The recent rebound in Bitcoin and select altcoins suggests that bulls are still in control and buying at lower levels. Traders view the settlement between Binance and the US Department of Justice as positive for the cryptocurrency space. However, some caution remains due to the pending lawsuit against Binance by the Securities and Exchange Commission. Bitcoin is currently consolidating between $34,800 and $38,000, with a bullish bias if it breaks above $38,000. Ether is attempting to overcome resistance at the $1,957 level, while BNB is consolidating between $223 and $265. XRP is expected to range between $0.56 and $0.74, while Solana is facing resistance at $59. Cardano is likely to break above $0.39, and Dogecoin is attempting to clear the hurdle at $0.08. Toncoin is finding support at the 50-day SMA, Chainlink is rebounding from the 20-day EMA, and Avalanche is aiming for a breakout above $22. Overall, the cryptocurrency market remains in a range-bound action, with key levels to watch for potential breakouts or breakdowns.
