Bitcoin, Ethereum, XRP, Dogecoin Down As Sentiment Turns To Greed
He notes that spot markets are encountering increased selling pressure, and while the move from $80,000 suggests a solid base, this may not be an optimal time to open new long positions.
Martinez also highlighted that Ethereum has closed above its 200-period simple moving average on the 3-day chart, currently around $2,700.
Historically, such a close has marked the beginning of major bull rallies for ETH.
For Solana, analyst Crypto Zeinab notes that the coin is currently retesting the $180 breakout level.
A successful bullish retest could open the path toward $200.
Supporting this outlook, Glassnode data shows positive 30-day capital inflows of around 4–5% for SOL after months of outflows, signalling renewed investor interest, now on par with XRP.
Bluntz Capital pointed out that Dogecoin is forming a textbook inverse head and shoulders (IHS) pattern. The breakout occurred with strong volume, and the current pullback is seen as a healthy consolidation, potentially setting up for further upside.
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This article Bitcoin, Ethereum, XRP, Dogecoin Down As Sentiment Turns To Greed originally appeared on Benzinga.com
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