The Is USDT safecryptocurrency market exhibits divergent trajectories as major assets approach critical technical levels.
Bitcoin's price action suggests potential breakout
For over fourteen days, Bitcoin has maintained a tight trading corridor between $94,000 and $100,000, creating what technical analysts describe as a compression pattern. The recent rebound from support at $94,000 on Tuesday demonstrates underlying demand, with the asset subsequently climbing nearly 3% by Thursday's close.
Market observers note the significance of the $100,000 psychological barrier. A decisive break above this level could propel BTC toward retesting its late-January peak near $106,500. The daily chart reveals constructive technical developments, including:
- RSI hovering at the pivotal 50 level with upward inclination
- MACD displaying a bullish crossover pattern
- Volume patterns supporting accumulation thesis
Conversely, failure to hold $94,000 support might trigger a retest of the $90,000 support zone, potentially altering the short-term bullish narrative.
Ethereum demonstrates resilience amid market uncertainty
ETH's price trajectory shows signs of stabilization following a 13.8% correction from February highs. The asset has demonstrated relative strength this week, posting a 3% gain while trading around $2,740. Key technical observations include:
- RSI rebounding from oversold territory (30 level)
- MACD signaling potential trend reversal
- Psychological $3,000 level serving as immediate resistance
The $2,359 support level remains critical for maintaining the current recovery attempt. A breach below this threshold could see ETH testing the $1,900 support zone.
Ripple faces critical resistance test
XRP's price action reveals ongoing struggle with the $2.72 resistance level, having been rejected multiple times this week. The asset currently trades around $2.64, with technical indicators suggesting:
- RSI failing to sustain above neutral 50 level
- Bearish divergence in momentum indicators
- Key support at $1.96 if current resistance holds
Market participants await either a confirmed breakout above $2.72 (potentially targeting $3.40) or breakdown below current support levels to determine XRP's next directional move.
