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Bitcoin’s bullish market structure persists despite profit-taking and consolidation. While currently below the $109,588 breakout level, Bitfinex analysts view this post-ATH retracement as healthy, paving the way for further gains. Glassnode concurs, noting a weakening RSI suggesting easing momentum and a potential pause. However, dips are anticipated to be bought, with Material Indicators remaining bullish above $100,000 due to whale accumulation and expecting support near $94,000.
Critical Bitcoin levels include the $105,453 20-day EMA. A strong rebound from this level signifies positive sentiment, potentially retesting $111,980 and even surging to $130,000. Conversely, breaking below the 20-day EMA could trigger a drop to the $100,000 support.
Ether (ETH) is forming a bullish ascending triangle pattern. A break above the $2,738 resistance would target $3,000 and $3,153. Conversely, breaking below the 20-day EMA ($2,467) could lead to a decline to $2,323 or even $2,111.
XRP trades between moving averages, lacking decisive buying or selling. Breaking below the 50-day SMA ($2.24) could lead to a drop to $2, then potentially $1.61. Conversely, closing above the 20-day EMA ($2.33) targets $2.65 and potentially $3.
BNB’s bullish ascending triangle pattern, completing above $693, targets $752. Breaking below the 20-day EMA ($658) could trigger a decline to the 50-day SMA ($622).
Solana (SOL) consolidates between the 20-day EMA ($169) and $180 resistance. Breaking below the 20-day EMA could drop SOL to $159 and the 50-day SMA ($153), while breaking above $180 targets $210-$220.
Dogecoin (DOGE) faces potential decline below the 20-day EMA ($0.22) to $0.21 and potentially the 50-day SMA ($0.19). Holding above $0.21 suggests bullish defense within the $0.21-$0.26 range.
Cardano (ADA) is near the inverse head-and-shoulders neckline; breaking below the 50-day SMA ($0.70) could lead to $0.60. Breaking above $0.86 targets $1.01.
Sui (SUI) faces potential decline below the 50-day SMA ($3.24) to $2.86. Rebounding from the 50-day SMA could target the $3.90-$4.25 range.
Hyperliquid (HYPE) broke below support, possibly falling to the 20-day EMA ($30) from $32. Reclaiming $35.73 would target $42.25.
Chainlink (LINK) finds support at the head-and-shoulders neckline. Breaking above $18 targets $19.80, while breaking below the 50-day SMA ($14.68) could lead to $13.20. This is not investment advice.
