Bitcoin, Ethereum, Solana, and Bittensor Each Posted Significant Moves, Marking a Potential Shift in Short-Term Momentum

After a volatile weekend across the cryptocurrency market, major coins have begun to regain their footing. Bitcoin, Ethereum, Solana, and Bittensor each posted significant moves

Major cryptocurrency prices have started to recover on Sunday evening, following a turbulent weekend of trading that saw significant price swings and heightened volatility.

Bitcoin price slipped slightly despite a strong rally. Notably, trading volume soared to multi-month highs, indicating increased institutional and retail activity.

Ethereum displayed a strong rally, testing a key resistance level that could spark further gains.

Sol and TAO showed mixed action with signs of recovery from recent lows.

As the cryptocurrency market navigates new highs and lows, traders are keenly focused on technical levels, breakout potential, and the implications of trading volume for short-term momentum.

Bitcoin price edges down from $110K amid huge volume

Bitcoin price showed slight weakness in the past 24 hours, slipping 0.23% to $109,556.27. However, the world’s leading cryptocurrency recovered from a low of $108,000 to post a fresh rally.

The rebound came as 24-hour cryptocurrency trading volume surged to $50.48 billion, marking an increase of more than 10%. The high volume signaled significant institutional and retail engagement.

Bitcoin price faced resistance at $110,000, a level it tested several times without managing to hold above it for sustained periods. Short-term sellers remained active in the $109,800 to $109,900 range as the price encountered resistance.

On the downside, support remained strong at $108,000, where buyers stepped in aggressively to limit further losses. A confirmed breakout above $110,000 could lead to a continuation of the bull market, potentially pushing Bitcoin towards new all-time highs. However, a fall below $108,000 may spark more selling pressure, potentially setting the stage for further price declines.

Ethereum price rallies strongly, testing key breakout

Ethereum displayed a strong recovery in Sunday’s session, adding 2.97% to reach $2,643.48. After bottoming out around $2,510, it posted a steady climb throughout the session.

The rally in ETH price gained momentum quickly as it pushed past resistance at $2,575 and encountered sellers only at higher levels, with the price consolidating above $2,640.

The increase in cryptocurrency trading volume by over 30% to $18.71 billion also reinforced the bullish breakout. Traders were now watching the $2,650 to $2,660 range, where more sellers were present. A move above this zone could pave the way toward the next resistance at $2,700. Conversely, if the price dips below $2,575, Ethereum may retest earlier support near $2,510.

SOL, TAO show mixed action with signs of recovery

Solana price traded flat-to-bearish throughout the day, slipping 0.60% to $176.77. The coin initially fell to the $171 range before rebounding slightly.

Sol price encountered strong resistance at $178, where sellers reacted fiercely to limit further gains. On the downside, a level at $171.50 provided solid intraday support, especially during the second half of the session.

Cryptocurrency trading volume decreased slightly, suggesting some hesitation or indecision among traders.

Bittensor (TAO) price also showed a muted performance, closing at $445.48 with a marginal 005% dip. However, despite the flat result on the day, price action was more volatile.

The coin bounced strongly from $430, a level where buyers reacted aggressively. It then tested resistance at $450 but failed to hold above it for sustained periods. A move above that level could push TAO towards the next resistance at $455.

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