Key points from price forecasts
- Bitcoin stays in bearish domains at 3.32% dip. Additionally, the slide could lead to support of $103,701, a 200-day EMA.
- In contrast, ETH is bullish, hovering around $4,747, showing signs of integration
- Overall trader sentiment for XRP remains undecided as it shakes key support.
Bitcoin faces rejection and remains bearish
Bitcoin faced a denial on Saturday, continuing on the same downward track until Sunday, down 3.42%. The DIP was spotted on Friday after hitting the 100-day index moving average (EMA) at $110,865, closing at 3.94%. Bitcoin is still on the downside on Monday.
Meanwhile, technical indicators show a bearish trend. The relative strength index (RSI) reached 43, demonstrating bearish momentum. Relative strength index (RSI) Before investing in Crypto, it is an important technical indicator that tracks price momentum and trends essential for technical analysis. An RSI value above 70 indicates an asset being acquired in excess, which could lead to a decline in prices. RSI values below 30 indicate undervaluation and potential upward price momentum. Moving average convergence divergence (MACD) is below the signal line, indicating a weaker momentum. Both the moving average convergence divergence (MACD) and the relative strength index (RSI) show signs of a downward trend.
Further slides under the 100-day EMA will be continuously reduced to the next support at $103,701, a 200-day EMA. However, if you collect Bitcoin Gathers Support for $110,865 near the 100-day EMA, you can achieve that important resistance for $116,000.
Ethereum continues its bullish ride, hinting at the possibility of integration
In contrast to Bitcoin, Ethereum continues its bullish trajectory. ETH prices are integrated, leaving around $4,747.
ETH reached an astounding $4,232 on Thursday, and rose further to $4,956 on Sunday. Technical indicators such as the relative strength index (RSI) and moving average convergence branching (MACD) show bullish trends. The RSI is held at 64. Furthermore, the moving average convergence divergence (MACD) moves above the signal line, increasing the momentum of the rise. Maintaining bullish momentum could lead to ETH breakouts. Nonetheless, a trend reversal could reach a $4,488 correction level.
XRP depends on important support
The XRP/Ripple gives a mixed signal and rocks support at $2.99. XRP rounded up the $2.78 50% Fibonacci retracement level. Ultimately, we closed a Fibonacci retracement level of 61.8% at $2.99.
Technical indicators show neutral signs. The relative strength index (RSI) is 50 and has neutral emotion. Moving Average Convergence Divergence (MACD) It’s converging. Overall market trends are shaking with indecisiveness regarding XRP.
As Ethereum prices are gaining traction, overall market sentiment towards it remains bullish. General forecasts are directed towards integration. Meanwhile, both XRP and Bitcoin are giving mixed signals.
