Crypto bulls are attempting a comeback as Bitcoin tries to trade above $27,000, showing resilience in adverse conditions.
The delay of the spot Bitcoin exchange-traded fund (ETFs) by the SEC did not dent prices, indicating a longer-term view on Bitcoin.
Bitcoin’s price analysis suggests a bullish crossover of moving averages and positive RSI, with minor resistance at $27,500.
Ether’s price analysis shows a climb above moving averages, with a target objective of $1,961 if it overcomes resistance at $1,746.
BNB is trading inside a range but shows positive momentum, with a potential surge to $235 if it breaks resistance at $220.
XRP’s price analysis indicates a potential rally to $0.56 if it sustains above the triangle pattern.
Cardano’s price analysis suggests a sharp up-move if it breaks above the downtrend line, with targets at $0.29 and $0.32.
Dogecoin’s range has shrunk, increasing the prospect of a range expansion, with potential targets at $0.07 and $0.08.
Solana remains stuck inside a large range, with a relief rally possible if it breaks above the 50-day SMA at $20.44.
Toncoin rebounded off the 20-day EMA, with potential targets at $2.40 and $2.59 if it breaks resistance levels.
Polkadot’s range-bound action remains intact, with potential targets at the 50-day SMA at $4.32 and the downtrend line.
Polygon shows solid buying at lower levels, with potential targets at the 20-day EMA at $0.52 and resistance at $0.60.
Overall, the crypto market is showing signs of a potential revival as Bitcoin and altcoins attempt to climb above their respective resistance levels.