Solana started a fresh decline from the $188 zone. SOL price is now consolidating losses below $180 and might decline further below $175.

• SOL price started a fresh decline below $185 and $180 against the US Dollar.
• The price is now trading below $182 and the 100-hourly simple moving average.
• There is a key bearish trend line forming with resistance at $192 on the hourly chart of the SOL/USD pair (data source from Kraken).
• The price could start another increase if the bulls defend $175 or $172.

Solana Price Dips Again

Solana price extended gains above $180 and $182, like Bitcoin and Ethereum. SOL even surpassed $188 before the bears appeared. A high was formed near $189 and the price dropped.

There was a move below $185 and $180. A low was formed at $176, and the price is now consolidating losses with a bearish angle below the 23.6% Fib retracement level of the downward move from the $188 swing high to the $176 low. Besides, there is a key bearish trend line forming with resistance at $192 on the hourly chart of the SOL/USD pair.

Solana is now trading below $185 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $182 level or the 50% Fib retracement level of the downward move from the $188 swing high to the $176 low.

The next major resistance is near the $185 level. The main resistance could be $188. A successful close above the $188 resistance zone could set the pace for another steady increase. The next key resistance is $192 and the trend line. Any more gains might send the price toward the $200 level.

Downside Continuation In SOL?

If SOL fails to rise above the $188 resistance, it could continue to move down. Initial support on the downside is near the $175 zone. The first major support is near the $172 level.

A break below the $172 level might send the price toward the $165 support zone. If there is a close below the $165 support, the price could decline toward the $150 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level.

Major Support Levels – $175 and $172.

Major Resistance Levels – $188 and $192.

XRP price started a fresh decline from $2.550. The price is now showing bearish signs and is at risk of another decline in the near term.

• XRP price failed to continue higher above $2.550 and corrected some gains.
• The price is now trading below $2.50 and the 100-hourly Simple Moving Average.
• There is a bearish trend line forming with resistance at $2.580 on the hourly chart of the XRP/USD pair (data source from Kraken).
• The pair could start a fresh increase if it stays above $2.410.

XRP Price Dips Again

XRP price formed a short-term top near $2.550 and started a downside correction, like Bitcoin and Ethereum. The price dipped below the $2.520 and $2.50 levels.

There was a move below the 50% Fib retracement level of the upward wave from the $2.377 swing low to the $2.552 high. The price even spiked below $2.42 but remained stable above $2.40. Besides, there is a bearish trend line forming with resistance at $2.580 on the hourly chart of the XRP/USD pair.

The price is now trading below $2.50 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.480 level. The first major resistance is near the $2.50 level, above which the price could rise and test $2.550.

A clear move above the $2.550 resistance might send the price toward the $2.580 resistance and the trend line. Any more gains might send the price toward the $2.650 resistance. The next major hurdle for the bulls might be near $2.720.

More Losses?

If XRP fails to clear the $2.580 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.410 level and the 76.4% Fib retracement level of the upward wave from the $2.377 swing low to the $2.552 high. The next major support is near the $2.380 level.

If there is a downside break and a close below the $2.380 level, the price might continue to decline toward $2.320. The next major support sits near the $2.250 zone, below which the price could continue lower toward $2.20.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $2.410 and $2.380.

Major Resistance Levels – $2.550 and $2.580.

Ethereum price started a fresh decline below $3,850. ETH is moving lower below $3,800 and might decline further if it trades below $3,680.

• Ethereum started another bearish wave after it failed to clear $3,920.
• The price is trading below $3,800 and the 100-hourly Simple Moving Average.
• There was a break below a rising channel with support at $3,840 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair could continue to move down if it trades below $3,680.

Ethereum Price Dips Again

Ethereum price failed to stay in a positive zone and started a fresh decline, like Bitcoin. ETH price declined below $3,880 and $3,850 to enter a bearish zone.

There was a clear move below the 61.8% Fib retracement level of the upward move from the $3,678 swing low to the $3,916 high. Besides, there was a break below a rising channel with support at $3,840 on the hourly chart of ETH/USD.

Ethereum price is now trading below $3,800 and the 100-hourly Simple Moving Average. The current price action is bearish below the 76.4% Fib retracement level of the upward move from the $3,678 swing low to the $3,916 high.

If there is another increase, the price could face resistance near the $3,840 level. The next key resistance is near the $3,860 level and the 100-hourly Simple Moving Average.

The first major resistance is near the $3,920 level. A clear move above the $3,920 resistance might send the price toward the $4,000 resistance. An upside break above the $4,000 region might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $4,120 resistance zone or even $4,200 in the near term.

More Losses In ETH?

If Ethereum fails to clear the $3,840 resistance, it could start a fresh decline. Initial support on the downside is near the $3,680 level. The first major support sits near the $3,650 zone.

A clear move below the $3,650 support might push the price toward the $3,550 support. Any more losses might send the price toward the $3,500 region in the near term. The next key support sits at $3,450 and $3,440.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now below the 50 zone.

Major Support Level – $3,680

Major Resistance Level – $3,840

Bitcoin price is again declining below $110,000. BTC could continue to move down if it stays below the $110,000 resistance.

• Bitcoin started a fresh decline below the $109,500 support.
• The price is trading below $109,000 and the 100 hourly Simple moving average.
• There is a bearish trend line forming with resistance at $109,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might continue to move down if it trades below the $107,400 zone.

Bitcoin Price Faces Rejection

Bitcoin price failed to stay above the $110,500 pivot level and started a fresh decline. BTC dipped below $110,000 and $109,500 to enter a bearish zone.

The decline was such that the price traded below the 50% Fib retracement level of the upward move from the $106,312 swing low to the $111,000 high. Besides, there is a bearish trend line forming with resistance at $109,800 on the hourly chart of the BTC/USD pair.

Bitcoin is now trading below $109,000 and the 100 hourly Simple moving average. If the bulls attempt a fresh increase, the price could face resistance near the $109,500 level. The first key resistance is near the $109,800 level and the trend line.

The next resistance could be $110,500. A close above the $110,500 resistance might send the price further higher. In the stated case, the price could rise and test the $111,200 resistance. Any more gains might send the price toward the $113,500 level. The next barrier for the bulls could be $115,000 and $115,500.

More Losses In BTC?

If Bitcoin fails to rise above the $109,800 resistance zone, it could continue to move down. Immediate support is near the $107,400 level or the 76.4% Fib retracement level of the upward move from the $106,312 swing low to the $111,000 high. The first major support is near the $106,500 level.

The next support is now near the $105,500 zone. Any more losses might send the price toward the $104,200 support in the near term. The main support sits at $103,500, below which BTC might struggle to recover in the short term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $107,400, followed by $106,500.

Major Resistance Levels – $109,800 and $110,500.