Bitcoin and some altcoins are holding steady despite the US dollar index reaching a near 1-year high.
Bitcoin remains range-bound, with low liquidity potentially leading to volatile moves.
MicroStrategy has acquired 5,445 Bitcoin at an average price of $27,053 per Bitcoin.
The short-term price action for Bitcoin and altcoins remains uncertain.
Ether is attempting to start a recovery, but higher levels continue to attract sellers.
BNB remains below the breakdown level of $220, but the bulls are defending the $203 support.
XRP is in a symmetrical triangle pattern, indicating indecision between bulls and bears.
Cardano is struggling to push above the 20-day EMA and may complete a bearish descending triangle pattern.
Dogecoin shows buying at lower levels, but bears remain in control.
Solana is being aggressively defended by bears near the 20-day EMA.
Toncoin has dropped to the 20-day EMA, with buyers attempting to maintain the price above this level.
Polkadot is stuck below the 20-day EMA, suggesting strong bearish defense.
Polygon bounced off critical support but sentiment remains negative.
Summary:
– Bitcoin and altcoins are holding steady despite the US dollar index reaching a near 1-year high.
– Bitcoin remains range-bound with low liquidity potentially leading to volatile moves.
– MicroStrategy has acquired 5,445 Bitcoin at an average price of $27,053 per Bitcoin.
– Short-term price action for Bitcoin and altcoins remains uncertain.
– Ether is attempting to start a recovery but higher levels continue to attract sellers.
– BNB remains below the breakdown level of $220, with bulls defending the $203 support.
– XRP is in a symmetrical triangle pattern, indicating indecision between bulls and bears.
– Cardano is struggling to push above the 20-day EMA and may complete a bearish descending triangle pattern.
– Dogecoin shows buying at lower levels, but bears remain in control.
– Solana is being aggressively defended by bears near the 20-day EMA.
– Toncoin has dropped to the 20-day EMA, with buyers attempting to maintain the price above this level.
– Polkadot is stuck below the 20-day EMA, suggesting strong bearish defense.
– Polygon bounced off critical support, but sentiment remains negative.