Bitcoin is consolidating below the critical $110,500 resistance level as bulls successfully defend support above the 20-day Exponential Moving Average positioned at $107,211. This technical tug-of-war coincides with fresh institutional interest, evidenced by approximately $790 million flowing into Bitcoin exchange-traded products last week.
Altcoins show notable breakout potential, with XRP sustaining momentum above its 20-day EMA of $2.20. Technical indicators suggest possible resistance breaks at $2.34 and $2.65 could propel it toward the $3.00 psychological threshold. Simultaneously, Ether trades within a tightening range between $2,323 and $2,738, with investors eyeing a decisive close above $2,635 to invalidate resistance and target the $2,879 price zone.
Broader market sentiment remains cautiously optimistic as traditional indicators hint at external influence. The sustained uptrend in the S&P 500 and the US Dollar Index testing resistance near 97.92 may catalyze directional moves across digital assets. Altcoins including Binance Coin, Solana, Dogecoin and Cardano display resilient technical structures, though Hyperliquid struggles near the $41.23 resistance barrier—a breakdown below its 50-day SMA at $36.60 would reinforce bearish pressure.