) has been gradually sinking toward its support after failing to break out of the resistance. This suggests that the bears will attempt to yank Bitcoin below the range and seize control.
Time is running out for the bears. If they want to make a comeback, they will have to drag the price below the 20-day EMA. If they do that, the index could collapse to the 50-day simple moving average .The U.S. Dollar Index bounced off the 50-day SMA on June 20 and rose above the 105.74 overhead resistance on June 21.However, the bulls are finding it difficult to sustain the breakout. The bears have pulled the price back below 105.74 on June 24.
The first sign of strength will be a break and close above the moving averages. If that happens, the pair could attempt a rally to $70,000 and subsequently to $72,000.The downsloping 20-day EMA and the RSI near 35 suggest that the bears are in command. The sellers will attempt to sink the price to the psychological support at $3,000 and then to $2,850.
If the price turns down from the 20-day EMA, the bears will make another attempt to yank the price below $116. If they succeed, the pair could slump to $100. On the upside, buyers will have to drive the price above the 50-day SMA to clear the path for a rally to $189.The downsloping 20-day EMA and the RSI in the negative territory suggest that the bears have the upper hand. If the $0.46 support cracks, the XRP/USDT pair could plunge to the next significant support at $0.41.
If the price bounces off the 50-day SMA, it will signal that the bulls continue to buy on dips. That could keep the TON/USDT pair stuck between the 50-day SMA and $7.67 for some time. A break and close above $7.67 will open the gates for a retest of $8.29.If the price sustains below $0.12, it will indicate that the bears have overpowered the bulls. That could start a slide to psychological support at $0.10.
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