Bitcoin Holds Strong Above $28,000 Today, as Solana and Dogecoin Drop by up to 3%
The global cryptocurrency market was trading mixed on Friday, with Bitcoin, Dogecoin, and Solana experiencing losses, while BNB, XRP, and Tron saw gains. Bitcoin fell by 1.91% to reach $28,074, while Ethereum remained above the $1,800 level, and its volume reached around $19.14bn, down by 17.89% in the last 24 hours. The DeFi volume is currently at $4.44bn, which is 10.21% of the total crypto market’s 24-hour volume, while all stablecoins volumes had reached $38.58bn, 88.73% of the total crypto market’s 24-hour volume. The current technical outlook remains stable, hovering around the $27,900 price level, with a neutral sentiment detected in major market oscillators, including the Relative Strength Index (14), which sits at 62.71, and the Stochastic RSI Fast (3, 3, 14, 14) and Williams Percent Range (14), that continue to be Neutral at 30.11 and −41.78, respectively. Rajagopal Menon, Vice President at WazirX, said if the downtrend continues, strong support levels are expected around $26,600 and $25,200 or a break of the resistance at $28,950 that could imply a potential rally for Bitcoin to $29,200 or $30,700. Finally, the global cryptocurrency market cap was trading at $1.18tn, falling 0.87% in the last 24 hours, while Bitcoin’s dominance reached 46.17%, a decrease of 0.47% over the day.