Optimism made an attempt to recover the ground that was lost last week. However, OP was faced with this roadblock and it could come in the way of the bulls’ momentum.
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MATIC consolidated narrowly above $0.50 after retesting a crucial bullish zone.
Bitcoin Cash recovery hangs in the balance as bearish pressure persist in the futures market.
Polkadot attempted edging higher from its recent low. But bulls could falter at an overhead bearish zone.
BNB breached the $220 psychological level but consolidated narrowly below it.
Cardano was fixated on reversing recent losses. But it must clear overhead roadblocks to proceed.
XLM could record extra losses if it takes cue from the Q3 2022 price action amidst elevated bearish pressure.
Tron attempted a recovery, but a weakening BTC could derail bulls and tip sellers to seek re-entry.
APE hit a crucial range-low which could set a price reversal. But overall market uncertainty could push APE to the opposite direction.
Optimism could record extra losses, given the overhead roadblocks and weak BTC.
AVAX’s recovery could be delayed after hitting a potential hurdle amidst a weak BTC.
Litecoin retested March low, but a solid reversal wasn’t clear yet as BTC weakened further.