The bulls tried to push the price above $1.30, but the bears held their ground. The pair may drop to the 20-EMA, which is an important level to watch out for. If the price rebounds off the 20-EMA with force, it will signal that the bulls remain in command. That will improve the prospects of a rally above $1.30.
Contrarily, a break and close below the 20-EMA will suggest that the bulls are booking profits. That may pull the price to the 50-SMA.
Bitcoin bulls keep pushing for $100,000, and if they make it, SUI, ENA, SOL and ICP could also break out.