Market Overview and Key Analysis
The cryptocurrency market is showing a general downturn with significant declines across major assets:
1. $BNB : $691.04 (-4.14%)
Support: $675
Resistance: $710
Short-term bearish, consider entries closer to $675 support.
2. $BTC : $100,475.37 (-5.62%)
Support: $98,500
Resistance: $103,000
A pullback may offer a better entry point if $98,500 holds.
3. ETH: $3,627.80 (-6.75%)
Support: $3,550
Resistance: $3,750
Weak momentum; further selling pressure possible.
4. DOGE: $0.35726 (-9.70%)
Support: $0.3450
Resistance: $0.3800
High volatility; wait for confirmation near $0.3450.
5. XRP: $2.3129 (-10.30%)
Support: $2.200
Resistance: $2.450
Expect potential recovery around $2.200.
6. SOL: $205.54 (-7.90%)
Support: $200
Resistance: $215
Watch for reactions near $200; possible bounce zone.
Market Sentiment:
The market is experiencing a correction likely fueled by broader macroeconomic factors or profit-taking.
Caution: Avoid high leverage, and focus on support zones for potential rebounds.
Disclaimer: Always manage risk and conduct independent analysis before trading.
