- Bitcoin’s strong trading volume suggests continued bullish momentum and upward potential.
- Solana’s breakout above $265 could lead to a rally toward $275 or $300.
- Ethereum’s trading volume surge indicates strong interest, with $3,450 as key resistance.
In recent days, Bitcoin (BTC), Solana (SOL), Sui (SUI), and Ethereum (ETH) have shown notable price movements, signaling a bullish trend in the cryptocurrency market. These coins have demonstrated strength across key metrics such as trading volume, market cap, and price trends.
Bitcoin Bullish Momentum with Key Levels to Watch
Bitcoin’s price has been steadily rising, currently trading at $105,274.97, reflecting a 2.93% increase in the last 24 hours. The substantial rise in trading volume, up by 64.17%, suggests increasing interest in Bitcoin. With a market cap of $2.08 trillion, Bitcoin continues to dominate the market.
The immediate support level is at $102,000, with a psychological barrier at $100,000. If Bitcoin maintains above these levels, further upward movement towards $106,000 could be expected. However, breaking below $102,000 might trigger a pullback to $100,000 or lower.
Solana Testing New Heights
Solana’s price has climbed to $262.89, up 5.92% in the past 24 hours, reflecting positive sentiment. A market cap of $127.9 billion further indicates strong market interest in Solana.
Key support levels for Solana are at $250, $240, and $230. A breakout above $265 could open the door to a rally toward $275, with potential for $300 if the upward momentum continues. However, should the price dip below $250, Solana could retrace to $240 or even $230.
Sui Consolidation with a Breakout Potential
Sui (SUI) is seeing a mild increase, trading at $4.41, up 0.46% in the past 24 hours. Despite moderate activity, the increase in trading volume by 62.21% suggests potential accumulation at current levels.
Support levels for Sui are found at $4.35, $4.25, and $4.10. On the resistance side, $4.45, $4.50, and $4.60 are key levels to watch. A breakout above $4.45 could lead to a rally toward $4.60. However, a failure to maintain the support at $4.35 could see the price drop to $4.25 or $4.10.
Ethereum Strong Bullish Sentiment
Ethereum is currently priced at $3,404.54, up 5.72%, with a market cap of $410.26 billion. The increase in trading volume by 62.61% shows that traders are increasingly interested in Ethereum.
Immediate support levels for Ethereum are at $3,350, $3,300, and $3,200. If Ethereum breaks above the $3,450 resistance level, it could target $3,500 and possibly $3,600. However, should Ethereum fail to maintain support at $3,350, a pullback to $3,300 or lower may occur.
