Global #resistance level

As of October 9, 2024, Bitcoin (BTC) has experienced a notable correction, testing the $61,850 zone after struggling to maintain momentum above the $65,000 mark.

Ripple (XRP) has been trading within a tight range around $0.530 for the past four days, signaling a period of market indecision. However, this stabilization follows a concerning breakdown below its ascending trendline last week, raising red flags for traders and investors alike.

As Ethereum approaches the psychological $2,500 mark, traders are keenly observing its potential to break through this significant resistance level. While the cryptocurrency has shown some upward movement recently, questions linger regarding its momentum, particularly in light of relatively low trading volumes.

This marks a significant milestone for the second-largest cryptocurrency, as it has been struggling to break above this resistance level for several months.

BONK, a meme coin built on the Solana blockchain, was on the brink of a significant breakout that could have propelled its price by as much as 92%. Traders had been eyeing a bullish pattern, with hopes of reaching its all-time high of $0.00004800.

As the cryptocurrency market continues to evolve, Solana (SOL) finds itself grappling with significant selling pressure, similar to Bitcoin, Ethereum, and other leading altcoins.