- Dogecoin has set a new record with seven consecutive days of losses, while Bitcoin remains trapped in a tightening range that signals an imminent breakout.
- Meanwhile, XRP is coiling within a symmetrical triangle pattern, suggesting an explosive move is near as traders await volume confirmation.
Dogecoin Hits Unwanted Milestone
Dogecoin (DOGE), once the poster child of meme coin mania, just logged its longest losing streak ever — seven straight days of red candles. This bearish trend has pushed DOGE below key technical indicators, including the 50, 100, and 200 EMAs, signaling a deeply entrenched bearish structure.
Now hovering around the $0.16 mark — a psychological support level — the RSI sits near 34, brushing oversold territory. While this could be a springboard for a technical bounce, any recovery must come with a sharp increase in trading volume and a break above the $0.18–$0.19 resistance zone. Until then, Dogecoin remains trapped in a downtrend, with investor sentiment turning cautious.
Bitcoin’s Tight Range Signals Breakout Incoming
Bitcoin (BTC) is currently caught between two major moving averages: the 50 EMA acting as support and the 26 EMA as resistance. This classic “pressure cooker” formation suggests that a breakout is looming.
The RSI hovering around 50 reflects a market stuck in neutral — neither overbought nor oversold. A move above the 26 EMA and the descending resistance trendline could propel BTC back toward $110,000. However, a drop below the 50 EMA and $103,000 support could spark a deeper slide toward $95,000. The direction BTC chooses will likely steer the broader market in the coming weeks.
XRP Coiled for a Massive Move
XRP is drawing significant attention as its price coils into a symmetrical triangle — one of the most reliable patterns hinting at explosive volatility. Currently priced around $2.13 and sitting just above the 200 EMA, XRP is approaching a decisive moment.
If XRP breaks above the $2.25–$2.28 resistance range, bulls could catapult it toward $2.50 or higher. On the flip side, a failure to hold support at $2.09–$2.10 could see a correction down to $1.95. With volume declining and RSI at a neutral 46, traders are watching for a clear breakout confirmation. Whichever way it swings, XRP is gearing up for a major move — and soon.
Crypto markets are simmering beneath the surface. Whether it’s Dogecoin fall, Bitcoin’s coiling tension, or XRP’s impending eruption — volatility is coming. Buckle up.
