According to external media comments, while the encryption market has recently been restored from a low level, there is still a lack of greater certainty about the movement of bitcoin, XRP and Dogecoin. Declining prices do not amount to a reversal of the trend, and turnover and key resistance levels remain the most important next observation point.

DOGE rebound lacked transactional support

According to the article, Dogecoin had previously rebounded from around US$ 0.07 to recover a partial fall, but the overall structure remained weak. There has been no significant increase in the volume of recent transactions, which is not consistent with the past performance of the currency when it rebounded strongly.

According to the text, the DOGE has been building lower and lower points since its height in May, and the lower structure has not been broken. Even if the short-line continues to move up, the range of 0.08 to 0.09 is still subject to a higher level of pressure, as there are multiple critical grids in this area.

XRP appears RSI deviation

According to the article, the XRP dailies began to show a more visible RSI deviation. Prices had previously gone down to a low point in a new phase near about US$ 1.05, but the kinetic energy indicators were not synchronized to a weak point, which was usually seen as a sign of reduced sales pressure.

  • The low point is about 1.05.
  • The daily average is the main resistance.
  • 1.20 to $1.30 for the next observation area

At the same time, however, it is emphasized that the XRP is still operating below the main average and that the overall trend has not been significantly reversed. While RSI has returned to above 50, showing improvement in kinetic energy, the deviation signal is not sufficient to independently confirm the reversal of the trend without a breakout.

Bitcoin hasn't recovered the critical mean.

In the Bitcoin section, it was argued that BTC had eased its market sentiment following a rebound in the vicinity of approximately $59,000, but it was still too early to judge a real recovery. In the previous fall, the strongest was surrender, which is now at the sale stage, which is closer to distribution rather than to suction.

According to the paper, the round-up was carried out in the context of weak trade-offs, indicating that the purchasing power remained limited. At the same time, there are multiple resistances above bitcoin, especially the 50- and 100-day mean lines that are still going down and have not yet been re-established.

  • The recent low is about $59,000.
  • The average daily line is around $63,000.
  • The average daily line is around $66,000.

According to the article, while RSI has been removed from the supermarket, there is still a gap between the power of action. If the above mean line is not recovered, the round rise is more like a technical rebound in a general trend than a starting point for a new round of cattle markets.