The crypto market opened the week with strong technical corrections after recent highs, with major cryptocurrencies trading in the red.
Bitcoin (BTC) was one of the most affected assets last night. The massive sell-off of 24,000 BTC generated an immediate pullback to $110,900, although the price managed to stabilize near $111,900 by the time of this edition's closing.
Technically, key support is located at $111,000–$112,000. A sustained loss of that range could pave the way towards $108,000, while a recovery above $114,000 would restore confidence to the bulls.
Meanwhile, Ethereum (ETH) corrected after its all-time high yesterday. After touching $4,946, it retreated to $4,650, representing a decline of around 2.5%. However, the positive flow in ETFs supports its bullish underlying structure.
As long as it remains above $4,600, the bias remains positive with a potential target towards $5,000.
Regarding XRP, the altcoin accompanied the overall correction with a decline of around 2.3%, retreating from $3.10 over the weekend to $2.96.
Technical resistance remains at $3.30 while key support is around $2.85. Its next technical movement will depend on the prevailing sentiment this morning.
Finally, Mantle (MNT) fell by around 8%, moving between $1.27–$1.14. Strong selling pressure drove the correction, although it maintains support in the $1.14–$1.15 zone. Trading volume remained high, reflecting volatility and adjustments after recent rises.