The cryptocurrency market has seen significant movements recently, with Bitcoin (BTC) and several altcoins experiencing notable price changes.
Bitcoin ($BTC )
Bitcoin's price has been volatile, with profit booking near $105,819, indicating bears are active at higher levels. However, the first support level on the downside is $100,000, and below that, the 20-day EMA ($97,238). If the price rebounds off the support zone, bulls may try to kick the BTC/USDT pair above $109,588, potentially leading to a rise to $130,000 ¹.
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Ethereum's price has seen selling pressure near $2,550. If the price skids below $2,435, the ETH/USDT pair may fall to $2,320. Conversely, if the price rebounds off $2,320, bulls will try to resume the up move, with resistance at $2,850 and potentially $3,000 ¹.
Binance Coin ($BNB )
Binance Coin has outperformed BTC, ETH, and XRP, with a 4.36% increase in 24 hours and over 10% price increase in the last seven days. The VanEck BNB ETF filing has contributed to the rally, with BNB trading at $659.06. Key resistance levels to watch are $668.2, $679.5, and $684.6, while support levels are $648.7, $640.3, and $631.3 ² ³.
*Solana* ($SOL)
Solana's up move has stalled near the $180 resistance, but bulls have not given up much ground. A shallow pullback increases the possibility of the continuation of the rally. If buyers drive the price above $180, the SOL/USDT pair could rally to $210. Immediate support on the downside is at $168, and below that, the 20-day EMA ($155) ¹.
*Key Levels to Watch:*
- *BTC:* $100,000, $105,819, $109,588
- *ETH:* $2,320, $2,435, $2,550
- *BNB:* $648.7, $657, $668.2, $679.5
- *SOL:* $168, $173.6, $180, $210
The cryptocurrency market remains dynamic, with potential for both growth and volatility. Staying informed about market trends and regulatory changes will be crucial for investors.