Crypto Price Analysis: BTC, ETH, SOL, DOT, TRX, DOGE, WIF, ATOM 📊
Bitcoin (#BTC) 🚀:
Bitcoin (BTC) rose over 4% in the last 24 hours, bouncing back after finding support between $63,000 and $63,500 🌈. Despite significant selling pressure dropping it to $63,479, BTC rebounded from the 50-day SMA, reclaiming the $65,000 level 💪. Asset manager VanEck predicts BTC could hit $2.9 million by 2050, driven by economic imbalances and distrust in financial institutions 🔮.
Ethereum (ETH) 🤯
Ethereum (ETH) experienced a sharp decline, falling over 9% in 48 hours 📉. The drop was influenced by a decrease in spot Ethereum ETF volumes 📊. ETH found some recovery, settling near $3,175, but continues to face significant selling pressure 💔. Buyers aim to reclaim the $3,300 level for further recovery 🔝.
Solana (SOL) 🔍
Solana (SOL) showed a descending wedge pattern, typically preceding a volatility spike 🚀. SOL has struggled to break the $185 resistance, falling to $165 before rebounding slightly to $177 🔁. A push above $185 could see SOL surge to $200 🔝.
Polkadot (#DOT) 🔄:
Polkadot (DOT) paused its bearish trend with buyers regaining some control 🔄. After falling below $6 due to strong bearish sentiment, DOT attempts to reclaim this level, with potential to rise to $6.50 if successful 🔝.
Tron (TRX) 🌟:
Tron (TRX) saw positive movement, defying broader market trends 🌈. Despite attempts by sellers to push TRX below $0.130, strong buying support kept it above $0.136 💪. TRX is poised to test resistance at $0.140 🔝.
Dogecoin (#DOGE) 🐶:
Dogecoin (DOGE) nears a weekly golden cross, which could trigger a significant price surge 🔮. Despite spending most of the week in the red, DOGE saw a 4% increase during the current session, aiming to push above $0.130 🔝.
Dogwifhat (#WIF) 🐕:
Dogwifhat (WIF) held above the crucial $2.50 support level amidst bearish pressure 💪. After dropping to $2.32, WIF rebounded to $2.51 🔁. If consolidation above $2.50 continues, WIF may retest the $3 resistance 🔝.
Cosmos (ATOM) 🌠:
Cosmos (ATOM) struggled to stay above $6.50, falling to $5.70 before rebounding slightly 🔁. Currently up 3.66%, buyers are targeting a retest of the $6.50 resistance 🔝.
Disclaimer:This article is for informational purposes only and not intended as legal, tax, investment, financial, or other advice 📝.