The cryptocurrency market continues to show an overall upward trend. Bitcoin (BTC) has risen 1.01% compared to 24 hours ago and is trading around 149.4 million won. Market participants are focusing on Bitcoin's future movements, and major technical indicators suggest potential for further increases.
Bitcoin is currently showing a stable trend above key moving averages, with MACD and EMA cluster indicators showing an upward bias. The RSI is maintaining a neutral level, and the Bollinger Bands' contraction implies potential for increased price volatility. The support line of the upward channel that began in April remains solid, and derivatives trading volume has increased by 15.77%, indicating active trading.
Ethereum (ETH) is trading at around 3.57 million won, rising 3.16% over 24 hours. With relatively low volatility and a stable trend, market attention is focused on whether it will break through key resistance levels. Technically, if the upward momentum is maintained, an attempt to break the next resistance line is expected.
XRP is trading at 3,171 won, up 2.30%. While price stability is maintained, investors are paying attention to potential future legal issue announcements.
Solana (SOL) is showing a strong upward trend, recording 207,982 won. The growth of the Solana ecosystem and increased developer activity are positively influencing the price, with technical indicators also supporting the strong trend.
The overall market trading volume is increasing, raising expectations for the upward trend. Particularly, the increase in Bitcoin's trading volume is acting as a factor that heightens price movement possibilities. Market experts predict that if the current strong trend continues, Bitcoin may break through the next major resistance line. Consequently, major altcoins such as Ethereum, XRP, and Solana are likely to continue their concurrent upward movement.
Given the continued high market volatility, investors are advised to pay attention to key support and resistance levels and maintain a cautious investment strategy.
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