The recent rebound in Bitcoin and select altcoins suggests that bulls are still in control and are buying at lower levels. The settlement between Binance and the US Department of Justice is seen as a positive for the cryptocurrency space, although caution remains due to the SEC’s pending lawsuit against Binance. Bitcoin has found support above the 20-day EMA and could start the next leg of the uptrend if it breaks above $38,000. Ether is attempting to overcome resistance at the resistance line, which could lead to a rally towards $2,137. BNB is consolidating between $223 and $265, with a break above the 20-day EMA signaling a potential consolidation phase. XRP is expected to range between $0.56 and $0.74, with a break above the 20-day EMA indicating strong buying. Solana is facing resistance at $59, and a failure to break above could lead to a drop towards $48. Cardano is finding support at the 20-day EMA and could rally towards $0.46 if it breaks above $0.39. Dogecoin is attempting to reclaim the 20-day EMA, with a break above signaling a move towards $0.10. Toncoin is range-bound, with support at the 50-day SMA and resistance at $2.40. Chainlink is rebounding from the 20-day EMA, with buyers aiming to push the price above $15.39. Avalanche closed above the breakout level but failed to maintain higher levels, with resistance at $22. Buyers will attempt to push the price above $22 to start a new up-move.
