๐น Bitcoin Eyes $117K Amid Caution โ Altcoins Mixed as Bulls Struggle
๐ $BTC
Bitcoin (BTC)
Current Price: $115,219
Rebounding from key support at $112K, but resistance looms at $117K and $120K.
ETF outflows continue: $812M exited on Friday.
Breakout zone: Above $117K โ Possible surge to $123K.
Breakdown risk: Below $110.5K โ $105K or $100K possible (per Arthur Hayes).
๐ต $ETH
Ethereum (ETH)
Current Price: $3,727
Holding strong above $3,300โ$3,422 support.
Upside resistance at $3,652 (20D SMA) โ If broken, targets $3,941โ$4,094.
SharpLink bought 30,755 ETH at $3,530 = institutional confidence.
Watch for breakdown below $3,354 โ May hit $3,013.
๐ฃ$XRP
XRP
Current Price: $3.07
Range-bound between $2.66โ$3.19 (SMAs).
Break above $3.19 โ $3.33 and $3.66 targets.
Below $2.66 โ Risk of drop to $2.40.
๐ก BNB
Current Price: $766.83
Holding support at $732, but resistance at $769 (20D SMA).
Above $769 โ Possible push to $794โ$815.
Below $732 โ Support at $702.
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๐ Solana (SOL)
Current Price: $168.63
Rebounded after dipping below $161 (50D SMA).
Break above $179 could trigger a rally to $195.
Below $155 risks drop to $137.
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๐ถ Dogecoin (DOGE)
Current Price: $0.2095
Still ranging between $0.14โ$0.29.
Breakout above $0.22 (20D SMA) โ Targets $0.26โ$0.29.
Support at $0.19, then $0.14.
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๐ฉ Cardano (ADA)
Current Price: $0.7547
Neutral zone โ SMAs flat, RSI neutral.
Break above $0.77 could push to $0.80โ$0.85.
Below $0.68 โ Watch for drop to $0.50.
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โด๏ธ Stellar (XLM)
Current Price: $0.4152
Rebounding from $0.34 (Fib support).
Resistance at $0.43 (20D SMA).
Break above $0.43 โ Targets $0.46โ$0.49.
Support at $0.33, then $0.29 if it breaks.
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๐ Macro Outlook
S&P 500: Bullish but hitting resistance. Watch 6,139 (50D SMA).
US Dollar Index (DXY): Holding firm above MA, resistance at 100.54โ102.
Risk-on Trigger: DXY below 98 could fuel crypto rallies.
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๐ Takeaway: Bitcoinโs battle at $117K will set the tone for the market. ETF outflows and macro headwinds are keeping bulls in check. Watch for key breakout levels across major altcoins.
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