Bitcoin has been consolidating above $35,000, but the bulls have struggled to push it above $38,000.
Analysts believe Bitcoin may enter a correction, with a worst-case scenario projecting a drop to $30,000.
Altcoins like SOL, LINK, NEAR, and THETA are showing signs of resuming their uptrends.
Solana (SOL) is attempting to climb back above $59, with a potential target of $68.20.
Chainlink (LINK) is finding support at the 20-day EMA and may target $16.60 if it breaks resistance at $15.38.
Near Protocol (NEAR) has broken resistance at $1.72 and could rise to $2.40 if it clears the minor resistance at $2.
Theta Network (THETA) is finding support at the 20-day EMA and could target $1.05 and $1.20 if it breaks resistance at $1.
Summary:
– Bitcoin is facing resistance at $38,000 and may enter a correction.
– Altcoins like SOL, LINK, NEAR, and THETA are showing signs of resuming their uptrends.
– SOL may target $68.20 if it breaks above $59.
– LINK is finding support at the 20-day EMA and may target $16.60 if it breaks resistance at $15.38.
– NEAR has broken resistance at $1.72 and could rise to $2.40.
– THETA is finding support at the 20-day EMA and could target $1.05 and $1.20 if it breaks resistance at $1.