The market could be ready for solid growth if the bulls just provide a little bitcoin help, which is in fact in a better position than it seems at first glance. Meanwhile, Dogecoin and XRP find it difficult to keep their important psychological targets.
Bitcoin does not need much
The Bitcoin prices structure is preparing for what could be a significant increase towards summits of all time. After a significant drop in September, Bitcoin is currently negotiated more than $ 115,000 and is in a technically advantageous position.
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Mobile averages, market structure and quantity indicators all indicate the possibility that Bitcoin can trigger a race to the $ 150,000 mark with constant entries.
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After his escape last week, the range of $ 114,000 to $ 115,000 has become short-term support and Bitcoin is currently consolidating above. With the 50-day EMA (~ $ 113,400) and EMA at 100 days (~ $ 111,300) converging near the price, the daily graphia displays Bitcoin trading above its moving means.
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This support cluster offers a solid technical basis, reducing the risks downwards and promoting bullish feelings. The 200 -day EMA, which is much longer and is at around $ 105,200, maintains the current upward trend.
With the relative force index (RSI) at around 55, there is still a possibility of growth without running the risk of an excessive situation at the moment. The consistency of the volume of negotiation, as opposed to an excess, indicates an accumulation controlled rather than on a speculative overheating. Above all, there is not many barrier separating the current Bitcoin levels from the range of $ 120,000 to $ 125,000, and once this barrier is deleted, the road to $ 150,000 will be relatively clear. 
Btcusdt Graphic by tradingView “>
Bitcoin seems to be optimistic about all fronts from a structural point of view. It is devoid of coherent entries, whether it is the pressure of retail purchasing, institutional demand or ETF activity. Recent ETF flows have been encouraging but not particularly strong; An increase in these funds could give bitcoin the boost it needs to start increasing.
XRP loses it again
XRP fell again below the $ 3 crucial threshold, disappointing bulls that thought that the recent token escape would point out the start of a more robust rally. This month, XRP briefly tested $ 3.20 before reassembling about $ 2.99, casting doubt that his momentum can last.
The rupture of a descending resistance line that has limited the XRP movement since the July summits has been attempted on the daily graphic. The escape appeared promising at first, but the sellers intervened nearly $ 3.20 while the move quickly lost steam. Rejection has essentially transformed the XRP into resistance once again by forcing it under the rupture line. A stronger support for the 100 -day EMA (~ $ 2.81) follows short -term support at $ 2.96. XRP could decrease around $ 2.60, where the 200 -day EMA offers longer -term structural support if these levels do not hold.
In addition to the drop in trading volumes compared to the overvoltages in July, the graph also demonstrates a bullish conviction. This lack of action underlines how fragile the current trend of XRP is.
The cause was a weakness of the network. The fundamentals exert additional pressure beyond the technical image. In recent weeks, network activity has gradually decreased and daily payment counts have decreased considerably compared to the vertices of August.
The worst decline of Dogecoin
After briefly reached new summits of several months, Dogecoin has seen its most steep drop since July, plunging in the level of $ 0.30. It is not clear if it is simply a correction or the beginning of a more important reversal, because the memes piece, which had experienced significant bullish momentum in early September, is currently having trouble maintaining more than $ 0.27.
It’s the worst crash since July. DOGE has experienced its greatest unique drop since the middle of summer, when it has undergone a comparable sales pressure for the last time after the steep rejection of the resistance zone of $ 0.30. During the decline, trading volumes increased, which suggests that taking advantage was the main factor causing movement. Although the withdrawal has occurred, DOGE is still above the averages of critical displacement, indicating that the overall rise is still in place.
DOGE can bounce back to $ 0.28 and Reaster $ 0.30 if it can hold above the support area from $ 0.26 to $ 0.27. At these prices, a robust interest in buyers would validate the decline as a sound correction in a continuous rise. Another possible course is lateral consolidation, which would occur between $ 0.24 and $ 0.28.
This would allow momentum indicators such as the RSI, which had just entered exaggerated territory, to be reset and to move averages to catch up. Consolidation as this could strengthen the basics of a future escape greater than $ 0.30.
The token could fall to the region from $ 0.22 to $ 0.21, where the EMA of 100 days and 200 days align, if the sellers grow Doge below the support of $ 0.24. Ventilation here could open the end of the upward trend that started in July and pave the way for a greater correction.
