BTC/USD and DOGE/BTC Race Towards Bullish Breakout; XRP MACD Turns Bullish

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar ￰0￱ key story Tuesday morning centers around BTC/USD — representing bitcoin's dollar-denominated price — and the Binance-listed dogecoin-bitcoin (DOGE/BTC) pair, both racing to secure bullish inverse head and shoulders breakouts on their hourly charts. A confirmed breakout in bitcoin could set the stage for a re-test of the $120,000 level, a scenario discussed on Monday . Likewise, a potential breakout in DOGE/BTC could signal notable outperformance for dogecoin ￰1￱ the key question remains: will these breakouts materialize? The technical picture supports the bulls, with the 50-, 100-, and 200-hour simple moving averages realigning bullishly, trending steadily north, and reinforcing upward ￰2￱ to that the strong market sentiment fueled by growing expectations for Fed rate cuts next week and beyond — a catalyst likely to galvanize rotation of retail funds out of the money market funds and into bitcoin and ￰3￱ has an additional bullish tailwind – the ETF hopes.

XRP: MACD flips bullish XRP is rapidly approaching the upper boundary of a near two-month-long descending triangle pattern, delineated by trendlines connecting the July 18 and Aug.14 highs alongside the Aug. 3 and Sept. 1 lows. A decisive breakout above this formation would signal a resumption of the broader uptrend, paving the way for a rally toward $3.38—the August high—and potentially $3.65, the peak reached in ￰4￱ technical setup is ￰5￱ positive sentiment brewing in the bitcoin market, coupled with a positive crossover in XRP's daily MACD histogram, enhances the likelihood of a successful breakout from the descending ￰6￱ MACD's positive crossover indicates a renewed bullish shift in ￰7￱ bears need a drop below $2.67 to re-establish the downtrend.

SOL: Probes 61.8% Fib retracement Solana (SOL) is trending north, marked by a series of higher lows and higher highs that underscore a bullish ￰8￱ outlook is further strengthened by the upward sloping 50-, 100-, and 200-day simple moving averages, painting an encouraging technical ￰9￱ of writing, SOL appears poised to surpass the 61.8% Fibonacci retracement level of the January-to-April sell-off. A move above this key "golden ratio" level could attract momentum buyers, potentially driving SOL toward testing the resistance zone between $260 and $280.