Dogecoin started a fresh decline from the $0.2120 zone against the US Dollar. DOGE is now consolidating and might decline below the $0.1940 support. DOGE price started a fresh decline below the $0.2050 level. The price is trading below the $0.20 level and the 100-hourly simple moving average. There is a key declining channel forming with resistance at $0.20 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh upward move if it clears the $0.20 and $0.2050 resistance levels. Dogecoin Price Dips Again Dogecoin price started a fresh decline from the $0.2120 resistance zone, underperforming Bitcoin and Ethereum. DOGE declined below the $0.2050 and $0.20 support levels. There was a steady decline below the 50% Fib retracement level of the upward move from the $0.1886 swing low to the $0.2112 high. The bears even pushed the price below the $0.1980 level. There is also a key declining channel forming with resistance at $0.20 on the hourly chart of the DOGE/USD pair. Dogecoin price is now trading below the $0.1980 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.20 level. The first major resistance for the bulls could be near the $0.2050 level. The next major resistance is near the $0.2120 level. A close above the $0.2120 resistance might send the price toward the $0.2250 resistance. Any more gains might send the price toward the $0.2350 level. The next major stop for the bulls might be $0.250. More Losses In DOGE? If DOGE’s price fails to climb above the $0.2050 level, it could start a fresh decline. Initial support on the downside is near the $0.1940 level or the 76.4% Fib retracement level of the upward move from the $0.1886 swing low to the $0.2112 high. The next major support is near the $0.1880 level. The main support sits at $0.1750. If there is a downside break below the $0.1750 support, the price could decline further. In the stated case, the price might decline toward the $0.1680 level or even $0.1620 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now below the 50 level. Major Support Levels – $0.1940 and $0.1880. Major Resistance Levels – $0.2000 and $0.2050. Source: newsbtc.com (Read Full Article)

As Solana (SOL) attempts to reclaim a crucial level, a market watcher forecasted a massive rally for this quarter. However, some analysts suggested that the cryptocurrency will retest the range lows soon. Related Reading: Is Bitcoin’s Price Discovery Rally Over? This Week’s Performance May Hold The Answer Solana Nears Crucial Level On Tuesday, Solana surged 9.6% from the recent lows, driven by the start of Solana Mobile’s global shipments of the Seeker, its second-generation Web3 smartphone, to over 50 countries. The news propelled the altcoin to a multi-day high of $171, fueling bullish sentiment among investors before its price retraced to the mid-zone of its local range. Notably, SOL has been hovering between the $140-$180 range since the April-May breakout, attempting to reclaim the local high for the past three months. During the June correction, SOL momentarily lost its local range lows, retesting the $120-$130 zone as support. However, the cryptocurrency reclaimed its range amid the July rally, briefly breaking out of the upper boundary and hitting a five-month high of $206 two weeks ago. Since then, Solana has seen a 25% correction from the highs to the mid-zone of its local price range, currently trading between the $160-$164 levels. Amid its recent performance, analyst Ali Martinez highlighted SOL’s most crucial levels, based on the UTXO Realized Price Distribution (URPD) indicator. According to the chart, the key support area for the altcoin is around the $165 mark, where the largest supply cluster is with 44.4 million SOL, or 7.42% of the supply. As a result, Solana must reclaim the $165 level soon, or it will risk turning this key level into a key resistance, leading to further downside. Nonetheless, if this level is reclaimed, then the altcoin would have to retest the crucial resistance levels around $177 and $189, where investors have also accumulated 27.6 million and 23.6 million SOL, respectively. SOL Preparing For The ‘Real’ Run? Analyst Crypto Jelle highlighted Solana’s recent price action, asserting that SOL is “quietly trending higher” with higher lows and turning resistance levels as support. The market watcher forecasted that Solana would reach a new all-time high this quarter, as he doubts “the train stops anytime soon” once it finally breaks out of the $200 resistance. Meanwhile, Crypto Batman suggested that the altcoin will see another correction soon. To the analyst, Solana could have a 10% drop to its four-month ascending support line, which sits around the $150 level, before “the real move.” Per the chart, the cryptocurrency has bounced from this support line twice, in April and June, before rallying to local highs during the May and July price breakouts. Related Reading: Cardano Marks Historical Milestone With Governance Vote, Hoskinson Reacts Similarly, analyst Ted Pillows asserted that SOL could see a significant rally this year despite the recent underperformance, as network activity remains strong. He predicted a 10%-15% correction, affirming that “a dip towards $140-$150 before reversal is highly likely to happen.” As of this writing, Solana is trading at $$163, a 3.3% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com Source: newsbtc.com (Read Full Article)

The Bitcoin price has rebounded once again after initially testing the waters with a crash to $112,000. This was spurred by profit-taking as the digital asset had risen to levels not seen before back in July 2025. However, this recovery does not mean that Bitcoin is completely out of the water, especially given the fact that it has retraced to a level that would be considered bearish at this point. Bearish FVG Could Send Bitcoin Price Crashing In an analysis, crypto analyst Kamran Asghar revealed that the Bitcoin retrace could only be temporary and short-lived as it has moved back into a bearish Fair Value Gap (FVG). This comes after a small bounce from $112,000 toward $115,000, with this bearish FVG lying between $114,000 and $115,500. Related Reading: Pundit Says Ethereum Price Is Headed For $9,000 After This Broadening Wedge Retest This fair value gap had been created following the price crash from $118,000, suggesting that the Bitcoin price would be looking to fill it again. Additionally, this level acts as a major supply zone, meaning that bulls would have to turn up the buying if the Bitcoin price is to cross this level without issue. Given the fact that the bearish FVG and the supply zone are riding ahead of the cryptocurrency, it shows that there is a lot of resistance building at this level. Kamran suggests that the next move after hitting this supply zone would be a rejection from this level, leading to a further beating down of the price. How Low Could BTC Go? In the event of a hard rejection, the crypto analyst sees the Bitcoin price tumbling further downward into mid-July levels between $107,500 and $109,000. This would mean another 5% crash for the Bitcoin price before it is able to find support. Related Reading: Analyst Warns XRP Investors Not To Let Fear Dictate Moves As Long As Price Holds This Level The silver lining of this possible crash is the fact that Bitcoin has major support at this level. Thus, Bitcoin bulls could stage a rebound using this level as the next lift-off point for a recovery. Due to this, the crypto analyst warns investors to keep an eye on the digital asset to see how it reacts at this level. Interestingly, at this time, the Bitcoin funding rate is still positive, Coinglass shows. What this means is that traders believe that the digital asset is still in a bull market, and more investors are betting on the price continuing to rise from here. However, the positive funding rate has seen some decline in the month of August, suggesting a slowdown among bulls. Featured image from Dall.E, chart from TradingView.com Source: newsbtc.com (Read Full Article)

Crypto market analyst Ali Martinez is warning that XRP’s latest pullback could extend, citing a cluster of bearish signals across price, on-chain, and behavioral metrics. Why XRP Could Face A Deeper Correction In an X thread posted early Wednesday, Martinez opened with: “XRP may be headed for a deeper correction. Here’s why!” and pointed to a Tom DeMark Sequential sell signal on the three-day chart “right at the local top,” which he said “trigger[ed] the ongoing pullback.” His remarks follow a weekend note flagging $2.40 as the “next key support level to watch” after that three-day TD sell signal. Martinez expanded on market structure, arguing that while the $3.00 area has intermittently acted as support, historical accumulation patterns make $2.80 a temporary buffer, with “real support” beginning below $2.48—a zone he has mapped using on-chain positioning. Related Reading: XRP Price May Be ‘Controlled’ By This Market, Says Analyst He reiterated on Aug. 3 that “past accumulation behavior points to $2.80 as a temporary buffer for XRP, but real support begins below $2.48,” adding that the most consequential level on his dashboard remains $2.40. Independent coverage of his analysis echoed those thresholds, framing $2.80 as a light cushion with heavier demand pockets sub-$2.50. Flow data has added to the bearish case in the near term. Martinez said whales have offloaded over 720 million XRP, intensifying sell-side pressure in recent sessions; earlier, on Aug. 2, he specified that “whales have sold over 710 million $XRP in the past 24 hours!” That spike in large-holder distribution has been picked up by multiple market trackers and recaps over the past few days. He also flagged the Market Value to Realized Value (MVRV) signal turning sharply negative. “The MVRV ratio just flashed a death cross,” Martinez wrote, calling it “another sign that a steeper correction could be underway.” The post underscores the crossover as a warning of rising downside risk if short-term holders’ cost basis begins to overhang market value. While “death cross” language is more commonly associated with moving-average pairs, Martinez uses the term here to describe a momentum break in MVRV curves. Related Reading: XRP MVRV Flashes Death Cross: More Decline Ahead? The TD Sequential—a Tom DeMark-designed exhaustion model often used to anticipate trend reversals—has been central to Martinez’s view since late July, when he tracked a three-day “sell” print near the top of the latest rally leg. He has since framed the path of least resistance as lower unless the market can establish sustained closes back above the high-volume node near $3.00–$3.20, while on-chain profiles continue to privilege $2.48–$2.40 as the area of “real” demand. As he put it on Aug. 3: “The next key support level to watch is $2.40!” For now, Martinez’s roadmap rests on three pillars: an exhaustion sell on the 3-day TD Sequential, large-holder distribution in the hundreds of millions of XRP, and a bearish MVRV crossover, all of which he argues raise the probability of a deeper corrective leg toward the high-$2s and, if momentum deteriorates, the mid-$2s. Whether bulls can defend the shallower buffers near $2.80 may determine if XRP’s decline remains a garden-variety pullback or morphs into a larger reset toward his $2.40 magnet. At press time, XRP traded at $2.93. Featured image created with DALL.E, chart from TradingView.com Source: newsbtc.com (Read Full Article)