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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP momentum indicators hint at correction
Bitcoin (BTC) and Ethereum (ETH) are approaching their crucial support levels on Monday; a firm close below would lead to a correction. Ripple (XRP) price follows BTC and ETH as it nears its ascending trendline; a close below would lead to a pullback ahead.
Bitcoin bulls show signs of exhaustion
Bitcoin price reached a new all-time high of $109,588 last week but failed to maintain its upward momentum. BTC
started declining slightly since Saturday and fell 2.22% until Sunday. At the time of writing on Monday, it
continues to trade down, approaching its key support level of around $100,000.
If BTC closes below the $100,000 level, it could extend the decline to test its next key support around $90,000.
The Relative Strength Index (RSI) indicator on the daily chart reads 51, slightly above its neutral level of 50;
however, it points downwards, indicating a weakness in bullish momentum. The Moving Average Convergence Divergence
(MACD) indicator is also converging. If the MACD flips to a bearish crossover on a daily basis, it would give sell
signals and suggest a downtrend.The Relative Strength Index (RSI) indicator on the daily chart reads 51, slightly
above its neutral level of 50; however, it points downwards, indicating a weakness in bullish momentum. The Moving
Average Convergence Divergence (MACD) indicator is also converging. If the MACD flips to a bearish crossover on a
daily basis, it would give sell signals and suggest a downtrend. However, if the $100K support level holds, it would extend the recovery to retest its Monday’s ATH of $109,588.
Ethereum is poised for a downleg if it closes below the 200-day EMA
Ethereum bulls were retested, and support was found around its 200-day Exponential Moving Average (EMA) at $3,136
the previous week. However, it declined by 2.6% on Sunday. It trades down at Monday’s start of this week, nearing its 200-day EMA at $3,136.
If ETH closes below the 200-day EMA at $3,136, it could extend the decline to test its psychological importance level of $3,000.
The RSI indicator on the daily chart reads 42, below its neutral level of 50, pointing downwards, indicating
bearish momentum. The MACD indicator also shows a bearish crossover on Sunday, indicating a downward trend.
However, if the $3,136 EMA level is maintained, ETH could extend the recovery to test its daily resistance level at $3,730.
Ripple price is primed for a correction if it closes below its ascending trendline
Ripple price faced resistance around the $3.40 level last week. On Monday, it trades slightly down around $2.99,
approaching its ascending trendline (drawn by connecting multiple low levels since early January).
If Ripple bre
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP momentum indicators hint at correction
Bitcoin (BTC) and Ethereum (ETH) are approaching their crucial support levels on Monday; a firm close below would lead to a correction. Ripple (XRP) price follows BTC and ETH as it nears its ascending trendline; a close below would lead to a pullback ahead.
Bitcoin bulls show signs of exhaustion
Bitcoin price reached a new all-time high of $109,588 last week but failed to maintain its upward momentum. BTC
started declining slightly since Saturday and fell 2.22% until Sunday. At the time of writing on Monday, it
continues to trade down, approaching its key support level of around $100,000.
If BTC closes below the $100,000 level, it could extend the decline to test its next key support around $90,000.
The Relative Strength Index (RSI) indicator on the daily chart reads 51, slightly above its neutral level of 50;
however, it points downwards, indicating a weakness in bullish momentum. The Moving Average Convergence Divergence
(MACD) indicator is also converging. If the MACD flips to a bearish crossover on a daily basis, it would give sell
signals and suggest a downtrend.The Relative Strength Index (RSI) indicator on the daily chart reads 51, slightly
above its neutral level of 50; however, it points downwards, indicating a weakness in bullish momentum. The Moving
Average Convergence Divergence (MACD) indicator is also converging. If the MACD flips to a bearish crossover on a
daily basis, it would give sell signals and suggest a downtrend. However, if the $100K support level holds, it would extend the recovery to retest its Monday’s ATH of $109,588.
Ethereum is poised for a downleg if it closes below the 200-day EMA
Ethereum bulls were retested, and support was found around its 200-day Exponential Moving Average (EMA) at $3,136
the previous week. However, it declined by 2.6% on Sunday. It trades down at Monday’s start of this week, nearing its 200-day EMA at $3,136.
If ETH closes below the 200-day EMA at $3,136, it could extend the decline to test its psychological importance level of $3,000.
The RSI indicator on the daily chart reads 42, below its neutral level of 50, pointing downwards, indicating
bearish momentum. The MACD indicator also shows a bearish crossover on Sunday, indicating a downward trend.
However, if the $3,136 EMA level is maintained, ETH could extend the recovery to test its daily resistance level at $3,730.
Ripple price is primed for a correction if it closes below its ascending trendline
Ripple price faced resistance around the $3.40 level last week. On Monday, it trades slightly down around $2.99,
approaching its ascending trendline (drawn by connecting multiple low levels since early January).
If Ripple bre
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