{"id":39763,"date":"2025-07-31T13:31:58","date_gmt":"2025-07-31T13:31:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39763"},"modified":"2025-07-31T13:31:58","modified_gmt":"2025-07-31T13:31:58","slug":"btc-faces-golden-fibonacci-hurdle-at-122k-xrp-holds-support-at-3","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39763","title":{"rendered":"BTC Faces Golden Fibonacci Hurdle at $122K, XRP Holds Support at $3"},"content":{"rendered":"
\n

This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole.<\/em><\/strong><\/p>\n

Bitcoin: Golden Ratio Eyed<\/h2>\n

As bitcoin (BTC) continues to trade flat in the $116,000-$120,000 range, the monthly chart shows $122,056 as key resistance that needs to be breached to confirm continuation of the bull run.<\/p>\n

That level represents the 1.618% Fibonacci extension, originating from the December 2018 lows, the December 2022 lows, and the 2021 high.
The 1.618% extension is highly important because it’s derived from the “Golden Ratio,” a revered mathematical constant in finance. The level is widely found in nature and art, which is why many believe it also influences human psychology and market movements.<\/p>\n

After a market breaks above its previous record high in a strong uptrend, as BTC did in November by moving above $70,000, the 1.618% extension is seen as a powerful target area where bulls tend to take profits and bears initiate new positions.<\/p>\n

\"BTC.<\/p>\n

It is, therefore, no coincidence that momentum appears to have stalled right around $122,056. A firm move above this level would be an indication that buying pressure remains strong enough to absorb profit-taking and bearish resurgence at key levels, shifting the focus to the 2.618% extension at $187,929.<\/p>\n

Conversely, continued uptrend exhaustion around the 1.618% level could embolden bears, potentially leading to a top in the bull market.<\/p>\n

    \n
  • Resistance: <\/strong>$120,000, $122,056, $123,181<\/li>\n
  • Support: <\/strong>$116,000, $114,700, $111,965. <\/li>\n<\/ul>\n

    XRP: Focus on 38.2% Fib retracement<\/h2>\n

    Since last Thursday, the pullback in the payments-focused cryptocurrency XRP (XRP) has stalled, with bears repeatedly failing to establish a foothold below $2.995, the 38.2% Fibonacci retracement of the June-July rally. The price action, when viewed on the hourly chart, suggests a double bottom formation at $2.995, with the neckline resistance at $3.33 (the July 28 high).<\/p>\n

    \"XRP.<\/p>\n

    A move above $3.33 would confirm the breakout and open the door to a retest of the recent high of $3.65. That said, as of the time of writing, the negative daily chart MACD and downward-sloping hourly chart averages suggest otherwise. Traders, therefore, need to keep an eye out for a move below $2.995, which will likely yield a deeper decline.<\/p>\n

      \n
    • Resistance: <\/strong>$3,33, $3.65, $4.00<\/li>\n
    • Support: <\/strong>$2.995, $2.65, $2.58<\/li>\n<\/ul>\n

      Ether: MACD flips bearish<\/h2>\n

      Ether is trading indecisively in a wedge-like pattern marked by converging trendlines. However, prospects of a notable pullback are improving, as the daily chart MACD histogram, a trend-following indicator, has flipped negative. The 50-, 100-, and 200-hour SMAs are now flat-lined, indicating a loss of upward momentum. A move below the July 25 low of $3,510 would imply a short-term trend reversal, shifting the focus to $3,000. On the higher side, a FOMO rally may unfold once the $4,000-$4,100 range \u2013 the strong resistance zone from 2024 – is crossed. <\/p>\n

      \"ETH.<\/p>\n

        \n
      • Resistance: <\/strong>$3,941 (the July 28 high), $4,000, $4100. <\/li>\n
      • Support: <\/strong>$3,510, $3,000, $2,879.<\/li>\n<\/ul>\n

        Solana: Rising channel at risk<\/h2>\n

        SOL’s price is at risk of diving out of the bullish trendline drawn from higher lows established since June 22. Such a move would confirm a bearish shift in trend, potentially leading to a test of the 50-, 100-, and 200-day SMAs, which are coiled at around $160-$162. The lower high of $195 established on July 28 is the level to beat for the bulls.<\/p>\n

        \"SOL.<\/p>\n

          \n
        • Resistance: <\/strong>$195, $206, 218. <\/li>\n
        • Support: <\/strong>$160-$162, $156 (the 61.8% Fib retracement of June-July rally), $126. <\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

          This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin: Golden Ratio Eyed As bitcoin (BTC) continues to trade flat in the $116,000-$120,000 range, the monthly chart shows $122,056 as key resistance that needs to be breached to confirm continuation of the bull run. […]<\/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-39763","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\/39763","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=39763"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39763\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}