BTC
$92,858.08 (at the time of writing)
sharply rebounded from the support zone of $80,000–$83,000, testing resistance around Friday's high of $93,100.
Breaking this level will open the way to the trendline drawn from the record highs of October 8, which remains an important short-term resistance.
Consolidation looks more likely before a breakout, as the hourly MACD histogram shows small bars above zero, indicating a loss of upward momentum. Meanwhile, the daily MACD remains bullish, supporting a bullish resolution of the consolidation.
On the negative side, the support zone at $80,000-$83,000 remains a key level that the bulls must defend.
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XRP
$2,197.2
has bounced back up from a long-term support level at $2, confidently breaking through the Ichimoku cloud on the hourly chart. A clear intraday upward trend is forming, but it remains to be seen if the price can overcome the nearest resistance zone in the range of $2.28–$2.30.
This will shift attention to the descending trendline around the $2.50 mark. A failure to overcome the resistance zone may lead to a re-test down to $2.00.
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ETH
Hourly chart #Ethereum
$3,054.29
demonstrates a classic bearish trap, where the price action mimics a breakout below the lower boundary of a descending channel before bouncing back.
This type of price movement following a significant downward trend indicates that selling pressure has been absorbed, and buyers have determined the path of least resistance upward.
As the initiative is now held by the bulls, the price action is targeting Friday's high at $3,100, with possible movement towards the low of $3,500 from the October 10 sell-off. Key support remains in the range of $2,600-$2,700.
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SOL
$142.51
approaches the upper boundary of a clearly defined sideways channel around the $145 mark. A decisive breakout above this level will open potential for growth to $165.
A breakout may not happen immediately, as the hourly MACD shows a slowdown of bullish momentum. However, considering that the daily MACD remains bullish, the eventual upward movement looks more likely.
