The crypto market is showing some heavy volatility today, with a sea of red across major assets as they struggle to maintain their recent bullish momentum. Here is a breakdown of what’s happening with the top 4 coins.
1. Bitcoin ($BTC )
The king of crypto is currently hovering around the $92,827 mark, down slightly by 0.86%. Looking at the chart, it seems to be in a consolidation phase after failing to break back above the $98,000 resistance level. There’s a clear "double top" look to the recent price action, suggesting that traders are cautious. For now, it’s fighting to stay above the psychological $90,000 support floor to avoid a deeper correction.
2. Ethereum ($ETH )
Ethereum is taking a harder hit than Bitcoin today, sliding about 2.10% to trade at $3,213. It recently saw a nice rally toward $3,400, but that momentum has fizzled out, and the price is now testing the support levels established earlier in the week. If it can't hold the $3,200 range, we might see it dip back toward the $3,000 flat mark. Investors seem to be waiting for a fresh catalyst to push it back into the green.
3. Binance Coin ($BNB )
BNB is showing relative strength compared to the others, down only 0.62% and trading at $926.4. The chart shows a very aggressive vertical climb followed by a sharp "flush out" candle that liquidates some over-leveraged long positions. Despite the dip, the overall structure still looks quite bullish, as it’s holding well above its previous consolidation zone near $880. It’s currently in a "wait and see" mode alongside the broader Binance ecosystem.
4. XRP ($XRP)
XRP is experiencing the most dramatic price action of the group, currently priced at $1.96. After an incredible moonshot that saw it briefly touch the $2.40 range, it has entered a sharp correction phase, dropping over 1% in the short term but looking much more volatile on the daily scale. The massive "wick" at the top indicates a lot of profit-taking by early buyers. It’s now searching for a stable bottom, likely around the $1.85 to $1.90 area.
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