Bitcoin’s next move hinges on breaking $58.50K resistance or falling below $56.39K.
Solana’s price action suggests a potential rise to $136 if it breaks $134 resistance.
Cardano might hit $0.335 if it breaks $0.328, or fall to $0.310 if it does not.
Bitcoin, Solana, Cardano, and Monero have been experiencing notable price movements over the past 24 hours, indicating both opportunities and risks for traders. Each cryptocurrency has shown signs of fluctuating trends, with key support and resistance levels playing a crucial role in their price directions.
Read also: Crypto Market in Red: Market Cap Drops 4% in 24 Hours
Bitcoin’s price stands at $56,982.72, up by 1.20% in the past day. Throughout this period, the price has traded within a range of $56.39K to $58.50K, suggesting moderate volatility. The $56.39K mark has acted as a reliable support level, providing a foundation for buyers to step in.
Source: Coinmarketcap
However, the $58.50K level represents strong resistance, where sellers have repeatedly applied pressure. If Bitcoin breaks through this level, it could head towards the psychological barrier of $60K. Conversely, a decline below the $56.…
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