Major Altcoins Struggle at Key Levels as Momentum Fades

Key Moments

Overview of Altcoin Technical Setup

Ripple (XRP), Cardano (ADA), and Dogecoin (DOGE) are all trading weakly after suffering double-digit declines last week. Each token is currently testing critical Exponential Moving Average (EMA) levels that serve as immediate support, while momentum indicators point to waning bullish strength and the potential for further downside.

Ripple: Price Holds Above Clustered EMAs but Faces Overhead Barriers

Ripple is quoted around $1.3725 on Tuesday, maintaining levels above its 50-day and 100-day EMAs, which are grouped near $1.21, and directly confronting the 200-day EMA at $1.35. This grouping of moving averages under the market provides a slightly positive short-term backdrop.

From a retracement standpoint, the 50% Fibonacci level of the decline from $2.41 to $0.98, located at $1.54, has acted as a ceiling, triggering a 10% retreat last week. A decisive move below $1.35 would open the way toward a support zone around $1.21, where the 23.6% Fibonacci retracement and the 50-day and 100-day EMAs converge.

Momentum has softened as the Moving Average Convergence Divergence (MACD) line has slipped just under its signal line, while the Relative Strength Index (RSI) at 61 signals that buying interest remains constructive but has eased from previously overbought levels.

On the upside, buyers face an initial obstacle at the 50% retracement near $1.54. Beyond that, additional resistance emerges at the 78.6% Fibonacci retracement area around $1.99.

XRP/USDT daily price chart.

Cardano: Mild Recovery From 50-day EMA Amid Weak Momentum

Cardano extends its rebound on Tuesday, adding to a 2% gain from the prior session and pushing above its 50-day EMA at $0.1916. Price action is now probing the 100-day EMA around $0.1975, reflecting a modestly favorable short-term tone.

Despite the bounce, ADA continues to trade below its 200-day EMA at $0.2434. This level is close to the 50% Fibonacci retracement of the fall from $0.4370 to $0.1382, which sits at $0.2458. Clearing $0.1975 on a confirmed basis would expose the 200-day EMA at $0.2434 as the next notable upside objective.

Momentum indicators underscore lingering vulnerability. The MACD is trending lower below its signal line, indicating fading upside strength, while the RSI near 51 points to a neutral backdrop following the recent recovery.

On the downside, the 50-day EMA at $0.1916 is the first notable support. A more pronounced decline would bring attention to the broader structural base at the 23.6% Fibonacci retracement at $0.1813, followed by the Fibonacci reference level around $0.1382.

ADA/USDT daily price chart.

Dogecoin: Neutral Stance Near 100-day EMA After Recent Pullback

Dogecoin is trading around $0.0828, hovering slightly above its 100-day EMA at $0.0816 and staying clearly below its 200-day EMA at $0.0954. This technical layout signals a neutral short-term posture.

The 100-day EMA at $0.0816 is providing near-term support after a 12% decline last week. A decisive drop beneath this level would expose a support area around the $0.0800 psychological mark, aligning with the 50-day EMA at $0.0787. Additional downside in DOGE could test the annual swing low near $0.0676.

The RSI near 55, holding above the midpoint after easing from overbought levels, reflects balanced momentum. At the same time, the MACD has slipped marginally under its signal line, indicating that recent positive momentum is losing steam.

On the topside, the first notable resistance sits at a horizontal level around $0.0879, defined by the February 11 low. Above that, the 200-day EMA near $0.0954 acts as the next cap, with a more substantial horizontal barrier at $0.1000, where prior supply is expected to reappear if buyers attempt another advance.