Despite the fact that the market as a whole is presently trending upward, traders should proceed with caution as the Congress has not yet rendered a decision on the deal. The outcome could spark a rally or cause crypto assets to retrace the gains made in recent days.

What are the main resistance levels to watch out for as the market trends upward? After examining the charts of a few cryptocurrencies, we will determine the answer.

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Analysis of Bitcoin's Value

Due to increased purchasing pressure exerted by bulls, bears were unable to pull Bitcoin below the $25,845 support level on Saturday. The crypto asset surpassed the 20-day Exponential Moving Average (EMA) of $27,125 the day after and later surpassed the $28,000 threshold before retreating to its current price of $27,965.

With BTC trading above $27,125, a rally to $29,500 and then to $30,900 is conceivable. Alternatively, if the price falls below the 20-day EMA, it may find support at $25,765.

Analysis of Ether Price

On Saturday, ETH surpassed the $1,889 level of resistance, signaling the conclusion of the current corrective phase. It is currently worth $1,914. The present price is significantly greater than the 20-day exponential moving average ($1,839). This provides the buyers with a minor advantage from which to launch a rally toward the $1,995 resistance level. If the investors can push Ethereum above this price, another rally to $2,250 may be possible.

In contrast, if the price falls below $1,839, ETH may approach the $1,792 support level.

Analysis of BNB Cost

After reaching support at $304.02 on Saturday, BNB is now trading above the 20-day exponential moving average ($309). Binance's native token is currently valued at $312.54 USD. The purchasers' immediate objective is to push BNB up to the $321 level of resistance. We expect the bears to mount a massive defense at this price in order to prevent a further rally to $352.

In contrast, a decline from $309 could increase the likelihood of a price decline to $281.

Analysis of XRP Value

During the weekend, XRP climbed above the neckline of the inverse head and shoulders pattern, concluding a bullish setup. As of this writing, the token is traded for $0.503 USD. The bulls will now concentrate on bringing the price to the first point of resistance, located at $0.552. Breaking above this level could spark a fresh upswing to $0.571 if it is achieved.

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In contrast, a decline toward the 20-day exponential moving average of $0.468 could cause XRP to reach the $0.446 support line. If the price falls below this level, it could reach $0.405, where buyers are anticipated to begin purchasing the dip.

Analysis of Cardano's Value

On Friday, ADA traded slightly below the uptrend line before bouncing back the next day to resume its upward movement. The current price is $0.376, which is closer to the resistance level of $0.380. If Cardano reverses direction from this price, bears could drag the price down to the $0.342 support level and further to $0.312.

If ADA breaks above $0.380, a rally to the second resistance level at $0.441 becomes feasible.

Price Analysis for Dogecoin

DOGE trades for $0.072 as of Tuesday night, after rebounding off the 20-day exponential moving average of $0.070. The purchasers' primary objective is to surpass the $0.074 resistance level. This provides them with additional strength to propel a rally to $0.080.

Alternatively, if Dogecoin retraces to $0.070, the bears could push the price down to $0.066 and then $0.062 if they are able to find support at these levels.

Solana Price Analysis

Saturday's breach above the downtrend line enabled SOL to surpass the $20.39 20-day exponential moving average (EMA). Since that time, the token has appreciated. It currently trades at $21.04. If bulls prevail over bears at the $21.68 resistance level, the probability of a robust rally to $24.54 will rise.

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In contrast, a price decline below $20.39 may prompt Solana to retest the $18.75 support level.