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On Wednesday, February 18, the cryptocurrency market is once again under pressure from sellers. Bitcoin, Ethereum, and Ripple remain in a consolidation zone, gradually approaching key support levels. The overall market dynamics looks sideways, but the risk of further decline remains.
Bitcoin BTC $80,248.62 Bitcoin 1.86% Market capitalization $1.61 trillion VOL. 24 hours $1.33 billion is trading below $ 68,000, approaching the lower boundary of the consolidation range at $ 65,729. If the price closes below this level, the decline may continue to $ 60,000. The RSI indicator on the daily chart has dropped to 34, signaling an increase in bearish momentum. At the same time, the MACD maintains its recent bullish crossover, leaving a chance for recovery if the upper limit of $ 71,746 is broken.
Ethereum ETH $2,513.83 Ethereum 0.82% Market capitalization $303.37 billion VOL. 24 hours $0.87 billion has fallen after rejecting the $ 2,149 level and is currently holding near $ 2,000. If the correction continues, the price could drop to $ 1,747. The RSI also indicates that sellers are in favor, but the MACD remains in a positive phase, which opens up the possibility of a recovery to $ 2,400 if the upper boundary of consolidation is broken.
Ripple XRP $1.46 XRP 3.50% Market capitalization $91.33 billion VOL. 24 hours $0.23 billion stabilized near the lower boundary of the trend line after a short-term decline. XRP is currently trading at $ 1.47. If the support does not hold, the decline may continue to $ 1.30. If the trend line holds, the recovery may head to the 50-day EMA at $ 1.71.
All three top cryptocurrencies are at critical points. Technical indicators show conflicting signals: RSI confirms the pressure of sellers, while MACD leaves room for a potential recovery. The coming days will be crucial in determining the market’s future direction.