Today's Crypto Assets Technical Analysis: BTC, ETH, XRP, SOL, DOGE, ADA, HYPE

As selling pressure increases, Bitcoin (BTC) continues to be capped around 120,000 USD, but the positive signal is that long positions have steadfastly prevented the price from falling below 115,000 USD in recent days. This indicates that whenever there is a slight pullback in price, buyers quietly step in, helping to maintain the overall upward momentum.

According to data from SoSoValue, during the trading session on Monday, the Bitcoin spot ETF had a net outflow of $131.35 million. However, it is worth noting that in the previous 12 days, the Bitcoin spot ETF had a net inflow of approximately $6.6 billion, indicating that investor sentiment remains optimistic and they are not in a hurry to take profits, but rather are betting on the continuous rise of Bitcoin prices.

Not only Bitcoin, but Ethereum (ETH) is also becoming a center for capital inflow. CoinShares stated that in the past week, the inflow of ETH-related investment products reached a new high of $2.12 billion, which is double the previous high of $1.2 billion.

Can Bitcoin break through the resistance area and continue the upward trend? Can altcoins maintain their current recovery momentum? Let's analyze the trend charts of mainstream cryptocurrencies to find the answers.

BTC Technical Analysis

The long positions did not let the price fall below 115,000 USD, but it is difficult to push the price above 120,000 USD.

The 20-day moving average (115,289 USD) shows an upward trend, and the RSI is in the positive zone, indicating that the path of least resistance is upward. If long positions push the price above 123,218 USD, the BTC/USDT pair may gain momentum, soaring to 135,729 USD, followed by reaching the pattern target of 150,000 USD.

Bears need to push the price below the support level of $110,530 to gain an advantage. At that point, the selling pressure may intensify and push the price towards the $100,000 mark.

(Source: Trading View)

ETH Technical Analysis

Ethereum broke through the resistance level of $3,745 on Sunday, but the long positions failed to maintain the breakout.

ETH price has dropped below $3,745, indicating that the high area is experiencing selling pressure. ETH/USDT may pull back to the 38.2% Fibonacci retracement level at $3,494, and further pull back to the 50% Fibonacci retracement level at $3,381. If the price rebounds from this support level, long positions will attempt to push the price up to $4,094 again.

On the contrary, breaking below 3.38 USD may lead the price to fall to the 20-day EMA of 3.191 USD, thereby delaying the upward trend.

(Source: Trading View)

XRP Technical Analysis

XRP broke through the resistance level of $3.40 on Thursday, with long positions maintaining the price above the breakout area, indicating an attempt to turn the $3.40 area into a support level.

If the price breaks through $3.66, the XRP/USDT trading pair may resume its upward trend. The next target is $4, followed by $4.86.

Despite the trend remaining bullish, the Relative Strength Index (RSI) is in overbought territory, increasing the risk of a pullback or sideways consolidation in the short term. If the price falls and closes below $3.40, the currency pair may drop to the 20-day Exponential Moving Average (EMA) at $2.96. This is a key support level, and if it is breached, a rebound above $3.40 could form a bull trap.

(Source: Trading View)

SOL Technical Analysis

Solana (SOL) has made a strong breakout, surpassing the key resistance level of $185 on Monday, opening the door for further gains. Currently, long positions are attempting to push the price above $209 to solidify their position.

However, the RSI indicator is delving into the overbought zone, indicating a potential minor pullback or short-term consolidation. If the price stays above the support level of 185 USD, it suggests that buyers are absorbing the downturn—this is a positive signal that will enhance the prospects of breaking through 209 USD. In this scenario, the next target levels for the SOL/USDT pair could be 220 USD and 240 USD.

On the contrary, if profit-taking pressure pushes the price below $185, it will confirm the exit of short-term investors. The next support area will be near the 20-day moving average ($170).

(Source: Trading View)

DOGE Technical Analysis

Dogecoin (DOGE) broke through the resistance level of $0.26 on Sunday, breaking the sideways trend and entering a new bullish phase.

Currently, the bears are trying to pull the price back below $0.26. If successful, this could trap the long positions and push DOGE/USDT to a pullback at the 20-day moving average of ( $0.21 ) — this is expected to trigger new buying pressure.

On the contrary, if the price rebounds from the $0.26 area, it indicates that this level has turned into a support level. Although Dogecoin may face minor resistance at $0.29, the likelihood of breaking through this level is high, pushing the price towards the target area of $0.35.

(Source: Trading View)

ADA Technical Analysis

Cardano (ADA) earlier this week broke through the resistance level of 0.86 USD, but is facing selling pressure as it approaches higher price levels.

If the bears pull the price down below $0.86, the ADA/USDT trading pair may pull back to the 20-day moving average at ( 0.74 USD ). This is an important defense level for long positions - if it breaks down, the downtrend could extend to the 50-day moving average at ( 0.65 USD ).

On the other hand, if the price holds above the 20-day moving average and rebounds, buying pressure may drive ADA to break through the resistance level of $0.94. Subsequently, the upward trend will resume, targeting $1.02 and $1.17 respectively.

(Source: Trading View)

HYPE Technical Analysis

Hyperliquid (HYPE) rebounded from the 20-day EMA ($43.77) on Sunday, but due to profit-taking pressure at higher levels, it failed to maintain its pump.

Currently, bears are trying to push the price below the 20-day moving average. If successful, the HYPE/USDT coin pair may further fall towards the bottom support level of the rising channel.

However, if the price rebounds from the current level and breaks through $48, it indicates that buying pressure is strongly recovering. In this case, speculation may dip towards the upper resistance zone of the price channel, around $58.

(Source: Trading View)