From Investing.com

August 5, 2024 01:30 AM:

Bitcoin struggles to maintain $60,000 support, indicating potential end to bull run. Volume spike suggests increased selling pressure as investors liquidate holdings. Next key support at $58,000, with possible drop to $55,000 if breached. Market outlook gloomy as doubts surround continuation of bullish cycle.

XRP hits critical 200-day EMA support, signaling possible upward reversal. Resistance near $0.65 remains strong, despite support level. Lower trading activity and momentum, cautious market sentiment. Potential for brief uptick if buying pressure increases at 200-day EMA, watch for golden cross as bullish signal.

Solana faces substantial decline, erasing recent gains. Price action brutal as SOL returns to crucial support levels from months ago. Technical indicators show momentum loss, testing 200-day EMA support. Growing selling pressure from institutional investors, volume spike indicates further losses if support broken.

Read more at Investing.com: Bitcoin (BTC) on Verge of Catastrophe, XRP Reaches Fundamental Support Level, Solana (SOL) Gain Nullified Completely By U.Today