Kraken Observes Bitcoin’s Sideways Movement as Bulls Eye Potential Breakout

Bitcoin's price has been consolidating above $106,500 after testing $108,150, with traders closely monitoring for a potential breakout. The cryptocurrency remains supported by its 100-hour moving average, though a broken trend line at $107,300 suggests short-term caution. Market momentum now depends on whether BTC can maintain its position above $105,500, which marks the 23.6% Fibonacci retracement level of its recent rally from $98,272. Resistance levels are looming, and the next move could determine whether the bulls step in to drive prices higher or if further consolidation is ahead. As of June 27, 2025, the market remains in a watchful state, with key technical indicators guiding trader sentiment.

Bitcoin Price Sideways Action Builds — Will Bulls Step In After a Minor Dip?

Bitcoin's price action shows consolidation above $106,500 after testing $108,150, with traders watching for a potential breakout. The cryptocurrency remains buoyed by its 100-hour moving average, though a broken trend line at $107,300 signals short-term caution.

Market momentum hinges on whether BTC can hold above $105,500—the 23.6% Fibonacci retracement level of its recent rally from $98,272. Resistance looms NEAR $107,800, with a decisive close above $108,150 potentially reigniting bullish momentum.

Ethereum Price Faces Near-Term Correction Risk After Brief Rally

Ethereum's recent upward momentum shows signs of fatigue as the asset struggles to maintain levels above $2,500. The second-largest cryptocurrency by market cap briefly cleared the $2,520 resistance before encountering selling pressure, with technical indicators suggesting potential retracement to $2,320 support.

The breakdown of a bullish trend line at $2,450 on hourly charts signals weakening momentum. Market participants now watch the 100-hour moving average near $2,400 as critical support. A sustained hold above this level could pave the way for another test of resistance at $2,500, while failure may accelerate declines toward the $2,320 zone.

Trading activity on Kraken shows ETH rebounding from the 23.6% Fibonacci retracement level of its recent rally from $2,114 to $2,520. The 76.4% Fib level of the previous downtrend from $2,569 now serves as potential resistance if buyers regain control.

XRP Price Under Pressure — Can It Maintain The Bullish Structure?

XRP faces a critical test as its price retreats from the $2.22 peak, now hovering below key moving averages. The cryptocurrency's failure to hold above $2.20 triggered a breakdown of its bullish trendline, with Kraken data showing increased selling pressure near the $2.15 resistance level.

Technical indicators suggest potential support at $2.02, representing the 23.6% Fibonacci retracement of its recent rally from $1.91 lows. Market watchers note similar corrective patterns in Bitcoin and Ethereum, though XRP's relative weakness stands out. A decisive close above $2.22 could reignite bullish momentum toward $2.32, while sustained pressure may validate a deeper correction.

Cardano (ADA) Faces Bearish Pressure Amid Market Consolidation

Cardano's native token ADA has extended its decline, slipping below key support levels as bearish momentum builds. The digital asset now trades below $0.570, breaching both the 23.6% Fibonacci retracement level and the 100-hour moving average—a technical double blow that suggests weakening investor confidence.

A descending trendline near $0.570 on ADA/USD charts (Kraken data) presents immediate resistance, with failure to hold $0.550 potentially triggering another leg down. The token's underperformance contrasts with bitcoin and Ethereum's relative stability, highlighting selective risk-off behavior among crypto traders.

Should bulls regain control, consecutive closes above $0.592 could invalidate the bearish thesis and propel ADA toward $0.620. Market participants await either confirmation of breakdown or signs of accumulation at these depressed levels.

Cardano Bears Push Token Below Critical Support Levels

Cardano's ADA token has breached key support levels, dropping below $0.580 amid intensifying selling pressure. The decline contrasts with relative stability in Bitcoin and Ethereum, highlighting ADA's underperformance in the current market cycle.

Technical indicators paint a bearish picture, with the MACD gaining strength in negative territory and the RSI falling below 50. The token now trades below both the 100-hourly moving average and a critical bearish trend line at $0.570, as identified on Kraken's ADA/USD charts.

Market analysts note the breach of Fibonacci retracement levels from the recent swing low of $0.5102 to the high of $0.5938. Resistance at $0.5850 and $0.5920 now forms crucial barriers for any potential recovery, while failure to hold current levels could see ADA test the $0.50 support zone.