As Memorial Day weekend kicks off, take a look at Bitcoin, Ethereum, and Dogecoin next week.

Bitcoin (CRYPTO:BTC) was marginally higher in Friday’s 24-hour trading session relative to the S&P 500, which was up more than 1%.

The top crypto was dragging. Ethereum (Crypto: ETH) slightly up, while Dogecoin (CRYPTO: DOGE) was trading against the major cryptos, down about 0.5%.

Optimism that lawmakers will find a solution to the debt ceiling crisis has increased, prompting markets to react positively despite concerns. Federal Reserve It will increase prices again in June.

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Spot gold, like the crypto sector, was muted heading into the weekend, easing fears that the US is headed for a recession.

Traders and investors will be watching the crypto sector over the long weekend for an indication of how the stock market will fare next week.

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See Bitcoin, Ethereum and Dogecoin here.

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Bitcoin chart: Bitcoin has been trading mostly sideways since May 12 and on Thursday, the crypto fell to the $25,864 mark, breaking above that level. The price action is for Bitcoin to print a higher double-bottom pattern when it coincides with the same price action on May 12.

On Friday, Bitcoin was reacting to the pattern and was declining above Thursday’s high-of-the-day, but the crypto was rejected from the upper downward trend line, which has been holding down since May 6. If Bitcoin breaks through the trend line, a long-term upward reversal is on the horizon. It may be on.

Bitcoin has resistance above $27,133 and $28,690, with support below at $25,772 and $25,288.

Ethereum Chart: Like Bitcoin, Ethereum is trading below the descending trend line that has been holding the crypto down since May 6. Ethereum also declined in Friday’s session, but a major reversal could be on board if the crypto manages to break above the trend line. .

If Ethereum fails to break the trend line, the crypto may continue to push lower. If this happens, bullish traders will want to see Ethereum hold above $1,737 or a long-term downtrend may be on the horizon.

Ethereum has support at $1,846 and $1,957 and below $1,717 and $1,564.

Dogecoin chart Dogecoin has been trading under a bearish trend, forcing the crypto’s lows since April 3rd. Like Bitcoin, Dogecoin formed a double-bottom pattern near 7 cents on May 11th and May 25th and was trying to move higher on Friday.

Bullish traders want to see a large volume of bulls come in and Dogecoin break above the trend line. Bearish traders want to see a large amount of bears entering and pushing the cryptocurrency below the 7-cent mark, which could indicate a bearish trend is in the cards.

Dogecoin has support at $0.075 and $0.083 and below at $0.069 and $0.065.

See also: Cryptocurrency market news, how-to and educational guides

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