This is a daily analysis by Coindsk analyst and omkar Godbook.
The main story revolves on Tuesday morning about BTC/USD- which represents the price of the Bitcoin-DOGCOIN-Bitcoin on the list (Duj/BTC) The couple, each of the race to secure Al -Ajsi Al -Soudi and the shoulders roam the plans every hour.
A certain outbreak in Bitcoin can lead the stage to re -test the level of $ 120,000, which is a scenario Discuss Monday. Likewise, a potential outbreak in DOGE/BTC can indicate a superior performance of Dogecoin.
But the main question remains: Will these collapses be achieved? The artistic image supports Bulls, with simple, 50, 100 and 200 hours to re -coordinate up, steadily head north, and promote bullish momentum. In addition, the strong market morale that is fueled by increasing expectations for the Federal Reserve price discounts next week and beyond – a catalyst that is likely to swore the rotation of retail boxes from the money market funds and in Bitcoin and Altcoins.
Doge has additional upward winds – hope ETF.
XRP: MACD fluctuating climbing
XRP quickly approaches the upper limits of a two -month descending triangle style, determined by trend lines that link their highest levels on July 18 and August, along with its lowest levels on August 3.
The decisive collapse above this formation would indicate an appeal in the broader upward trend, which paves the way for a march of about $ 3.38 – August rise – and perhaps $ 3.65, and the peak reached July.
The technical preparation is promising. It enhances the positive feelings that brewed in the Bitcoin market, along with a positive crossover in the daily MacD fee of XRP, from the possibility of a successful outbreak of the descending triangle. The positive MACD Cross refers to the transformation of the rise in the momentum.
Bears need a decrease of less than $ 2.67 to re -establish the declining direction.
Sol: Investigations 61.8 % RERERERERERDIN
Solana The north is heading, characterized by a series of its lowest levels and upper heights that emphasize a bullish path. Expectations are further enhanced by the 50, 100 and 200 days emerging averages, and draws an encouraging artistic image. As of writing, Sol appears to be prepared to exceed the RERECTION level 61.8 % of sales from January to April.
The step above the main “golden ratio” level can attract momentum, which may lead Seoul towards the resistance area test between $ 260 and $ 280.
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