Recent developments in the cryptocurrency market have led to a decline in several altcoins, including Bitcoin. Analysts predict potential record highs for Bitcoin in the future. Here’s a detailed look at what to expect for popular altcoins like BNB, SOL, and XRP during this period.

BNB Analysis:

Bulls have managed to keep BNB above moving averages recently, but they face resistance around $635. A break below the uptrend line could signal weakness, potentially pushing BNB/USDT towards $536 and then $495. Conversely, if prices rise above $635, a bullish scenario could unfold, aiming for targets at $692 and possibly $775.

Solana Analysis:

Solana has held above the breakout level of $162, though a robust recovery hasn’t materialized. Failure to advance could prompt bears to push SOL/USDT below $162, targeting supports at $140 and crucially near $116. On the upside, a move towards $189 seems plausible, with resistance likely at $205.

XRP Analysis:

XRP has maintained position around moving averages, indicating cautious investor sentiment. A drop below these averages could see XRP/USDT decline towards the support line. Conversely, a strong bounce could drive prices above $0.57, completing a bullish triangle formation. Failure to hold above the support line may expose XRP to further declines towards critical support at $0.46.

In summary, while Bitcoin anticipates potential record-breaking moves, altcoins like BNB, SOL, and XRP face varied scenarios based on current technical levels and market sentiment. Traders are advised to monitor key support and resistance levels closely amid evolving market conditions.