Bitcoin’s price has lost its upward momentum, but data suggests traders are preparing to buy any significant dips.
A mild correction during an uptrend is seen as a healthy sign, shaking out weak hands.
Bitcoin’s weakness has pulled down several altcoins.
Bitcoin’s price may fall to $33,390 if it sustains below $35,000, but if it holds above the 20-day EMA ($32,611), the trend remains positive.
Ether faces strong selling at higher levels, with support at $1,746 and resistance at $1,865.
BNB is stuck between $223 and $235, with the path of least resistance being to the upside.
XRP is facing resistance at $0.61, but bulls remain in control as long as the price stays above $0.56.
Solana may see a downward move if it falls below $38.79, while Cardano is viewed as a buying opportunity with a target of $0.38.
Dogecoin is fiercely defended at the 20-day EMA ($0.06), with resistance at $0.07.
Toncoin faces strong resistance at $2.31, but bulls have a slight edge.
Chainlink continues to face resistance at $11.50, with support at the 20-day EMA ($10.11).
Polygon’s rally lacks momentum, with resistance at $0.70 and support at the 20-day EMA ($0.61).
Investment advice and recommendations are not provided in this article. Conduct your own research before making any decisions.
