Crypto Market Sentiment Improves But Faces Key Resistance Levels
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Bitcoin price rebounded last week but has struggled to break above $35K resistance. Select altcoins like ATOM, UNI, NEAR and AXS are showing signs of recovery.
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Cosmos could rally to $8.91 if bulls can sustain price above $7.60 support. Uniswap facing resistance at $5 but holding above 20-day EMA.
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Near Protocol surged past $1.63 resistance, indicating potential move to $2. Axie Infinity recovering but bears defending $6 level.
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Bullish sentiment returning to crypto market, but key resistances need to break for sustained altcoin rallies. Bitcoin rangebound action could precede eventual breakout.
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Technical analysis shows key support and resistance levels for major cryptocurrencies to monitor price action and trends.