Bitcoin’s attempt to recover from last week’s sharp correction is facing skepticism from analysts. Several market observers warn that the cryptocurrency may need to retest the $60,000 support level before establishing a sustainable uptrend. Technical indicators and historical patterns suggest the current bounce could be a temporary relief rally, with key levels at $68,000 and $71,000 now acting as critical battlegrounds for the asset’s near-term direction.
about Bitcoin's Recovery Stalls: Analysts Warn of $60K RetestCrypto Bullet
1 posts last weekBitcoin Tests Critical Support Amid 10% Weekly Drop
Bitcoin has erased its 2026 gains, plunging to a three-week low of $87,263 as it battles to hold a crucial support level. A 10% weekly retracement, fueled by geopolitical tensions and technical breakdowns, has shifted market momentum firmly into bearish territory. Analysts warn that failure to defend current levels could trigger a sharp decline toward the $78,000-$80,000 zone, with some drawing ominous parallels to previous major market corrections.
about Bitcoin Tests Critical Support Amid 10% Weekly DropBitcoin Tests $100K Support as Analysts Warn of Make-or-Break Moment
Bitcoin is facing its most critical technical test in months as the cryptocurrency struggles to hold the $100,000 support level following a 9% weekly decline. With the flagship digital asset breaking below key moving averages and testing psychological barriers, analysts are divided on whether this represents a buying opportunity or signals further downside risk toward $90,000. The outcome of this support test could determine Bitcoin’s trajectory for the remainder of 2024.
about Bitcoin Tests $100K Support as Analysts Warn of Make-or-Break MomentSolana Faces 75% Crash Risk as Analysts Warn of Bearish Pattern
Solana’s price is testing crucial support levels as analysts warn of a potential 75% crash. While some remain optimistic about a rebound to $210, others predict a devastating corrective wave pattern could send SOL plummeting to $40, creating a critical juncture for the cryptocurrency that has declined 12.6% in daily trading to $182.
about Solana Faces 75% Crash Risk as Analysts Warn of Bearish PatternEthereum Eyes $3,800 Resistance Amid Rally and Pullback Risks
Ethereum (ETH) has surged nearly 70% in the past month, reclaiming the $3,000 level and testing the critical $3,800 resistance. Analysts highlight key levels: $3,835 as major resistance (where 2.82M addresses hold ETH) and $3,490 as strong support. While some predict a 10%-15% correction to $3,300-$3,400, others see parallels to ETH’s 2019-2020 breakout, forecasting a cycle top of $8,000-$10,000. Institutional interest and historical patterns suggest a potential repeat of 2017’s 5,000% rally. Currently trading at $3,698, ETH’s next move hinges on overcoming resistance or consolidating at support.
about Ethereum Eyes $3,800 Resistance Amid Rally and Pullback RisksBONK Surges 22% Weekly, Eyes $0.00003 Breakout
BONK (BONK) has solidified its bullish stance by converting a major resistance level into support, currently trading at $0.000028 with a 22% weekly gain. The breakout is backed by a 28% surge in trading volume ($550M) and rising open interest, indicating fresh capital inflow. While the RSI at 75.82 suggests strong momentum, it also hints at a possible short-term pullback. Grayscale’s addition of BONK to its monitoring list has amplified institutional interest, reinforcing the token’s upward trajectory. Traders are now eyeing the $0.00003 mark as the next target, with key support levels identified between $0.000025 and $0.0000267.
about BONK Surges 22% Weekly, Eyes $0.00003 BreakoutSUI Cryptocurrency Tests Key $3.00 Level Amid Rally Hopes
SUI has recently fallen below the $3.00 mark, hitting a two-month low of $2.68 before recovering. Analysts suggest the altcoin is forming a falling wedge pattern, targeting a potential breakout toward $5.00-$5.50. Key support at $2.80 is being retested, with a hold potentially leading to a reclaim of $3.00 and higher range highs. Conversely, a drop could see SUI revisit the $2.33 support level. The cryptocurrency’s consolidation pattern resembles its late 2024 behavior before its all-time high breakout, but recent weekly closes have been less consistent. SUI is currently trading at $2.79, down 3.3% on the day.
about SUI Cryptocurrency Tests Key $3.00 Level Amid Rally HopesEthereum Shows Signs of Recovery After Recent Price Drop
Ethereum experienced a significant drop, falling below $3,000 for the first time since November, hitting a low of $2,920. However, analysts remain optimistic, noting a potential reversal pattern and drawing parallels to its 2021 trajectory, suggesting a possible rally towards $7,000. Currently, ETH is trading at $3,230, reflecting a 3% daily increase.
about Ethereum Shows Signs of Recovery After Recent Price DropEthereum Shows Signs of Recovery Amid Analyst Optimism for Upcoming Rally
Ethereum (ETH) has rebounded from a recent drop, hitting a low of $2,920, but analysts remain optimistic about a potential rally this quarter. Key support levels are identified between $3,066 and $3,160, while resistance lies between $3,360 and $3,450. Historical patterns suggest a possible breakout, with some traders targeting a rise to $7,000.
about Ethereum Shows Signs of Recovery Amid Analyst Optimism for Upcoming Rally