Gold pulled back at the start of the week as geopolitical tensions eased and the focus shifted to US economic data and earnings reports. The yellow metal defied gravity in recent weeks, clinging to gains despite rising yields and a strengthening dollar. Technically, gold remains overbought, but a breakdown in support levels could signal a potential trend reversal.
Ethereum price extended its decline below $3,200. ETH is struggling and it seems like the bears are now aiming for a move toward the $3,000 support zone.
Bitcoin price struggled to recover above the $68,800 resistance. BTC is now moving lower and there is a risk of more downsides below the $65,000 support.
Ripple XRP price started a downside correction from the $0.7450 resistance. The bulls are now struggling to keep the price above the $0.5850 support zone.
Ethereum price started a downside correction below $3,650. ETH traded below $3,500 and is currently attempting a decent recovery wave in the near term.
Solana is gaining bullish momentum above $200. SOL price is still showing positive signs, and it could even surpass the $220 resistance in the near term.