Bitcoin Price Analysis
Bitcoin (BTC) recently reached above $35,000, but quickly fell back below that level, indicating a potential fake breakout. A mild correction during an uptrend is normal and can be seen as a buying opportunity. Key support levels to watch are $33,390 and the 20-day exponential moving average ($32,611).
Ether Price Analysis
Ether (ETH) faced strong selling at higher levels and is currently struggling to surpass the $1,865 resistance. The key support to keep an eye on is $1,746. If this level breaks, it could signal a shift in favor of the bears.
BNB Price Analysis
BNB (BNB) is currently stuck between $223 and $235. The path of least resistance is to the upside, with the rising 20-day EMA and positive RSI. If bulls break above $235, the price could jump to $250 and eventually to $265.
XRP Price Analysis
XRP (XRP) is facing resistance near $0.61, but the bulls are still in control. If they can push the price above $0.67, a rally to $0.75 and $0.85 could be possible.
Solana Price Analysis
Solana (SOL) reached near its target objective at $48, but every rally is being sold into. If the price falls below $38.79, it could start a downward move towards the 20-day EMA ($32.41).
Cardano Price Analysis
Cardano (ADA) bounced back from the 20-day EMA ($0.28), indicating buying interest. The target on the upside is $0.38, but a break below $0.30 would indicate rejection of higher levels.
Dogecoin Price Analysis
Dogecoin (DOGE) is fiercely defended at the 20-day EMA ($0.06), but the bulls are struggling to sustain higher levels. If the price breaks above $0.07, a rally to $0.08 could be possible.
Toncoin Price Analysis
Toncoin (TON) is facing strong resistance at $2.31, with bulls unable to overcome it. A rebound off the moving averages could lead to a rally towards $2.59.
Chainlink Price Analysis
Chainlink (LINK) is facing resistance near $11.50, and a slide below the 20-day EMA ($10.11) may result in a retest of $9.50.
Polygon Price Analysis
Polygon (MATIC) has been moving up gradually, but the rally lacks momentum. Bulls need to break the overhead hurdle at $0.70 for a potential rally to $0.80.
Please note that this article does not contain investment advice or recommendations. Readers should conduct their own research before making any investment decisions.
