Crypto Radar: Bitcoin Tests US$ 75k Support with Market in Fear Mode
The crypto market closes this Friday, 22/05/2026, with clear signs of selling pressure. Bitcoin retreats 2.2% in the last 24 hours, trading at US$ 75.897, while Ethereum plummets 2.6% to US$ 2.075. The Fear & Greed Index marks only 28 points, confirming the fear sentiment that dominates investors.
Bitcoin dominance remains robust at 59.9%, one of the few indicators that still favors the leading cryptocurrency. With a market cap of US$ 1.52 trillion, BTC continues to be the safe haven within the crypto ecosystem itself, even facing headwinds.
The global 24-hour volume reached US$ 78.89 billion, reflecting moderate but consistent activity. The total cryptocurrency market sums US$ 2.54 trillion, a mark that demonstrates the maturity of the sector even in moments of correction.
Bitcoin: RSI Near Oversold Signals Opportunity
The technical behavior of Bitcoin is reaching interesting levels. With RSI at 33.80, we are approaching the oversold zone traditionally viewed as an entry opportunity by more aggressive buyers.
The moving average structure remains bearish. Bitcoin trades below the SMA20 (US$ 79.281) and SMA50 (US$ 76.395), while the SMA50 is 5.4% below the SMA200 - confirming the medium-term downtrend.
Análise Técnica — Bitcoin
Critical support is at US$ 75.775 (30 days), practically where the current price is. A break below that level would open space for the US$ 72-74k zone. On the upside, immediate resistance sits at US$ 78.135, followed by the more relevant barrier at US$ 82.146.
Declining volatility may signal silent accumulation. Smart money historically positions itself when fear reaches extremes and volatility decreases.
Ethereum: Extreme Oversold Signals Caution
Ethereum presents even more oversold technical signals than Bitcoin, with RSI at just 24.00 points. This extreme reading historically precedes technical bounces, but also indicates that selling pressure was intense.
The second-largest cryptocurrency faces a more degraded technical structure than Bitcoin. Quoting at US$ 2.075, ETH is 11.6% below the SMA50/SMA200 convergence, signaling more pronounced structural weakness.
Análise Técnica — Ethereum
The critical 30-day support coincides exactly with the current price: US$ 2.076. A definitive break below this level would put Ethereum in truly bearish territory, with the next relevant support in the US$ 1.950 region.
Ethereum dominance fell to 9.9%, the lowest level in months. This reflects not only technical weakness, but also capital rotation to other assets in the crypto ecosystem.
Today's Highlights: NEAR Leads with 8.5% Gain
While the overall market suffers, some altcoins manage to swim against the current. NEAR Protocol leads gains with an 8.5% rise, benefiting from the AI token movement that gained traction this week.
Worldcoin (WLD) and Quant (QNT) complete the podium of biggest gains, with 5.4% and 5.1% respectively. The strength of these projects in a bearish market demonstrates specific interest in artificial intelligence and interoperability narratives.
On the negative side, EDGE plummets 11.9%, followed by Dash (-11.4%) and Zcash (-10.6%). The decline of these privacy projects may be related to growing global regulatory pressures.
Stablecoin Rates
Macro Context: News Moves the Sector
The market reacts to important developments in the crypto landscape. According to CoinDesk, the founder of F2Pool, which controls 11% of Bitcoin's hashrate, was chosen to lead SpaceX's first mission to Mars - a symbolic milestone for the intersection between crypto and space exploration.
Corporate changes also draw attention. Robinhood Crypto's COO, Tanya Denisova, leaves the company amid revenue slowdown, signaling possible challenges in the digital brokerage sector.
On the regulatory front, American lawmakers launch investigation into possible insider trading on Kalshi and Polymarket platforms, while Minnesota empowers local banks to compete with Wall Street in crypto revenue.
SEC Commissioner Peirce counter-argues views that new crypto rules will foment synthetic tokens, keeping the regulatory debate heated.
What to Watch Tomorrow
- Test of Bitcoin's critical support at US$ 75.775 - a break would confirm extension of the decline
- Possible technical bounce in Ethereum from extremely oversold RSI
- Continuity of AI token rally, especially NEAR Protocol
- Evolution of Fear & Greed Index - readings below 25 historically mark local bottoms
- Weekend volume - low participation can amplify moves in either direction
Disclaimer: Crypto Radar is published daily by the ON3X team for informational purposes only. This content does not constitute investment recommendation. Do your own research before making financial decisions.