U.Today – Price action has strengthened recently, indicating that the death cross that has been looming for several months will not happen. When the short-term moving average crosses below the long-term moving average, it is called a death cross and usually indicates bearish momentum. However, XRP’s recent performance indicates a potential trend reversal.
The 200-day EMA is a key technical level that traders often monitor, and it is where XRP is currently facing resistance. As you can see in the attached chart, XRP is struggling against this key resistance, hovering around the $0.55 range. The asset may avoid a death cross if there is a successful break above the 200 EMA and the beginning of a modern uptrend. Another sign of a decision point is converging EMAs.
If XRP is able to maintain its position above this barrier, a modern upward momentum may be generated that will enable the token to continue to grow. Conversely, if XRP is unable to overcome resistance, it may be pushed lower, increasing the likelihood of a death cross. The future of XRP currently depends largely on its ability to overcome this significant resistance level.
The asset may manage to avoid an impending bear signal and start a long-term uptrend, or the market may experience additional selling pressure in the coming weeks. The development of the situation will depend on future price movements. To gain more clarity on the direction to go, keep an eye on volume and price reactions in the coming days.
he finally does it
Bitcoin has just completed a long-term downtrend that began in March 2024, breaking above the significant resistance level at $66,000. The long-awaited $70,000 mark could be within reach if this breakout sparks a long-term price rally. However, there is a gigantic worry: the low breakout volume suggests that the bulls are in no rush to drive up the price of Bitcoin.
From a technical perspective, a break above $66,000 is significant, but in the absence of much buyer interest it does not matter. Low volume creates the risk that bulls may lack the momentum necessary to maintain a robust uptrend, jeopardizing any potential upside. This reluctance from buyers suggests that there may be obstacles to pushing Bitcoin towards $70,000.
The $65,900 amount is the next immediate level of support. The bullish case for Bitcoin could be further undermined if the price falls back into a consolidation phase and is unable to sustain above this level. But if Bitcoin is able to maintain the price above $66,000 and attract more buyers, there could still be upward pressure on the price, perhaps to reach $70,000.
Bitcoin is still at a pivotal moment. Confirming that the bulls are ready to take control and push prices higher requires a significant enhance in volume. If not, this breakout could turn out to be a false indication, leaving Bitcoin vulnerable to downward pressure.
pushes forward
Dogecoin is causing confusion by breaking above a significant resistance level, suggesting that the meme coin could soon change its dynamics. DOGE has recently entered a double top, a downtrend that usually indicates bearish price action.
But now that Dogecoin has crossed the key $0.13 threshold, the pattern is no longer valid. Unlike a return to the previous down cycle, breaking through this high indicates that Dogecoin may be gearing up for a long-term uptrend. This break is critical because it allows DOGE to rise even higher, especially if buying pressure continues to enhance. The next significant hurdle could be higher price levels, which would give bulls plenty of opportunities to push the price higher now that $0.13 has passed.
Since Dogecoin has flipped the script by moving above a double top pattern that usually indicates weakness, invalidating it is particularly critical. This creates room for a more confident scenario in which DOGE continues to grow. While volatility should always be taken into account, Dogecoin’s recent performance suggests that a long-term bull run may be in the offing.
DOGE could reach even higher levels if buyers continue to buy and push the price above significant resistance levels. However, as the breakout continues, a move above $0.13 is encouraging for Dogecoin fans for now, and there appears to be a robust opportunity for additional gains. Monitor market reaction in the coming days to determine if this rally actually has lasting strength.
