Bearish momentum divergence on RSI oscillator and potential for the downside rotation.
Author
Petar Jaćimović
FXCentrum
Petar Jaćimović was born on 8 July 1989 in Jagodina, Serbia.
Dogecoin price edges lower for the third straight day, inching closer toward the $0.0700 support level. Derivatives data signal easing retail demand for DOGE as the broader market risk-off sentiment remains elevated. The meme coin risks further decline below $0.0700 as momentum indicators continue to show sell-side dominance.
Bitcoin, Ethereum, and Ripple remain under pressure at the start of the week on Monday, after BTC and ETH recovered slightly, while XRP corrected by over 6% in the previous week. BTC has struggled to break above the $64,000 resistance level, while ETH is attempting to hold above the key support at $1,800, a level that could determine the next directional move.
Bitcoin trades below $63,000, edging lower as price remains capped below its 50-day EMA at $65,212. Market sentiment remains on edge as geopolitical tensions between the US and Iran stay elevated over the Strait of Hormuz. Zcash and Worldcoin sustain gains over the last 24 hours, emerging as top performers.
![BTC/USD – Potential for the downside correction [Video]](https://editorial.fxsstatic.com/images/i/BTC-neutral-object.png)