Bitcoin, Ethereum, and Ripple are showing signs of weakness as they approach key support levels. If these levels break, prices could fall further in the coming days.
Bitcoin Faces Key Support at $100,000
Bitcoin reached a new all-time high of $109,588 last week, but it has struggled to maintain momentum. As of Monday, the price is nearing its critical support level of $100,000.
If Bitcoin closes below this level, it could dip to around $90,000. The Relative Strength Index (RSI) shows signs of weakness, while the Moving Average Convergence Divergence (MACD) indicator is also signaling a possible downtrend.
Ethereum Nears Critical $3,136 Level
Ethereum is approaching its 200-day Exponential Moving Average (EMA) at $3,136. If the price falls below this level, Ethereum could decline further, possibly testing the $3,000 mark.
The RSI shows bearish momentum, and the MACD has flipped to a negative crossover, indicating that Ethereum may face a downtrend if it doesn’t hold the $3,136 support.
Ripple Approaching Ascending Trendline Support
Ripple’s price is sliding toward its ascending trendline support. If XRP breaks below $2.72, it could continue to decline and test its next support level at $1.96.
The RSI shows weakening bullish momentum, and the MACD has also flipped bearish, signaling a possible correction. However, if XRP can maintain its momentum, it may test the $3.40 resistance level again.
Takeaway
Bitcoin, Ethereum, and Ripple are all at critical points in their price action. If they fail to hold their support levels, a correction could follow.
Investors should keep a close eye on these levels to see if the market will rebound or face further declines.
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