Cryptocurrency markets face momentum stagnation across major assets

Major cryptocurrencies are experiencing a period of technical consolidation and momentum stagnation. Bitcoin is currently stalling near $79,639, with its MACD histogram flatlining after a period of upward movement. While the macro trend remains bullish as it trades above its 50-day and 200-day moving averages, the market is facing profit-taking pressure and a lack of immediate momentum.

Ethereum is similarly seeing a momentum pause, with its MACD histogram at zero. Despite a recent session drop, ETH remains positioned above its key moving averages, suggesting a trend pause rather than a reversal.

In the altcoin sector, Worldcoin (WLD) has reclaimed major moving averages and is showing signs of structural recovery, though momentum has also flattened. Meanwhile, FILE is facing technical headwinds, with dead momentum and heavy sell flow suggesting a potential retest of lower support levels near $0.72.