Crypto Market Stalls Amid Geopolitical Tensions and Macro Events
The crypto market is experiencing a slowdown in momentum, with prices trading between $62,000 and $66,000. This mixed sentiment is driven by geopolitical developments and global macroeconomic events, limiting fresh participation. On the daily chart, the RSI is hovering around 50, indicating modest buying momentum.
Bitcoin's price action is closely watched, as it has been struggling to break above the key resistance level of $67,800. Meanwhile, Ethereum continues to show buying interest on dips, with its RSI holding above 54 and the Stochastic Oscillator recovering from the oversold zone.
Solana, however, remained range-bound throughout the week and witnessed a modest price correction. Despite increased activity in the meme coin ecosystem, SOL failed to gain upward momentum, with its RSI at 43 and the Stochastic Oscillator remaining in the oversold zone.