Bitcoin is currently testing a crucial support level around $110,530 while altcoins exhibit accelerating bullish momentum, setting the stage for a potential market rotation away from the dominant cryptocurrency. Market analysts observe fading Bitcoin dominance—now at 61%—as signals emerge for an ongoing altcoin season taking shape.
Bitcoin faces resistance near $123,218 according to technical indicators, with sustained progress above this barrier potentially testing the $135,729-$150,000 range. However, failure to hold the $110,530 support line risks triggering deeper corrections toward $100,000 as traders monitor key price thresholds.
Leading altcoins show significant technical strength despite challenges. BNB has completed a decisive breakout above $698, recently trading near $761 as bulls defend the $732 support level; a sustained hold here could propel the asset toward $794 resistance.
Stellar (XLM) confronts selling pressure at $0.51 while signaling overbought conditions. Its ability to maintain stability above $0.43 support appears crucial for continued momentum, though vulnerability remains with breakdown risks toward $0.36 if support fails.
Litecoin (LTC) contends with weekly resistance near $107 following consolidation. Its trajectory appears tied to whether the price sustains above the rising 20-day exponential moving average at $93—holding this level establishes upside potential, while breakdowns may signal profit-taking accelerations.
Ethereum Classic (ETC) demonstrates notable strength with sustained positions above its $21.70 breakout level. The token appears positioned to challenge the $27 resistance area barring support failures, though technical deterioration may initiate pullbacks toward $18.50 support.
This conditional technical landscape underscores a broadening market focus beyond Bitcoin, with critical support holds and successful resistance breaks determining near-term price trajectories across major altcoin assets amidst shifting capital allocation.