Top Trading Levels for DOGE, SHIB, XRP, AVAX, and 6 Other Leading Cryptocurrencies Revealed!

<ul>
  <li>The recent approval of Ethereum ETFs by the SEC did not trigger a rally in Ether and Bitcoin.</li>
  <li>However, crypto analyst Rakesh Upadhyay suggests that this situation might change in the coming weeks.</li>
  <li>Can Bitcoin and altcoins like AVAX recover from their immediate support levels? Let's delve into the technical analysis of the top 10 cryptocurrencies.</li>
</ul>
<p><strong>Discover the latest insights on Bitcoin, Ethereum, and other major cryptocurrencies as we analyze their current market trends and future potential.</strong></p>
<h2><strong>Bitcoin (BTC) Price Analysis</strong></h2>
<p>As of May 21, Bitcoin reversed direction from $71,979, reaching the moving averages. This indicates that bears are attempting to keep the price within a range. If the price rebounds strongly from the moving averages, bulls will likely push BTC towards the overhead resistance at $73,777. A breakout and close above this level could pave the way for a rally to $80,000 and subsequently $84,000. Conversely, if the price falls below the moving averages, it would suggest that bulls are giving up, potentially leading BTC to drop to the strong support at $59,600.</p>
<h3><strong>Ethereum (ETH) Price Analysis</strong></h3>
<p>Ether's price has fallen below the crucial support level of $3,730, which is vital for bulls to defend. If the price remains below $3,730, ETH could decline to the 20-day EMA at $3,313. A strong rebound from this level would indicate that bulls are buying on dips. Buyers will then make another attempt to clear the hurdle at $3,730. Bears, on the other hand, will likely mount a strong defense in the $3,730 to $4,100 zone. If this resistance is breached, ETH could potentially rise to $4,868.</p>
<h2><strong>Binance Coin (BNB) Price Analysis</strong></h2>
<p>BNB turned down from the stiff overhead resistance at $635 on May 21, indicating that bears are aggressively defending this level. If the price rebounds strongly from the moving averages, it would suggest that bulls are buying on minor dips, increasing the likelihood of a break above $635. Alternatively, if the price falls below the moving averages and the support at $560, it would indicate that BNB may remain range-bound for a longer period.</p>
<h3><strong>Solana (SOL) Price Analysis</strong></h3>
<p>Solana began its decline from $189 on May 21, signaling that bears are selling on rallies. Bulls purchased the dip near the breakout level of $162 on May 23 but failed to sustain the recovery. Sellers are now attempting to pull the price below $162. If they succeed, SOL could drop to $140. Conversely, if the price rebounds from $162, it would indicate that bulls are trying to flip the level into support. Buyers will need to overcome the barrier at $189 to initiate a rally towards $205, where bears are expected to mount a strong challenge.</p>
<h3><strong>Ripple (XRP) Price Analysis</strong></h3>
<p>XRP is witnessing volatile movements near the moving averages, indicating a tough battle between bulls and bears. Bears will try to pull the price below the moving averages and the support line. If they succeed, XRP could drop to the critical support at $0.46. Buyers will need to clear the overhead hurdle at $0.57 to signal that the bears are losing their grip. This could start a rally to $0.67 and eventually to the stiff resistance at $0.74.</p>
<h3><strong>Conclusion</strong></h3>
<p>In summary, the cryptocurrency market is currently experiencing a period of consolidation with significant resistance levels being tested across major coins like Bitcoin, Ethereum, and Binance Coin. While the immediate outlook remains cautious, the potential for a bullish breakout exists if key resistance levels are breached. Investors should closely monitor these levels and stay informed about market developments to make strategic decisions.</p>