Bitcoin and alternative cryptocurrencies (altcoins) are demonstrating resilience despite ongoing market uncertainty. Bitcoin recently tested the $103,000 support level before rebounding to near $106,000, indicating persistent buyer interest amid geopolitical tensions.
Technical analysis suggests Bitcoin may enter a consolidation phase, with the 50-day simple moving average (SMA) and the $100,000 support level serving as critical indicators for future price direction.
Major altcoins exhibit mixed recovery signals. Ether (ETH), XRP, and Binance Coin (BNB) show divergent responses, with some defending key support levels while others face sustained selling pressure.
Emerging tokens like Hyperliquid (HYPE) and Sui (SUI) reflect cautious investor sentiment through varied performance. These assets are testing key resistance levels that could determine their near-term trajectories.
Market participants are advised to monitor critical support and resistance thresholds, implement robust risk management strategies, and stay informed about macroeconomic developments to navigate current volatility.