MARKET UPDATE

Market Overview

The overall cryptocurrency market experienced a slight decline of approximately 3% over the past week, keeping potential panic in check but remaining watchful.

Contents

MARKET UPDATE Market Overview Key Levels XRP: Continuing Sideways Motion Dogecoin: Meme Coin Weakness Disclaimer

Bitcoin maintained relative stability despite a recent 3.5% drop below $114,000. It showed minimal movement (+2%) in the last seven days, contrasting sharply with meme coins.

Post-week session lows near $114,000 are testing key short-term support levels and could signal deeper corrections if sustained. A crucial triangle pattern, established since last month, offers significant resistance starting around $118,900.

Technical indicators present mixed signals for Bitcoin:

The Relative Strength Index (RSI) at 63 indicates healthy bullish momentum, though indicates selling pressure is increasing.
The Average Directional Index (ADX) of 28 confirms trend strength but suggests a weakening compared to previous weeks.
The 50-day Exponential Moving Average continues to track above the 200-day EMA, maintaining a long-term bullish posture.

Beyond volatility, the broader market faces scrutiny:

Analysts are monitoring U.S. import tariffs for their potential impact on the dollar and inflation.
The Federal Reserve’s maintained interest rate range of 4.25%-4.5% has created a cautious environment that disadvantages high-beta assets like certain cryptos.

Key Levels

**Immediate Support:** $110,000 (psychological level)
**Strong Resistance:** $118,859 (Fibonacci retracement) & $122,000 (ATH area)

Opinion polls via prediction markets, such as Myriad, place odds for BTC hitting $125K by +55%, a slight decrease from recent peaks, suggesting fading bullishness despite overall bullish technical charts.

XRP: Continuing Sideways Motion

XRP continued its sideways drift with a 6.08% decline to $3.04, hindered by a previous inability to breach recent trading ranges despite positive regulatory news.

Technical readings provide contrasting signals:

XRP’s RSI of 61 suggests overweighting but neutral conviction.
An ADX reading of 21 confirms range-bound movement.
MA configuration signals a fragile bullish case.

Dogecoin: Meme Coin Weakness

Meme coin Dogecoin saw its sharpest drop of 8% to $0.20, emphasizing their vulnerability in the current market, surpassing losses among top coins.

Bearish signals were widespread for DOGE:

An RSI of 50 points neutrality but reflects waning momentum.
An ADX of 16 significantly belies establishment of new trends.
Tight support zones near $0.20-$0.18 warrant cautious interpretation as potential false signals are a possibility.