Asian Markets Show Mixed Momentum as Bitcoin, Ethena, Solana Approach Key Price Zones
Crypto markets in Asia are experiencing mixed momentum on August 21, with Bitcoin, Ethena, and Solana facing distinct technical pressures. The key price zones for these assets are currently being closely watched by traders.
Bitcoin is trading within a narrow range, with immediate support near $58,000 and resistance around $61,500. On-chain data suggests that long-term holders are accumulating, but short-term traders are cautious. A breakout above $61,500 could open the path toward $63,000, while a drop below $58,000 may trigger further selling.
Ethena is facing a critical resistance zone around $0.47, after showing relative strength in the past week. The token's correlation with Bitcoin remains high, so any sharp move in BTC could influence ENA's trajectory.