The crypto market took a success in the present day as Bitcoin dropped under a key help stage, weighed down by profit-taking and broader macro considerations.
On Thursday, Might 15, afternoon Asian time, the whole crypto market cap slid by 4.8% to $3.39 trillion. Bitcoin (BTC) dipped 1.6% to round $101,846, shedding the $103,100 help stage.
Analysts at the moment are watching the $101,600 mark as the subsequent essential stage that it wants to maintain to hold the current bullish momentum alive.
This dip comes proper after the latest U.S. Consumer Price Index (CPI) data was launched. Inflation for April got here in decrease than anticipated, rising simply 2.3% year-over-year—the slowest tempo since 2021, and down from March’s 2.4%.
Whereas low inflation generally is a good signal, it additionally hints at weakening client demand, which might level to underlying recession fears.
Apparently, despite the fact that Trump’s new tariffs haven’t totally trickled down to client costs but, the softer inflation print most likely gained’t be sufficient to persuade the Federal Reserve to minimize rates of interest, regardless of strain from Trump.
Fee cuts are one thing the crypto merchants have been hoping for, since decrease charges often enhance liquidity and threat urge for food.
Traders are additionally in wait-and-see mode as they await the U.S. Producer Worth Index (PPI) information popping out later in the present day at 12:30 PM UTC. The report ought to give extra clues about inflation, which might play an enormous function in what the Fed decides to do subsequent with rates of interest.
Most market specialists consider the Fed is possible to hold rates of interest regular, and that’s prompted many merchants to lock in earnings, particularly after Bitcoin’s sturdy run above the $100,000 mark.
Whereas many of the market is sliding, some altcoins could also be higher positioned to experience out the downturn.
Ripple (XRP)
XRP has been probably the most constant performers because the begin of 2025, helped by a string of bullish developments round Ripple and its ecosystem. The SEC just lately reduced Ripple’s positive to $50 million, successfully ending the long-running lawsuit and reinforcing XRP’s non-security standing.
XRP can even be within the highlight this week as traders look ahead to the upcoming launch of CME’s XRP futures on Might 19 and await a key SEC resolution on a proposed ETF linked to XRP subsequent month.
On the each day chart, XRP has bounced again properly after hitting a low of $1.6218 in April. It’s now buying and selling above each the 50-day and 100-day transferring averages, which is a bullish signal.
XRP has additionally fashioned an inverse head-and-shoulders sample, a traditional sign that usually factors to a development reversal. The “head” is round $1.62, and the 2 “shoulders” are close to the $2 mark.
Whereas the rally might hold going, there’s additionally an opportunity XRP may dip to retest the $2.21 help stage earlier than transferring increased once more. This type of transfer, generally known as a break-and-retest, is really seen as a powerful bullish setup.
If present tendencies maintain, XRP might climb again to its year-to-date excessive of $3.40, reflecting a possible 36% upside from its present value.
Tron (TRX)
TRX has gained regular traction on this bull cycle, supported by TRON’s increasing function within the stablecoin market and rising on-chain exercise. The community just lately surpassed Ethereum in complete USDT provide, cementing its place as a key infrastructure for stablecoin transfers, significantly in rising markets.
Different bullish drivers embrace TRON’s rising integration with real-world asset platforms and its sustained dominance in daily active addresses and transaction depend, which have constantly outpaced most layer-1 networks in 2025.
On the each day chart, TRX has bounced again properly from help at $0.21, climbing to practically $0.28 this week. It lastly broke above the $0.25 resistance stage, which had been a tricky resistance stage since January.
Tron is now buying and selling inside an ascending channel and sitting just under the highest of that vary. It’s additionally moved above the 20-day and 50-day EMAs, which often indicators power.
If TRX breaks above the $0.28 stage, it might push increased towards the $0.45 mark, final yr’s excessive, which might be a 66% leap from present costs.
Dogecoin (DOGE)
Dogecoin (DOGE) has surged over 42% prior to now month and was buying and selling at $0.22 when writing.
The rally comes amid rising institutional curiosity. Grayscale just lately launched a devoted Dogecoin belief, whereas 21Shares partnered with Home of Doge to introduce DOGE-based exchange-traded merchandise in international markets.
Individually, the Dogecoin Basis is working to advance real-world adoption of the unique memecoin. In collaboration with Home of Doge, it goals to onboard a million retailers by means of the Dogebox toolkit, an open-source resolution for integrating DOGE funds.
All of those level to a maturing ecosystem, the place Dogecoin has advanced from its memecoin roots into a reputable participant throughout the broader decentralized panorama.
On the each day chart, DOGE has damaged above $0.242, a key resistance stage it struggled with again in March.
It’s additionally fashioned a textbook head-and-shoulders sample over the previous few weeks. In technical evaluation, this setup typically factors to a possible development reversal or continuation.
Including to the bullish indicators, each the MACD and RSI indicators are pointing upward. The RSI is presently at 62, which suggests there’s nonetheless room for extra upside.
With this momentum, DOGE is well-positioned to return to its year-to-date excessive of $0.436, which might translate to a 93% rally from present ranges.
Disclosure: This text doesn’t symbolize funding recommendation. The content material and supplies featured on this web page are for academic functions solely.
