Solana’s rush to $150
XRP is still actively battling for the $0.5 threshold, but the momentum is not there. So, the question is: will it be able to break through at the current pace?
At the moment, XRP is trading just below the crucial $0.5 threshold at approximately $0.47. XRP is having difficulty assembling sufficient buying pressure to break through this key resistance level, as the chart illustrates.
The 100 EMA at $0.52 and the 200 EMA at $0.53 are further obstacles, with the 50 EMA serving as a short-term resistance at $0.50. A strong breakout is not likely given the comparatively low trading activity indicated by the volume bars. Although XRP does not appear to be in oversold territory, the RSI of 40 indicates that there is not a lot of buying interest in the stock.
Solana’s rush to $150
Solana has been trying to conquer the $150 threshold for the last few days, but each and every attempt ended poorly, with the asset’s price retracing toward $140. We are currently seeing another attempt to break through.
Solana is trading at about $147, which is slightly below the critical $150 threshold. There is a notable resistance level above the 50 EMA, which is currently located at $155. Solana appears to be engaged in a battle between resistance and support, as indicated by the 100 EMA’s slight dip below the current price.
Ethereum at pivotal level
Ethereum has failed to regain a foothold above $3,500, and the current struggle it shows on the market is clearly a bearish sign. Without many buyers on the market, ETH is more likely struggling to gain momentum. The lack of trading volume suggests that we will have to see a longer consolidation.
ETH is trading at approximately $3,445, just over its 100 EMA, which is at $3,359. The fact that the 50 EMA is still below the 200 EMA suggests that the general trend is still negative.
