Today’s crypto market faces mild bearish pressure, but the Fear & Greed Index has risen to 22, indicating that investor sentiment is improving but remains in the fear zone. Bitcoin dominance has dropped to 61.67% (-0.14%), suggesting that investors are shifting towards altcoins.
The Total Market Cap has increased to $2.68 trillion (+1.21%), while Altcoin Market Cap is at $1.03 trillion (+1.44%), reflecting attempts at market recovery.
#Bitcoin is trading at $83,488.32, down 1.01%. BTC is currently consolidating near $83,500. The next important support is at $82,800 – $82,500. For a bullish recovery, BTC must break above $84,000.
#Ethereum is at $1,902.28, down 1.33%. ETH is holding the $1,900 level, but if the price drops, $1,880 could be the next support zone. Upside resistance remains at $1,920 – $1,940.
#Solana has dropped to $128.53, down 4.86%, showing a significant decline. $125 is a critical support level. If price drops further, $122 – $120 could be tested. For a recovery, SOL must break above $130 resistance.
#Binance Coin is trading at $625.01, up 2.83%, showing strong bullish movement. BNB has broken the $600 level, indicating bullish strength. The next resistance is at $630 – $640, while $610 remains strong support.
#XRP is at $2.35, down 1.66%. $2.30 remains a key support level. If price drops, $2.25 will act as the next support, while on the upside, $2.40 is a crucial resistance level.
#Dogecoin is at $0.17, down 1.82%. DOGE must hold the $0.16 support zone, and if it fails, $0.15 could be tested. To regain bullish momentum, DOGE needs to break the $0.18 resistance.
The market is showing slightly bearish momentum, but altcoins are performing mixed. Bitcoin dominance is decreasing, indicating that investors are looking towards altcoins. BNB is an exception with bullish momentum, suggesting that selective altcoins are attracting liquidity.
If Bitcoin breaks the $84,000 resistance, the market could regain bullish momentum. The increase in total market cap is a positive trend, but BTC and ETH are still consolidating. The next few days will confirm whether the market will continue its uptrend or face further declines.
