Kraken Sees Bitcoin Consolidating Near All-Time High With Bullish Momentum Intact
Bitcoin continues to demonstrate strong bullish momentum as it consolidates near its all-time high on Kraken’s exchange. The cryptocurrency recently set a new record above $111,500 before entering a phase of technical absorption. With consistent higher lows since the $105,000 support level, market structure remains firmly bullish. A decisive breakout above $112,000 could propel Bitcoin toward the next target of $113,200, according to technical analysis of the hourly chart.
Bitcoin Consolidates Near All-Time High With Bullish Momentum Intact
Bitcoin continues to demonstrate strength as it consolidates NEAR record levels. The cryptocurrency established a new all-time high above $111,500 on Kraken’s exchange before entering a phase of technical absorption. Market structure remains bullish with consistent higher lows since the $105,000 support level.
A decisive breakout above $112,000 could trigger the next leg upward toward $113,200. The hourly chart reveals a constructive trend line forming at $110,000, while the price maintains position above both this level and the 100-period moving average. Such technical foundations suggest institutional accumulation rather than speculative froth.
Ethereum Price Rally Alert: ETH Starts Its Climb Toward $3K Milestone
Ethereum’s price has found strong support at the $2,500 level, igniting a fresh upward trajectory. The cryptocurrency now eyes a decisive breakout above the $2,750 resistance zone, with technical indicators suggesting growing bullish momentum.
A connecting bullish trend line has formed on the hourly ETH/USD chart, anchored at $2,550 support. The asset currently trades above both the $2,540 level and its 100-hour moving average, demonstrating sustained buying pressure following Bitcoin’s recent all-time high achievement.
Market observers note ETH’s consecutive breaches through $2,550, $2,620, and $2,650 resistance levels, culminating in a spike to $2,720. This price action establishes $2,500 as a new foundation for potential upside toward the psychologically significant $3,000 threshold.
XRP Price Rising: Bulls Eye $2.50 With Bullish Tailwinds In Play
XRP price has entered a consolidation phase above the $2.40 level, signaling potential for further gains. The cryptocurrency now trades above $2.420, supported by the 100-hourly Simple Moving Average, with a recent breakout from a rising channel resistance at $2.450 on the hourly XRP/USD chart.
Market momentum suggests an upward trajectory if XRP clears the $2.480 resistance level. The asset’s stability above $0.2320 and subsequent rally past $0.2350 and $0.2365 demonstrate growing bullish sentiment, mirroring broader market trends led by Bitcoin and Ethereum.
Dogecoin (DOGE) Heats Up: Upside Move Hints at Major Breakout Ahead
Dogecoin has ignited a fresh rally, surging past the $0.2420 resistance level against the US Dollar. The meme cryptocurrency, often buoyed by retail enthusiasm, is now consolidating its gains as traders eye the next potential breakout.
A bullish trend line is forming on the hourly DOGE/USD chart, with solid support established at $0.2460. Market data from Kraken shows the price trading comfortably above both this level and the 100-hourly moving average—a technical configuration that typically precedes further upside.
The momentum mirrors broader market trends, with Bitcoin and ethereum also showing strength. A decisive close above $0.2550 could trigger another leg up, potentially testing year-to-date highs.
Kraken to Tokenize Major US Stocks Including Apple and Tesla on Solana
Kraken, the second-largest crypto exchange in the US by trading volume, is expanding its offerings with xStocks—a suite of tokenized traditional finance assets. The new product, developed in partnership with BackedFi, will provide exposure to blue-chip stocks like Apple, Tesla, and Nvidia alongside major ETFs, all accessible via Solana’s blockchain.
Despite its US-centric operations, Kraken confirmed these tokenized assets will initially bypass American markets, targeting international users instead. The move signals a strategic push to bridge TradFi and crypto infrastructure, offering 24/7 trading with crypto-native efficiency.
