Bitcoin’s short-term recovery attempt is approaching a level that one analyst says could decide whether the bounce has more room to run. In a June 20 X post, Zip said BTC’s nearest local resistance on the H4 chart sits around $64,100, with the zone coming from both a 1:1 correction and the first key Fibonacci measurement at 38.2%.
That type of level matters because it gives traders a clean reaction point. If BTC reaches the area and rejects sharply, it would suggest that the bounce is still being capped by sellers. If price accepts above it, however, the setup could shift toward a stronger recovery structure, especially if volume and follow-through improve.
TradingView Setup Shows Buyers Still Under Pressure
A separate TradingView idea from LegionQ8 also framed Bitcoin as being in a fragile position. The analyst described BTCUSDT as having broken below a previous consolidation area before finding a local bottom and forming a broader ascending recovery channel. The problem, according to the chart summary, is that buyers then lost momentum near the upper boundary, leading to a fresh breakdown.
That leaves the market watching whether BTC can hold around a major buyer zone near $61,800. In plain terms, the market has not yet proven that the recovery has fully regained control. It has bounced, but the next test is whether that bounce can absorb resistance rather than fold at the first major technical barrier.
Why $64,100 Matters
The $64,100 zone is therefore less about one magic price and more about market behavior. A clean rejection would reinforce the idea that sellers still own the local structure. A reclaim would give bulls a better argument that the recent buyer-zone reaction is starting to develop into something stronger.
For now, the setup remains tactical rather than decisive. Bitcoin has nearby resistance above and major demand beneath, leaving short-term traders watching reaction rather than prediction.
This report is based on information from Zip on X and TradingView LegionQ8.
This article was written by the News Desk and edited by Samuel Rae.
NEAR Protocol trades at $1.32 with technical indicators showing mixed signals. Key resistance at $1.38 could trigger rally to $1.46, while $1.28 support holds downside risk.
What Crypto Analysts Are Saying About NEAR Protocol
While specific analyst predictions are limited for the immediate term, historical price projections from late 2025 suggested NEAR Protocol could trade between $2.82-$4.69 throughout 2026, with an average target of $4.22. However, current market conditions show NEAR trading significantly below these projections at $1.32.
According to on-chain data platforms, NEAR Protocol’s recent performance has been impacted by broader market volatility, with the token experiencing a 2.01% decline in the past 24 hours. Trading volume remains healthy at nearly $15 million on Binance spot markets, indicating sustained interest despite the price correction.
NEAR Technical Analysis Breakdown
The NEAR price prediction outlook shows mixed technical signals as the protocol navigates key price levels. Currently trading at $1.32, NEAR sits precisely at its 20-day simple moving average, suggesting a critical inflection point for future direction.
The Relative Strength Index (RSI) at 52.75 places NEAR in neutral territory, neither oversold nor overbought. This positioning suggests potential for movement in either direction based on market catalysts. The MACD indicator shows a flat histogram at 0.0000, indicating bullish momentum may be building as the signal and main lines converge.
Bollinger Bands analysis reveals NEAR trading within the middle portion of its recent range, with the upper band at $1.46 and lower band at $1.18. The current %B position of 0.48 suggests room for upward movement toward the upper band resistance.
Key moving averages paint a mixed picture for the NEAR Protocol forecast. While the 7-day SMA at $1.38 sits above current price levels, creating immediate resistance, the 50-day SMA at $1.17 provides strong support. However, the 200-day SMA at $1.89 remains well above current levels, indicating longer-term bearish pressure.
NEAR Protocol Price Targets: Bull vs Bear Case
Bullish Scenario
A break above the immediate resistance at $1.38 could trigger momentum toward the strong resistance level of $1.46, representing the upper Bollinger Band. This move would require confirmation through increased volume and RSI breaking above 60. The ultimate bullish target sits at the 200-day moving average near $1.89, though this would require significant market catalyst.
For bulls to maintain control, NEAR must hold above the 20-day SMA at $1.32 and generate momentum past the 7-day average at $1.38. A decisive break of $1.46 could open the path toward $1.60-$1.70 levels.
Bearish Scenario
Failure to hold current support at $1.30 could lead to a test of strong support at $1.28. A break below this level might trigger selling pressure toward the 50-day SMA at $1.17, representing the lower Bollinger Band area.
The most concerning scenario for NEAR holders would be a breakdown below $1.17, which could accelerate selling toward psychological support near $1.00. The Average True Range of $0.08 suggests daily volatility could produce rapid moves in either direction.
Should You Buy NEAR? Entry Strategy
For traders considering NEAR Protocol positions, current technical levels offer defined entry and exit points. Conservative buyers might wait for a pullback to the $1.28-$1.30 support zone, providing better risk-reward ratios.
Aggressive buyers could enter near current levels around $1.32, with a stop-loss below $1.28 to limit downside risk. The target for this strategy would be the $1.38-$1.42 resistance cluster.
Dollar-cost averaging presents another viable approach given NEAR’s position at key moving average support. Scaling into positions between $1.28-$1.35 could capture any upward momentum while managing downside risk.
Conclusion
The NEAR price prediction for the coming week suggests a crucial test of resistance levels that could determine short-term direction. With technical indicators showing neutral to slightly bullish signals, NEAR Protocol appears positioned for a potential breakout attempt above $1.38.
However, traders should remain cautious given the significant gap between current prices and longer-term moving averages. The NEAR Protocol forecast depends heavily on broader market sentiment and the ability to generate sustained volume above key resistance levels.
Disclaimer: This NEAR price prediction is for informational purposes only and should not be considered financial advice. Cryptocurrency investments carry substantial risk, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance before making investment decisions.
Cardano (ADA) trades at $0.26 with neutral RSI at 44.50. Technical analysis suggests potential bounce to $0.30 resistance level, though bearish MACD momentum persists.
Cardano (ADA) is displaying mixed technical signals as it consolidates around the $0.26 price level. With trading volume reaching $33.9 million on Binance and key indicators showing neutral to bearish momentum, traders are watching for directional confirmation in the coming sessions.
While specific analyst predictions from key opinion leaders are limited in recent sessions, available technical analysis from Blockchain.News suggests mixed sentiment for ADA. According to their March 9 analysis, “ADA trades at $0.25 with neutral RSI at 41.30. Technical analysis suggests $0.27 resistance test possible, while AI models project ambitious $3.25+ targets by year-end.”
The publication’s earlier March 8 report indicated similar technical patterns, noting that “ADA trades at $0.25 with mixed signals as RSI sits neutral at 39. Technical analysis suggests potential bounce to $0.30 resistance, but bearish momentum persists across key indicators.”
According to on-chain data platforms, Cardano’s current market structure reflects consolidation patterns typical of assets preparing for directional moves, though the specific direction remains uncertain given the mixed technical signals.
ADA Technical Analysis Breakdown
Cardano’s current technical picture presents a nuanced outlook with several key indicators worth monitoring:
RSI Analysis: The 14-period RSI sits at 44.50, firmly in neutral territory. This reading suggests neither oversold nor overbought conditions, leaving room for movement in either direction. The neutral RSI aligns with the current consolidation phase.
MACD Momentum: The MACD indicator shows bearish undertones with a reading of -0.0084 and a matching signal line. The histogram at 0.0000 indicates minimal momentum, suggesting the bearish trend may be losing strength but hasn’t yet reversed.
Bollinger Bands Position: ADA is currently positioned at 0.34 within the Bollinger Bands, closer to the lower band ($0.25) than the upper band ($0.29). This positioning suggests the asset is trading in the lower portion of its recent range, potentially setting up for a bounce toward the middle band at $0.27.
Moving Average Structure: The short-term moving averages show ADA below key resistance levels, with the SMA 20 at $0.27 and SMA 50 at $0.29 both serving as immediate overhead resistance. The SMA 200 at $0.51 remains significantly higher, indicating the longer-term trend challenge.
Cardano Price Targets: Bull vs Bear Case
Bullish Scenario
In a bullish scenario for this ADA price prediction, Cardano could target the $0.30 level, representing the upper Bollinger Band and a key psychological resistance area. Technical confirmation would require:
RSI breaking above 50 and maintaining momentum
MACD histogram turning positive with a bullish crossover
Volume expansion above the current $33.9 million daily average
Successful breach and hold above the $0.27 resistance level
A successful break above $0.30 could open the door for a test of the $0.35-$0.40 range, though this would require broader market cooperation and fundamental catalysts.
Bearish Scenario
The bearish case for this Cardano forecast centers around a breakdown below the $0.25 support level. Risk factors include:
MACD remaining in negative territory with increasing bearish momentum
Failure to reclaim the $0.27 middle Bollinger Band
Declining trading volume signaling lack of buying interest
Broader cryptocurrency market weakness
A break below $0.25 could target the $0.20-$0.22 zone, where previous support levels might provide some buying interest.
Should You Buy ADA? Entry Strategy
Based on current technical levels, potential entry strategies include:
Conservative Approach: Wait for a clear break above $0.27 with volume confirmation before initiating long positions. This approach reduces risk but may result in missing early move profits.
Aggressive Approach: Consider accumulating near the $0.25-$0.26 support zone with tight stop-losses below $0.24. This strategy offers better risk-reward ratios but carries higher probability of stopped-out positions.
Risk Management: Regardless of entry strategy, position sizing should account for ADA’s daily ATR of $0.02, suggesting potential daily moves of 7-8% are normal. Stop-losses below $0.24 for long positions help limit downside exposure.
Conclusion
This ADA price prediction suggests Cardano is at a critical juncture, with the potential for a move toward $0.30 resistance if bullish momentum emerges. However, the mixed technical signals warrant caution, and traders should prepare for continued range-bound trading between $0.25-$0.30 until clearer directional signals emerge.
The neutral RSI and weakening bearish MACD momentum provide some optimism for bulls, but confirmation through volume and price action remains essential. The Cardano forecast for the coming weeks largely depends on whether ADA can reclaim and hold above the $0.27 level.
Disclaimer: This price prediction is based on technical analysis and market data available as of March 12, 2026. Cryptocurrency investments carry significant risk, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance before making investment decisions.
Monad price moved within the $0.020 and $0.23 range on Tuesday.
The layer 1 project eyes traction as $100 million in private credit becomes verifiable on-chain.
MON price could retest resistance at $0.030.
Monad’s native token, MON, was trading near $0.021 after falling about 7% over the past 24 hours.
Data from CoinMarketCap showed the decline followed renewed profit-taking after prices revisited the $0.025 level.
Continued weakness in Bitcoin and other major altcoins could add further pressure on MON in the near term.
However, some analysts see potential for a rebound as Monad positions itself as a platform for institutional-grade decentralised finance.
Recent developments include a network milestone that enables $100 million in private credit to be fully verifiable on-chain, as well as leadership changes at the Monad Foundation, which have renewed interest in the project’s longer-term prospects.
Monad’s growth amid Valos $100 million private credit launch
Monad’s public mainnet went live in November 2025, with the team unveiling a token sale on Coinbase.
In the few months since, the L1 project has seen nearly $480 million in stablecoin market cap, and DeFiLlama shows total value locked (TVL) currently sits at over $250 million.
Growth along these metrics suggests the native MON token could benefit as adoption ramps up.
On Tuesday, Valos announced the launch of a $100 million private‑credit vault on Accountable’s Yield App.
Notably, the private credit is now fully verifiable on‑chain via Monad. On-chain private credit effectively bridges traditional finance and DeFi, adding to adoption potential.
In parallel, the Monad Foundation has strengthened its institutional‑facing leadership by appointing three senior executives.
Urvit Goel joins from the Optimism Foundation as VP of go-to market, Joanita Titan assumes the role of head of institutional growth from FalconX, and Sagar Sarbhai, formerly of BVNK, is the new head of institutions for Asia‑Pacific.
The hires target institutional investors of the L1, which in turn could support higher demand for MON within an expanding ecosystem.
Monad price forecast
At the time of writing, MON trades in the $0.020-$0.023 range, with daily trading volume down 30% to suggest seller dominance is waning.
Monad price chart by CoinMarketCap
From a short‑term perspective, protocol adoption and shifts in macro conditions could help bulls hold $0.020 as they target a breakout to $0.030.
This outlook has been helped by the bounce from all-time lows of $0.016 in early February.
If momentum flips bullish, the all-time high near $0.05 will be a fresh short-term target.
On the downside, negative sentiment around new layer 1 tokens could scuttle bulls’ ambitions.
That outlook has hindered ZetaChain, Berachain, and Aster in recent weeks. Monad’s token could thus revisit lows of $0.016-$0.010 as support levels.
Mantle price jumped 10% to highs of $1.27 as bulls extended gains above the $1.20 mark.
Bulls will eye $2.00 next, but selling pressure may yet resurface.
Decentralized finance, tokenization, and ETFs could be key pillars for bulls.
Mantle (MNT) has surged past the $1.20 threshold with a +10% surge in the past 24 hours, signaling potential sustained momentum.
As of writing on December 12, 2025, MNT traded around $1.26. The recovery in the period follows recent consolidation, which mirrored the broader market.
A similar outlook surrounded most decentralized finance (DeFi) and real-world asset (RWA) focused tokens.
Mantle price rides bullish sentiment
Mantle’s price has gained in recent sessions as bulls capitalize on fresh positive market sentiment. After Bitcoin held above $90k, upbeat traders have helped propel several altcoins higher.
On December 12, 2025, Ethereum held above $3,200. On the other hand, MNT climbed by over 10% to decisively break above the $1.20 resistance level.
Bears had capped Mantle’s advances for much of the past fortnight.
This intraday surge, which saw the token peak at $1.27 before stabilizing around current prices, came amid a notable spike in daily trading volume.
Data from CoinMarketCap shows rising activity pushed trading volume to $170 million, up by 5% in the past 24 hours.
The move aligns with a broader crypto rally, where Ethereum-based assets.
A lot of this has to do with renewed institutional inflows and anticipation surrounding ETFs and regulatory clarity.
Mantle’s total value locked (TVL) has jumped from $385 million to above $430 million, helped by the Mantle and Bybit partnership.
On December 10, 2025, Bybit and Mantle announced a collaboration with Almanak, an AI-powered quantitative trading platform.
The alliance deploys Almanak’s token on the Mantle network, complete with a dedicated liquidity pool and seamless integration of its no-code, multi-agent AI strategy engine.
Mantle price forecast
While the market remains jittery, Mantle’s price trajectory appears poised for continued expansion.
The blockchain platform offers a modular architecture and combines optimistic rollups with innovative data availability solutions. DeFi, RWAs, and crypto ETFs could play a key role in solidifying the bulls’ stance.
Having tested $1.27, MNT could next target resistance near $1.50, and a breakout will bring $2.00 into play.
This outlook will strengthen if Bitcoin sees new upside momentum that spills over into altcoins.
Mantle price chart by CoinMarketCap
However, volatility persists, and a broader market correction tied to macroeconomic and geopolitical headwinds may yet encourage bears.
If MNT’s price fails to break higher or stabilize above $1.20, a short-term bearish flip could bring lows of $0.9 into view.
As well as market conditions, bulls will watch out for overall network and partnership milestones. MNT price reached an all-time high of $2.85 in October 2025.
Bitcoin Cash trades at $540.20, up 3.6% daily, approaching upper Bollinger Band resistance with bullish MACD momentum suggesting potential breakout above key $568 level.
Quick Take
• BCH trading at $540.20 (up 3.6% in 24h)
• Technical momentum driving price action amid quiet news cycle
• Testing upper Bollinger Band resistance at $557
• Following broader crypto market strength with Bitcoin correlation
Market Events Driving Bitcoin Cash Price Movement
Trading on technical factors in absence of major catalysts, Bitcoin Cash has gained 3.6% in the past 24 hours as the broader cryptocurrency market maintains positive momentum. No significant news events have emerged in the past week specifically impacting BCH price, leaving technical analysis and overall market sentiment as primary drivers.
The BCH price movement aligns with broader crypto market strength, with Bitcoin posting gains that have lifted most altcoins. Bitcoin Cash technical analysis shows the token benefiting from improved risk appetite in digital assets, though trading remains within established ranges rather than responding to fundamental catalysts.
BCH Technical Analysis: Bullish Momentum Building
Price Action Context
BCH price currently sits at $540.20, notably above all major moving averages including the 200-day SMA at $516.19. The cryptocurrency has established a clear bullish structure with the 7-day SMA ($532.44) above the 20-day SMA ($512.23), indicating short-term momentum remains positive. Bitcoin Cash is tracking closely with Bitcoin’s performance while maintaining its own technical patterns.
Trading volume on Binance spot market reached $57.4 million over 24 hours, suggesting adequate liquidity for the current price levels without indicating extraordinary institutional interest.
Key Technical Indicators
The MACD histogram at 5.58 shows strong bullish momentum, with the MACD line (5.86) well above its signal line (0.28). This Bitcoin Cash technical analysis suggests underlying buying pressure continues to build.
RSI at 54.43 remains in neutral territory, providing room for further upside movement without entering overbought conditions. The Stochastic oscillator readings (%K: 76.98, %D: 75.94) approach overbought levels but haven’t yet signaled an immediate reversal.
Critical Price Levels for Bitcoin Cash Traders
Immediate Levels (24-48 hours)
• Resistance: $557.44 (Upper Bollinger Band and psychological level)
• Support: $532.44 (7-day moving average confluence)
Breakout/Breakdown Scenarios
A break above $557 resistance could trigger momentum toward the immediate resistance at $568.10, with the stronger resistance zone at $601.20 representing the next major target. Conversely, if BCH price falls below the $532 support, the 20-day moving average at $512.23 becomes the next critical test.
BCH Correlation Analysis
• Bitcoin: BCH following Bitcoin’s lead with similar percentage gains, maintaining typical altcoin correlation during risk-on periods
• Traditional markets: Limited direct correlation visible in current trading session, with crypto-specific factors driving movement
• Sector peers: Performing in line with other major altcoins, neither leading nor lagging significantly
Trading Outlook: Bitcoin Cash Near-Term Prospects
Bullish Case
A sustained break above $557 with volume confirmation could signal the start of a more significant rally toward $568-$601. The bullish MACD configuration and position above all moving averages support continued upside potential. Bitcoin Cash technical analysis suggests the path of least resistance remains higher if broader crypto sentiment stays positive.
Bearish Case
Failure to break the upper Bollinger Band resistance combined with any Bitcoin weakness could lead to profit-taking. Key support at $532 must hold to maintain the current bullish structure, with a break potentially targeting the $512-$515 area.
Risk Management
Given the daily ATR of $38.38, traders should position stops below $525 for long positions to account for normal volatility. Consider reducing position size if BCH approaches overbought RSI levels above 70, as momentum trades typically see profit-taking in those zones.
ATOM price prediction shows potential recovery to $4.35 resistance level as oversold conditions and analyst targets suggest upside despite current bearish momentum.
ATOM Price Prediction Summary
• ATOM short-term target (1 week): $3.64 (+13.8%) – aligning with CoinCodex forecast
• Cosmos medium-term forecast (1 month): $3.76-$4.35 range with potential breakout scenario
• Key level to break for bullish continuation: $4.35 immediate resistance
• Critical support if bearish: $2.95 (52-week low) and $2.85 Bollinger lower band
Recent Cosmos Price Predictions from Analysts
The latest ATOM price prediction landscape reveals a divided analyst community with significantly varying targets. PricePredictions.com presents the most optimistic Cosmos forecast with a $12.78 medium-term ATOM price target, representing a massive 299% upside from current levels. This prediction relies heavily on Fibonacci retracements and moving average convergence scenarios.
In contrast, short-term focused analysts remain conservative. CoinCodex projects a modest $3.64 ATOM price target by November 12, while DigitalCoinPrice suggests an even more restrained $3.76 by today’s date. The consensus among short-term predictions indicates cautious optimism, with most analysts expecting ATOM to trade within a narrow range before any significant directional move.
The stark difference between short and medium-term predictions suggests analysts see current price action as a consolidation phase before a potential major breakout.
ATOM Technical Analysis: Setting Up for Recovery
Current Cosmos technical analysis reveals ATOM trading at oversold levels with several indicators suggesting a potential reversal setup. The RSI reading of 35.60 sits in neutral territory but closer to oversold conditions, historically a favorable zone for ATOM price recoveries.
The MACD histogram at -0.0512 shows bearish momentum, but the relatively small negative reading suggests selling pressure may be waning. ATOM’s position at 0.1869 within the Bollinger Bands indicates the token is trading near the lower band support at $2.85, often a technical bounce zone.
Volume analysis shows $4.1 million in 24-hour Binance spot trading, which represents moderate interest but lacks the conviction seen during major trend reversals. The daily ATR of $0.39 suggests ATOM maintains healthy volatility for potential price movements in either direction.
Cosmos Price Targets: Bull and Bear Scenarios
Bullish Case for ATOM
The primary bullish ATOM price prediction centers on a recovery to the immediate resistance at $4.35, representing a 36% upside from current levels. This target aligns with recent price action and the EMA 12 at $3.48 serving as the first hurdle.
A successful break above $4.35 opens the door to test the SMA 50 at $4.17 and eventually the strong resistance at $4.89. The most optimistic scenario sees ATOM challenging the 52-week high at $5.38, though this would require significant volume confirmation and broader crypto market support.
For the bullish Cosmos forecast to materialize, ATOM needs to reclaim the SMA 20 at $3.77 and maintain above the pivot point at $3.19.
Bearish Risk for Cosmos
The bearish ATOM price prediction scenario focuses on a breakdown below the critical $2.95 support level, which represents the 52-week low. A decisive break below this level could trigger algorithmic selling and push ATOM toward the psychological $2.50 level.
The Bollinger lower band at $2.85 serves as immediate support, but sustained trading below this level would confirm bearish momentum. Risk factors include continued crypto market weakness, reduced staking rewards, or negative developments in the Cosmos ecosystem.
Should You Buy ATOM Now? Entry Strategy
Based on current Cosmos technical analysis, the optimal buy or sell ATOM decision depends on risk tolerance and timeframe. Conservative investors should wait for a clear break above $3.48 (EMA 12) before considering long positions, with a stop-loss at $2.85.
Aggressive traders might consider accumulating ATOM near current levels around $3.20, anticipating a bounce from oversold conditions. Position sizing should remain modest given the mixed technical signals, with stops placed below the $2.95 support level.
The most prudent approach involves scaling into positions, buying 30% at current levels, 40% on any dip to $3.00, and the remaining 30% if ATOM tests the $2.85 Bollinger support.
ATOM Price Prediction Conclusion
The comprehensive ATOM price prediction analysis suggests a cautiously optimistic outlook with a medium confidence level. Technical indicators point to potential upside toward $4.35 within the next 30 days, supported by oversold RSI conditions and analyst forecasts.
Key indicators to monitor include the RSI breaking above 40 for bullish confirmation, MACD histogram turning positive, and volume increasing above $6 million daily. Invalidation of this Cosmos forecast would occur on a break below $2.85 with sustained selling pressure.
The timeline for this prediction centers on the next 2-4 weeks, with the first test coming at the $3.48 EMA 12 level. Traders should prepare for volatility as ATOM navigates between critical support and resistance levels in an evolving crypto market environment.
BTC has settled around $107,000 as of now after the recent wild swings.
A lot can change in the cryptocurrency markets in the span of ten days or so, which has been evident since October 10. At the time, BTC traded confidently above $120,000, coming on the heels of yet another all-time high at $126,000. The overall sentiment was evidently bullish since Uptober had just started, and massive price predictions were going left and right.
Then all hell broke loose on October 10 when BTC plunged by up to $20,000 on some exchanges, bottoming at $101,000 (on Binance). Although it bounced off immediately after it cleared billions of over-leveraged positions, its recovery attempts were halted at $116,000, and the bears came back around on October 17.
As reported yesterday, bitcoin experienced another volatile rollercoaster, which pushed it to under $104,000 this time. Trump’s positive news on the US-China tariff front brought some relief, and BTC has since stalled at $107,000. The question now is what’s next, and analysts are quick to offer different opinions.
Reclaim These Levels, BTC
Satoshi Flipper weighed in on the lower timeframe (1 hour), saying that “the market would really love for BTC to reclaim $108K and break through this LFT falling wedge resistance.”
Michaël van de Poppe brought up another important level for BTC to reconquer – $110,000. He believes liquidity has disappeared lately, which leaves ATH levels out of the question for now. However, if BTC goes beyond $110,000, the broader market’s structure could improve immediately.
It’s very important for #Bitcoin to break the $110K mark.
Right now, liquidity is simply gone, through which it will take time before we’re going to have a new pattern/ATH, but it’s not far away. pic.twitter.com/Ija1ZUubXQ
Crypto Tony outlined the other side of the coin. He noted that BTC is still in great danger of falling below the coveted $100,000 level, which is anticipated by the crowd, as mentioned in a recent poll report. The analyst envisioned another wave down, especially if BTC fails to stage a quick and decisive rebound.
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In Crypto Tony’s doomsday scenario, bitcoin will fall to $95,000 or even $91,000 before it finally bottoms.
It all lines up nicely across the board for another wave down. Bitcoin i see us dropping to $95,000, possibly testing the $91,000 region before we find a bottom
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XRP has entered a consolidation phase after a recent recovery, currently trading below $2.50 as bulls and bears battle for control. The price is attempting to climb above the $2.420 zone, showing early signs of bullish momentum. However, strong resistance near $2.50 and $2.60 could dictate the next major price move.
The market data from Kraken indicates that XRP is trading below its 100-hourly Simple Moving Average (SMA). On the hourly chart, a bearish trend line is forming near $2.50, presenting a crucial level for bulls to overcome if an upside surge is to occur.
Technical Indicators Suggest Possible Upside
XRP’s recent recovery started from support around $2.30, following broader market gains in Bitcoin and Ethereum. The price climbed past $2.35 and $2.40, entering a positive zone. Bulls managed to push XRP above the 61.8% Fibonacci retracement level of the downward wave from the $3.05 swing high to the $1.40 swing low.
Despite this progress, bears remain active near $2.55–$2.60, preventing a decisive breakout. If XRP successfully breaches the $2.60 resistance, it could target the 76.4% Fibonacci retracement level at $2.66. Clearing this barrier may set the stage for further gains toward $2.75 and $2.78, with the next major hurdle around $2.82.
Analysts note that these levels represent critical zones where traders should watch for confirmation of momentum. A sustained break above $2.60–$2.66 could signal the start of a stronger bullish trend.
Support Levels to Watch for Downside Risk
If XRP fails to clear the immediate resistance, a decline could follow. Initial support is found near $2.40, with the next major level at $2.30.
A break and daily close below $2.30 may open the door to further downside toward $2.2420, followed by $2.22 and potentially $2.12 if selling pressure intensifies. Traders are advised to monitor these support levels closely, as they may act as key pivot points for price recovery or continued decline.
Market Sentiment and Broader Implications
The XRP market remains sensitive to broader crypto trends. Positive momentum in Bitcoin and Ethereum often supports altcoins like XRP, while negative moves can exacerbate short-term selling pressure. Technical patterns indicate that the current consolidation is a preparatory phase, with buyers accumulating below resistance zones before attempting a breakout.
If bulls successfully push XRP above the $2.60–$2.66 range, the cryptocurrency could experience a strong upward wave, attracting both retail and institutional traders seeking entry in anticipation of a potential breakout toward $2.75–$2.82.
Trading Strategy Considerations
For traders looking to capitalize on the potential upside, the key levels to watch are:
Resistance: $2.50, $2.60, $2.66, $2.75, $2.82
Support: $2.40, $2.30, $2.2420, $2.22, $2.12
Breaks above or below these levels are likely to dictate the next major price trend. Short-term traders may consider setting stop-losses below $2.30 to manage downside risk, while targeting profits near $2.66–$2.75 in case of a successful breakout.
Conclusion: XRP on the Verge of a Potential Surge
XRP’s current consolidation below $2.60 reflects a critical juncture for bulls. If buyers overcome key resistance levels, the cryptocurrency could initiate a fresh upward trend toward $2.75 and beyond. Conversely, failure to breach resistance could result in a retracement to support zones around $2.40–$2.30.
With market participants closely watching these levels, the next few trading sessions could determine whether XRP continues its bullish recovery or faces renewed downside pressure. Technical analysis suggests that overcoming $2.60–$2.66 could trigger a significant upside explosion, making this a pivotal moment for XRP traders.
