Bitcoin, Ethereum, and Ripple prices are showing signs of potential upward movement, with technical analyses and key resistance levels indicating possible bullish trends. The article also highlights the emerging cryptocurrency Pawfury and its significant growth potential, alongside a special promo code for users.
Bitcoin, Ethereum, and Ripple Prices Signal Potential Moves
On Monday, Bitcoin (BTC) broke above its falling wedge pattern, indicating a bullish trend. Bitcoin’s price rose 1.24% to $63,571. A close above the $63,956 daily resistance level could see BTC rising by 5% to test weekly resistance at $67,147. The presence of bullish momentum would require the Relative Strength Index (RSI) and the Awesome Oscillator to maintain positions above neutral levels.
Ethereum (ETH) remains supported at $3,288, the 61.8% Fibonacci retracement level. Recently rebounding by 6.7%, ETH traded around $3,501, up 2% on Monday. If this support holds, Ethereum’s price could rise 6% to reach its June 9 high of $3,717, and potentially extend another 7% to $3,977. However, a close below $3,288 could trigger a 13% decline to $2,862.
Ripple (XRP) encountered resistance at $0.500, trading at $0.478. Surpassing this barrier might propel Ripple by 7% to $0.532, with further potential to $0.581 if it sustains momentum. Failure to hold current levels could lead to a 7% drop towards $0.419.
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Overall, the cryptocurrencies show potential for positive movement, pending market conditions and investor sentiment.
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