This is a daily analysis of the best tokens with CME futures by Coindesk analyst and rented market technician Omkar Godbole.
Bitcoin: Resistance to $ 120k?
Bitcoin (BTC) Upswing has gathered rhythm, as indicated by the “accumulation of negative gamma” and the rupture of the bull flag of Ibit. The bull’s moment looks strong, evidenced by the 14 -day RSI that exceeded 70 and the MACD histogram that produces higher bars above the zero line, isn’t it reason to worry about bulls, or not?
With prices in unknown territory, the identification of resistance becomes difficult, so we look for the options market in search of clues. In Delibit, the strike call of $ 120,000 is the most popular option with an open interest of $ 2.37 billion and could be the next key level to see.
The Coinbase premium changed to the early negative level today, which suggests a weaker demand in the United States market along with a decrease in night in the morning in future perpetual accumulative perpetuals open in exchanges in the high seas. Both factors require caution by bulls.
Meanwhile, the RSI of the graph per hour requires attention, since a possible bearish divergence may arise, which indicates a pause in the upward trend and a possible correction.
- AI Take: The market that is in unknown territory makes it vulnerable to a setback despite the general positive feeling.
- Resistance: $ 120k
- Support: $ 113,666 (23.6% FIB of the rise since the minimum of June)$ 119,965 (Alto Mayo)
Ether: Bulls push through the supply zone
Ether (Eth) Finally, he has managed to clear the supply zone in around $ 2,800, which limited in May and June. An increase in spots volumes supports the rupture and, together with the fresh upward signal of the Multiple Guppy mobile average system, suggests a potential for a higher continuous movement, beyond $ 3,066, the 61.8% of the descending trend from December to April. With prices firmly above the Ichimoku cloud, along with a RSI greater than 70 and a growing MACD, they are likely to be superficial and well backed by around $ 2,600.
- AI Take: Ether’s rupture above the supply zone of $ 2,800 suggests a potential change in the feeling of the market and a bullish continuation.
- Resistance: $ 3,066, $ 3,400, $ 3,525
- Support: $ 2,880, $ 2,600, $ 2,370
Solana: Double rupture
Sol’s (SUN) The price of the price to a maximum of $ 166 triggered an inverse rupture of head and shoulders and marked a crossing in the territory of the bull over the Ichimoku cloud. That is a double breakup! The measured movement method applied to H&S inverse rupture suggests a possible rally at $ 200. On the highest road, prices can find resistance between $ 180 and $ 190, characterized by intradic maximums as of May. On the negative side, $ 145 is a key support, which, if lost, could be emboldened to bears.
- AI Take: The double rupture indicates a strong bullish confirmation, offering bulls a convincing case to pursue up. Prudent merchants must still manage the risk with detention orders and broader market conditions.
- Resistance: $ 180- $ 190 Range, $ 200.
- Support: $ 150 (The 100 -day SMA)$ 145 and $ 125.
XRP: Stronger Toro Moment from Jan
XRP
It has increased to $ 2.58, the highest since May 14, with the 14 -day RSI that crosses above 70 for the first time since January to suggest the strongest bundle impulse in six months. The rising MacD histogram also paints a bullish image, which supports a possible rupture above the resistance to $ 2.65 (Alto Mayo). After this, the approach would change to $ 3.00 and $ 3.39 (The annual maximum). The open interest of XRP perpetuals has increased to a new maximum of 833 million XRP of 833 million, which supports the rally.
- AI Take: The XRP market points to a significant bullish force.
- Resistance: $ 2.65, $ 3.00, $ 3.39.
- Support: $ 2.20, $ 1.90, $ 1.60.
