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. 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. 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.
Is The XRP Price Mirroring Bitcoin’s Macro Action? Analyst Maps Out How It Could Get To $71
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. A crypto analyst has presented a compelling case, suggesting that the XRP price may be closely mirroring Bitcoin’s historical macro action. By comparing its multi-year chart patterns and market behaviour, the analyst argues that XRP may be gearing up for a significant price rally to $71 and beyond. XRP Price Traces Bitcoin Path To Reach $71 TradingView crypto analyst RizeSenpai has forecasted that XRP could surge explosively to $71. At its current market price, this would represent a staggering 3,281% increase. Related Reading The TradingView expert conducted a detailed comparative analysis, drawing striking similarities between Bitcoin’s breakout from its multi-year accumulation range in 2015-2017 and XRP’s current price structure. He points out that XRP’s movements since it was listed on Poloniex in 2014 have closely mirrored Bitcoin’s macro price action but at a slower rate, estimated at 65%. For emphasis, the price chart shows that Bitcoin experienced a sharp surge of 5,424% after consolidating between 2013 and 2016 and finally breaking out in 2017. Similarly, XRP had a big rise in 2017 but has since been stuck trading within a large multi-year range for nearly six years as of the end of 2022. Source: RizeSenpai on Tradingview Recently, XRP broke out of its long-term price range and has been consolidating above its old all-time high resistance for several months. Considering its current price action, the analyst assumes that the asset may be attempting to move toward new breakout levels. The TradingView analyst has highlighted the potential for XRP to surge toward a more realistic target of $27 – $30, near the 1.618 Fibonacci Extension level. For reference, he shared a chart comparing Bitcoin’s past bull market breakout and performance with XRP’s current breakout and future price action. The chart reveals that when BTC broke out, it surged toward the 1.618 Fibonacci level at $61,800 before initiating a secondary run that topped at the 1.902 HOP level. As a result, RizeSenpai predicts that if XRP can completely mirror Bitcoin’s performance, it could skyrocket to $27, potentially reaching as high as $71, where the 1.902 HOP level lies. The Token To Surge Above $71 To $120 As mentioned earlier, XRP is still trading within a multi-year range breakout similar to Bitcoin’s in its past cycle. As of writing, XRP’s price sits at $2.13, having declined by more than 11% over the last month. Related Reading Notably, if the altcoin replicates the breakout momentum previously seen in Bitcoin, RizeSenpai predicts an explosive 5,400% increase, pushing its price to a very ambitious target of $120.94. This suggests that the TradingView analyst believes that XRP could exceed its previously projected target of $71 and climb past $120. Adding to the weight of this bullish forecast is the presence of a monthly Moving Average Convergence Divergence (MACD) Hidden Bullish Divergence. This technical indicator is often associated with an uptrend continuation and potential upside momentum. XRP trading at $2.1 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com
The Cardano Anomaly: ADA Quiet Now, But The Math Says Otherwise
Cardano (ADA) is slowly but steadily catching the attention of market watchers as it begins to reclaim upward momentum. After a stretch of sideways movement and bearish pressure that left the altcoin range-bound, ADA is now displaying signs of revival. The current price action might not be explosive, but it carries the hallmarks of a market quietly building strength one step at a time. This growing momentum suggests that bulls are gradually returning to the scene with renewed confidence. While caution remains across the broader crypto landscape, ADA’s calculated pace might actually be a sign of strength rather than weakness. Instead of rushing into overbought conditions, the altcoin is laying a solid foundation that could support a more durable rally. The Calm Setup For A Calculated Climb In a recent post on X, crypto analyst Gemxbt pointed out that Cardano exhibited a bullish structure, as the price trends steadily above 5, 10, and 20-hour moving averages. This alignment of short-term moving averages typically signals sustained buying pressure and growing bullish momentum in the market. It also suggests that the bulls are maintaining control in the short term, keeping Cardano on a steady upward path. Gemxbt’s observation reinforces that ADA’s recent price action isn’t just a temporary spike but rather a sign of strengthening technical foundations. When prices remain consistently above multiple key moving averages, it often reflects increased trader confidence and a favorable environment for further upward movement. He further noted that a key resistance level lies around the $0.62 mark, which could act as a near-term hurdle for ADA’s price advance. On the downside, solid support has formed near the $0.56 level, providing a cushion against potential pullbacks. These levels are crucial in determining the next directional move, as a break above resistance could trigger further gains, while a fall below support might signal short-term weakness. Gemxbt also highlighted that the Moving Average Convergence Divergence (MACD) indicator is currently crossing above the signal line, which suggests growing buying interest. This crossover typically marks the beginning of a momentum shift in favor of the bulls, increasing the likelihood of continued price appreciation. Potential Breakout Possibilities: What To Watch For If Cardano continues its upward trajectory and successfully breaks above the $0.68 resistance level, it could open the door to more gains. The next key levels to watch are at $0.81 and $0.90, where the price may encounter additional selling pressure. A break above these levels would push ADA toward even higher targets, such as $1.17 and $1.58. However, if ADA fails to break through the $0.68 level and retreats, the first support to monitor would be around $0.56 to $0.52, which has historically acted as a strong floor. A drop below these levels could signal a shift in market sentiment and lead to a deeper pullback.
Toncoin Eyes Notable Uptrend After Breaking Above This Key Chart Pattern
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. 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. 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.
XRP Primed for a Comeback as Key Technical Signal Hints at Explosive Move
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. 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. 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.
Toncoin Takes A Hit With 12% Correction After Failing To Break $4.34, More Pain?
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BNB Breaks Below $605 As Bullish Momentum Fades – What’s Next?
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. 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. 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.
Ethereum Price Confirms Breakout From Ascending Triangle, Target Set At $7,800
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. 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 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. Source: Sohaibfx on Tradingview 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 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. ETH trading at $1,791 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com
Ethereum Bulls Disappointed As Recovery Attempt Fails At $2,160 Resistance
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. 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 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. Bearish performance growing for ETH | Source: ETHUSDT on Tradingview.com 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 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. ETH trading at $1,867 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com
Uniswap (UNI) In Trouble? Price Crash Below $6.7 Signals Bigger Problems
Uniswap (UNI) has slipped below the crucial $6.7 support level, raising concerns about a potential extended downturn. This breakdown comes amid increasing selling pressure, signaling that the bulls may be losing their grip on the market. With volatility rising and market uncertainty growing, the next few trading sessions will be crucial in determining whether UNI can bounce back or if a prolonged downtrend is on the horizon. Will the bulls reclaim lost ground, or is UNI heading for even lower levels? Price Action and Technical Indicators Flash Warning Signs UNI’s price action is showing clear signs of weakness as the token struggles to regain momentum after breaking below the $6.7 support level. The recent downturn has intensified bearish sentiment, with sellers dominating the market and pushing UNI toward lower support levels. If buying pressure doesn’t return soon, further losses could be imminent. The asset has dropped below its 100-day Simple Moving Average (SMA), a key long-term support level. This breakdown suggests a potential shift toward a broader downtrend, especially if UNI fails to reclaim this level quickly. A prolonged stay below the 100-day SMA could reinforce seller dominance, increasing the risk of further declines. Meanwhile, the MACD has flipped bearish, with the signal line crossing below the MACD line, a classic indication that sellers are gaining strength. Additionally, Uniswap trading volume has declined, suggesting a lack of strong bullish participation to counteract the selloff. For Uniswap to regain strength, buyers must push the price back above $6.7 with strong volume, invalidating the breakdown. Until then, the risk of more downside toward $5.5 and $4.8 remains high. Can Uniswap Reclaim $6.7 and Reverse Course? Uniswap is at a critical inflection point after its recent breakdown below $6.70. As UNI struggles to regain momentum, traders and investors are left wondering whether this drop is just a temporary setback or the start of a deeper correction. While bears have dominated recent price action, the market questions whether UNI can fight its way back above this key level or if the resistance will hold. If UNI manages to break and hold above $6.7 with robust buying volume, it could indicate that bullish momentum is returning, invalidating recent bearish pressure and signaling a potential trend reversal. A decisive breakout above this level would restore investor confidence and also attract more buyers, leading to an extended rally. Should this scenario unfold, UNI might gain traction toward $8.7, with a sustained push driving the price to $10.3 and beyond in the coming weeks.
SUI Price Nears $2.82 Resistance – Is A Breakout Imminent?
SUI is making another attempt to break past the crucial $2.82 resistance, a level that has repeatedly challenged bullish momentum. After a steady climb, the price now stands at a decisive point—will buyers have enough strength to push through, or will sellers step in to defend this barrier once again? Recent price action suggests that positive sentiment is gaining traction, with increasing trading volumes and strong support levels forming beneath. However, past attempts to breach $2.82 have resulted in pullbacks, making this level a significant test for the market. A confirmed breakout could trigger a fresh rally to higher targets, while failure to overcome this hurdle may lead to renewed selling pressure. Chart Patterns And Technical Indicators: Signs Of A Breakout? SUI price action is showing promising signs of an impending breakout as it continues to test the critical $2.82 resistance level. Looking closer at the chart reveals the formation of bullish ascending candlesticks, a pattern characterized by higher lows and a steady resistance ceiling. This structure suggests that buyers are building momentum, increasing the likelihood of an upward breakout. Technical indicators further support this outlook. The Relative Strength Index (RSI) has climbed above 50, while the Moving Average Convergence Divergence (MACD) has shown a bullish crossover. Additionally, trading volume is rising, a key factor often preceding a breakout move. The price has also broken above the bearish trendline, signaling a potential shift in market sentiment. This breakout suggests that selling pressure is weakening, allowing buyers to regain control. A successful breakout from a bearish trendline usually indicates the end of a downtrend and the beginning of a possible upward movement. If SUI surpasses the critical $2.82 resistance level with a strong trading volume, it could ignite a significant rally, pushing the price toward $3.50 and beyond. Breaking above this level would indicate that buyers have gained control, invalidating previous resistance and setting the stage for further upside momentum. Rejection And Possible Pullback Levels For SUI While SUI’s bullish strength is building, the $2.82 resistance remains a formidable barrier, and failure to break above it might lead to a downside move. If buyers fail to sustain momentum, sellers may step in, triggering a rejection that could send the price back toward key support levels. The first critical support to watch lies around $2.36, a level where buyers previously defended against deeper declines. If selling pressure intensifies, SUI could drop toward $1.59. A break below this level may expose the price to deeper corrections, with $1.42 acting as a crucial defense zone for bulls.
PEPE Bulls Regain Control As Price Stays Above Moving Average
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. 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. 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.