{"id":39319,"date":"2025-07-29T12:03:19","date_gmt":"2025-07-29T12:03:19","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39319"},"modified":"2025-07-29T12:03:19","modified_gmt":"2025-07-29T12:03:19","slug":"bitcoins-bollinger-bands-tightest-since-february-xrp-sol-establish-lower-highs","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39319","title":{"rendered":"Bitcoin&#8217;s Bollinger Bands Tightest Since February; XRP, SOL Establish Lower Highs"},"content":{"rendered":"<div>\n<p><strong><em>This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole.<\/em><\/strong><\/p>\n<h2>Bitcoin: Bollinger bands tighten<\/h2>\n<p>BTC&#8217;s continued consolidation between $116,000 and $120,000 calls for renewed focus on Bollinger bands, which have now tightened to levels last seen before the late February volatility explosion that saw prices drop from $95,000 to $80,000 within days.<\/p>\n<p>Tighter bands indicate that the market is coiling up and building energy for a big move in either direction. Bollinger bands are volatility bands placed two standard deviations above and below the asset&#8217;s 20-day simple moving average.<\/p>\n<p>This view is consistent with the <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/28\/bitcoin-volatility-alert-vix-s-bullish-august-seasonality-points-to-big-price-swings\">VIX&#8217;s bullish August seasonality<\/a> that suggests heightened price turbulence for stocks and bitcoin over the coming four weeks.<\/p>\n<p>A break below $116,000 would imply downside volatility explosion, exposing the former resistance-turned-support at $111,965. Conversely, a quick move to new lifetime highs appears likely if tighter Bollinger bands resolve bullishly.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/1c01db9d93489b3e946782b3ad227708a557e106-2098x1292.png?auto=format\" alt=\"BTC. (TradingView)\" title=\"BTC. (TradingView)\"><\/p>\n<ul>\n<li><strong>AI&#8217;s take: <\/strong>The<strong> <\/strong>significant contraction of volatility, especially after a strong uptrend, often signals that the price is <strong>coiling up for a large and potentially explosive move<\/strong> in the near future.<\/li>\n<li><strong>Resistance: <\/strong>$120,000, $123,181. <\/li>\n<li><strong>Support: <\/strong>$116,000-$117,000, $114,700, $111,965.<\/li>\n<\/ul>\n<h2>XRP: Lower high established<\/h2>\n<p>XRP fell 3.59% on Monday, creating a red candle with a prominent upper wick, suggesting seller dominance. The cryptocurrency printed a lower high at $3.33, the first since peaking at $3.65 with a <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/07\/28\/btc-seeing-severe-exhaustion-of-bullish-momentum\">bearish tweezer top pattern<\/a>, indicating a potential deeper pullback ahead. This suggests that it&#8217;s only a matter of time before the mini-ascending channel seen on the hourly chart gives way, exposing the recent low of $2.95 and possibly the May high of $2.65. The hurdle at $3.35 must be overcome to negate the bearish bias.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/366a4cdbd50031bef27665f50d40c8791bb4dcf3-2860x1292.png?auto=format\" alt=\"XRP's hourly and daily charts. (TradingView)\" title=\"XRP's hourly and daily charts. (TradingView)\"><\/p>\n<ul>\n<li><strong>AI&#8217;s take: <\/strong>Traders should primarily focus on <strong>whether XRP can decisively reclaim and hold above the crucial $3.35 level,<\/strong> which now acts as immediate resistance. A failure to do so would reinforce the daily chart&#8217;s bearish reversal signals (tweezer top, lower high), suggesting further downside,<\/li>\n<li><strong>Resistance: <\/strong>$3.35, $3.65, $4.00.<\/li>\n<li><strong>Support: <\/strong>$2.95, $2.65, $2.44 (the 200-day SMA).<\/li>\n<\/ul>\n<h2>Ether: RSI diverging bearishly<\/h2>\n<p>Ether&#8217;s 14-day relative strength index (RSI) has diverged bearishly from the price, with the MACD histogram nearing a negative crossover confirmation. These developments suggest a potential pullback to the higher low of $3,510 registered on July 24. A violation there could extend the pullback toward $3,000.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/9ea5b7c68e4b2e323b00a1c9d301b574610b0ea4-2854x1292.png?auto=format\" alt=\"ETH. (TradingView)\" title=\"ETH. (TradingView)\"><\/p>\n<ul>\n<li><strong>AI&#8217;s take: <\/strong>Traders should primarily focus on the <strong>bearish divergence displayed by the RSI<\/strong>, which signals weakening momentum despite Ether&#8217;s recent price high.<\/li>\n<li><strong>Resistance: <\/strong>$4,000, $4100, $4,382.<\/li>\n<li><strong>Support: <\/strong>$3,731 (daily low), $3,510, $3,000. <\/li>\n<\/ul>\n<h2>Solana: XRP-like structure<\/h2>\n<p>SOL established a lower high at $195, reinforcing the bearish tweezer top pattern at $205-$206. Additionally, the cryptocurrency has dived out of a mini-ascending channel and the Ichimoku cloud on the hourly chart, suggesting the path of least resistance is to the downside. The resistance at $195 needs to be topped to invalidate the bearish bias.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/ee9514da20fa5bfc81c9a3d73dfdabd380cdbc0c-2854x1292.png?auto=format\" alt=\"SOL. (TradingView)\" title=\"SOL. (TradingView)\"><\/p>\n<ul>\n<li><strong>AI&#8217;s take: &#8220;Tweezer Top&#8221; candlestick pattern<\/strong> at the peak of the rally, immediately followed by the formation of a <strong>&#8220;lower high&#8221;<\/strong> is a powerful bearish reversal pattern, indicating that the strong upward momentum from July has likely ended<\/li>\n<li><strong>Resistance: <\/strong>$195<strong>, <\/strong>$205-$206, $218.<\/li>\n<li><strong>Support: <\/strong>$184, $163, $126.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Bollinger bands tighten BTC&#8217;s continued consolidation between $116,000 and $120,000 calls for renewed focus on Bollinger bands, which have now tightened to levels last seen before the late February volatility explosion that saw prices [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-39319","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39319"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39319\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}