Kraken Market Analysis: Bitcoin Tests Critical Support Levels Amid Bearish Pressure

Bitcoin's recent price action on Kraken exchange shows the cryptocurrency facing significant downward pressure, with BTC/USD slipping below the $115,000 threshold and threatening to test the $110,500 support level. As of current trading sessions, Bitcoin trades under $114,500, positioning it well below the 100-hour Simple Moving Average, indicating building bearish momentum across cryptocurrency markets. Technical analysis of Kraken's hourly chart data reveals a descending trendline forming resistance around $114,000, creating a critical juncture for market direction. For bullish reversal, market participants must see Bitcoin reclaim and sustain above the $115,000 level, which coincides with key technical resistance. The current market conditions suggest increased volatility as traders monitor these crucial support and resistance levels. Market sentiment appears cautious as the descending trendline continues to cap upward movements, while the $110,500 support level represents a significant test for Bitcoin's near-term price stability. Professional traders are closely watching Kraken's order book depth and trading volume patterns around these key levels to gauge potential breakout or breakdown scenarios. The convergence of technical indicators and price action around these levels makes the current market environment particularly significant for determining short to medium-term cryptocurrency trends.

Bitcoin Price Dips Again – Could This Spark Panic Selling Across Crypto Market?

Bitcoin extended its decline, slipping below the $115,000 threshold and threatening to test the $110,500 support level. The cryptocurrency now trades under $114,500, well below the 100-hour Simple Moving Average, as bearish momentum builds.

A descending trendline at $114,000 on the BTC/USD hourly chart (Kraken data) reinforces resistance. Bulls must reclaim $115,000 to reverse the downtrend—a level coinciding with the 50% Fibonacci retracement of the recent $117,920-to-$112,050 drop.

The failure to hold $116,500 triggered accelerated selling, with the $112,050 low marking the current consolidation zone. Market participants await either a breakout above $115,000 resistance or further downside toward $110,500.

Ethereum Price Drops Hard – $4,000 Now Crucial Line Between Bulls and Bears

Ethereum's price has taken a sharp downturn, slipping below the critical $4,250 support level and now hovering NEAR the $4,000 threshold. The failure to sustain gains above $4,550 has triggered a bearish trend, with ETH trading below both the $4,280 mark and the 100-hourly Simple Moving Average.

A key resistance level looms at $4,360, marked by a bearish trend line on the hourly chart. Should ethereum manage to reclaim $4,250 and break past $4,320—the 50% Fibonacci retracement level of its recent drop—it could signal a potential recovery. However, the current consolidation near $4,000 leaves the market in a precarious position, with further declines possible if support falters.

XRP Price Rebound Faces Resistance as Bearish Trends Emerge

XRP's recovery attempt hit a wall at $2.920, with technical indicators signaling potential further downside. The cryptocurrency now trades below both the psychological $2.90 level and its 100-hour moving average, painting a concerning picture for bulls.

A descending trendline on the hourly chart reinforces resistance near $2.920, coinciding with the 50% Fibonacci retracement of the recent drop from $3.138. Market participants watch the $2.80 support closely—a breach could accelerate losses toward the recent $2.678 low.

The failed breakout above $3.120 mirrors broader market weakness seen in Bitcoin and Ethereum. While short-term bounces remain possible, the technical structure suggests limited upside potential without a decisive break above the $2.920 resistance zone.

Dogecoin (DOGE) Extends Losses – Is This the Final Shakeout Before Big Rally?

Dogecoin's price continues to slide, breaching key support levels as market sentiment sours. The meme cryptocurrency now trades below $0.2550, with technical indicators suggesting further downside potential unless bulls can defend the $0.2250 zone.

A bearish trend line has formed at $0.250 on the DOGE/USD hourly chart, with Kraken data showing consistent selling pressure. The current consolidation follows a 20% drop from recent highs, testing the resilience of retail investors who have championed the asset since its 2021 rally.

Market observers note the parallel declines in Bitcoin and Ethereum, suggesting broader crypto market weakness. For DOGE to reverse course, it must first conquer resistance at $0.2440, then overcome the psychological barrier at $0.260 - a level representing the 50% Fibonacci retracement of its recent fall.

Worldcoin Team Moves $144M in Tokens Amid Price Decline, Whales Continue Accumulation

Worldcoin (WLD) has seen significant token movements by its development team, with 110 million WLD tokens worth $144 million transferred from the Ethereum Mainnet. Of these, 85 million tokens ($111 million) were bridged to Worldcoin Chain, while 25 million ($32.75 million) were sent to Kraken for potential liquidity provision. Despite not being sold yet, the Kraken transfer could exert downward pressure on WLD's price if offloaded.

The altcoin has been trapped in a descending channel since peaking at $2.2 two weeks ago, currently trading at $1.33—an 11.32% weekly decline. This slump coincides with the team's large-scale token transfer, traditionally a bearish signal.

Contrary to expectations, blockchain data reveals sustained accumulation by large holders. Top WLD investors have increased their positions for six consecutive days, adding 4.91 million tokens. Exchange outflows totaling $4.78 million further confirm this accumulation trend during the price dip.

XRP Price Struggles to Hold Support as Bearish Pressure Mounts

XRP faces increasing downside risks after failing to sustain momentum above key psychological levels. The digital asset breached the $2.90 support zone, triggering a fresh wave of selling pressure that pushed prices toward $2.78. Market structure appears fragile as the token trades below both the 100-hour moving average and a descending trendline resistance at $2.90.

Technical indicators suggest limited buying interest near current levels. The 23.6% Fibonacci retracement of the recent decline from $3.138 offered temporary relief, but bulls lack conviction to challenge the 50% retracement level. Liquidity appears concentrated below the $2.68 swing low, creating potential for further downside if bearish momentum accelerates.

Market sentiment mirrors broader crypto weakness, with XRP moving in tandem with bitcoin and Ethereum's recent corrections. The formation of lower highs and lower highs on hourly charts confirms the prevailing bearish bias among traders.