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U.Today – With recent performance showing strength above $100,000, continues to rise. A more interesting view can be seen on the chart: Bitcoin may still be in a hidden downward trend. Despite not forming a strong sentiment, it has reached a higher high since its peak in late 2024. The daily chart of the descending trendline is the most telling indicator.
Bitcoin did not make a clear move above this barrier, indicating that there is insufficient evidence to support a complete uptrend. To continue its upward trend, Bitcoin needs to surpass the previous peak of approximately $110,000. Its price action remains in a mixed zone until then, and any rejection below this level could strengthen the hidden downtrend. Bitcoin’s volume profile is another factor that contributes to uncertainty. It has not yet reached the levels observed in previous peaks, despite recent increases.
This could suggest that there is not enough strong buying power to move Bitcoin past its current resistance. However, Bitcoin’s ability to remain stable above the 50 EMA and maintain its value around $100,000 gives bulls hope. These levels serve as strong support, and a breakout is still possible as long as Bitcoin stays above them.
Bitcoin is in a changing future. The hidden downtrend will be confirmed and the return of strong momentum will be indicated by a breakout above $110,000. On the contrary, it may confirm a wider correction if it fails to break above the trendline and falls below $9,000.
potential breakthrough by
Around $0.40, Dogecoin successfully broke through a key resistance level, indicating a fresh market rally. In addition, it is trying to cross the 50 EMA resistance, an important technical barrier that has kept the price lower for weeks. There are two recent attempts to break above the 50 EMA with this move. Despite its encouraging rise in momentum, DOGE has yet to establish itself above this level, so the next few days will be crucial for its price run.
The $0.45-$0.50 range could be the target for future upside moves if Dogecoin gains traction above $0.40 and maintains its momentum past the 50 EMA. This positive view is also supported by quantitative data. Buying pressure has increased significantly, making it necessary for DOGE to continue its current aggressive testing. The market is still cautious, however, because a pullback back to the support zone around $0.35 could happen if it cannot hold above $0.40.
The bearish trend that has been in place since mid-December will be erased if this resistance level is broken. A strong breakout would suggest that the bulls are back in control and could lead to a bigger rally. In the event that DOGE is unable to maintain its position above the resistance, the bears may regain control and push the price back to $0.30 or lower. In that case, the DOGE is likely to enter a prolonged period of consolidation.
still suppressed
With its price movement showing little hope for the near future, Ethereum still has a problem in the market. The cryptocurrency has not developed any significant upward momentum and is stuck in a consolidation phase. With the current price of around $3,740, Ethereum has failed to recover from its earlier highs. Near $3,120, it recently recovered from the 200 EMA, resulting in a brief rally to support.
But it is difficult to break through the resistance level of the 50 EMA – roughly, the $3,557 and $3,800 marks. The price has repeatedly failed to close above this important level, indicating a lack of bullish strength. A gloomy picture is also painted by the current volume, which shows little buying interest and feeds the bearish sentiment. The possibility of a deeper pullback increases if Ethereum fails to break through the 50 EMA and gain traction above $3,800.
The 200 EMA, which has served as an effective line of defense for ETH so far, is located near $3,120, the next important support. If there is a breakdown below this level, further declines are possible, possibly reaching $2,900 or lower. A successful break above $3,800, on the other hand, could change the bullish sentiment and bring Ethereum closer to the psychological level of $4,000 and higher.
