🚨 MARKET UNDER PRESSURE: MAJOR COINS TEST CRUCIAL LEVELS! 🚨
The cryptocurrency market is experiencing notable downward pressure, with Bitcoin (BTC) retreating to $93,736, down 1.29%, as it struggles to hold critical support near the $95K psychological level. With a market cap of $1.85T, BTC remains the cornerstone of the market, but declining volumes suggest cautious sentiment among traders. A failure to reclaim $95,000 could see BTC testing lower levels in the near term, potentially targeting $90,000 as bears gain control.
Ethereum (ETH) is facing sharper declines, dropping 3.20% to $3,326.2, with its market cap shrinking to $399.83B. ETH has lost its grip on the $3,400 support and is now flirting with a potential retest of the $3,200 level. This decline may signal broader bearish sentiment across altcoins, especially as Solana (SOL) and Binance Coin (BNB) have also seen steep drops. SOL has slipped 3.37% to $231.37, threatening its bullish structure, while BNB's drop to $617.96, down 3.63%, highlights the selling momentum.
Meanwhile, XRP is holding at $1.39, a 2.58% decrease, but its resilience around the $1.35-$1.40 zone could serve as a key pivot point. Stablecoin USDT remains unchanged at $1, providing stability in the midst of these sharp market corrections. With hot coins like BTC, ETH, and BNB testing critical support levels, traders should brace for potential volatility as the market eyes its next decisive move. Keep an eye on these levels as the battle between bulls and bears heats up!
