– Bitcoin (BTC) has been range-bound in recent days.
– Market participants are gradually shifting focus to select altcoins.
– Bitcoin’s consolidation has pulled its market dominance to around 48%.
– Altcoin recovery remains dependent on Bitcoin’s strength.
## Bitcoin price analysis:
– Bitcoin has held above the 50-day moving average ($29,377).
– The price has not yet risen above the 20-day moving average ($29,670).
– Immediate support is at $28,861, and a break below may keep the price range-bound.
– Bulls need to push the price above the 20-day moving average to signal a new uptrend.
– Resistance is seen at $31,000 and $32,400.
## Dogecoin price analysis:
– Dogecoin is facing resistance above $0.08.
– Bulls have not given up much ground and sentiment remains positive.
– Bullish scenario: Price breaks above intraday high, may rise to $0.10 and $0.11.
– Bearish scenario: Price drops below 20-day moving average, may slide to $0.07.
## Maker price analysis:
– Maker has finally cleared the overhead resistance at $1,200.
– The price may retest the breakout level at $1,200 before starting a new uptrend.
– Bullish scenario: Price turns up from $1,200, may rise to $1,600 and $1,900.
– Bearish scenario: Price sinks below $1,200, may drop to 20-day moving average.
## Optimism price analysis:
– Optimism is showing signs of starting a new uptrend.
– Bulls have the upper hand with a turning 20-day moving average and positive RSI.
– Resistance is at $1.66, and a break above may lead to $1.88 and $2.
– Bearish scenario: Price turns down from $1.66, may drop to 20-day moving average.
## XDC Network price analysis:
– XDC Network has seen a strong uptrend.
– The price may correct to the 38.2% Fibonacci retracement level at $0.05.
– A bounce from this zone will suggest bullish sentiment.
– Bullish scenario: Price resumes uptrend, potentially reaching $0.10.
– Bearish scenario: Price breaks below 20-day moving average, negating positive view.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.