Critical Buy-Sell Levels for DOGE, SOL, ADA, XRP: A Comprehensive Analysis for Crypto Traders
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- Bitcoin faces selling near its 50-day SMA, indicating a likely continuation of range-bound action for a few more days. What are the key resistance levels to watch out for in leading altcoins including Bitcoin and XRP Coin? Crypto analyst Rakesh Upadhyay examines the charts to find out.
- Bitcoin managed to climb above the 20-day EMA ($63,556) after a minor hesitation. However, the bulls failed to pierce the 50-day SMA ($65,937). Both moving averages have flattened and the RSI is near the midpoint, indicating a range-bound action in the short term.
- Ethereum managed to break out of the 20-day EMA ($3,143) on May 6. However, the long wick on the candlestick shows strong selling by the bears. The sellers will try to increase their strength and pull the price down to the critical support at $2,850.
Bitcoin and leading altcoins face key resistance levels. Analyst Rakesh Upadhyay examines the charts for Bitcoin, Ethereum, Binance Coin, and Solana.
Bitcoin (BTC) Price Analysis
After a minor hesitation, Bitcoin managed to climb above the 20-day EMA ($63,556). However, the b... Read the full article for FREE at COINOTAG!
