Source: CryptoNewsNet
Original Title: Traders sell Ether, Solana, XRP rallies; Monero tops $640
Original Link: https://cryptonews.net/news/analytics/32266994/
Crypto markets showed mixed signals on Tuesday as a short-lived rebound ran into fresh selling pressure, reinforcing a broader shift toward a sell-the-rally regime that analysts say could define the coming months.
Bitcoin briefly jumped toward $92,500 before reversing sharply, slipping back near $90,300 as sellers stepped in around technical resistance. At press time, bitcoin was testing its 50-day moving average, a level traders are watching closely.
“A slip below $90,000 could have a strong psychological effect,” said Alex Kuptsikevich, chief market analyst at FxPro. “That could quickly open a move toward $87,000 and potentially much lower levels if confidence breaks.”
Ether tracked a similar pattern, failing to build momentum and slipping back toward $3,120. XRP extended its decline for a seventh straight session, falling toward the $2.00 level and its own 50-day moving average. While XRP remains up about 10% year-to-date, Kuptsikevich said early-January momentum has clearly faded as traders increasingly sell into strength rather than chase upside.
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Traders Sell Ether and XRP as Crypto Markets Shift to Sell-the-Rally Regime
Source: CryptoNewsNet Original Title: Traders sell Ether, Solana, XRP rallies; Monero tops $640 Original Link: https://cryptonews.net/news/analytics/32266994/ Crypto markets showed mixed signals on Tuesday as a short-lived rebound ran into fresh selling pressure, reinforcing a broader shift toward a sell-the-rally regime that analysts say could define the coming months.
Bitcoin briefly jumped toward $92,500 before reversing sharply, slipping back near $90,300 as sellers stepped in around technical resistance. At press time, bitcoin was testing its 50-day moving average, a level traders are watching closely.
“A slip below $90,000 could have a strong psychological effect,” said Alex Kuptsikevich, chief market analyst at FxPro. “That could quickly open a move toward $87,000 and potentially much lower levels if confidence breaks.”
Ether tracked a similar pattern, failing to build momentum and slipping back toward $3,120. XRP extended its decline for a seventh straight session, falling toward the $2.00 level and its own 50-day moving average. While XRP remains up about 10% year-to-date, Kuptsikevich said early-January momentum has clearly faded as traders increasingly sell into strength rather than chase upside.