Following the delay in the Bitcoin ETF decision, Bitcoin’s price has been consolidating in a tight range, making it difficult to predict the direction of a breakout. However, traders should be prepared for a trending move soon. Ethereum has also been trading within a range, with uncertainty between the bulls and bears. Binance Coin has faced resistance at the triangle’s resistance line, potentially leading to a drop to the support line. XRP turned down from the 20-day EMA, indicating bearish pressure. Dogecoin continues to trade within an ascending channel pattern, but struggles to overcome the downtrend line. Cardano’s recovery attempt was halted at the 20-day EMA, suggesting ongoing bearish sentiment. Solana remains range-bound between $26 and $22.30. Polygon failed to break above the 50-day SMA, but bulls are holding their positions. Litecoin is struggling to bounce off strong support, indicating a lack of demand. Polkadot has been trading near the $5 level, with bears having a slight edge. Overall, the market remains uncertain and traders should be cautious.
