Bitcoin (BTC) has shown strong resilience by holding above the critical $100,000 support level, confirming buyers' commitment to the longer-term bullish trend. Despite a recent dip below $100,000, aggressive buying prevented deeper losses, with institutional inflows reaching $1.1 billion into Bitcoin exchange-traded products (ETPs), indicating sustained investor confidence. Key market voices such as BitMEX founder Arthur Hayes emphasize Bitcoin’s role as a safe haven during geopolitical tensions.
Altcoins, including Ethereum (ETH), XRP, Binance Coin (BNB), Solana (SOL), Dogecoin (DOGE), and Cardano (ADA), have exhibited mixed performance with signs of weakness. Several altcoins have broken below their respective support levels, raising concerns about further short-term declines, particularly for mid-cap coins.
Ethereum rebounded off a $2,111 support but faces resistance near $2,323; failure to surpass this could lead to a decline toward $1,754. XRP bounced from just below $2 but confronts selling pressure at the 20-day EMA of $2.15, with a potential drop to $1.61 if bearish momentum continues. BNB’s breach below $634 signals bearish dominance, potentially retracing toward $580 unless buyers reclaim critical resistance.
Solana declined below $140 and tested support near $123, with recovery efforts likely to meet resistance up to the 20-day EMA at $147. Dogecoin continues oscillation between $0.14 and $0.26, facing tough resistance at the 20-day EMA near $0.17, with risk of falling to $0.10 if bearish pressure persists. Cardano is near the crucial $0.50 support; a breakdown could accelerate losses to $0.40.
Hyperliquid (HYPE), a smaller altcoin, showed strong buying interest around the 50-day SMA at $32.63 but needs to surpass the 20-day EMA of $36.74 to sustain upward momentum.
Meanwhile, in the broader market, the S&P 500 index is experiencing selling pressure but buyers remain steadfast at key moving averages, and the US Dollar Index (DXY) shows potential for gains if it breaks above critical resistance levels.
This environment reflects a crypto market where Bitcoin consolidates its leadership amid geopolitical and macroeconomic uncertainties, while altcoins and meme coins show a vulnerable near-term outlook.
