Bitcoin and Ethereum prices have staged a recovery this week after encountering support at key levels. Ripple, however, has been the standout performer, finding support at the upper boundary of a bullish symmetrical triangle pattern.
Bitcoin:
- Rebounded from a dip below $90,000, currently trading above $97,000.
- A close above $100,000 could target the all-time high of $108,353.
- A close below $90,000 could extend the decline towards $85,000.
Ethereum:
- Recovered above its 200-day EMA after a brief dip below $3,000.
- A close above $3,235 could target the $3,730 resistance level.
- A close below $3,114 could extend the decline towards $3,000.
Ripple:
- Rallied strongly after finding support at the upper boundary of a symmetrical triangle pattern.
- A continuation of the upward momentum could target a price of $3.63.
- A close below $1.96 could extend the decline towards $1.40.
- Technical indicators (RSI and MACD) suggest bullish momentum.
Overall:
The crypto market is showing signs of recovery, with Bitcoin and Ethereum finding support at key levels. Ripple, however, has been the most impressive, with strong bullish signals.
January 2025, Cryptoniteuae
📧 The Gulf reads Cryptonite first
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