After covering the poor state of the market in our most recent review, things turned around: Bitcoin could be preparing for another increase, XRP is recovering solid market positions and Ethereum is entering a pause after being pushed for days.
Ethereum sleeping?
The second largest cryptocurrency in the world, Ethereum, is dealing with a strange and worrying development: a disastrous decrease in volatility. With ETH firmly establishing around the $ 4,295 brand after weeks of silent activity, price changes have almost stopped. Such calm is not good for a market that depends on the impulse.
Due to its high commercial volume and constant market participation, Ethereum has a history of experiencing abrupt price swings, both ascending and down. The daily candles of ETH are becoming smaller, the volumes have decreased dramatically compared to the July peak and the asset seems to be stuck in a small range, which contradicts the current state of the game. Said differently, Ethereum is directed towards 0 volatility.
There are two possible interpretations for this lack of movement. Some that are optimistic could argue that Ethereum is only consolidating and gaining strength in preparation for their next break. While the 100 -day EMA at $ 3,620 acts as a secondary mattress, the 50 -day EMA at $ 4,124 offers strong short -term support. If the volatility backs back, ETH could soon return to the range of $ 4,600- $ 4,800.
However, at this time, the bassist interpretation is more credible. In general, a collapse in volatility indicates a diminishing interest of investors, a reduction in speculative flows and the possibility of strong correction in the event that sellers intervene. ETH runs the risk of falling below $ 4,124 in the absence of a new demand, which could pave the road for $ 3,620 and possibly the 200 days to $ 3,201.
In summary, the market must be careful with the collapse of Ethereum’s volatility. Under the apparent stability of the lack of movement is the danger of fatigue. The second largest cryptocurrency in the world can be about to immerse if ETH cannot attract new investors soon.
The next Bitcoin increase?
After weeks of correction and lateral trade, Bitcoin could be preparing subtly for his next leg up. BTC is currently quoted to around $ 111,583, where it is comfortably above the 200 days to $ 104,991, and just above the 100 -day EMA at $ 110,770, forming a hardened wedge pattern. Although the most recent rally attempt has not yet gained significant traction, the technical indicators point to the possibility of a new development of bullish trend.
With 47 points, the Relative Force Index (RSI), which is still below the 50th of 50, provides one of the strongest signals. In the past, these levels have often indicated that Bitcoin is oversized in relation to their long -term trend. This suggests that, although the commercial volume is not so enthusiastic, there are still many opportunities for buyers to intervene and increase prices.
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From a resistance perspective, the immediate barrier is at the level of $ 112,362. A rest above would allow the 50 -day EMA, which is currently at $ 114,878, it is reached. The recent bearish trend would invalidate, and a new bullish phase would probably be confirmed by a stronger movement above $ 116,000.
To preserve its bullish potential, Bitcoin needs to defend $ 110,770 in the inconvenience. A decrease under this region would reveal the 200 -day EMA, about $ 105,000, which would represent a more definitive test of long -term trend support.
Although the market has been cautious, the structure of the Bitcoin graph and the technical indicators generally indicate that the asset is preparing for a possible bullish trend. Alcist circumstances occur through the combination of RSI readings on overalls and consolidation near strong support. Bitcoin can move from its current stagnation to a new upward cycle; If the volume begins to increase in the coming weeks, you can try $ 114,000 and more.
XRP bears go back
XRP is beginning to show signs of recovery after weeks of bearish pressure and lateral trade. The asset is now trying to break the resistance levels that could pave the way for a broader recovery after recovering from the $ 2.77 support, and is currently quoted at approximately $ 2.91.
The first obstacle is the 26 -day EMA, which XRP is currently testing. The most obvious indication so far that bulls are recovering control after a silent August would be a confirmed closure above this mobile average. When that obstacle is exceeded, the 50 -day EMA at $ 3.07 will be the next objective. This resistance has already absorbed the sales pressure during the consolidation phase, which makes it structurally weaker than in the previous months. Consequently, the path to long -term recovery seems much more attainable than at the beginning of summer.
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There is a cautious optimism reinforced by impulse indicators. Indicating a new purchase interest, the RSI has increased around 50, separating from oversized levels. Although it is still well below the maximum of July, commercial volumes have increased marginally since the previous week, indicating that market share is beginning to recover.
Ascending objectives will expand rapidly if XRP can successfully break the 50 EMA, with the $ 3.30 zone emerging as the next resistance, and the $ 3.50 region not far away. The recovery history would weaken if $ 2.77 were not maintained, and XRP could be removed towards 200 EMA to $ 2.53.
At the moment, the market is emitting subtle but significant signals. Although there are still some early indications, XRP may not recover completely. If the 26 EMA yields and continues the impulse, a break above the 50 EMA could indicate the start of the next XRP Alcista phase.
