Talk about several mainstream coins
First, let's discuss the market's critical battle tonight. Bitcoin (BTC) has significant selling pressure, and there is a gap below 98-88 that may be filled, while the pressure above at 105 is very strong. Additionally, with the largest options expiration happening, there will be a lot of volatility tonight. It is not recommended to make trades and instead observe to preserve your capital.
Solana (SOL) has strong support at 135-140; if it breaks, watch for 125.
XRP is currently at a demand zone, with 2250 being the bottom line, which is where most whales buy in. It will be tough to break above this level.
SUI is approaching a double bottom, with a risk of dropping towards 0.5. ENA and others are in a similar situation; only a reversal in the market can bring a turnaround.
Dogecoin (DOGE) is strongly rejecting selling pressure from above, fortunately, it hasn’t dropped significantly.
Currently, mainstream coins are following the market; those who are dead are dead, and those who are injured are shorting and profiting. Initially, the expectation was for a trend change today, but it has turned into a major bearish week. When will the bulls be able to raise their heads? We'll have to see tonight.
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