Following the delay in the Bitcoin ETF decision, Bitcoin’s price has been consolidating in a tight range, making it difficult to predict a breakout. However, traders should be prepared for a trending move in the near future. Ethereum has also been trading within a range, with uncertainty between the bulls and bears. Binance Coin has seen a drop in price after failing to break above the resistance line of a triangle pattern. XRP is facing resistance at the 20-day EMA, with the important support level to watch being the 50-day SMA. Dogecoin continues to trade within an ascending channel pattern, but the bulls are struggling to overcome the downtrend line. Cardano’s recovery attempt has been halted at the 20-day EMA, indicating selling pressure from bears. Solana is stuck between $26 and $22.30, with $26 being a crucial level to watch on the upside. Polygon has failed to break above the 50-day SMA, but the bulls are holding their positions. Litecoin is struggling to bounce off strong support and may resume its downtrend if it breaks below $81.36. Polkadot has been trading near $5, with attempts by bulls to push the price above the 20-day EMA being met with resistance from bears. Overall, the cryptocurrency market remains uncertain and traders should be cautious.
