After a wild start to August, the crypto market is now in correction mode, with most major coins cooling off after hitting strong resistance levels.
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🔥 Top Market Highlights:
Bitcoin ($BTC ): Hovering near $113.5K, struggling to reclaim $115K. Support is holding but momentum is slowing.
Ethereum ($ETH ): Failed to break $4000, currently consolidating near $3850. Eyes on a breakout or deeper pullback.
Solana ($SOL ): Down to $162, trapped between range-bound price action. Watching $155 support.
BNB ($BNB): Stable around $582, showing resilience amid broader market dip.
Ripple ($XRP): Down 3.2% to $0.674 — pressure builds after rejection at $0.72.
Notcoin ($NOT): Continues its slow grind, holding near $0.016 — eyes on volume inflow.
📊 Overall Sentiment:
The market seems neutral to slightly bearish, with traders booking profits and awaiting a fresh macro trigger or volume breakout. Altcoins remain volatile and follow BTC’s lead.
🧠 What to Watch:
🔎 Bitcoin reclaiming $116.8K could kick off a short-term rally.
🛑 ETH needs to close above $4000 to regain bullish momentum.
📉 A break below key supports in BTC or ETH could signal more downside.
📝 Trader’s Tip:
This is a good time to stay cautious, focus on range trades or quick scalps, and wait for strong confirmations before entering aggressive positions.
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