Altcoins News
By Evie Vavasseur
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Bitcoin Stuck in the $63,000 Range. Bitcoin is in its own holding pattern. It's trading around $63,950, which happens to be almost…
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Cardano Rallies, Solana Stalls. Cardano's been the one relative bright spot. It climbed nearly 9% to around $0.
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XRP won't budge. The token is trading around $1.08, pinned below a cluster of moving averages that have basically turned into a ceiling, and the chart isn't giving bulls much to…
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The symmetrical triangle pattern that had been building on XRP's chart broke — but it broke down, not up. That's a bad sign for anyone hoping for a clean recovery.
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Bitcoin is in its own holding pattern. It's trading around $63,950, which happens to be almost exactly where the 50-day EMA sits — so in the short term, the price and the average…
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The level to watch is around $67,000. That's where the 100-day EMA sits, and reclaiming it would at least improve the technical picture.
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So the short version: Bitcoin is stable, but stable doesn't mean bullish.
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Read also: Bitcoin ETFs Pull $172.4 Million in July but Face $5.3 Billion Year-to-Date Hole
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Cardano's been the one relative bright spot. It climbed nearly 9% to around $0.19, clearing both its 50-day and 100-day EMAs in the process.
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Solana's story is different. It's parked around $73, and it can't seem to get past the 100-day EMA at $75 or the 200-day EMA at $79.
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Both Cardano and Solana are stuck in consolidation, waiting for something to break the pattern. Neither has the momentum right now to punch through long-term resistance on its own.
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See also: Bitcoin Hits Two-Week Low at $62,369 While KOSPI Surges 17.9%
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And that's kind of the theme across the board. XRP is below three moving averages and watching support levels nervously.
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XRP's 50-day EMA at $1.09 remains the immediate line in the sand.
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