Crypto Market: A Mixed Bag of Trends and Predictions

The crypto market is showing a mix of trends and predictions. Bitcoin and Ethereum are trading sideways, while Dogecoin is gaining momentum. Spot Bitcoin ETFs saw a significant inflow of $197. 7 million, but spot Ethereum ETFs experienced an outflow of $8. 5 million. This shows that investors are still interested in Bitcoin, but they are pulling out of Ethereum. In the past 24 hours, around 138, 614 traders were liquidated for a total of $427. 45 million. This is a lot of money, and it shows that the market is still volatile. Bitcoin's open interest has dropped to $90. 2 million, but it is still near peak levels. This means that there is still a lot of interest in Bitcoin, but it is not as high as it was. Some analysts are saying that altcoins are approaching a crucial decision point. They are comparing the current situation to historical patterns from 2017 and 2021. These patterns indicate the potential for another major rally. However, other analysts are warning that Bitcoin could face rejection at $124, 000, triggering a drop to $96, 000 and potentially further down to $70, 000. Bitcoin appears set to retest the $118, 000–$120, 000 support zone. This is where strong bids have emerged on Binance. A short-term dip toward this level seems likely, followed by a potential rebound if buyers step in. Ethereum remains range-bound, with sentiment turning bearish near support and bullish near resistance. Despite high volatility, Ethereum has traded relatively sideways over the past two months. XRP is emerging from a prolonged re-accumulation phase, hinting at a potential major breakout. After retesting and rejecting the key $3. 32 resistance, this level now serves as a pivotal point that could ignite a parabolic rise. Holding above $1. 99 would confirm a bullish structural reversal, with momentum indicators suggesting an upward move. For Solana, the $217 level is critical. It will determine whether the price rebounds or breaks down. The total meme coin market capitalization fell by 3. 8% in the past 24 hours to $79. 5 billion, with Solana and AI-themed meme coins seeing the largest drops of 4% and 5. 1%, respectively. Dogecoin looks strong on the weekly chart, with technicals pointing to a potential rally.