Key Insights:

  • The crypto market shows signs of recovery with a 3.33% increase, and Bitcoin is back above $57,000.

  • Despite the overall rise, liquidations remain severe, with little difference between bullish and bearish liquidations.

  • Bitcoin might be poised for a rebound with possible resistance at $58,550 and $59,700.

  • Ethereum could reach $3,350 if it holds above $2,800.

  • Celestia and Sei are top performers with potential for further upside but face important resistance levels.

The crypto market has improved over the last 24 hours, with a 3.33% increase in total market cap and Bitcoin trading above $57,000. The crypto heatmap shows marketwide green, with Ethereum above $3,000 and Solana retaking $140.

Crypto Market Overview

The bulls are exerting upward pressure, though Coinglass data indicates severe liquidations with almost equal losses for both bulls and bears, suggesting the bulls haven't fully retaken control.

Crypto Liquidation Heatmap

In the last 24 hours, the market lost around $247 million to liquidations, with bulls losing $111 million and bears losing $135 million. Investors should remain cautious of potential downward reversals as the market stabilizes.

Bitcoin's Potential Rebound

Bitcoin is showing signs of a rebound from the base of its descending channel. Resistance levels to watch are $58,550 and $59,700. A sustained break above these levels could signal a rally to $63,800-$64,345.

Ethereum's Performance

Ethereum has maintained support above $2,800, avoiding further correction. It could rise to the next resistance at $3,350 or higher, provided it doesn't break below $2,800.

Celestia's Upside Potential

Celestia is among the top performers with a 16.3% intra-day increase. Although bearish in the medium term, it shows short-term upward potential, possibly retesting the $8 level if bullish momentum continues.

Sei's Potential Move

Sei, trading in a descending channel, has held above $0.225 support. A break above $0.339 could lead to a price surge up to $0.41. Failure to break this level may present a shorting opportunity, potentially leading down to $0.0941.

Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information but will not be responsible for any missing facts or inaccuracies. Cryptocurrencies are highly volatile financial assets; please conduct your own research and make informed financial decisions.

Meta Description:
The crypto market rebounds with Bitcoin breaking above $57,000. Ethereum and other altcoins show promise, but liquidation data suggests caution. Insights for Bitcoin, Ethereum, Celestia, and Sei.


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