🚨 Crypto Price Analysis – Weekly 🚨
Bitcoin faces a key resistance at $65,000, with many altcoins facing similar challenges at major levels. However, potential breakout signs are emerging across the top cryptocurrencies. Here's a breakdown of the action:
Bitcoin (BTC):
🔹 Resistance: $65,000.
🔹 Positive Signal: Puell Multiple in "green" zone, hinting at potential rally.
🔹 Target: Breakout could send BTC to $70,000+.
Ethereum (ETH):
🔹 Resistance: $2,850.
🔹 Support: Moving averages; a break below signals indecision.
🔹 Target: Bulls aiming for $3,400 on a breakout.
Binance Coin (BNB):
🔹 Resistance: $635, bears actively defending.
🔹 Support: 20-day EMA at $563.
🔹 Range: Risk of sideways trading between $460–$635.
Solana (SOL):
🔹 Resistance: $164, key hurdle for bulls.
🔹 Support: Moving averages, consolidation likely between $116–$164.
XRP:
🔹 Resistance: $0.60.
🔹 Support: Uptrend line.
🔹 Risk: Potential drop to $0.50 if bears take control.
Dogecoin (DOGE):
🔹 Resistance: $0.12.
🔹 Target: Breakout could hit $0.14.
🔹 Support: A drop below $0.10 may lead to $0.09.
Toncoin (TON):
🔹 Range: Tight between $5.56 and $5.76.
🔹 Breakout: Could trigger move to $7.
Cardano (ADA):
🔹 Breakout: Above downtrend line, bullish potential to $0.40–$0.45.
🔹 Support: A drop below moving averages would invalidate bullish trend.
Avalanche (AVAX):
🔹 Resistance: $29.
🔹 Target: Breakout could rally to $33, and higher to $42.
Shiba Inu (SHIB):
🔹 Resistance: $0.000016.
🔹 Target: Potential rally to $0.000020 if bulls push through.
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