This is the daily analysis of top tokens with CME futures by coindesk analyst and chartered market technician Omkar GodBole.
Bitcoin, Record high probability re -test
Bitcoin (BTC) The chart per hour suggests that prices are out of the descending channel, which is more at the beginning of about $ 117,000 today. Additionally, prices are above the Gappi Multiple Moving Average Indicator. Gappy’s short -term EMA (white) The band is going to shift above long term (Red) Band, suggest renewed speed.
Once we move above Ichimoku Cloud, with sharp benefits, the stage for a rally looks set for a rally. In the case, prices fall below $ 117,000, there is a possibility of an extended pullback, possibly $ 111,965, the brakeout point identified by May High.
The case of rapid interest in USD- and USDT-Denominated peritual on offshore exchanges including Binenns, OKX, Deribit, Baibit, and Hyperlicids look strong with cumulative open interest, which is increasing to its highest level in about two years with positive funding rates. The combination suggests that the Bulish leveraged bets increase interest.
- AI of AI: Bitcoin is showing a strong signal to resume their rally, with speed indicators rapidly flutter and soon indicate the new record high. Bull, just be sure to hold that $ 117,000 support; There a break can trigger a deep improvement.
- resistance: $ 120,000, $ 123,181.
- Help: $ 117,000, $ 113,688 (38.2% of the rally from 22 June)$ 111,965.
Ether, Eyes $ 3,400
Ether (Eth) The expansion triangle consolidation and 61.8% Fibonacci Retress of December-April has probably set a platform for $ 3,400, which is a level favored by the option traders on Deriv.
The 14-day RSI has crossed the 70 mark, moving upwards, as well as a strong reverse speed with 50- and 100-day simple moving averages (SMA)The ether bitcon ratio is also broken by a long-term consolidation, further suggesting the ether outrise. On the negative side, a low level of $ 2,933 on Tuesday has a level of defeat for beers.
- AI of AI: Ether is looking incredibly strong for a step of $ 3,400, its clear outperform against fuel and bitcoin by several technical breakouts. Keep a fast watch on $ 2,933.
- resistance: $ 3,400, $ 3,570, $ 4,000.
- Help: $ 2,933, $ 2,739, $ 2,600.
Sola, 200-day SMA near the stability bull is encouraging
Solana’s Sol continues to trade forward and back near the 200-day simple moving average. The stability is contradictory with reversal of faster recession than the major average seen in May and a positive signal for bulls.
This, combined with steps above 50 above Ichimoku Cloud and RSI, suggests that recent Newfound resistance at $ 168 may be shown in support soon. The next hurdle is seen at $ 200. Tuesday has a major level of lower $ 157.13 support.
- AI of AI: Solana looks fast, holding significant support in its 200-day SMA, a major innings from the previous upside.
- resistance: $ 168, $ 187, $ 200.
- Help: $ 157, $ 145, $ 125.
XRP: Tuesday looks north after the ‘Hanging Man’ candle
XRP (XRP) The hourly chart shows a picture-perfect transition from a pullback to a fresh upward. Prices were eliminated from the downward trending channel on Tuesday and since Ichimoku crossed Bully over Cloud.
The setup re -tests the recent height above $ 3.00. He said, Tuesday’s hanging man candle, which is characterized by his long and short red body, suggests that the bears want to re -establish themselves. Whether the prices should lose support at $ 2.80, it can prove to be expensive.
- AI of AI: For traders, the “hanging man” of the daily chart is a more important indication, as long -term deadlines usually provide more reliable inverted patterns. While an hourly chart shows a rapid bounce, the daily hanging man serves as a strong caution.
- resistance: $ 3.00, $ 3.40.
- Help: $ 2.80, $ 2.6- $ 2.65, $ 2.38.
Disclaimer: Some parts of this article were generated with assistance from the AI tool and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see the full AI policy of coindesk.
