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Even though some coins are in the green zone today, the prices of most cryptocurrencies are falling, according to CoinMarketCap.CoinMarketCap">

The rate of Cardano has dropped by 1.10% since yesterday. Over the last week, the price has fallen by 5.46%.TradingView">

On the hourly chart, the price of ADA is rising after a false breakout of the local support of $0.6211.

If the growth continues to the resistance, one can expect a test of the $0.64 area next week.TradingView">

On the bigger time frame, the picture remains bearish as the rate is near the support level. If a breakout of $0.6104 happens, the accumulated energy might be enough for a move to the $0.58-$0.60 range.TradingView">

From the midterm point of view, there are no reversal signals yet. If a breakout of the interim level of $0.60 happens, traders may witness an ongoing decline to the $0.55 area.

ADA is trading at $0.6295 at press time.

Bulls are back in the game in the second half of the day, according to CoinStats.CoinStats">

The rate of Bitcoin has increased by 0.55% over the last 24 hours.TradingView">

On the hourly chart, the price of BTC is in the middle of the local channel, between the support of $104,923 and the resistance of $106,130.

As the rate is far from the key levels, any sharp moves are unlikely to happen by tomorrow.TradingView">

On the bigger time frame, the situation is similar. The rate of the main crypto is within yesterday's candle, which means ongoing sideways trading remains the more likely scenario within the next few days.TradingView">

On the weekly chart, traders are also unlikely to witness increased volatility shortly. Such a statement is also confirmed by the falling volume. All in all, one can expect consolidation in the range of $103,000-$110,000 until the end of the month.

Bitcoin is trading at $105,462 at press time.

The majority of the coins have returned to the red zone on the last day of the week, according to CoinStats.CoinStats">

The price of DOGE has declined by 1.63% over the last day.TradingView">

On the hourly chart, the rate of DOGE is rising after a bounce back from the local support level. If buyers can hold the gained initiative, one can expect a test of the upper level by tomorrow.TradingView">

On the bigger time frame, the price of the meme coin is far from the key levels. The volume remains low, which means neither buyers nor sellers are powerful enough to seize the initiative.

In this case, sideways trading in the area of $0.1750-$0.18 is the more likely scenario.TradingView">

From the midterm point of view, the situation remains bearish. If a breakout of the support level happens, there is a chance to witness a test of the $0.16 mark soon.

DOGE is trading at $0.1760 at press time.

Bitcoin is still trying to regain short-term bullish momentum, as shown by its price action in the past 24 hours. After briefly slipping below $104,500, the cryptocurrency bounced back to trade above $106,000, and technical analysis now shows a technical formation that could cause the start of a more extended rally.

Interestingly, as seen in the daily Ichimoku chart shared by analyst Titan of Crypto, Bitcoin is currently on the verge of confirming a golden cross, which is a bullish signal, within the coming days.

Ichimoku Cloud Builds Case For Bullish Breakout

Taking to the social media platform X, crypto analyst Titan of Crypto highlighted the recent daily price close above the Tenkan line as a strong technical signal for Bitcoin. The Tenkan, also known as the conversion line, is an intriguing indicator for short-term trend strength in Ichimoku analysis. According to the analyst, the current setup on Bitcoin’s daily chart shows the conditions aligning for a golden cross where the shorter-term average overtakes the longer-term one, which is a potential long-term bullish shift. This crossover, if confirmed, would be one of the most reliable trend-reversal patterns in technical trading.

Right now, Bitcoin’s price action is consolidating around $105,000. However, if this golden cross does play out well, Bitcoin could attempt another run toward the key resistance level around $111,600. However, current geopolitical instability, especially the rising tensions in the Middle East, could disrupt this technical picture at any moment and cause a reassessment of the bullish outlook.