The cryptocurrency market is displaying signs of momentum as leading cryptocurrencies like Bitcoin, Ethereum, and Solana experience incremental price increases. The overall market valuation reflects this upward trend, with the total crypto market capitalization now at $2.75 trillion, up by 1.3% over the last 24 hours.
Despite this growth, trading volumes have dipped slightly, with a decrease of over $10 billion, settling below the $80 billion mark observed yesterday.
Performance of Major Cryptocurrencies:
Bitcoin (BTC)
Bitcoin seems to be gearing up for a potential rally after a period of consolidation. The flagship cryptocurrency is trading at approximately $70,887, marking a 2.6% increase since yesterday.
This follows a short retreat from a 24-hour peak of $71,000. However, the path ahead is challenging, with a significant resistance level at $71,600. Surpassing this barrier could signal the start of a major ascent, possibly retesting its March high of over $73,000.
Ethereum (ETH)
Ethereum is closely mirroring Bitcoin’s movements. After consolidating below $3,800, it has climbed to $3,827, a 1.4% increase in the past day. Like Bitcoin, Ethereum faces hurdles ahead, with critical resistance levels to overcome before any significant bullish momentum can be confirmed.
Solana (SOL
Solana continues to impress, with a price surge to $168, an increase of 3.2% in the past 24 hours and 0.7% over the past week.
The cryptocurrency has been navigating through a complex market structure, hinting at a potential for further gains if it can sustain its current momentum and breach the $171 mark.
DUSK
DUSK, although smaller in market cap, has shown remarkable growth, up over 10% in the last 24 hours to $0.4654. This surge is attributed to strong demand at key levels on the chart, indicating a robust market response.
COTI
Meanwhile, COTI has risen to $0.1459, becoming the top performer in this review with a 6.9% increase on the day and a total of 7.6% over the week. Like its counterparts, COTI must navigate upcoming resistance levels to maintain its upward trajectory.
