#Crypto Market Pullback# Bitcoin (BTC) price is declining below the 100-day average, while Ethereum (ETH), Solana (SOL), and XRP are maintaining stronger technical levels.

In the crypto market, the notable movement in the last 24 hours occurred in the technical outlook of Bitcoin. The price of Bitcoin has dipped below the 100-day simple moving average of (SMA) for the first time since April. This decline negatively affects the technical outlook of the leading cryptocurrency, while ETH, SOL, and XRP maintain their stronger positions.
Bitcoin declined to $109,172 during the day, falling below not only the 100-day average but also the Ichimoku cloud. In technical analysis, this breakdown indicates that the downtrend is strengthening. Experts note that this appearance resembles the pullback experienced in February, which drew the price down to $75,000. Among the critical support levels, $105,390, (Fibonacci 38.2), and $100,928, where the 200-day average passes, stand out. For a bullish possibility, it is emphasized that Bitcoin needs to surpass $117,416.
Ethereum and Solana are standing out
Despite the technical weakness in Bitcoin, Ethereum and Solana continue to stay above the 100-day average and Ichimoku cloud. This indicates that in the event of a potential risk appetite reversal, ETH and SOL may perform stronger compared to BTC.

Although XRP is maintaining its 100-day average, it appears that the price is trapped within the Ichimoku cloud. This situation indicates that indecision and lack of direction dominate the market.
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