Bitcoin (BTC), Ethereum (ETH), and XRP's key technical indicators are sending risk signals. Particularly, XRP may face a severe decline if it fails to establish an early upward trend, and ETH suggests imminent volatility expansion with a surge in trading volume. Meanwhile, Bitcoin's failure to break through the major resistance line has raised the possibility of a loss of up to $100,000 (approximately 139 million won).
First, XRP's technical indicators are precariously hovering above the 26-day moving average (EMA). Traditionally, this point has served as a starting point for a rebound, but this time, the lack of clear buying pressure suggests a low probability of recovery. The steep upward trend line left by the recent bull market has diminishing sustainability, and a breakthrough failure could lead to a rapid decline. The first major support line is at the 50-day EMA level of $2.89 (approximately 4,012 won), and if this collapses, there is a risk of retreating to $2.70 (approximately 3,753 won).
In the case of Ethereum (ETH), trading volume has skyrocketed by 300%, drawing market attention. The current price is around $4,600 (approximately 6.39 million won), and an overbought signal is about to be detected due to the short-term rapid surge. The Relative Strength Index (RSI) is hovering just above the overbought zone, which typically indicates the possibility of entering a correction phase. The main support line is $4,000 (approximately 5.56 million won), with $3,500 (approximately 4.86 million won) being mentioned as a re-entry point if it breaks downward. Experts diagnose that while Ethereum is still in a structural uptrend, this surge in trading volume simultaneously increases the likelihood of profit-taking.
Bitcoin recently failed to break through the $121,000 (approximately 168.19 million won) level and has turned bearish. Particularly, the decline occurring with increased trading volume clearly indicates a 'sell-dominant' trend, raising the possibility of a trend reversal. The current 26-day EMA is drawing a flat curve, providing no clear direction, and the RSI is maintaining near the neutral level of 50, suggesting ample room for decline. The technical support line is at $115,000 (approximately 159.85 million won), and if it further collapses, the $110,000 (approximately 152.90 million won) level, which has rebounded multiple times in the past, is expected to be tested again. In a more severe case, concerns are raised that it could be pushed down to the $102,500 (approximately 142.48 million won) level.
Overall, the market is experiencing increasing uncertainty in the direction of major coins due to fatigue from the strong trend and a simultaneous contraction in investment sentiment. The short-term trend conversion will likely be determined by whether each cryptocurrency maintains its core levels. Investors should heighten their vigilance and closely observe technical indicators.
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