In recent weeks, the cryptocurrency market remains volatile, with investors focusing on key price levels for major assets like Bitcoin, XRP, Pi Network, and Solana.
Bitcoin (BTC) Price Analysis
Bitcoin has recently shown a decline, driven by increased asset sales. Currently, BTC faces challenges in breaking the 200-day moving average resistance after reaching a local low of $76,600. If the $76,000 support level is defended, buyers may push the price towards the 20-day moving average of $87,735.
Ripple (XRP) Market Overview
XRP's price continues to decline within a descending triangle, indicating seller advantage. If the $2 support level fails to hold, the price may drop to $1.62. Conversely, a bullish reversal towards $2.35 is likely, presenting opportunities to break the triangle's upper boundary.
Pi Network (PI) and Solana (SOL) Trends
Pi Network has shown strength, breaking above the symmetrical triangle's upper boundary, rising from a low of $1.23. Investors anticipate further growth towards $2 with favorable global market sentiment. Meanwhile, Solana faces pressures in the $110-120 support zone, making its overcoming essential for a return to an upward trend.
The cryptocurrency market continues to show volatility, and investors are monitoring support and resistance levels for decision making. In the long term, cryptocurrencies remain attractive to many market players.
