Crypto Market Holding Key Structure After Pullback

The total crypto market cap is currently sitting at approximately $2.96 trillion after experiencing a pronounced correction from its cycle highs of around $4.14 trillion. The recent price action indicates that the market has transitioned into a clear consolidation phase rather than signaling a full breakdown.

Total market cap in USD 1D chart – TradingView

Current Market Dynamics

This broader market structure can be distilled into key components:

• A strong rejection at the $4.14T resistance, marking the local market top.
• A corrective move that found significant demand around $2.84T.
• Ongoing consolidation within the range of $2.84T to $3.16T.

This range suggests that the market is digesting gains from the previous expansion, with buyers and sellers currently in a state of balance. Importantly, the market has yet to lose its higher-timeframe support, which mitigates the immediate risk of a deeper crash.

Bitcoin (BTC) Price Analysis: Support Still Doing Its Job

Currently, Bitcoin is trading at around $88,000, successfully holding above a critical demand zone following a sharp correction from the $107K range.

Key Insights from the Chart:

• $BTC faced a strong rejection at $107,500, confirming it as a major resistance level.
• The market is now consolidating between $85,400 and $90,000.
• Buyers appear to be actively defending the $88K zone, although upside momentum remains limited.

BTC/USD 1D Chart – TradingView

Key Levels to Monitor

• Support levels: $88,000 → $85,400 → $80,000
• Resistance levels: $90,000 → $92,500 → $107,500

Outlook for BTC

• A bullish continuation is only likely if $90K is surpassed.
• The risk of a breakdown increases if prices fall below $85K.
• At present, BTC remains range-bound, indicating a wait-and-see approach might be prudent.

Ethereum (ETH) Price Analysis: Still Below Key Resistance

Ether is currently priced near $2,980, struggling to regain higher levels after facing multiple rejections.

Chart Insights:

• A clear rejection occurred at $3,840 and $4,356.
• ETH is currently holding above $2,732, which serves as an important structural support.
• While momentum remains weak, oversold conditions are starting to form.

ETH/USD 1D Chart – TradingView

Key Levels to Watch

• Support levels: $2,732 → $2,400 → $2,200
• Resistance levels: $3,200 → $3,840 → $4,356

Outlook for ETH

• A move above $3,200 would signal the first positive indicator for recovery.
• Should prices fall below $2,732, the risk of downwards movement towards $2,400 increases.
• Confirmation is still needed before ETH can shift to a bullish stance.

Solana (SOL) Price Analysis: Under Pressure Near Demand Zone

Solana is trading around $126, positioned just above a critical support area.

Key Chart Observations:

• SOL experienced a strong rejection from $175 and $248 levels.
• A clean breakdown occurred below $160.
• The price is currently consolidating near a long-term demand area.

SOL/USD 1D Chart – TradingView

Key Levels to Monitor

• Support levels: $122 → $120
• Resistance levels: $144 → $160 → $175

Outlook for SOL

• Maintaining levels above $120 is critical for the bulls.
• A bounce back towards $144–$160 is possible.
• Dropping below $120 could lead SOL into a deeper correction.

Dogecoin (DOGE) Price Analysis: Weak Structure Persists

Dogecoin is currently trading near $0.132, consistently underperforming compared to the overall market.

Chart Analysis:

• There has been a clear downtrend since reaching the $0.28 highs.
• Presently, the price is hovering just above $0.118, a key support level.
• Overall momentum remains weak, with no significant bullish structure yet established.

DOGE/USD 1D Chart – TradingView

Key Levels to Watch

• Support levels: $0.118 → $0.10
• Resistance levels: $0.160 → $0.186 → $0.216

Outlook for DOGE

• A move back above $0.160 would be necessary to improve its structure.
• Falling below $0.118 poses risks of further declines.
• Currently, DOGE remains the weakest performer among the assets discussed.

The current state of the crypto market indicates various opportunities and risks across different tokens. Traders and investors should stay vigilant, monitor key levels, and adjust their strategies based on the evolving market landscape.