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Weekly Price Analysis: Bitcoin Remains Rangebound while Altcoins Fly
The cryptocurrency market has been a mixed bag in the past week, with some coins showing significant growth and others stuck in their ways. Solana’s trend is bullish, but it must break above the $230 level and then the $260 level to continue its upward trajectory.
Meanwhile, Ripple’s price action has improved, climbing towards the next supply zone around $2.72 after breaking out of a range high and pulling back for liquidity at the last higher low at $2.34. As we’ve seen before, XRP is always unpredictable, so it’s essential to keep an eye on this developing scenario.
It’s crucial to remember that Bitcoin remains stuck in its range, which means there are no significant changes or developments on the horizon. The situation will continue to be closely monitored as any potential breakout could have far-reaching implications for the entire market.
Source: coinjournal.net
