$BTC , #ETH , $DOGE , $XRP , and #SOL Experience a Bearish Pullback
The cryptocurrency market has entered a correction phase, with notable declines across major coins. Bitcoin (BTC) is showing resilience with a modest decline of -1.56%, trading at $96,994.94, as it remains above critical psychological support near $96,000. Despite the dip, BTC's consolidation suggests potential for a rebound if buying momentum resumes. Ethereum (ETH), however, has faced a sharper pullback, dropping -4.44% to $3,307.36, testing key support levels. ETH traders should closely monitor the $3,250 zone, as a breakdown here could trigger further declines, potentially testing $3,100.
Memecoins and altcoins have been hit harder, with Dogecoin (DOGE) plunging -11.67%, now trading at $0.4128. DOGE's sharp decline reflects heightened selling pressure, and support at $0.4000 will be critical for any recovery. Ripple (XRP) has been one of the biggest losers, dropping -12.57% to $1.3608. XRP has broken below key support, and further downside could see it testing $1.3000 if bearish sentiment persists. Solana (SOL) has also seen a notable decline, down -5.48%, trading at $246.10, as it edges closer to the $240 support level. Traders should watch for a potential bounce in these coins, but caution is warranted as the market navigates heightened volatility and bearish sentiment. Risk management remains paramount.
