The cryptocurrency market has shown resilience despite negative news, with Bitcoin remaining above crucial support levels. ARK Invest CEO Cathie Wood has been buying the dip in crypto-related stocks since the SEC’s recent regulatory action. The top 10 cryptocurrencies are analyzed to determine if bulls can sustain the recovery or if higher levels will bring out bears.
– Bitcoin has not slumped below $26,125, indicating that lower levels are attracting buyers.
– Ether has maintained demand at lower levels and may rise to $2,200 if it breaks above $1,927.
– BNB nosedived below $265 but may face a relief rally that will face selling at $280.
– XRP remains in an uptrend, with bulls in command and may start a new uptrend if it climbs above $0.58.
– Cardano may bounce off the solid support at $0.30, but a break below this may lead to a decline to $0.24.
– Dogecoin remains below the breakdown level of $0.07, but a move above the 20-day EMA may signal a stronger recovery.
– Solana may drop to $17 and $15.28 if it breaks and sustains below $18.70.
– Polygon continues to move lower toward its crucial support at $0.69, with the breakdown level of $0.82 acting as a major hurdle.
– Litecoin has solid demand at lower levels but may extend its stay inside the triangle for a few more days.
– Polkadot remains below the breakdown level of $5.15 but may recover to $5.56 if it breaks above $5.24.
