Bitcoin surged above $96.5K, driven by optimism surrounding renewed US-China trade talks. Meanwhile, Ethereum and Ripple (XRP) are approaching key technical levels that may determine their short-term direction. Cardano’s recent rally appears to be losing strength, prompting traders to watch for either a breakout or a renewed decline across the crypto board.

KEY HIGHLIGHTS 

• Bitcoin Surges Past $96.5K on US-China Trade Optimism
• Ethereum Nears $1,861 Resistance; Breakout Could Signal Bullish Momentum
• XRP Slips Below $2.20 EMA; Risks Further Bearish Pressure
• Cardano Rally Weakens, Faces Resistance Near $0.6900 Level

Bitcoin (BTC)

BTC Climbs Above $96.5K Amid Trade Talk Optimism; Strategy Suggests Buying

Bitcoin traded higher on Wednesday, buoyed by improved global sentiment after news broke of upcoming trade discussions between the U.S. and China. Continued strategic buying also supported the rally. Despite this momentum, BTC remains within the $90,000–$97,000 range, suggesting consolidation after its strong late-April surge.

Technical Overview

Moving Averages

• Exponential
• MA 10: 95,302.99 | Positive Crossover | Bullish
• MA 20: 93,143.72 | Positive Crossover | Bullish
• MA 50: 90,038.60 | Positive Crossover | Bullish
• Simple
• MA 10: 95,601.96 | Positive Crossover | Bullish
• MA 20: 93,137.64 | Positive Crossover | Bullish
• MA 50: 87,458.26 | Positive Crossover | Bullish

Indicators

• RSI: 66.29 | Buy Zone | Bullish
• Stochastic Oscillator: 79.27 | Buy Zone | Neutral

Key Levels

• Resistance:
• R1: 96,352.96
• R2: 101,420.45
• Support:
• S1: 79,948.01
• S2: 74,880.52

Market Sentiment

• Overall Sentiment: Bullish
• Market Direction: Buy

Trade Suggestion

• Limit Buy: 94,284
• Take Profit: 99,500
• Stop Loss: 91,685

Ethereum (ETH)

ETH Approaches Key Resistance at $1,861; Breakout May Trigger Bullish Rally

Ethereum continues to trade in a consolidation range between $1,700 and $1,861. The asset is nearing the upper boundary at $1,844. A close above $1,861 may initiate a bullish rally toward $2,000. However, failure to break through could result in a decline toward the $1,700 or $1,449 support levels.

Technical Overview

Moving Averages

• Exponential
• MA 10: 1,812.88 | Positive Crossover | Bullish
• MA 20: 1,783.36 | Positive Crossover | Bullish
• MA 50: 1,852.99 | Negative Crossover | Bearish
• Simple
• MA 10: 1,820.21 | Positive Crossover | Bullish
• MA 20: 1,764.66 | Positive Crossover | Bullish
• MA 50: 1,778.45 | Positive Crossover | Bullish

Indicators

• RSI: 58.16 | Buy Zone | Bullish
• Stochastic Oscillator: 75.62 | Buy Zone | Neutral

Key Levels

• Resistance:
• R1: 1,928.82
• R2: 2,063.15
• Support:
• S1: 1,493.96
• S2: 1,359.63

Market Sentiment

• Overall Sentiment: Bullish
• Market Direction: Buy

Trade Suggestion

• Limit Buy: 1,793.3
• Take Profit: 1,918.0
• Stop Loss: 1,731.5

Ripple (XRP)

XRP Below 50-Day EMA at $2.20; Risk of Further Downside Toward $1.96

XRP fell below its 50-day EMA at $2.20 and continues to face bearish pressure. Currently trading near $2.14, the token risks a decline toward $1.96 if resistance at $2.20 persists. However, a successful close above $2.20 could revive bullish sentiment and lead to a test of the $2.50–$3.00 zone.

Technical Overview

Moving Averages

• Exponential
• MA 10: 2.1726 | Negative Crossover | Bearish
• MA 20: 2.1692 | Negative Crossover | Bearish
• MA 50: 2.1964 | Negative Crossover | Bearish
• Simple
• MA 10: 2.1936 | Negative Crossover | Bearish
• MA 20: 2.1754 | Negative Crossover | Bearish
• MA 50: 2.1727 | Negative Crossover | Bearish

Indicators

• RSI: 47.94 | Neutral Zone | Neutral
• Stochastic Oscillator: 24.91 | Sell Zone | Neutral

Key Levels

• Resistance:
• R1: 2.3417
• R2: 2.5181
• Support:
• S1: 1.7707
• S2: 1.5943

Market Sentiment

• Overall Sentiment: Bearish
• Market Direction: Sell

Trade Suggestion

• Limit Sell: 2.15
• Take Profit: 2.04
• Stop Loss: 2.24

Cardano (ADA)

Cardano’s Uptrend Weakens as Resistance at $0.6900 Holds

Cardano attempted to recover from the $0.6420 support but now faces key resistance at $0.6900. A failure to break above this level may prompt a decline toward $0.6630 or even $0.6320. Upside momentum remains capped as ADA struggles to regain the $0.730 level.

Technical Overview

Moving Averages

• Exponential
• MA 10: 0.6845 | Positive Crossover | Bullish
• MA 20: 0.6794 | Positive Crossover | Bullish
• MA 50: 0.6874 | Negative Crossover | Bearish
• Simple
• MA 10: 0.6892 | Negative Crossover | Bearish
• MA 20: 0.6807 | Positive Crossover | Bullish
• MA 50: 0.6696 | Positive Crossover | Bullish

Indicators

• RSI: 52.39 | Buy Zone | Bullish
• Stochastic Oscillator: 37.62 | Sell Zone | Neutral

Key Levels

• Resistance:
• R1: 0.7361
• R2: 0.7913
• Support:
• S1: 0.5573
• S2: 0.5021

Market Sentiment

• Overall Sentiment: Neutral
• Market Direction: Buy

Trade Suggestion

• Limit Buy: 0.6633
• Take Profit: 0.723
• Stop Loss: 0.635

Elsewhere in the Crypto Market

• Bitcoin (BTC): Up 0.12% at 96,930
• Ethereum (ETH): Up 1.44% at 1,843.00
• Litecoin (LTC): Up 9.12% at 92.14
• Solana (SOL): Up 2.54% at 147.85
• Dogecoin (DOGE): Up 0.81% at 0.173

Key Economic Events Today

• USD:
• FOMC Statement — 23:30
• Federal Interest Rate Decision
• Forecast: 4.50%
• Previous: 4.50%
• Time: 23:30