- ETH/BTC breaks above triangle formation to possibly trigger positive market sentiment.
- BTC/USD has jumped back above the $9,100–level.
- ETH/USD has peeked above the SMA 50 curve.
- XRP/USD bulls must conquer strong resistance at $0.1773.
ETH/BTC daily chart
ETH/BTC bulls have come roaring back in the early hours of Friday. ETH/BTC has gone up from 0.0249 to 0.025006 and is currently negotiating with the 0.025036 resistance line. An ETH/BTC bullish breakout has historically led to positive results for the market. It will be interesting to see how it pans out.
BTC/USD daily chart
After a brief foray below the $9,100-level, BTC/USD has seemingly steadied its ship following a bullish recovery. The price has gone up from $9,092 to $9,111.12. BTC/USD faces strong resistance at $9,150, $9,237, $9,312.35 (SMA 20) and $9,424 (SMA 50). On the downside, healthy support lies at $9,000.45 and $8,904.20
ETH/USD daily chart
ETH/USD went up from $226.50 to $227.60 in the early hours of Friday. In the process, the price managed to break above the SMA 50 curve. The price needs to overcome resistance at $230.65 (SMA 20), $238 and $248.15 to sustain bullish momentum. The price has healthy support levels at $227 (SMA 50), $225 and $220.35.
XRP/USD daily chart
XRP/USD bulls took charge following a bearish Thursday. The price has gone up from $0.1748 to $0.1761 in the early hours of Friday. The price continues to trend in the lower half of the 20-day Bollinger Band, while the RSI indicator is trending at the edge of the oversold zone.
XRP/USD bulls face some considerable resistance level upfront. Up first, they will need to conquer the $0.1773 resistance line, which has repeatedly thwarted the buyers before. Additional resistance lies at $0.1825, $0.1838 (SMA 20) and $0.1936 (SMA 50).
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Lukas Enzersdorfer-Konrad, Bitpanda deputy CEO: “Crypto needs Gary Gensler gone”
Lukas Enzersdorfer-Konrad is the deputy CEO at Bitpanda, a broker based in Europe with more than five million users. At the European Blockchain Convention held in Barcelona, the executive shared with FXStreet his views on the current state of the crypto industry and its regulation.
Bitcoin still consolidates despite positive spot ETFs demand
Bitcoin (BTC) trades slightly up, around $64,000 on Thursday, following a rejection from the upper consolidation level of $64,700 the previous day. BTC’s price has been consolidating between $62,000 and $64,700 for the past week.
Why is ONDO’s price outlook bullish?
DefiLlama data shows that Ondo TVL reached a new ATH of $613.75 million. Ondo’s Supply Distribution metric shows whale accumulation. On-chain data shows that ONDO’s daily trading volume is rising, and the supply of exchanges is decreasing.
Maker price eyes a rally on technicals and on-chain metrics
Maker trades above $1,500 on Thursday, suggesting a potential rally as technical indicators show bullish divergence. This positive outlook is reinforced by MKR’s Exchange Flow Balance, which shows a negative spike, indicating growing investor confidence in the platform.
Bitcoin: Fed-led rally could have legs towards $65,000
Bitcoin is poised for a second consecutive week of gains, supported by the recent 50-basis-point cut in interest rates by the Federal Reserve. Bitcoin broke above several key technical resistances this week, signaling a rally continuation.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.