Bitcoin price remained supported above the $85,500 zone. BTC is now rising and might aim for a move above the $88,000 resistance zone.

• Bitcoin started a fresh recovery wave above the $87,000 zone.
• The price is trading above $87,000 and the 100 hourly Simple moving average.
• There is a key bearish trend line forming with resistance at $88,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair could start another increase if it clears the $88,000 and $88,200 levels.

Bitcoin Price Remains Supported

Bitcoin price remained stable above the $85,500 level. BTC formed a base and recently started a recovery wave above the $86,200 resistance level.

The bulls pushed the price above the $87,000 resistance level. There was a decent upward move and the price was able to clear the 50% Fib retracement level of the recent downside correction from the $88,259 swing high to the $85,853 swing low.

Bitcoin price is now trading above $86,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $87,700 level and the 76.4% Fib retracement level of the recent downside correction from the $88,259 swing high to the $85,853 swing low.

The first key resistance is near the $88,000 level. The next key resistance could be $88,200. There is also a key bearish trend line forming with resistance at $88,200 on the hourly chart of the BTC/USD pair.

A close above the $88,200 resistance might send the price further higher. In the stated case, the price could rise and test the $89,500 resistance level. Any more gains might send the price toward the $90,000 level or even $90,500.

Another Drop In BTC?

If Bitcoin fails to rise above the $88,200 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $87,000 level. The first major support is near the $86,500 level.

The next support is now near the $85,500 zone. Any more losses might send the price toward the $85,000 support in the near term. The main support sits at $84,500.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $87,000, followed by $86,500.

Major Resistance Levels – $88,000 and $88,200.

Base altcoins are gaining traction this week, and three standout projects to watch are B3, CLANKER, and VIRTUAL. B3 leads the gaming narrative on Base, while CLANKER serves as a key launchpad for new meme coins.

Meanwhile, VIRTUAL remains one of the most prominent AI-focused tokens in the ecosystem despite its recent correction. Each of these tokens sits at a pivotal level, with potential for sharp moves.

B3

B3 is a gaming-focused project built by former Base team members. It brands itself as an “Open Gaming Layer-3”.

With a current market cap of $127 million, B3 has been attracting attention as one of the leading gaming tokens on Base chain and could see increased attention as the ecosystem continues to expand.

If momentum returns, B3 could push toward the resistance at $0.0064, with a breakout potentially sending it up to $0.0084.

However, if the market turns bearish, the token could revisit support at $0.0055 and $0.0052, with a deeper drop possibly taking it down to $0.0045.

tokenbot (CLANKER)

CLANKER, a launchpad for Base altcoins, is down 7.7% over the last seven days. Its market cap is now $63 million.

Like Pumpfun, it focuses on meme coin creation but within a different ecosystem.

The EMA lines suggest CLANKER is in a consolidation phase, awaiting a breakout. If an uptrend takes hold, the token could test resistance at $67.77, with potential upside toward $75 and even $78.5—its highest level since March 10.

However, if momentum fades, support lies at $60.37, and breaking below that could drag CLANKER down to $56.79 or $50.98.

Virtuals Protocol (VIRTUAL)

VIRTUAL is one of the top crypto AI agent tokens and was once the largest AI coin in the market, reaching a market cap of $4.5 billion.

Now sitting at $523 million, the token has dropped 28% over the last 30 days, reflecting the broader cooldown in the AI sector. Despite that correction, VIRTUAL remains one of the most relevant Base altcoins in the market.

If momentum returns to AI-focused projects, VIRTUAL could be a key beneficiary. It has the potential to test resistance at $0.97. A breakout above that could lead to further upside toward $1.24 and even $1.49.

However, if the correction deepens, the token may revisit support at $0.64—and breaking that level could send it down to $0.51.

Mantra (OM) is down 20% over the last 30 days and 5% today. Despite this recent correction, it remains the second-largest RWA (real-world asset) token in the market.

The technical outlook shows growing signs of weakness, with indicators suggesting the current consolidation could shift into a downtrend. At the same time, key support levels are being tested, and a potential death cross is forming on the EMA chart.

Mantra ADX Shows The Current Consolidation Could Change

Mantra’s ADX is currently at 22.96, a drop from 26.5 just a day ago, signaling a weakening trend. The ADX, or Average Directional Index, measures the strength of a trend without indicating its direction.

Readings below 20 generally suggest a weak or non-trending market, while values above 25 indicate a strong trend is forming or in progress.

With OM’s ADX now slipping below the key 25 threshold, it suggests that the previous trend—a consolidation—may be losing strength.

The drop also aligns with early signs of a potential shift toward a downtrend, especially if selling pressure builds. If the ADX continues to fall while bearish momentum rises, it could confirm that Mantra is transitioning out of consolidation and into a downward phase.

Ichimoku Cloud Shows A Bearish Trend Could Intensify

Mantra’s Ichimoku Cloud chart currently shows a market in hesitation, with the price moving along the edge of the cloud. This positioning reflects a state of consolidation, where neither buyers nor sellers have full control, as Mantra keeps its position as the second biggest RWA coin in the market.

The Tenkan-sen (blue) and Kijun-sen (red) lines are flat and close together, a typical sign of weak momentum and sideways movement in the short term. This setup often precedes a breakout, but the direction remains uncertain until a clear move occurs.

The future cloud is thin and has turned slightly bearish (red). It indicates that support ahead is weak and could be easily broken if selling pressure increases.

Additionally, the Chikou Span (lagging line) is entangled with recent price action, another indicator that OM lacks strong directional conviction.

While the price hasn’t decisively broken below the cloud yet, any further downside could shift the bias toward a confirmed downtrend. For now, OM remains in a vulnerable position. Traders will be watching closely to see if the cloud acts as support—or gives way.

Can Mantra Fall Below $6 Soon?

MANTRA’s EMA lines are signaling potential weakness, with a possible death cross forming soon—a bearish pattern in which short-term moving averages cross below long-term ones.

If this pattern is confirmed and downward pressure increases, OM could fall to test the support at $6.15. A break below that level may lead to a further drop toward $5.85, signaling a deeper correction phase in the absence of renewed bullish momentum.

However, if sentiment around RWA coins picks up again, Mantra could see a trend reversal. In that case, OM might rally toward the $7.10 resistance level and, if broken, target $7.39 next.

Should the uptrend mirror the strength seen in previous months, OM could even climb above $8 to test $8.16 for the first time since late February.