Price: $0.39490 4.7588%
Market Cap: 58.01B 1.7641%
Volume (24h): 8.7B 0.4%
Dominance: 1.7641%
Price: $0.39490 4.7588%
Market Cap: 58.01B 1.7641%
Volume (24h): 8.7B 0.4%
Dominance: 1.7641% 1.7641%
  • Price: $0.39490 4.7588%
  • Market Cap: 58.01B 1.7641%
  • Volume (24h): 8.7B 0.4%
  • Dominance: 1.7641% 1.7641%
  • Price: $0.39490 4.7588%
Home > Information news > Bitcoin (BTC) Can Hit $75,000, Here's How, Another XRP Reversal Attempt, Dogecoin (DOGE) to Test out $0.13 Again, But There's Catch

Bitcoin (BTC) Can Hit $75,000, Here's How, Another XRP Reversal Attempt, Dogecoin (DOGE) to Test out $0.13 Again, But There's Catch

Release: 2024/06/29 09:07 Reading: 433

Original author:U_Today

Original source:https://coinmarketcap.com/community/articles/667f57bd93be6763ece5c21d

Bitcoin (BTC) Can Hit $75,000, Here's How, Another XRP Reversal Attempt, Dogecoin (DOGE) to Test out $0.13 Again, But There's Catch

Bitcoin

Bitcoin has experienced a significant drop after reaching a peak of $71,000, losing 14% of its value and falling below $60,000. However, there is reason to believe that a reversal in trend may occur in the near future.

  • Support Level: Bitcoin has reached the lower end of its sideways market channel, indicating a strong buying zone around $58,000.
  • 200-Day Moving Average: The 200-day moving average provides support at this level, further suggesting a potential rebound.
  • Volume Profile: Increased trading activity despite the recent decline indicates sustained interest at lower prices. Accumulation by investors suggests an upcoming price reversal.
  • Moving Averages: Breaking above the 100-day and 50-day exponential moving averages would signal a trend reversal and bullish momentum.

XRP

XRP is attempting another reversal to break a descending trend.

  • 26-Day EMA: XRP needs to break above the 26-day exponential moving average (EMA) to indicate a potential trend reversal.
  • Volume Analysis: Inconsistent buying volume has hindered XRP's upward momentum. Significant buying pressure is required for a sustained reversal.
  • Relative Strength Index (RSI): XRP is in the neutral zone, indicating potential for upward movement without overbought conditions.

Dogecoin

Dogecoin is poised to test the $0.13 price level.

  • 200-Day EMA: Breaking above the $0.13 mark, which represents the 200-day exponential moving average (EMA), would signal a bullish reversal.
  • Volume Analysis: Limited trading activity may hinder Dogecoin's upward trend. A surge in buying volume is necessary for continued momentum.
  • Relative Strength Index (RSI): Dogecoin's RSI is in the neutral zone, indicating potential for upward movement without overbuying.

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