After experiencing heightened buying pressure and a robust surge, Bitcoin’s price has breached a significant resistance region, notably the psychological threshold of $50K and the upper boundary of the multi-month ascending channel.
This signals a notable bull market, with investors eyeing the possibility of Bitcoin reaching new all-time highs in 2024.
Technical Analysis
By Shayan
The Daily Chart
Upon careful examination of the daily chart, it’s clear that Bitcoin’s price has embarked on a remarkable, bullish surge, successfully reclaiming the substantial $50K resistance region and surpassing the upper boundary of a long-standing ascending channel.
This indicates a prevailing bullish sentiment among market participants, with anticipation mounting for Bitcoin to set new

Ripple has been enduring a consistent downtrend characterized by low volatility and a lack of momentum in its price movement.
However, it has recently found itself at a pivotal support region near the $0.50 mark, potentially poised for a phase of sideways consolidation before its next significant move.

By Shayan
The Daily Chart
Upon a close examination of the daily chart, Ripple’s price trajectory reveals a gradual decline, resulting in its arrival at a crucial support area.
This support zone encompasses the static level of $0.5 and the lower boundary of a multi-month triangle pattern. Given Ripple’s current low volatility and lack of momentum, the most likely scenario in the short term is a period of sideways consolidation before the next directional move.
However, an

Ethereum’s recent price action has seen it find support around the critical 100-day moving average, signaling a shift in market sentiment from bearish to bullish. ETH has embarked on a bullish retracement and has now reached a pivotal resistance region, setting the stage for its next move.

By Shayan
The Daily Chart
A comprehensive examination of Ethereum’s daily chart unveils a shift in market sentiment, with the significant 100-day moving average at $2225 providing robust support. Concurrently, Ethereum experienced a rebound, propelling the price toward a critical resistance region, which encompasses the lower boundary of the expanding wedge pattern and the static $2.6K price zone.
Should ETH surpass this critical resistance, it could herald a new phase of bullish

Ripple’s recent downtrend has persisted, resulting in the price falling below both the 100 and 200-day moving averages.
Despite this decline, XRP has reached a substantial support region, marked by the triangle’s lower boundary at $0.5, and a short-term reversal is anticipated.

By Shayan
The Daily Chart
A thorough examination of the daily chart reveals a pronounced decline in Ripple’s price, ultimately leading to its arrival at a critical and decisive support region. This support encompasses the static level of $0.5 and the lower boundary of the multi-month triangle. This particular range has effectively blocked bearish attempts over the past year, highlighting heightened demand near the $0.5 threshold.
Consequently, a bullish rebound is expected for Ripple, retracing

Ethereum’s price has been rapidly declining recently following a rejection from the $2,750 resistance level. While a further drop is probable in the short term, the overall bullish trend might not be over.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the Ethereum price has been oscillating inside a large ascending channel. The higher boundary of the pattern, paired with the $2,750 resistance level, has rejected the price to the downside.
The market has since dropped below the $2,400 level and is currently retesting it. In case the price fails to climb back above, the likelihood of a further drop toward the 200-day moving average located around the $2,000 level will be significant.
Source: TradingViewThe 4-Hour Chart
The 4-hour chart shows the

After months of recovery, Bitcoin’s price has failed to break above $48K and has been decisively rejected to the downside.
Yet, the uptrend may be far from over.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been rejected from the $48K resistance level. Yet, the $40K support zone has held the market, preventing a deeper drop. The price consolidates between these two price levels, and breaking out in either direction is likely to dictate the market trend.
If the market breaks the $48K level to the upside, Bitcoin will likely make a new all-time high in the coming months. However, a drop below the $40K level will likely result in a decline toward the 200-day moving average, around the $35K mark.
Source: TradingViewThe 4-Hour Chart

After encountering a significant rejection at the $48K resistance level, Bitcoin has recently discovered support near the crucial 100-day moving average, prompting a slight retracement. However, if a pullback materializes, the most likely scenario would involve a renewed bearish leg, targeting significant support at $38K.
Technical Analysis
By Shayan
The Daily Chart
Upon analyzing the daily chart, it becomes apparent that following Bitcoin’s recent setback from the pivotal $48K level, the price sought support around a crucial range defined by the middle boundary of the ascending channel and the significant 100-day moving average at $39K.
Consequently, a slight correction ensued, retracing the price toward the existing fair value gap (FVG) bounded within the $43,578 and

Ripple’s price has been confined within a symmetrical triangle pattern since the latter half of 2023. However, a recent sharp decline has brought the price to the lower boundary of the triangle, where it may find support in the coming days. The subsequent breakout from this triangle pattern will play a pivotal role in shaping Ripple’s future prospects.

By Shayan
The Daily Chart
A comprehensive analysis of the daily chart shows a noticeable downturn in Ripple’s price, following a successful pullback to the broken 100 and 200-day moving averages.
However, the current price has reached a critical and decisive support region, encompassing the static support level of $0.5 and the lower boundary of the multi-month triangle. This support range is a robust defense against

Ethereum’s price has been dropping over the last couple of weeks following a decisive rejection from a significant resistance level. Yet, there are several support levels nearby.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been forming a large ascending channel over the last year. It has recently tested the higher boundary of the channel, which coincided with the $2,750 resistance level and failed to break above. The resulting rejection has been gruesome, and the market has even fallen below the $2,400 support zone.
With the Relative Strength Index showing values below 50%, the price seems likely to decline toward the 200-day moving average, located around the $2,000 level.
Source: TradingViewThe 4-Hour Chart
The 4-hour timeframe

Bitcoin’s prolonged downward correction has encountered a pause in the vicinity of a significant support area, primarily defined by the 200-day moving average, sparking a slight rebound. However, the recent uptick appears to lack the necessary momentum, suggesting a potential phase of sideways consolidation.
Technical Analysis
By Shayan
The Daily Chart
A thorough examination of the daily chart reveals a temporary halt in Bitcoin’s recent correction near a pivotal support range, indicated by the middle boundary of the ascending channel and the crucial 200-day moving average at $39K. This support prompted an uptick in demand, leading to a slight upward retracement.
With the strength of this support range and the possible presence of substantial demand, it is anticipated to

Bitcoin’s price has been making lower highs and lows recently, following a decisive rejection from the significant $48K level.
Investors are now wondering whether the uptrend is over or a new all-time high is still on the cards.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been formed and broken below an ascending channel below the $48K resistance level. This is a corrective (or bearish reversal) pattern, especially in case the price fails to climb back inside the channel.
Currently, The $40K support zone is preventing the market from dropping lower. Yet, with the Relative Strength Index showing values below 50%, the probability of further decline is still considerable.
It’s worth noting that, at the time of this writing, BTC’s price

Ripple’s price is continuing its downward momentum on both the USDT and BTC pairs. According to technical analysis, the price is yet to reach a potential turning point on either chart.
Technical Analysis
By TradingRage
Ripple Price Analysis: The USDT Paired Chart
Against USDT, the price has been trapped inside a descending channel over the last few months. Since the breakdown of the 200-day moving average (currently located around the $0.60 mark), the market has been dropping consistently.
However, XRP has yet to reach significant support. While the Relative strength index is entering the oversold region, the market is unlikely to rebound before retesting the channel’s lower boundary.
Source: TradingViewThe BTC Paired Chart
Things are looking quite similar against BTC. The

After facing rejection from the formidable resistance zone at $2.6K, Ethereum underwent a substantial downturn, breaking through multiple critical support levels.
However, it has now landed at a substantial and decisive range, suggesting the possibility of a bullish reversal.

By Shayan
Ethereum Price Analysis: The Daily Chart
A detailed analysis of Ethereum’s daily chart reveals a notable rejection after attempting to surpass the $2.6K resistance, resulting in a 20% decline. Concurrently, the price breached two vital support zones, the upper boundary of the multi-month ascending wedge and the lower boundary of the short-term expanding wedge, signaling prevalent selling pressure in the market.
This negative sentiment is further underscored by a significant bearish

Bitcoin’s retracement has expanded, driven by heightened selling pressure, pushing the price toward a pivotal and decisive support region that includes the critical 200-day moving average and the middle boundary of the ascending channel.
The price action within this significant range holds paramount importance in shaping Bitcoin’s future trajectory.
Technical Analysis
By Shayan
Bitcoin Price Analysis: The Daily Chart
Upon analyzing the daily chart, it becomes evident that Bitcoin’s recent correction has extended, resulting in a notable decline. However, the retracement’s downward momentum has been temporarily halted upon reaching a crucial support range, marked by the middle boundary of the ascending channel and the pivotal 200-day moving average at $39K, providing robust

Despite positive developments such as the approval of Bitcoin spot ETFs by the U.S. Securities and Exchange Commission, Bitcoin’s price encountered significant rejection, resulting in a notable 17% decline.
However, as the cryptocurrency approaches a crucial support region, there is potential for a renewed bullish movement.
Technical Analysis
By Shayan
The Daily Chart
Analyzing the daily chart, Bitcoin’s attempt to overcome the substantial resistance at $48K was met with rejection, leading to a 17% decline towards a critical support region. It includes the middle boundary of the ascending channel and the pivotal 200-day moving average at $39K, serving as robust support for Bitcoin buyers.
If the retracement persists, the price is anticipated to find support around $39K,

Ethereum’s price has been on the rise over the last few months, breaking through resistance levels one by one. Yet, the cryptocurrency might have reached a potential turning point.
Technical Analysis
By TradingRage
Ethereum Price Analysis: The Daily Chart
On the daily chart, the market has been acting very bullish since breaking the 200-day moving average to the upside. It has been making consistently higher highs and lows, with the Relative Strength Index showing values above 50% the whole time.
Yet, the $2,700 resistance level decisively rejected the price to the downside last week. The market is currently consolidating below the mentioned level. Meanwhile, considering the availability of several support levels, investors can still be optimistic about the short-term

Ripple’s price action against both USDT and BTC has been bearish for the last few months. Analyzing the charts might provide clues on the potential direction of the market in the short term.
Technical Analysis
By TradingRage
Ripple Price Analysis: The USDT Paired Chart
Against USDT, XRP has been on the decline since getting rejected from the resistance $0.7 level. The price has been trapped inside a descending channel, failing to break it to the upside on multiple occasions.
The 200-day moving average, located near the $0.6 price mark, has also been broken, and the market seems more likely to drop toward the channel’s lower boundary and even the $0.43 support area in the upcoming weeks.
Source: TradingViewThe BTC Paired Chart
The BTC paired chart demonstrates a similar

Bitcoin’s price has undergone a consistent surge following the recent announcement of SEC ETF approval, reaching a crucial resistance region.
This price range includes the upper boundary of the ascending channel and the static resistance at $48K, presenting challenges in reclaiming this significant level.
Technical Analysis
By Shayan
The Daily Chart
A comprehensive analysis of the daily chart reveals a sustained uptrend in the price, approaching a substantial resistance zone. It is defined by the upper boundary of the ascending channel and the critical $48K threshold, forming a robust barrier for Bitcoin buyers. A successful breakthrough in this crucial area could initiate a profound uptrend, potentially achieving a new all-time high (ATH) for Bitcoin.
However, if sellers

Ripple has recently faced heightened selling pressure, propelling the price below a crucial support region that includes the wedge’s lower boundary and the 100-day and 200-day moving averages.
However, a completed pullback has recently emerged, confirming the validity of the breakout.

By Shayan
The Daily Chart
The daily chart reveals a pronounced drop in Ripple’s price, breaching its multi-month sideways consolidation range. This occurrence initiated a substantial number of sell-stop orders, intensifying selling pressure and pushing the price below a crucial support area. This support area encompasses the 100-day and 200-day moving averages, along with the lower boundary of the wedge.
Despite this, the cryptocurrency found support at the $0.499 threshold and retraced back

Bitcoin’s price is continuing its gradual rise toward the $48K resistance level following a few weeks of consolidation. While the trend lacks momentum, the price might be about to begin an aggressive rally higher.
Technical Analysis
By TradingRage
The Daily Chart
On the daily timeframe, the price has been consolidating above the $40K level for the last few weeks. However, it is climbing higher, approaching the $48K resistance zone.
Meanwhile, the Relative Strength Index is also demonstrating values above 50%, pointing to the fact that the momentum is in favor of the buyers. As a result, a rally toward the $48K level seems probable in the coming weeks.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour chart, it is evident that the price action has been very choppy

Ethereum’s price is currently finding it difficult to rally higher following weeks of aggressively bullish price action. Yet, there are still several support levels nearby that could keep the cryptocurrency from dropping lower.
Technical Analysis
By TradingRage
The Daily Chart
On the daily timeframe, the price has been on the rise since breaking above the 200-day moving average and the large descending channel. While ETH is still trading above the key $2,000 level, it is going through a consolidation phase below the $2,400 level, failing to climb higher.
The Relative Strength Index is also hovering around the 50% level, pointing to an equilibrium in momentum. As a result, the short-term price action heavily depends on whether the cryptocurrency drops below the $2,000 level

Following an extended period of sideways consolidation, the price underwent an unforeseen impulsive cascade, breaching the lower boundary of the range.
Consequently, the market appears to have transitioned into a phase of successive bearish movements, signaling prevailing negative sentiment.

By Shayan
Ripple Price Analysis: The Daily Chart
Examining the daily chart reveals that Ripple has decisively broken below its multi-month sideways consolidation range, experiencing a significant 22% cascade that triggered numerous sell-stop orders. This led to a substantial long-squeeze event, propelling the price below a critical support region encompassing the 100-day and 200-day moving averages, as well as the $0.57 static support range. This support range is pivotal, and a

Bitcoin’s price experienced a massive drop yesterday, fluctuating over 10% in 24 hours. While the cryptocurrency has yet to break below any significant support level, analyzing the root of this move and what it means for the market is essential.
Yesterday’s crash, albeit caused by a questionable report, provides some insightful data from a technical perspective.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, it is evident that the price has been consistently making higher highs and lows for months, rising above $40K once more. The bullish trend has especially gained momentum since breaking back above the 200-day moving average. However, the price is now trading so far above the moving average, which is located around the $32K mark. This significant

Ripple’s price has been navigating an extended sideways consolidation phase, displaying slight volatility. As the price approaches the narrow confines of the symmetrical triangle pattern, the potential for a significant move in either direction becomes increasingly likely.

By Shayan
Ripple Price Analysis: The Daily Chart
A closer look at the daily chart reveals a robust support region comprising the 100-day and 200-day moving averages, along with the lower boundary of the wedge at $0.58. This level has effectively halted multiple bearish attempts, underscoring the existence of substantial demand. Notably, the recent occurrence of a golden cross, where the 100-day moving average crosses above the 200-day moving average, signals a bullish outlook for Ripple’s long-term

Ethereum’s price has encountered a significant obstacle at the critical $2.4K resistance, leading to an extended consolidation phase within this pivotal range.
This situation and the bullish sentiment in the futures market have heightened expectations for a potential bullish breakout.

By Shayan
Ethereum Price Analysis: The Daily Chart
A detailed examination of Ethereum’s daily chart reveals an ascending consolidation period, with the price approaching a substantial resistance at $2.4K. This zone includes the static $2.4K resistance and aligns with the upper boundary of a multi-month wedge pattern, forming a robust barrier. Despite this, ETH is displaying bullish momentum, attempting to break above this crucial range. A successful breach could see the price reclaim the

Bitcoin’s price has been consolidating for a while now, failing to continue the significant bullish momentum observed over the past few months. Yet, things are still looking positive for BTC in the short term.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been aggressively attacking and breaking through resistance levels one at a time. Yet, the market is currently consolidating above the $40K level as the bullish momentum has faded away. The decrease in the relative strength index confirms this idea.
However, the RSI is still showing values above 50%, pointing to the fact that the momentum has yet to shift bearish. Therefore, with a strong support level at $40K, the price is still likely to reach the $48K resistance zone in the coming

Ripple’s price has been consolidating against USDT during the past few weeks while remaining clearly bearish against BTC. Analyzing both pairs might provide clues on the future price trend.
Technical Analysis
By TradingRage
Ripple Price Analysis: The USDT Chart
Against USDT, the price has been trapped inside a triangle pattern since November and is yet to break out. While the $0.6 support level has been providing support and preventing a more profound decline, the price has not been able to rebound to the upside and reach the $0.7 resistance zone.
The relative strength index also hovers around the 50% level, offering little insight into the future price direction. Therefore, a breakout to either side would determine whether the price will drop or rally higher.
Source:

Ethereum’s price is encountering significant resistance around the pivotal $2.4K region, highlighting an ongoing struggle between buyers and sellers.
Despite efforts, the price has been unable to surpass its previous swing high of $2403, leading to a slight pullback and the potential formation of a double-top pattern.

By Shayan
The Daily Chart
After a period of sideways consolidation near the crucial $2.3K mark, the price surged with the aim of reclaiming its previous daily swing high at $2403. This upward movement is underscored by the occurrence of a golden cross on the daily chart, indicating an overall bullish sentiment for Ethereum’s price action.
However, the price faced resistance upon reaching a critical zone formed by the upper boundary of a multi-month wedge,

Bitcoin’s price surge has come to a halt following a consistent rally over the last couple of months. Investors and traders are uncertain whether the trend is about to reverse or is only going through a short-term consolidation.
Technical Analysis
By TradingRage
Bitcoin Price Analysis: The Daily Chart
On the daily chart, the price has been making higher highs and lows since the rebound from the $20K level back in March. Several resistance levels have been broken to the upside. Meanwhile, BTC is struggling to reach the critical $48K level and is demonstrating range-bound movement.
It is also trending way above the 200-day moving average, located around the $32K mark. Therefore, a consolidation or even a correction seems probable for the 200-day moving average to catch up.

Ripple continues to navigate its consolidation phase, as observed by the price oscillating within a pivotal range, forming a sideways wedge pattern.
Notably, XRP encounters a robust support zone, identified by the convergence of the 100 and 200-day moving averages, along with the lower boundary of the wedge. This convergence holds the potential to impede any downward movements.

By Shayan
Ripple Price Analysis: The Daily Chart
The ongoing consolidation has expanded around a significant support area. This critical zone encompasses the 100-day and 200-day moving averages, along with the lower support of the wedge at $0.58. This reinforces the notion of substantial demand existing at this crucial juncture.
Considering the prevailing buying pressure and demand at this pivotal