Bitcoin (BTC) trades above a short-term support range between $120,000 and $121,000 at the time of writing on Friday. Its technical outlook leans bearishly after correction from the record high of $126,199, reached on Monday.
Solana (SOL) offers subtle bullish signals, trading above $220 on Wednesday. The short-term outlook for the smart contracts token mirrors that of the broader cryptocurrency market, which is generally recovering after the correction experienced on Tuesday.
Bitcoin (BTC) regains momentum, trading above $122,000 on Wednesday, following a sharp pullback the previous day. Altcoins, including Ethereum (ETH) and Ripple (XRP), are holding steadily above key support levels, as bulls look forward to recouping the losses incurred on Tuesday.