- Bitcoin volume surges above $50B as price rebounds from $108K support zone
- Ethereum eyes $2,700 after clearing $2,640 with 30% volume increase
- Solana and Bittensor rebound from lows but face key resistance ahead
After a volatile weekend across the cryptocurrency market, major coins have begun to regain their footing. Bitcoin, Ethereum, Solana, and Bittensor each posted significant moves, marking a potential shift in short-term momentum.
While prices remain below recent highs, the latest action indicates a possible return of buyer confidence. As trading volumes swell and key technical levels get tested, traders are watching for the next breakout or breakdown.
Bitcoin Holds Firm Below $110K Amid Heavy Volume
Bitcoin saw sharp fluctuations over the past 24 hours, dipping to $108,000 before recovering to $109,556.27. Despite the slight daily decline of 0.23%, the price reclaimed key ground. This rebound came as 24-hour trading volume surged to $50.48 billion, up more than 10%. The high volume suggests increased institutional and retail engagement.
Resistance at $110,000 continues to cap gains. The price tested this level several times but failed to hold. Short-term sellers remain active in the $109,800 to $109,900 range.
On the downside, support remains solid at $108,000, where buyers stepped in aggressively. A confirmed breakout above $110,000 could lead to fresh highs, while a fall below $108,000 may spark further losses.
Ethereum Rallies Strongly, Eyes $2,700 Breakout
Ethereum delivered a sharp recovery, rising 2.97% to $2,643.48. After bottoming out around $2,510, it posted a steady climb throughout the session. Momentum built quickly, with ETH pushing past resistance at $2,575 and consolidating above $2,640.
The increase in volume up over 30% to $18.71 billion reinforced the bullish breakout. Traders are now watching the $2,650 to $2,660 range. A move above this zone could pave the way toward the $2,700 level. Conversely, if the price dips below $2,575, Ethereum may retest earlier support near $2,510.
SOL and TAO See Mixed Action With Recovery Signs
Solana traded flat-to-bearish throughout the day, slipping 0.60% to $176.77. The coin initially fell to the $171 range before rebounding late in the session.
Resistance remains at $178, while $171.50 offers solid intraday support. Trading volume dipped slightly, suggesting some hesitation among market participants.
Bittensor (TAO) also showed a muted performance, closing at $445.48 with a marginal 0.05% dip. Despite the flat result, price action was volatile.
The coin bounced strongly from $430, testing resistance at $450 but failing to break it. A move above that level could push TAO toward $455.
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