Cryptocurrencies are trading sideways on Tuesday, with the market in a holding pattern ahead of Wednesday’s FOMC meeting.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $118,689.11 |
| Ethereum | (CRYPTO: ETH) | $3,861.95 |
| Solana | (CRYPTO: SOL) | $183.90 |
| XRP | (CRYPTO: XRP) | $3.14 |
| Dogecoin | (CRYPTO: DOGE) | $0.2277 |
| Shiba Inu | (CRYPTO: SHIB) | $0.00001339 |
Notable Statistics:
- IntoTheBlock data shows Bitcoin and Ethereum large transaction increased by 39.4% and grew 62.7%, respectively. Daily active addresses grew 13.8% and dropped 8.7%, respectively.
- Coinglass data shows 158,664 traders were liquidated in the past 24 hours for $447.74 million.
- SoSoValue data shows net intflows of $157.02 million into spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $65.14 million.
Trader Notes: Crypto chart analyst Ali Martinez estimates Bitcoin's next cycle top at $149,679, based on updated projections.
Pierre Crypto notes BTC is stuck in a tight 4-hour range, with $117,000–$118,000 as crucial support.
A break below could lead to a retest of the 4H 200 EMA and last week's lows, presenting a potential buy zone.
However, a clear breakout above $120,000 is still needed to shift momentum bullish. He also advises watching if Michael Saylor steps in with fresh capital.
Daan Crypto Trades sees Ethereum approaching the $4,000–$4,100 zone, calling it a "critical decision point."
He suggests consolidation here would be healthy, allowing for a stronger and more sustainable breakout toward new highs.
For XRP, trader Galaxy highlights that it's consolidating just below a 3,000-day-old trendline on its BTC pair. A breakout above could be a major technical shift, potentially marking the start of a long-awaited bull run for XRP.
On Solana, Galaxy points out it has been consolidating for over 500 days, a setup that could lead to an explosive move. As the saying goes, "the longer the base, the stronger the breakout."
Trader Polaris XBT is eyeing Dogecoin for a possible entry if it sweeps below $0.215, signaling local liquidity grab before a rebound.
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