Bitcoin Price Analysis
Bitcoin (BTC) faced profit-booking near $100,000, pulling its price back to the uptrend line. Despite inflows of $3.38 billion into U.S. spot Bitcoin ETFs and MicroStrategy’s massive purchase of 55,000 BTC, the $100,000 resistance remains unbroken.
- Key Support: $89,213 (20-day EMA), $85,000
- Key Resistance: $100,000, $113,331, $125,000
A break above $100,000 could push the price higher, while a decline below the uptrend line may lead to deeper corrections.
S&P 500 Index Price Analysis
The S&P 500 Index (SPX) reached a new all-time high at 6,021 but faced resistance. Buyers may target 6,221 and 6,500 if the uptrend continues.
- Key Support: 5,906 (20-day EMA), 5,817 (50-day SMA)
- Key Resistance: 6,021, 6,500
US Dollar Index Price Analysis
The US Dollar Index (DXY) turned down from the 108 resistance level but maintains support at 105 (20-day EMA). Bulls will need to drive the price above 108 to target 114.
- Key Support: 105 (20-day EMA), 100
- Key Resistance: 108, 114
Ethereum Price Analysis
Ethereum (ETH) rebounded after buyers defended the $3,141 (20-day EMA) support. A breakout above the downtrend line could target $3,900 and $4,094.
- Key Support: $3,141 (20-day EMA), $2,850
- Key Resistance: $3,900, $4,094
Solana Price Analysis
Solana (SOL) found support at $225 (20-day EMA). A rebound could target $265 and $304, while a breakdown may lead to $210.
- Key Support: $225 (20-day EMA), $210
- Key Resistance: $265, $304
BNB Price Analysis
BNB struggles near $667, indicating weak demand. Bulls aim for $722, while bears target the uptrend line for a deeper correction.
- Key Support: $622 (20-day EMA)
- Key Resistance: $667, $722, $810
XRP Price Analysis
XRP faces volatile trading. A breakout above $1.63 could target $1.97, while a drop below $1.27 might lead to $1.05.
- Key Support: $1.27, $1.05 (20-day EMA)
- Key Resistance: $1.63, $1.97
Dogecoin Price Analysis
Dogecoin (DOGE) aims to break above $0.44 to target $0.50 and $0.59. A decline below $0.34 could lead to $0.30.
- Key Support: $0.34 (20-day EMA), $0.30
- Key Resistance: $0.44, $0.50, $0.59
Cardano Price Analysis
Cardano (ADA) consolidates between $0.92 and $1.15. A breakout above $1.15 could target $1.25 and $1.64.
- Key Support: $0.92, $0.86
- Key Resistance: $1.15, $1.25, $1.64
Avalanche Price Analysis
Avalanche (AVAX) targets $51 and $60 after rebounding off the $35.39 (20-day EMA) support. A decline below this level may lead to $29.75.
- Key Support: $35.39 (20-day EMA), $29.75
- Key Resistance: $45.27, $51, $60
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