Bitcoin (BTC), XRP, and Ethereum (ETH) are showing signs of weakness as their Relative Strength Index (RSI) indicates fading momentum, with XRP facing a potential drop below $2.
The crypto market has lost value, decreasing the total market valuation to $3.24 trillion, while the Altcoin Index has dropped to 25/100, dampening hopes of an altseason.
Bitcoin (BTC) is struggling near the $105k resistance level, with the RSI showing a rejection at the overbought territory, and the Moving Average Convergence Divergence (MACD) indicating a bearish trend potential.
Ethereum (ETH) has declined by 4% in the last 24 hours and 5% in the last seven days, trading at $2,400, with RSI signaling fading momentum and a potential drop below $2000 if the bearish run continues.