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Will the market continue to rise? And where are the key resistance levels?
Yes, there is a strong possibility that the market will continue in a bullish state, provided that there are no major economic or regulatory shocks. But it doesn't rise forever — there are important resistances we need to see how the price will behave at.
Key resistance levels followed by:
Bitcoin (BTC):
Immediate resistance: approximately between $115,000 to $117,000 as a pivot zone (Pivot Zone).
Greater resistance: the area of $120,000 to $124,500. If it surpasses this resistance, the market may open up room for higher levels.
Ethereum (ETH):
Important support: approximately $4,200 to $4,300 potential rebound or stabilization area.
Nearby resistance: $4,500 is the level that if strongly broken could push ETH towards higher resistances.
If it retreats, the strongest support may be around ~$3,500-$3,800.
Solana (SOL):
Resistance at ~$200 the same psychological and technical point.
Higher levels possible: at ~$213-$220 (current small range peak).
Strong support: ~$180-190, and stronger below at ~$160-165.
If the market continues to maintain the buying momentum, and breakthroughs above these resistance levels are achieved, we may see a new rise. However, there are chances of a correction if these currencies cannot break through these resistances or if selling pressure or negative news occurs.
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