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Bitcoin holds $103,754 with 61.84% dominance despite a 2.58% weekly gain.
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Pi surges 43.42% weekly, now testing $0.90 support after a $1.70 peak.
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XRP trades at $2.49 with a 10.59% weekly gain, and eyes a $3.00 breakout.
Bitcoin’s bullish momentum extends as it breaches prior resistance at $99,475, now testing $109,588. PI/USDT and XRP exhibit mixed signals; PI struggles near $0.90 support while XRP faces resistance just below $3.00.
Bitcoin’s advance suggests a possible rally to $115,000 if the $109,588 resistance is broken with volume. PI/USDT sees buying pressure near $0.90, while XRP’s rejection at $3.00 hints at potential sideways movement between $2.36–$2.80.
Methodology
Technical analysis is based on TradingView indicators, which include RSI, MACD, EMA clouds, and price action patterns. Volume and candle structure were evaluated on the daily timeframe across major exchanges.
Bitcoin Price Moves Upward Amid Dominance
Bitcoin‘s recent 0.35% price increase to $103,754.39, with a market cap of $2,061,096,574,848 and a 24-hour volume of $44,734,444,976, highlights its dominance at 61.84%, despite only a 2.58% rise over seven days.
RSI at 67.97 and MACD at 3,925.55 suggest bearish conditions, despite a bullish StochRSI of 60.97. MA alignments below the price indicate potential upward momentum, though caution remains necessary.
Bitcoin (BTC) Technical Analysis
Bitcoin is currently in a strong bullish trend on the daily chart, having broken through previous resistance around $99,475, now turned support. The macro structure shows a successful recovery from a multi-week consolidation between $88,765 and $99,475.
Price is now approaching a significant resistance zone near $109,588, which marked the recent swing high. The broader trend remains bullish, but price is nearing potential exhaustion territory unless momentum continues.
Recent candles display smaller bodies with upper wicks, indicating buying pressure weakening and potential seller presence near resistance. The green upthrusts from the breakout above $99K were accompanied by moderate to strong volume, validating the bullish impulse.
However, the last few candles show diminished follow-through volume, a common sign of either a short-term top or a pause in the trend.
Bitcoin Price Action Scenarios
- Bullish: If price breaks $109,588 with strong volume, expect a rally toward $115,000–$118,000 psychological levels.
- Bearish: If support at $99,475 fails, look for a deeper correction toward $88,765 zone.
- Neutral: Sideways chop likely if BTC hovers between $103,000–$109,000 without clear volume spikes.
Read more: Bitcoin (BTC) Price Prediction Tomorrow and Next Week
Pi Gains 43.42% Despite Technical Bearish Signs
Pi (PI) emerges as a trending altcoin despite a 24h drop of -15.05%, with a current price of $0.91 and a trading volume of $764,762,255. Dominance is at 0.19%, with weekly gains at 43.42% maintaining a neutral momentum.
Technical analysis signals bearish inclinations, with RSI at 56.25, MACD at 0.08999, and CCI at 58.67. Support levels are undefined, and ADX is 19.11, showing no clear trend direction.
Pi (PI) Technical Analysis
After a prolonged downtrend from its peak in March, PI/USDT has recently shifted into a short-term bullish reversal, breaking above the Ichimoku cloud for the first time in months. The price surged from below $0.60 to a high near $1.70, signaling renewed interest.
However, the rally has paused, and price is currently pulling back after a sharp pump, testing the psychological $0.90 level as support. This sets the context for either a bullish continuation or a failed breakout retracement.
The recent rally was backed by a strong spike in volume, confirming aggressive buying. However, the latest candles show long upper wicks and bearish bodies, suggesting profit-taking and resistance near $1.30–$1.70.
The red candle following the high was large and accompanied by high volume, indicating a potential blow-off top. Current candles are smaller and showing a possible base forming at $0.90, where buyers are attempting to stabilize price.
Pi Price Action Scenarios
- Bullish: If price breaks back above $1.30 with volume, it may retest $1.70 or extend toward $2.10
- Bearish: If support at $0.90 breaks, expect a decline to $0.70 or deeper to $0.60
- Neutral: Sideways movement is likely if price consolidates between $0.90–$1.30 with declining volume
Read more: Pi (PI) Price Prediction Tomorrow and Next Week
XRP Shows Mixed Yet Bullish Market Indicators
XRP currently trends with a price of $2.49, despite a 24h decline of -2.42% and a 21.15% volume dip, standing at $4,325,731,127. Short-term sentiment remains mixed, with MACD at 0.09228 indicating bullish momentum, bolstered by a 10.59% weekly gain.
RSI at 59.67 and MFI at 82.31 suggest overbought conditions, while StochRSI shows bullish pressure. The SMA (10-200) alignment is bullish, yet ADX at 15.06 signals weak trend strength, hinting at possible trend exhaustion or continuation.
Read more: XRP (XRP) Price Prediction Tomorrow and Next Week
XRP (XRP) Technical Analysis
XRP recently broke out from a range-bound structure that had kept price consolidating between $2.36 (support) and the lower part of the resistance band near $2.60–$2.80. This breakout was a strong bullish move that pushed price into a critical supply zone just below $3.00.
However, rejection from this area shows the market is still treating it as major resistance. Overall, XRP is in a recovery trend with potential continuation, but the upper resistance zones need to be cleared.
The recent rally was marked by tall green candles with increasing volume, indicating strong demand. However, the most recent candles show rejection wicks and a red bearish close, which suggests buyers are losing momentum near $2.80–$3.00.
Volume has also started to taper off, which may signal a temporary pullback or consolidation phase unless new buyers step in.
XRP Price Action Scenarios
- Bullish: If price breaks and holds above $2.999, we may see a move toward $3.40, the next historical high
- Bearish: If $2.363 support is lost, price could correct down to the $1.90–$2.00 demand zone
- Neutral: Price may chop sideways between $2.36–$2.80 if volume remains flat and no breakout follows
Frequently Asked Questions (FAQ)
What is the current outlook for Bitcoin’s price?
Bitcoin shows strong bullish momentum after breaking $99,475. If it breaks $109,588 with volume, it could rally toward $115,000–$118,000.
Why is Pi (PI) trending despite a recent drop?
Pi surged 43.42% over the week despite a -15.05% 24h drop. It’s now testing $0.90 support after hitting $1.70, with volume showing renewed interest.
What’s affecting XRP’s short-term price movement?
XRP faces strong resistance near $3.00. Despite mixed indicators, it remains bullish overall, but may range between $2.36–$2.80 without fresh volume.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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