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Crypto Market Faces Key Weekend: Bitcoin Stalls, Altcoins Test Critical Zones

Crypto Market Faces Key Weekend: Bitcoin Stalls, Altcoins Test Critical Zones

CoinEdition2025/05/16 16:00
By: Coin Edition
BTC-0.37%SOL+0.95%TEST0.00%
Bitcoin still hasn’t broken higher, so a dip could continue. Ethereum, Solana, Cardano are sitting at key support price levels. Watch for breakouts above resistance to confirm bullish market signals.
  • Bitcoin still hasn’t broken higher, so a dip could continue.
  • Ethereum, Solana, Cardano are sitting at key support price levels.
  • Watch for breakouts above resistance to confirm bullish market signals.

Bitcoin couldn’t break its recent high, which means the market dip might not be over yet. Bitcoin dominance is also about to drop again and if it does, the market could see a big altcoin rally. On Crypto Banter’s The Sniper Trading Show, the analyst said that the crypto market is moving into a crucial weekend, with altcoins sitting at important price zones.  Many altcoins are now at the same levels where Bitcoin previously struggled before its breakout. If they manage to push through, a strong rally could follow.

Ethereum (ETH) at a Make-or-Break Zone

Ethereum (ETH) is holding firm for now, but it’s forming a bearish pattern. The key level to watch is around $2,320. If Ethereum drops below this, it might trigger a sharp dip. 

Crypto Market Faces Key Weekend: Bitcoin Stalls, Altcoins Test Critical Zones image 0 Crypto Market Faces Key Weekend: Bitcoin Stalls, Altcoins Test Critical Zones image 1 Source: TradingView

On the upside, ETH needs to clear the $2,520 to $2,550 zone to build momentum for a rally.

Solana (SOL) Facing Critical Support Test

Solana (SOL) is currently testing an important support line. If this level breaks, the price could slide quickly. The immediate support is around $158, while the next major support lies near $150. 

Crypto Market Faces Key Weekend: Bitcoin Stalls, Altcoins Test Critical Zones image 2 Crypto Market Faces Key Weekend: Bitcoin Stalls, Altcoins Test Critical Zones image 3 Source: TradingView

To turn bullish again, SOL must break above $170 in the coming sessions.

Dogecoin (DOGE) Pulls Back, Key Levels Monitored

Dogecoin (DOGE) is showing signs of a pullback after its recent surge. The important levels to monitor are $0.215 as support and $0.245 as resistance. 

Crypto Market Faces Key Weekend: Bitcoin Stalls, Altcoins Test Critical Zones image 4 Crypto Market Faces Key Weekend: Bitcoin Stalls, Altcoins Test Critical Zones image 5 Source: TradingView

A move above the resistance could open the door for a run toward $0.30.

ONDO Testing Lower Levels

ONDO has been dropping faster than other altcoins, currently sitting around $0.92. Key support is at $0.90, while resistance lies near $1.05. 

Crypto Market Faces Key Weekend: Bitcoin Stalls, Altcoins Test Critical Zones image 6 Crypto Market Faces Key Weekend: Bitcoin Stalls, Altcoins Test Critical Zones image 7 Source: TradingView

A break below support could lead to sharper losses, while reclaiming the resistance might trigger a recovery.

Related: Cardano’s Push for Privacy and Precision Gains Momentum with Brave and Masumi Milestones

Cardano (ADA) Approaching Major Support Zone

Cardano (ADA) is getting closer to its strong support between $0.73 and $0.76. This level has held well in the past. If ADA can stay above this zone, it might aim for a move towards $0.85 and eventually $1.

Crypto Market Faces Key Weekend: Bitcoin Stalls, Altcoins Test Critical Zones image 8 Crypto Market Faces Key Weekend: Bitcoin Stalls, Altcoins Test Critical Zones image 9 Source: TradingView

 A drop below $0.73 would weaken its outlook.

Related: Bitcoin Price Surge Drives Solana Memecoin Deployments

Avalanche (AVAX) Consolidates, Prepares for Possible Breakout

Avalanche (AVAX) is trading between $22 and $23.3. This is a key area to watch because if AVAX drops below $22, it could see a quick dip. 

Crypto Market Faces Key Weekend: Bitcoin Stalls, Altcoins Test Critical Zones image 10 Crypto Market Faces Key Weekend: Bitcoin Stalls, Altcoins Test Critical Zones image 11 Source: TradingView

On the flip side, if it pushes above $23.5, the price might head back toward $26.

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.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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