Coinbry

  • Market Cap: $2,668,284,045,473.10
  • 24h Vol: $87,169,715,802.25
  • BTC Dominance: 49.87%
Could SOL, LDO, ICP, and VET potentially expand their ranges following Bitcoin's signals?

Could SOL, LDO, ICP, and VET potentially expand their ranges following Bitcoin’s signals?

Bitcoin Holds Above $26,500 as Traders Eye Altcoins SOL, LDO, ICP, and VET

– Bitcoin is maintaining its position above $26,500, while gold experiences a significant rally of over 5%.

– Bitcoin’s weakness and regulatory concerns have kept crypto investors away from altcoins, resulting in Bitcoin’s market dominance remaining around 50%.

– Market observers are closely watching Bitcoin, with the possibility of a bullish move leading to increased buying in select altcoins.

– Solana (SOL) is battling between bulls and bears near the 20-day EMA, with a potential rise to the neckline of an inverse head and shoulders pattern if resistance is overcome.

– Lido DAO (LDO) is trading near moving averages, indicating a possible comeback by the bulls if resistance at $1.73 is surpassed.

– Internet Computer (ICP) has been consolidating between $2.86 and $3.35, with a potential trend change if resistance is broken at $3.35.

– VeChain (VET) is trading within a descending triangle, but the price is clinging to the downtrend line, suggesting a reduction in bearish pressure.

Summary:

– Bitcoin remains above $26,500, while gold sees a significant rally.

– Altcoins have been affected by Bitcoin’s weakness and regulatory concerns.

– Solana, Lido DAO, Internet Computer, and VeChain show potential for bullish moves.

– Resistance levels and key support levels are identified for each altcoin.

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