Bitcoin (BTC) Couldn't Break Its Recent High

Bitcoin (BTC) couldn't break its recent high, which means the market dip might not be over yet. Bitcoin dominance is also about to drop again

The crypto market is set for a crucial weekend as Bitcoin couldn't break its recent high, which means the market dip might not be over yet. Bitcoin dominance is also about to drop again and if it does, the market could see a big altcoin rally.

On Crypto Banter's The Sniper Trading Show, the analyst said that many altcoins are sitting at important price zones. Many of them are now at the same levels where Bitcoin previously struggled before its breakout. If they manage to push through, a strong rally could follow.

If the price of Ethereum drops below the key level of $2,320 then it might trigger a sharp dip. On the other hand, if it manages to clear the zone of $2,520 to $2,550 then it could build momentum for a rally.

Solana is currently testing an important support line, and if this level breaks, then the price could slide quickly. The immediate support is at $158, while the next major support lies near $150. To turn bullish again, Solana must break above $170 in the coming sessions.

Dogecoin is showing signs of a pullback after its recent surge. The important levels to monitor are $0.215 as support and $0.245 as resistance. A move above the resistance could open the door for a run toward $0.30.

ONDO has been dropping faster than other altcoins, and it is currently sitting around $0.92. Key support is at $0.90, while resistance lies near $1.05. A break below support could lead to sharper losses, while reclaiming the resistance might trigger a recovery.

Cardano is getting closer to its strong support between $0.73 and $0.76, a level that has held well in the past. If Cardano can stay above this zone, it might aim for a move towards $0.85 and eventually $1. A drop below $0.73 would weaken its outlook.

Avalanche is trading between $22 and $23.3, a key area to watch because if it drops below $22, then it could see a quick dip. On the flip side, if it pushes above $23.5, the price might head back toward $26.