Radar Crypto — May 29, 2026
Bitcoin closes this Friday, 05/29/2026, trading at US$ 73.343, falling 0.6% in the last 24 hours. The move confirms the continuation of the downtrend that has been pressuring the largest crypto asset for a week, accumulating a 3.4% decline over the period. Extreme fear dominates the market for six consecutive weeks, with the Fear & Greed index marking only 23 points.
The technical dynamics have deteriorated significantly. Bitcoin is trading below all relevant moving averages — SMA20, SMA50, and SMA200 — a configuration we haven't seen since the 2022 bear market. The RSI has plummeted to 23.50, an extreme oversold territory that historically precedes technical rebounds, but this time faces resistance in the bearish structure of the averages.
Ethereum follows the leader's decline, trading at US$ 2.006, practically touching the psychological support of US$ 2.000. The second largest cryptocurrency accumulates identical performance to Bitcoin for the week (-3.4%), signaling that selling pressure does not discriminate between assets of different risk profiles.
Bitcoin: RSI in Capitulation Territory
Bitcoin's technical picture is clearly bearish. With RSI at 23.50, the asset is in the most extreme oversold zone of the last two months. Historically, RSI readings below 25 precede bounces of at least 5-8%, but the structure of the moving averages suggests that any recovery will be seen as a selling opportunity.
The SMA50 crossed below the SMA200 in a bearish manner three weeks ago, with the current difference of 3.3% between the averages. This "death cross" confirms the structural change in the trend, turning resistances into floors that now act as ceilings. The immediate support is exactly where the current price is: US$ 73.344. A loss of this floor would open the way to US$ 70.000, a level we haven't touched since April.
Increasing volume on declines indicates active distribution, not just an absence of buyers. Smart money is exiting positions accumulated during the March and April rally, when Bitcoin touched highs near US$ 85.000.
Análise Técnica — Bitcoin
Ethereum: Testing US$ 2.000
Ethereum's technical situation is even more concerning than Bitcoin's. The RSI at 21.90 marks the lowest level since January 2023, while the difference between SMA50 and SMA200 has reached 10.3% — almost triple the difference observed in Bitcoin.
Ethereum is literally leaning against the support of US$ 2.007, a level that has been tested for three consecutive days. Selling pressure intensified following news about problems on the Sui network, which according to CoinTelegraph, experienced new instability on Thursday. The market is interpreting these events as signals that blockchain infrastructure has not yet reached the maturity necessary to support mass adoption.
The nearest resistance is at US$ 2.116, but any recovery move will have to face the EMA20 at US$ 2.130 and the SMA20 at US$ 2.153. Three resistance levels in less than 150 points create a technical ceiling that will be difficult to break without a fundamental catalyst.
Análise Técnica — Ethereum
Macro: Regulation Under Debate
The American regulatory scenario continues to generate volatility in the crypto market. The CFTC announced support for cryptocurrency perpetual contracts and issued a statement on 24/7 trading, a move that should be positive but coincided with tougher statements from Jamie Dimon about the CLARITY Act.
According to CoinDesk, Dimon escalated the battle against stablecoin rewards in the CLARITY Act debate, stating that "banks will not accept this". The tension between traditional banks and the crypto sector intensifies just when Bitcoin would need positive catalysts to break the current downtrend.
Highlights of the Day
Despite the dominant negative sentiment, some assets managed to stand out positively. Injective Protocol leads gains with an increase of 15.3%, followed by Stellar Lumens (+14.3%) and Algorand (+7.4%). The move suggests rotation to smaller capitalization assets, a common strategy in correction markets when investors seek alpha in specific projects.
On the negative side, Edge Protocol plummeted 9.1%, followed by VVV (-7.0%) and Bittensor (-5.9%). The range between gains and losses indicates a fragmented market, where specific narratives can generate point-specific interest even in an adverse macro environment.
Stablecoin Rates
Outlook For Monday
The weekend will be crucial to determine whether Bitcoin can sustain the support of US$ 73.344 or if we will see a test of US$ 70.000. With RSI in capitulation territory and Fear & Greed Index at 23, technical conditions suggest that any bounce will be limited by resistances at US$ 77.274 and US$ 82.146.
What to Watch Tomorrow
- Sustained support at US$ 73.344 on Bitcoin
- Ethereum behavior near US$ 2.000
- Volume during the weekend — low volume can amplify volatility
- Development of regulatory discussions in the US
- Performance of altcoins in case of technical bounce
Disclaimer: Radar Crypto is published daily by the ON3X team for informational purposes only. This content does not constitute investment advice. Do your own research before making financial decisions.