Crypto Market Analysis – Bulls Fight Back as Altcoins Surge

Altcoins post significant gains after Bitcoin rebound above $61,000. Bitcoin faces resistance, but analysts foresee bullish momentum. BTC holds key levels as traders eye ETFs. Here a closer look at top altcoins.

BTC:
Bitcoin maintains support near $59,600, suggesting bear trap. Bulls aim for $63,366 and $66,151, but bears eye $56,500 break. Traders anticipate Bitcoin ETFs’ impact on sentiment.

ETH:
Ether bounces from $2,850 support with bullish tail. Downward trend persists; bears target descending channel lower boundary. Bulls need to overcome resistance at the 20-day EMA for trend reversal.

BNB:
BNB oscillates within $495-$635 range. Bears may test $495, while bulls aim for $635 breakthrough. Market indecision prevails; traders await clear trend confirmation.

SOL:
Solana rebounds from $126 support, showing buyer interest. Range-bound action continues; bears target $126 breakdown. Bulls look for sustained momentum above moving averages.

XRP:
XRP finds support near $0.46-$0.41, with resistance at $0.57. Bulls seek close above 20-day EMA for upward move. Bears await confirmation of downward continuation below support zone

DOGE:
Dogecoin defends $0.12 support, faces resistance near $0.15. Bearish scenario below neckline; bullish above downtrend line. Market sentiment remains cautious amid ongoing volatility.

TON:
TON seeks support near Fibonacci retracement levels. Bulls aim for $0.15 resistance; bears target downtrend line. Traders monitor price action for trend confirmation.

ADA:
Cardano defends $0.46 breakdown level; bears aim for $0.40 breakdown. Bulls eye $0.52 and $0.57 resistance. Market sentiment cautious; traders await clear direction.

AVAX:
Avalanche consolidates in $29-$40 range, awaits moving average resistance. Bears eye drop below $29; bulls aim for $40 breakthrough. Traders monitor price action for trend reversal signals.

SHIB:
Shiba Inu recovery faces moving average resistance. Bears eye $0.000018 if support falters; bulls target $0.000028 and $0.000033. Market sentiment remains uncertain amid volatility.

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