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· Key Support Levels: The $30–$32 range is a crucial defense zone that analysts are watching as a support level.
· Immediate Target: If the support holds, the first major target for the bulls is the $42 resistance zone.
· Broader Outlook & Momentum: Some analyses had previously pointed to higher targets like $52.77, but that would likely require a breakout above $42 first. The market is currently regaining bullish momentum after the recent dip.
📌 Summary of Key Scenarios for the Coming Week
· Bullish: Holds above $32.40 → Potential rebound to $42.
· Bearish: Falls below $30 → Risk of extended correction.
· Key Triggers: Institutional buying activity and overall crypto market sentiment.