TD Sequential Signals Sell for BTC, XRP, SOL, and ADA

• Bitcoin’s price faces a crucial test at $96,000, with potential for further decline.
• XRP must hold $2.42 to avoid deeper pullback toward $2.38 or $2.40.
• ADA could test resistance near $0.80 if it stays above key support at $0.76.

Bitcoin (BTC), XRP, Solana (SOL), and Cardano (ADA) might face a brief pullback, according to analyst Ali Martinez. The TD Sequential indicator is flashing sell signals on their hourly charts, hinting at potential downward movement. 

While BTC has shown volatility around the $96,000 level, XRP and SOL have run into roadblocks at key price points. At the same time, ADA has surged significantly, but a slight cooling off is underway.

Bitcoin Faces Selling Pressure

Bitcoin is currently trading at $96,036.06, down 1.35% over the past day. Initially, BTC dipped slightly before rallying toward $98,500. However, after a brief pause, the price reversed and fell sharply below $97,000. This decline has now put BTC near a big support level at $96,000.

Resistance levels remain at $97,500 and $98,500, where selling pressure has been seen. If Bitcoin caves below $96,000, it could slide further to $95,500 or even $94,800. On the other hand, clawing back $97,000 could allow BTC to attempt another push toward the $98,500 resistance zone.

Related: BlackRock ETFs, BTC, and XRP—Is a Sovereign Wealth Fund the Next Big Catalyst?

XRP Fights to Stay Above $2.42

XRP has seen a 0.36% decline in the last day, currently priced at $2.42. The asset initially dipped before recovering above $2.52, but resistance at this level stopped further gains. A steady decline followed, bringing the price back to test the $2.42 support.

If XRP manages to stay above $2.42, a rebound toward $2.50 is possible. However, a breakdown below this level could push the price to the next support at $2.40. A more significant decline could send XRP to $2.38, where stronger buying interest might pop up. To keep the bulls going, XRP must break above $2.52 and hold its position.

Related: XRP, Cardano, and Solana Shine as Bitcoin Crosses $100K

Solana (SOL) Faces Resistance Near $204

SOL has dropped 2.44% over the past 24 hours, trading at $198.44. The asset initially declined from $203.33 before recovering and surging past $204. However, after reaching its peak, SOL retraced below the $200 level, where it is now trying to stabilize.

Immediate support lies at $198, with further downside targets at $196 and $194. If SOL manages to break above $200, it could regain bullish momentum toward $202 and $204. Failure to hold $198 may result in a deeper correction toward critical support levels.

Cardano (ADA) Gains Despite Minor Pullback

ADA has surged 9.31% in the past 24 hours and is currently trading at $0.7685. The asset saw a strong rally from $0.7028, breaking through multiple resistance levels before peaking above $0.80. After reaching this high, ADA retraced slightly but is holding above key support.

For now, resistance is sitting at $0.78, with stronger resistance at $0.80-$0.81. If ADA holds above $0.76, it could take another shot at breaking past $0.80. On the flip side, a drop below $0.76 may lead to a decline toward $0.74 or $0.72, which remains a solid support level.