Dogecoin (DOGEUSD) held steady on gains in its latest intraday trading after maintaining the key support level at 0.1507, which provided positive momentum that helped the price recover part of its previous losses. It also successfully unwound its earlier oversold conditions on the Relative Strength Indicators, which have now shifted into overbought territory—signaling weakening bullish momentum. This comes amid continued negative pressure from trading below the 50-day simple moving average, while the dominant short-term downtrend remains intact with movement along a descending trendline.
Therefore, we expect the cryptocurrency’s price to decline in the upcoming intraday sessions, as long as resistance at 0.1645 holds, targeting once again the mentioned support level at 0.1507 in preparation for breaking it.
Expected direction for the upcoming trading: Bearish
Ethereum Classic (ETCUSD) stabilized on strong gains in its latest intraday trading, successfully unwinding its previous oversold conditions on the Relative Strength Indicators. However, the indicators have now entered extremely overbought territory compared to price movement, increasing the likelihood that negative pressure will return in the near term. This comes as the price continues to trade below its 50-day simple moving average, while the primary short-term downtrend remains dominant with movement along a descending minor trendline.
Therefore, we expect the cryptocurrency’s price to decline in the upcoming intraday sessions, as long as resistance at 14.75 holds, targeting the pivotal support level at 13.40.
Expected direction for the upcoming trading: Bearish
The price of (ETHUSD) declined in its last intraday trading, after its attempts to recover previous losses, supported by the emergence of the positive signals on the relative strength indicators, amid the continuation of the negative pressure due to its trading below EMA50, and under the dominance of the main bearish trend on the short-term basis and its trading alongside bearish trend line, indicating the volume and strength of the bearish momentum of the price.
Bitcoin (BTCUSD) prices declined during their last intraday trading, after reaching overbought levels by the relative strength indicators, amid the continuation of the dynamic pressure that comes from its trading below EMA50, which reduces the chances of sustainable recovery on a near-term basis, and its trading alongside trend line.