The recent rebound in Bitcoin and select altcoins suggests that bulls are still in control and are buying at lower levels. The settlement between Binance and the United States Department of Justice is seen as a positive for the cryptocurrency space, although 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 break above $38,000 potentially leading to a rally towards $40,000. 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 finding support at $0.35 and could rally towards $0.46, while Dogecoin is attempting to break above the 20-day EMA. Toncoin is finding support at the 50-day SMA and could rise to $2.59, while Chainlink is rebounding from the 20-day EMA and could retest resistance at $16.60. Avalanche closed above a key range but failed to maintain higher levels, with resistance at $22.
