【币界】Recent days have seen many signals in the technical analysis of the cryptocurrency market. First, Bitcoin is hovering around $89,000, but the downward trend line at $94,253 poses strong resistance. If this level cannot be held, it is expected to drop straight to $85,569.
Ethereum's situation is a bit awkward. The price is hovering around $3,100, and it should have held the 50-day moving average at $3,280, but it failed to do so. More worryingly, if it breaks below the key support at $3,017, it could slide all the way down to $2,749.
As for Ripple, its trading price is at $1.99, currently testing the support level at $1.96. This level is very critical; if it falls below, it may continue to probe lower to $1.77.
From technical indicators, RSI and MACD are both signaling a sell. Simply put, the technicals of these three coins are weakening, and the market selling pressure is gradually accumulating. Investors