Bitcoin important support and resistance Today.
Based on the candlestick chart:
Support Levels:
1. $92,800 – Clear recent low, where the price found support before rebounding.
2. $98,000–$98,500 zone – This is around the MA(25) level and previously acted as a base before the price surged.
3. $100,900 – A minor support level visible after the breakout.
Resistance Levels:
1. $104,361 – Most recent peak; clear short-term resistance.
2. $104,939 – A slightly higher potential resistance level, marking the chart's upper end.
{spot}(BTCUSDT)
{spot}(ETHUSDT)
BlackRock’s IBIT Sees 19-Day Inflow Streak, Adds $356M on May 9
BlackRock’s spot Bitcoin ETF (IBIT) pulled in $356.2 million on May 9, extending its 2025-best 19-day streak of consecutive inflows. Over the past week alone, IBIT recorded $1.03 billion in net inflows, according to Farside data.
This streak began on April 14 amid volatile Bitcoin price action, with the asset trading between $83,152 and over $103,000. Sentiment has improved since BTC reclaimed $90,000 on April 23, and later broke above $100,000 again on May 8.
The current run surpasses a 9-day inflow streak around President Donald Trump’s inauguration in January. Since the launch of spot Bitcoin ETFs in early 2024, total inflows have reached over $41.13 billion.
Previously, IBIT recorded a 104-day inflow streak from launch until April 23, 2024, during which Bitcoin hit an all-time high of $73,679 in March.
IBIT was recently named “Best New ETF” at the annual etf.com awards. Bitwise’s head of research recently predicted Bitcoin could hit $1 million by 2029, overtaking gold’s market cap as institutional adoption grows.
#Polkadot (DOT) is gaining strong upward momentum on the daily chart, with recent price action signaling a potential breakout above key resistance levels. After steadily climbing from below $4.00 to over $5.00, DOT has now established a bullish structure supported by upward-sloping 9-day and 20-day exponential moving averages. These indicators confirm that short-term and medium-term trends are aligned in favor of buyers.
Momentum is further reinforced by a sharp MACD crossover, with the histogram expanding in the positive territory — a classic signal of increasing bullish strength. Meanwhile, the RSI has entered overbought territory, suggesting that buying pressure is intense, though traders may want to watch for signs of short-term exhaustion or minor pullbacks.
$DOT is currently testing resistance around $5.205–$5.227. A confirmed breakout could pave the way toward the next key level at $5.71. On the flip side, if the rally cools off, strong support is likely to be found at $4.769, with deeper cushions at $4.49 and $4.416.
For long traders, entries above $5.23 with confirmed volume may offer a high-reward opportunity, while short traders could watch for a rejection at resistance zones to play a retracement toward the lower support areas. With trend indicators pointing upward, #DOT appears poised for continuation — but traders should stay alert for volatility near major breakout levels.
#AltcoinTrade #TradeStories
Read the full analysis: www.ecoinimist.com/2025/05/10/polkadot-build-bullish-momentum
Crypto Market Update: Altcoins Surge as Bitcoin Stalls
• The cryptocurrency market cap surged past $3.2 trillion, with a $120 billion increase driven largely by altcoins like Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE).
• While Bitcoin (BTC) saw inflows of $117 million into ETFs, its price stalled below $103,000, indicating a shift in investor focus towards altcoins.
• ETH experienced a 6% daily and 25.6% weekly gain, fueled by increased DeFi activity and inflows into Lido Staked Ether (STETH).
• SOL and DOGE also saw significant double-digit weekly gains, with SOL's activity boosted by memecoins and DOGE driven by renewed speculative interest.
• Institutional investors are also rotating funds from BTC to altcoins, suggesting a short-term preference for higher growth potential assets despite continued corporate bullishness on Bitcoin.
$XRP Prepares for a Potential Breakout: Technical Momentum Builds 🚀
The latest analysis on #XRPUSD highlights a developing bullish structure on the daily chart. After a series of higher closes, XRP is approaching a key resistance level at $2.4547 — a zone that could open the gates for further upside if broken convincingly.
Short-term momentum is gaining traction as the 9-day EMA pulls ahead of the 20-day EMA, signaling growing buyer interest. The MACD has flipped positive with an expanding histogram, pointing to increasing bullish momentum, while the RSI remains in a healthy range, suggesting #XRP still has room to move before reaching overbought conditions.
Crucial support levels at $2.325 and $2.2712 offer possible re-entry points for traders looking to join the trend on a pullback. Conversely, a failure to maintain support could expose the token to downside risks toward $2.2124.
For traders, this setup presents multiple scenarios — potential long positions on dips toward support with eyes on $2.5469 and $2.5673 as targets, or short trades if XRP rejects strongly at resistance and loses key support levels.
#AltcoinTrade #TradeStories
Read the full analysis: www.ecoinimist.com/2025/05/10/xrp-price-poised-for-liftoof
WIF Signals Bullish Momentum — Is a Run to $2 Coming?
$WIF is showing impressive strength on the daily chart, with momentum indicators and trend structure aligning in favor of the bulls. The Relative Strength Index has entered strong territory, suggesting sustained buying pressure, while the MACD has turned decisively positive, reinforcing the idea that upward momentum is building.
Price action has pushed #WIF through recent highs, with short-term EMAs pointing upward and confirming trend acceleration. With resistance levels approaching at $1.641, $1.671, and $1.873, traders are closely watching for a breakout scenario that could signal the next phase of the rally. At the same time, solid support zones at $0.609, $0.591, and $0.549 offer possible re-entry points for those looking to catch the next leg higher on a pullback.
This technical setup presents compelling opportunities for both long and short strategies, depending on price behavior near these critical levels. As meme coin enthusiasm returns to the market, WIF is emerging as one of the top contenders in the Solana ecosystem — with many now asking: is $2 the next stop?
#dogwifhat #AltcoinTrade #TradeStories
Read the full analysis: www.ecoinimist.com/2025/05/10/wif-signals-bullish-momentum-2-dollar
SOL Surges Past $170 With 5% Gain as Trading Volume Hits $6.97 Billion Amid Bullish Breakout
Solana (SOL/USDT) experienced strong upward momentum in the past 24 hours, with the price rising between 3.5% and 5.3% to around $171.37–$172.26 USDT. Trading activity remained robust, with daily volumes between $5.43 billion and $6.97 billion USD, and the market capitalization ranging from $76.17 billion to $89.10 billion USD, maintaining Solana’s position as a leading cryptocurrency.
The recent price increase can be attributed to a bullish breakout above the key resistance zone near $149–$150, supported by rising trading volumes and positive market sentiment. This rally followed a period of volatility where SOL briefly dropped to $147.35 before recovering sharply. The significant global liquidations, totaling $25.86 million, and the activity of leveraged traders contributed to the volatility and subsequent upward pressure on the price. Over the past week and month, Solana has shown notable gains of 14.61% and 64.03% respectively, reflecting sustained investor interest and momentum in the broader market.
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