Bitcoin Ethereum XRP Dogecoin Hold Firm After Last Week's Rally: What's Next

Zinger Key Points

Cryptocurrency markets are trading sideways on Monday, following a strong previous week that saw Bitcoin reclaim the $94,000 level.

CryptocurrencyPrice   Gains +/-
Bitcoin BTC/USD$94,117-0.2%
Ethereum ETH/USD$1,771-1.8%
Solana SOL/USD$146.87-2.0%
XRP XRP/USD$2.28+1.5%
Dogecoin DOGE/USD$0.1761-2.6%
Shiba Inu SHIB/USD$0.0000136+01%

Notable Statistics:

  • IntoTheBlock data shows large transaction volume up by 6.2% and daily active addresses down by 0.7%.
  • Coinglass data reports 115,648 traders were liquidated in the past 24 hours for $271.87 million.

Notable Developments:

Top Gainers:

CryptocurrencyPrice   Gains +/-
Virtuals Protocol VIRTUAL/USD $1.36+25.6%
Monero XMR/USD $257.21+11.8%
Bittensor TAO/USD $372.71+6.3%

Trader Notes: Prominent trader “Inmortal” says the most likely scenario for Bitcoin, in case it holds the $90,000 level, is a period of sideways trading, followed by another uptrend in June.

Trader Jelle opines that as long as Bitcoin holds above $94,000, it could test the $100,000 level in the next days.

Prominent analyst Kevin highlighted the golden pocket level around $95,300 as a key resistance to be overcome. Bitcoin has been trading around this level for several days.

Read Next: 

Image: Shutterstock

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