Summary:
The article discusses the price analysis of various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Solana (SOL), Cardano (ADA), Dogecoin (DOGE), Polygon (MATIC), Chainlink (LINK), and TON Crystal (TON). The author notes that Bitcoin and select altcoins are showing strength, indicating a possible resumption of the bull trend.
Bitcoin (BTC):
The article highlights that Bitcoin’s price is currently above the $61,825 resistance level, indicating a strong trend. However, there is an obstacle at the $63,386 level, which needs to be cleared for further gains. If Bitcoin manages to break through, it could target the $66,000 and $69,279 levels.
Ethereum (ETH):
In terms of Ethereum, the article states that the cryptocurrency is in a bullish trend. ETH has successfully broken through the $4,873 resistance level and could soon reach the next target of $5,529. However, a minor correction could occur before the upward movement continues.
Altcoins:
The article discusses several altcoins and their price movements. Here are the key points:
Binance Coin (BNB):
BNB has surpassed the $640 resistance level and could aim for the next target at $688. A break above this level could open the doors for a move towards $762.
Ripple (XRP):
XRP is in a positive trend after breaking through the $1.17 resistance level. If it manages to clear the $1.30 barrier, it may rally towards $1.40 and $1.60.
Solana (SOL):
SOL has broken out of the $233 resistance level and is currently trading near $250. The next targets for SOL could be $275 and $300.
Cardano (ADA):
ADA has shown strength by moving above the $2.30 resistance level. The cryptocurrency could target $2.50 and $2.70 if it continues to gain momentum.
Dogecoin (DOGE):
DOGE has seen a minor correction but is holding above the $0.25 support level. If it bounces back, it could retest the $0.29 resistance level.
Polygon (MATIC):
MATIC has broken through the $2.42 resistance level and is currently consolidating gains. If it clears the $2.70 level, it could rally towards $3.00 and $3.20.
Chainlink (LINK):
LINK is showing strength after breaking through the $30.30 resistance level. The cryptocurrency could aim for $34.50 and $38.75 in the near term.
TON Crystal (TON):
TON has broken out of the $0.76 resistance level and is currently trading around $0.90. The next targets for TON could be $1.00 and $1.10.
In conclusion, the article suggests that Bitcoin and select altcoins are displaying positive price movements, indicating a potential resumption of the bull trend. While Bitcoin faces a resistance at $63,386, Ethereum has already broken through its resistance level and is eyeing further gains. The altcoins mentioned in the article have also shown strength, with BNB, XRP, SOL, ADA, DOGE, MATIC, LINK, and TON looking poised for upward movement. However, it is important to monitor market conditions and conduct thorough analysis before making any investment decisions.