Bitcoin (BTC) rebounded to $83,500 on Monday after a sharp correction below $81,000 last week. The Crypto King's recovery has kept it well above key moving averages, signaling a constructive bullish bias. However, the Moving Average Convergence Divergence (MACD) indicator remains below the zero line, suggesting the latest rally is correcting prior weakness rather than indicating a strong momentum breakout.
Ethereum (ETH) also recovered, reclaiming the $2,500 mark and holding above its 50-day, 100-day, and 200-day exponential moving averages (EMAs). Despite this, momentum has cooled, with the Relative Strength Index (RSI) easing toward a neutral 45 and the MACD remaining negative, hinting at waning bullish pressure.
Ripple (XRP) maintained a mildly bullish bias, holding above the 50-day EMA at $1.399. However, the RSI slipping to 44 and the MACD extending into negative territory suggest that upside traction is losing steam, even as the broader structure remains supported.