This is a daily analysis of the best tokens with CME futures by Coindesk analyst and rented market technician Omkar Godbole.
Bitcoin: risk the deepest setback
Bitcoin (BTC) The several months rally seems to have reached a significant wall, with a confluence of bearish signals that emerge in the weekly and daily lists.
The weekly chandeliers shows that bulls have not been able to establish a support point above the macro trend line that connects the maximum of the 2017 and 2021 uprising market. This failed break is backed by the weakening impulse, since the MACD histogram, although still positive, is significantly lower than its peak in December 2024 when the macro trend line was proven for the first time.
The bearish feeling is further reinforced by the 14 -week RSI, which has broken its line of bullish trend of the minimum of March while continuing to print a series of lower maximums since March 2024.
In a short -term daily period, the change is even more pronounced. The three -line rest table, a tool designed to filter the minor noise and confirm trend changes, has printed three straight red bricks (gate)A classic bearish investment signal, confirming that sellers have seized control.
The combination of these signals: a long -term failed break, the impulse of weakening and a short -term confirmed reversal, indicates that a deeper correction is now the path of lower resistance and prices could eliminate immediate support at $ 11,965, the previous blow in May, for a immersion demand proof of $ 100,000.
Prices must overcome $ 122,056 to invalidate the bearish configuration.
- Endurance: $ 120,000, $ 122,056, $ 123,181.
- Support: $ 111,965, $ 112,301 (The 50 -day SMA)$ 100,000.
XRP: defiant descending trend line
While XRP
He is trying to get out of the bassist line of trend, which represents recent correction, the overwhelming impulse of mobile averages in deadlines per hour and daily suggests that a sustained rupture may not occur immediately.
Within the daily period, the price has seen a modest rebound, but this rally is limited by the recoil level of 38.2% of Fibonacci, which acts as a key resistance. This corrective movement is happening in a bearish context, with the averages of simple moving of 5 and 10 days (SMA) Continuing with the southern trend, confirming the descending bias. In addition, the 50, 100 and 200 hours SMA are stacked in a bassist configuration, all with a tendency to the south, a classic technical signal of a strong descent.
If we close above $ 3.00, the approach would change to a maximum of $ 3.33 recorded on July 28.
- Endurance: $ 3.33, $ 3.65, $ 4.00.
- Support: $ 2.72, $ 2.65, $ 2.58.
Ether: Outside the week
Ether fell almost 10% last week, forming a great candle of the bass external week, a significant bearish pattern, indicating that sellers seek to recover control.
This feeling is reinforced within the daily period. The daily candle table shows that the 5 and 10 days SMA have executed a bearish cross, confirming a break in the short -term upward trend.
So, while the price has seen a modest rebound since Sunday, its strength is questionable. This refers even more for the daily break -up table of three lines, which has printed two consecutive red bricks, a decisive bearish signal that confirms that the trend has been reversed to the disadvantage.
The combination of these long -term graphics already suggests that the lower resistance path is now lower.
- Endurance: $ 3,941, $ 4,000, $ 4,100.
- Support: $ 3,355, $ 3,000, $ 2,879.
Solana: Golden Cross
Solana’s recent setback seems to be fulfilling a critical test, with Bulls successfully defending a key support level in the last 24 hours. The price has bounced from the 61.8% fibonacci setback of its recent rally, a level often observed by operators as a strong potential price in a bullish trend.
Meanwhile, a large long -term signal is on the horizon: the SMA of 50 and 200 days are approaching a “Golden Cross”. While this is a delay indicator, a successful cross would be a powerful long -term bullish signal, confirming an important change in impulse and potentially preparing the scenario for a new sustained bullish trend.
For merchants, the next few days are critical, with the FIB level of 61.8% who needs to remain firm as support, while the impending Golden Cross provides a long -term bullish tail wind. Also keep in mind that despite the defense of the FIB level, the short -term trend remains bassist, with the simple mobile averages of 5 and 10 days (SMA) Continue with the lowest trend.
- Endurance: $ 175, $ 187, $ 200.
- Support: $ 156, $ 145, $ 126.
