The cryptography market took a safe hit today while Bitcoin fell below a key support level, weighed down by taking advantage and wider macro.
On Thursday, May 15, in the afternoon, the Asian hour, total market capitalization of 4.8% to 3.39 billions of dollars. Bitcoin (BTC) dropped by 1.6% to around $ 101,846, losing the support level of $ 103,100.
Analysts are now looking at the $ 101,600 mark as the next crucial level it must contain to maintain the recent optimistic momentum alive.
This decrease occurs just after the publication of the latest data on the American consumer price index (ICC). Inflation for April has occurred lower than expected, increasing only 2.3% in annual sliding – the slowest rate since 2021 and down compared to 2.4% of March.
Although low inflation can be a good sign, it also suggests the weakening of consumer demand, which could indicate the underlying fears of the recession.
Interestingly, even if Trump’s new prices have not yet completely reduced consumer prices, the printing of softer inflation will probably not be sufficient to convince the federal reserve to reduce interest rates, despite Trump’s pressure.
Rate reductions are something that cryptographic traders hope, as the lower rates generally increase liquidity and risk appetite.
Investors are also in mode of mode because they await American data on the Produce Price Index (PPI) which come later in the day at 12:30 p.m. UTC. The report should give more indications on inflation, which could play a big role in what Fed decides to do with interest rates.
Most market experts believe that the Fed is likely to maintain stable interest rates, which has prompted many traders to lock profits, especially after the high bitcoin race above the $ 100,000 mark.
While most of the market slides, some altcoins can be better placed to cover the slowdown.
Ripple (XRP)
XRP has been one of the most consistent artists since the beginning of 2025, helped by a series of bullish developments around Ripple and its ecosystem. The SEC has recently reduced Ripple’s fine to $ 50 million, effectively putting the end of the long-standing trial and strengthening XRP’s non-security status.
XRP will also be under the spotlight this week while investors are watching for the next launch of Futures XRP of CME on May 19 and await a key decision of the SEC on an ETF proposed linked to XRP next month.
On the daily graphic, XRP rebounded after reaching a hollow of $ 1,6218 in April. It is now negotiated above the 50 days and 100 days, which is a bull sign.
XRP also formed a reverse head and shoulder pattern, a classic signal which often points to a trend reversal. The “head” costs around $ 1.62 and the two “shoulders” are close to the $ 2 mark.
Although the rally can continue, there is also a chance that XRP can dive to retest the level of support of $ 2.21 before going up higher again. This type of movement, known as rupture and retest, is in fact considered as a strong increased configuration.
If the current trends hold, XRP could go back to its summit of $ 3.40 for the start of the year, reflecting a potential at 36% compared to its current price.
Tron (TRX)
TRX has acquired a regular traction in this bull cycle, supported by the extensive role of Tron in the Stablescoin market and the increase in activity on the chain. The network recently exceeded Ethereum in the total supply of the USDT, cement its key infrastructure position for stablecoin transfers, especially in emerging markets.
The other bullish engines include the growing integration of tron with the active platforms of the real world and its sustained domination in daily active addresses and the number of transactions, which have always exceeded most layers of layer 1 in 2025.
On the daily graphic, TRX has rebounded support at $ 0.21, climbing to almost $ 0.28 this week. He finally broke out above the resistance level of $ 0.25, which was a difficult level of resistance since January.
Tron is now negotiated inside an ascending channel and is seated just below this range. It is also moved above the EMA of 20 days and 50 days, which generally signals the force.
If TRX exceeds the level of $ 0.28, it could push higher up to the bar of $ 0.45, the highest of last year, which would be a jump of 66% of current prices.
DOGECOIN (DOGE)
Dogecoin (Doge) jumped 42% in the last month and was negotiated at $ 0.22 during writing.
The rally intervenes in the midst of growing institutional interest. Grayscale recently launched a trust dedicated to Dogecoin, while 21Shares joined forces with House of Doge to introduce negotiated products based on Doge on the world markets.
In addition, the Dogecoin Foundation works to advance the real adoption of the Original same. In collaboration with House of Doge, it aims to integrate a million retailers via the Dogebox toolbox, an open source solution to integrate DOGE payments.
All these elements indicate an ecosystem in maturity, where Dogecoin has gone from its same roots in a credible player in the wider decentralized landscape.
On the daily graphic, DOGE exceeded $ 0.242, a key resistance level with which he had trouble in March.
He has also formed a model of head and shoulder in recent weeks. In the technical analysis, this configuration often indicates an inversion or a continuation of potential trend.
Adding to the bull signs, the MacD and RSI indicators point up. The RSI is currently at 62, which suggests that there is still room for more upwards.
With this momentum, DOGE is well positioned to return to the top of the year up to date by 0.436, which would result in a 93% rally compared to current levels.
Disclosure: This article does not represent investment advice. The content and equipment presented on this page are only for educational purposes.
