As Bitcoin (BTC) Holds $90K, Altcoins Show Breakout Signals

As Bitcoin continues to trade strongly, altcoins are showing signals of a potential breakout. Ethereum (ETH), Sui (SUI), XRP, Chainlink (LINK), and Solana (SOL) have each shown distinct price actions over the last 24 hours.

Bitcoin’s price action continues to be a hot topic among investors, and as BTC trades flat, altcoins are showing signs of a potential breakout.

Some of the biggest altcoins, including Ethereum (ETH), Sui (SUI), XRP, Chainlink (LINK), and Solana (SOL), have each shown distinct price actions over the last 24 hours. Some tokens are showing signs of bullish momentum, while others are being kept in check by brief consolidation phases.

Investors will want to keep an eye on surging trading volumes across major altcoins, as this indicates renewed market interest and could lead to increased volatility in the coming days. Investors will also want to watch key price levels that could decide the next big move for these tokens.

Ethereum

Ethereum saw a sharp rebound as it rose 0.62% over the last 24 hours. ETH started the day at around $1,803.90 before slipping to lows of $1,755. A late-session surge saw the price rise to $1,816.76 by the time of writing.

Support is firm at $1,755-$1,760, while resistance caps overhead at $1,816-$1,818.

Moreover, trading volume soared 57.21%, bolstering ETH’s breakout setup. A daily close above $1,818 with sustained volume could see a continuation toward higher targets.

If not, then range trading between $1,780 and $1,803 remains in the cards.

Sui

Rising from a low of $3.43, SUI slid to $3.53 after reaching highs of $3.78 earlier in the session. This marks a 2.37% drop for the token.

Immediately below lies support at $3.49-$3.50, while resistance is posed at $3.62.

The token also saw a 56.39% increase in trading volume, indicating heightened participation despite the price decline. As such, a slip below $3.50 may propel SUI toward $3.45.

Conversely, reclaiming $3.63 could reignite bullish momentum, setting sights on a retest of the $3.78 peak.

XRP

XRP showed early promise but slipped into a downtrend after failing to maintain its highs. This saw the token slide slightly by 0.41%, settling at $2.27 by the time of writing.

Key support is still posed at $2.25-$2.26, with resistance posed at $2.30.

However, a drop in trading volume by 8.73% hints at softening buying pressure. As such, XRP must stay above $2.25 to avoid further declines toward $2.22.

Otherwise, breaking above $2.30 could set the stage for a return to bullishness, setting targets on the $2.34 peak.

Chainlink

Chainlink saw strong buying activity as the token rebounded from lows of $14.50 to close the day 1.41% higher. This saw LINK rise to $15.15 by the time of writing.

Support is posed at $14.50-$14.55, with resistance posed at $15.20.

A 20.19% spike in volume bodes well for the bulls. If LINK breaks $15.20, then it could quickly set sights on $15.35. However, failure to break this level may see a return to $14.80.

Solana

Solana saw strong selling pressure as the token slid 2.07% after an early push toward $152.00 saw the price slip into consolidation. This saw SOL drop to $147.96 by the time of writing.

Key support is posed at $145.50-$146.00, with major resistance posed at $150.90.

Despite a 57.02% surge in volume, sellers currently have the upper hand. As such, a return above $150.90 is needed to set the stage for further gains. Otherwise, risks of retesting $145 or lower remain.