Cryptocurrency markets face volatility as Bitcoin and altcoins test key support levels

The cryptocurrency market is experiencing significant volatility and stalling momentum across several major assets. Bitcoin is currently trading around $78,377, positioned between its short-term moving averages and facing a critical support level near $77,511. While the macro trend remains intact, the MACD momentum has flatlined, suggesting a period of consolidation or a potential directional breakout.

Altcoins are facing similar technical challenges. Curve (CRV) has seen recent drawdowns, testing support levels near $0.33 and $0.34, though it remains significantly above its long-term moving averages. Worldcoin (WLD) has experienced a 10% single-session decline, with heavy spot selling on Binance putting pressure on the $0.41 level. Meanwhile, FILE is trading below its 200-day moving average, facing resistance at the $0.85 to $0.87 range as momentum stalls.