Bitcoin Faces Trend Reversal as Mini-Death Cross Forms, XRP Shows Indecision, Dogecoin Battles Key Resistance

Bitcoin (BTC) is currently facing a significant technical challenge with the formation of a mini-death cross, which occurs when the 50-day Exponential Moving Average (EMA) intersects with the 100-day EMA. This crossover is often seen as an early indicator of a trend reversal and waning momentum. Despite Bitcoin's recent attempts to recover and reach $90,000, the lack of substantial volume has hindered its progress, leading to a stalling of momentum. The Relative Strength Index (RSI) currently stands at 51.39, indicating neutrality and allowing for additional upward movement, but not confirming strong bullish pressure. The next support level to watch is around $85,500, as a drop below this level could signal renewed downward pressure.

XRP, which recently attempted a technical breakout, is now showing signs of indecision. After pushing above the 50 EMA around $2.39, the asset has slightly retracted and is currently trading at $2.44 with a daily loss of 0.32%. The lack of follow-through and decreasing volume has raised concerns about a potential fake breakout. The RSI is neutral at 51.84, with no clear bullish or bearish signal. XRP is currently hovering just above a support cluster created by the 50 EMA ($2.39) and 100 EMA ($2.31). A breakdown below $2.31 could expose the next level of macro support at the 200 EMA. Resistance to the upside is encountered in the $2.60–$2.70 region, and a confirmed daily close above this level could trigger a move toward $3.00.

Dogecoin (DOGE), one of the major digital assets, has not confirmed a significant breakout and is currently trading at $0.18, up 1.76% intraday. DOGE is battling at a crucial technical threshold, the 26-day EMA, while other top-tier cryptocurrencies have broken above important moving averages or started trend reversals. The 26 EMA is currently at $0.18, just below DOGE, which has not managed to achieve a clear daily close above this short-term resistance. Higher resistance levels at $0.21 and possibly the 50 EMA close to $0.24 would become accessible with a clear break above the 26 EMA. The price structure indicates that DOGE has recovered from a solid support base at $0.15 but has failed to garner enough momentum to replicate the recoveries observed in Bitcoin, XRP, and Shiba Inu. The RSI is at 48.57, indicating indecision, and the low volume suggests that traders are waiting for a more distinct technical signal before reentering the market.