Bitcoin is showing early signs of momentum returning in favor of buyers. $XRP is moving in an extremely dull sideways trend, while Solana is heading higher for the first time in months. Unfortunately, the overall market structure leaves much to be desired.
Bitcoin sees a structural change
The recent rise above $70,000 has changed the short-term structure of the market after weeks of pressure and a prolonged correction. This move is one of the clearest indications of the return of bullish activity in recent weeks, although the overall trend has not yet completely reversed.
Since late January, the market has been clearly in a downtrend, with Bitcoin hitting a number of lower highs and continually falling below a number of important moving averages. The asset moved closer to the mid-$60,000 range in February as selling pressure increased, forcing traders to adopt a defensive posture. Market sentiment remained cautious as the price repeatedly failed to sustain its recovery attempts.
Why $70,000 was important
However, the recent rebound has changed the situation somewhat. The $70,000 resistance level, which previously served as a temporary ceiling during the consolidation phase, has been successfully hacked by Bitcoin. After a significant correction at the start of the quarter, this development implies that buyers are starting to regain control.
In technical terms, an increasing support structure also occurs at the same time as the breakout. Bitcoin has printed higher lows, creating an ascending support line that shows demand gradually increasing below price. Buyers were lured by each dip toward the mid-$60,000 range, preventing the market from returning to earlier deeper lows.
Another positive factor is the improvement in market dynamics indicators. Relative strength has started to rebound from oversold territory, which frequently happens when selling pressure begins to ease. The most recent rebound was also marked by an increase in volume activity, indicating that significant participation rather than low liquidity supported the move.
However, the market still faces challenges. Many important moving averages remain above the price, especially in the $73,000-$80,000 range, where Bitcoin previously faced significant resistance. A stronger reversal trend would be confirmed by a sustained move in this area.
Solana wakes up again
Solana has started a slight but noticeable upward trend after several months of falling prices. Although this change is slight compared to the strong rebounds that occurred earlier in the cycle, it still indicates a significant increase in short-term momentum.
Solana started to form higher lows on the daily chart, resulting in a rising support structure that is currently holding the price above the $80 mark. Buyers are gradually returning to the market, as evidenced by this constant upward slope. The asset is capable of creating a small ascending channel as each pullback is absorbed at a slightly higher rate than the one before it.
It’s not an explosive move. Rather, Solana is rising slowly and steadily, which is the type of price behavior that frequently appears in the early stabilization phases after a significant correction.
What fueled the demand?
The asset is working to rebuild its structure around the mid-$80 range, where demand has started to emerge since the sharp decline at the start of the quarter. The path to the $95 level, which is clearly the next important technical objective, was made possible by this emerging mini-trend.
The 50-day exponential moving average, currently centered on this region, gives this level its importance. Reaching this level would be the first significant test of Solana’s attempted recovery, as moving averages often function as dynamic resistance during downtrends.
A move towards $95 would show that the market can once again maintain bullish momentum, but it would not necessarily indicate a complete trend reversal. Crossing the 50 EMA mark could then open the door to a broader recovery phase, especially if general market sentiment improves alongside Bitcoin and the rest of the crypto sector.
A gradual return of interest is also suggested by the behavior of volumes during the recent rebound. During bullish moves, trading activity has increased, suggesting that the current rise is due to genuine participation rather than low liquidity.
$XRP under control
Although $XRP is currently trading in the range of $1.30 to $1.35, the overall technical situation of the asset remains unfavorable to the market.
$XRP is still struggling to regain its bullish momentum after several months of falling prices. With little indication of stabilization, the structure of the chart indicates that sellers are still in complete control of the market.
One of the most obvious problems is the persistent downtrend structure. Since the end of 2025, $XRP has recorded lower highs and lower lows, which is the most obvious sign of a bear market. Each turnaround attempt was short-lived, quickly running into opposition and sending the asset tumbling. Even the most recent consolidation above the ascending support line appears fragile rather than solid.
Another worrying factor is the positions of the major moving averages. The price remains well above the 50, 100 and 200 day trend indicators. The general bearish momentum is reinforced by the downward slope of these moving averages.
The price of $XRP It would first be necessary to overcome a number of layers of resistance between approximately $1.40 and $1.80 in order to achieve a significant recovery. The asset is still technically trapped under extreme pressure until this happens.
The technical picture is also reflected in market sentiment. Even though the overall trend remains negative, traders appear reluctant to engage in aggressive long positions. Because of this, $XRP It is currently trapped in a small consolidation range that is only slightly above recent local lows.
