- Ethereum’s breakout above $2,411 could lead to a fresh price discovery phase.
- Binance Coin’s consistent uptrend points to potential gains beyond $640 resistance.
- Toncoin’s volume spike signals strong bullish momentum with resistance at $3.35.
The cryptocurrency market is entering a new phase of bullish momentum, with Ethereum (ETH), Binance Coin (BNB), Solana (SOL), and Toncoin (TON) showing strong upside activity. Over the last 24 hours, these four digital assets have not only surged in price but also witnessed substantial spikes in trading volume.
Investors now closely watch these coins as they approach critical resistance levels. Current price action suggests the market could gear up for more gains if key support areas hold firm.
Ethereum (ETH) Leads with Powerful Rally, Eyes Price Discovery
Ethereum has delivered a powerful performance, climbing over 24% in a single day to trade at $2,411.05. This rally began around $1,927 and has since moved steadily upward, supported by a 124% rise in volume. The surge indicates renewed investor confidence and the potential for Ethereum to break into a fresh price discovery zone.
Support lies at $2,100 and $2,000, both of which acted as previous resistance points. Holding above these levels would confirm the strength of the current trend. Resistance around $2,450–$2,500 may trigger short-term profit-taking, but a sustained close above $2,411 could open the door to further gains.
Related: Crypto Price Analysis: ETH, SOL, XRP, SUI, and PI Face Bearish Pressure Amid Market Volatility
Binance Coin (BNB) Shows Steady Climb, Solana (SOL) Surges Fast
BNB is experiencing a more measured yet consistent uptrend. Trading at $632.74, it has recorded a 2.55% daily gain. Volume has grown by nearly 29%, reflecting solid participation. The coin faces resistance between $635 and $640, with a breakout above likely pushing it toward $650 or higher.
Support at $625 and $620 offers a cushion for any minor pullbacks. These levels present potential entry points for swing traders eyeing continuation of the trend.
Related: Flora Growth Enters Crypto With $1M Bet on ETH, SOL, XRP, SUI
Solana, on the other hand, is moving at a faster pace, posting an 8.76% daily gain to reach $166.24. The immediate target lies at $170, while a move above could propel SOL toward the $180 mark. If the coin stays above the $160 level, bullish pressure is expected to persist.
Toncoin (TON) Emerges as Breakout Candidate with Strong Volume
Toncoin is emerging as a breakout candidate after a strong push to $3.29, gaining over 5% in 24 hours. Volume spiked by a massive 135%, suggesting increasing market enthusiasm. Immediate resistance rests at $3.35, with a potential move to $3.50 if buyers remain in control.
Support around $3.20 and $3.15 reinforces TON’s bullish setup. Holding above these levels would keep the uptrend intact.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
