The crypto market just went through a storm! 🚨 Bitcoin’s sharp fall triggered the biggest long liquidation in 24 hours, shaking traders across the board. This sudden sell-off also dragged several altcoins below their immediate support levels, raising questions about what’s next. Let’s break it down:
🔹 SPX & DXY
SPX (S&P 500): Holding steady but showing signs of caution as global markets react to tightening liquidity. Any weakness here could add pressure on crypto.
DXY (Dollar Index): Strengthening again 🚀—this often signals headwinds for Bitcoin and altcoins as liquidity shifts toward the U.S. dollar.
🔹$BTC (Bitcoin)
After the steep drop, BTC is hovering near key support. Bulls must defend this zone to avoid a deeper correction toward $58K. Resistance lies around $64K.
Momentum remains weak in the short term, but whales could use this dip to accumulate.
🔹 $ETH (Ethereum)
ETH slipped below its $3,200 support, now testing $3,050 levels.
A bounce back above $3,250 could ignite fresh bullish momentum, while failure risks a slide toward $2,900.
🔹 $XRP
XRP lost its $3.00 handle briefly but is trying to recover.
Bulls need to push price back above $3.15 to signal strength, otherwise a drop to $2.80 is possible.
🔹 BNB
BNB broke under $585, now trading sideways.
Key level: $600. If regained, bulls could eye $640; otherwise, downside remains open toward $550.
🔹 SOL
SOL dipped under $180 but found demand near $172.
A recovery above $185 could reignite momentum toward $200. Weakness below $170 risks further sell-off.
🔹 DOGE
DOGE slid under $0.14, with bears aiming for $0.125.
Only a push above $0.15 would bring back bullish energy.
🔹 ADA
ADA broke below $0.48 support.
Next level to watch is $0.44. Bulls need a close above $0.50 for strength.
🔹 HYPE
The new trending token faced its first big test, dropping below key hype levels.
As liquidity dries up, only strong volume inflows can bring it back toward recent highs.