Bitcoin and Ethereum Bounce Back As Solana, Cardano, Avalanche Eye Further Gains
-
Bitcoin price saw a shallow pullback this week but remains in an uptrend; data shows investors are holding onto their BTC purchased recently in anticipation of higher prices.
-
Ether price bounced off support level at $2,200, indicating buyers are attempting to flip it into support; a close above $2,500 could set the stage for a rally to $3,400.
-
Solana broke out above its 52-week high at $68, invalidating a bearish pattern; this could kickstart a move toward the psychologically important $100 level next.
-
Cardano continues its strong run after breaking out above $0.40 resistance recently; next target on the upside is the $0.70 level.
-
Avalanche faced resistance near $28 but bulls have held ground; a break above $31 could see price surge to test the next overhead resistance at $34.