Crypto Market Update: Key Insights and Levels to Watch ( Support & Resistance )
📉 $BTC (Bitcoin)
Bitcoin is currently trading at $96,048.00, reflecting a -3.04% decrease. Despite the dip, optimism surrounds potential regulatory changes that could influence its trajectory.
Key levels to monitor:
Support: $95,000 , $90,000.
Resistance: $100,000 (initial), $105,000
$ETH (Ethereum):Ethereum’s price has dropped to $3,325.59, marking a -5.61% decline. However, progress in layer-2 scaling solutions and anticipation of Ethereum ETF approvals keep sentiment positive. Key levels:Support: $3,400, $3,200
Resistance: $3,800 (initial), $4,000
$XRP (Ripple):
XRP has seen a -5.43% decrease, trading at $2.2308. Institutional interest and regulatory clarity remain its driving forces. Key levels:Support: $2.00 (primary), $1.80 (secondary).Resistance: $2.60 (initial), $3.00 (potential breakout).
$PEPE (Pepe Coin):
PEPE is slightly up by +0.06%, trading at $0.00001733. As a meme coin, its value heavily relies on market sentiment and community engagement.
Key levels:
Support: $0.000015, $0.000010
Resistance: $0.000030 (initial), $0.000035
$BGB (Bitget Token):BGB id trading at $4.20, reflects a -4.30% drops after a massive pump to 5$ from 1$ in last week. BGB remains essential within the Bitget ecosystem, offering trading fee discounts and token launch access. Its performance aligns with the platform's overall growth.
Support: $3.82, $3.20 Resistance: $4.90, $5.20-$5.50
$SOL (Solana):Solana is trading at $183.95, reflecting a -7.54% drop. Its robust blockchain capabilities in DeFi and NFT sectors provide resilience. Key levels:Support: $200 (primary), $180 (secondary).Resistance: $220 (initial), $250-$280 (breakout potential).
$SUI (Sui)Sui is trading at $4.52, reflecting a -1.54% drop. Sui continues to maintain stability, focusing on scalability and efficiency in blockchain technology. Key levels:Support: $3.62 (primary), $3.20 .Resistance: $4.95 (initial), $5.25 (upper target).
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