The cryptocurrency market opened the new week on a firm footing as easing geopolitical anxieties helped restore investor confidence. A sustained pause in missile strikes between the US and Iran, alongside ongoing peace talks hosted in Oman, reduced risk-off sentiment across global assets. Reflected in market indicators, CoinMarketCap's Fear and Greed Index held at 39, signaling a stabilization close to the neutral band. Amid this calmer environment, Bitcoin held comfortably above $65,000, testing its 50-day EMA near $65,086. Concurrently, decentralized finance tokens Aave and Ondo emerged as the top gainers over the past 24 hours.
Bitcoin Technical Structure and Key Upside Targets
Bitcoin entered the week building on momentum from four consecutive weeks of positive performance, having logged a gain of more than 1% during the prior week to trade near $65,368. From a technical standpoint, the premier cryptocurrency faces its first major overhead resistance at $67,516, matching the high recorded on June 3. A decisive breach above this hurdle would clear the path toward the psychological $70,000 threshold, followed by the 200-day EMA positioned at $74,529.
Momentum metrics present a balanced to slightly constructive outlook for Bitcoin. The Relative Strength Index stands at 53, pointing toward mild positive bias without entering overbought conditions. Meanwhile, the Moving Average Convergence Divergence indicator sits slightly above its signal line in positive territory, illustrating that underlying buying pressure remains present, though lacking aggressive expansion. On the downside, immediate support rests at the 50-day EMA level of $65,086. A sustained drop below this line would erode the recent positive sentiment and expose Bitcoin to a broader retracement toward $60,000.
Aave Gains Traction With Constructive Technical Setup
DeFi protocol token Aave traded close to the $100 mark with an encouraging bullish setup, sustaining its position above the 50-day EMA at $89.48. The token successfully reclaimed the 50% Fibonacci retracement level of $94.90, measured from its downswing peak of $131.98 to the low of $57.83, confirming strong underlying buying interest at lower levels. However, the 200-day EMA at $112.63 continues to act as overhead resistance, meaning the ongoing recovery remains part of a broader corrective structure for now.
Technical indicators for Aave show improving momentum. The MACD is approaching a bullish crossover above its signal line, while the RSI trades near 61, indicating solid buyer involvement without driving the token into overbought territory. On the upside, breaking past the 200-day EMA at $112.63 would bring the 78.6% retracement level of $116.11 into view, with a successful move beyond that exposing the prior high at $131.98.
Ondo Maintains Bullish Bias Above Moving Averages
Ondo has demonstrated sustained upside momentum, with spot prices remaining comfortably above both the 50-day EMA at $0.3539 and the 200-day EMA at $0.3776. Trading above these key medium-term and long-term averages indicates that recent upward price action is backed by steady organic demand. The main technical hurdle for Ondo remains at $0.4524, a resistance level that has held firm since early January.
Should buyers push Ondo through the $0.4524 resistance, the token could target the $0.5000 psychological barrier and potentially advance toward the November 5 low of $0.5625. The RSI hovering near 64 confirms positive momentum without signaling an immediate overbought pullback. Additionally, rising MACD lines and positive histogram bars suggest momentum remains intact. Downside risk appears limited in the near term, with support lined up at the 200-day EMA of $0.3776 and further buying interest expected near the 50-day EMA of $0.3539.
Cardano Lags Behind Major Crypto Assets
In contrast to the gains seen across Bitcoin and top DeFi names, Cardano remained under noticeable pressure, trading lower around $0.165 on Monday after minor losses last week. Weakening metrics in the derivatives market and sluggish momentum indicators suggest that potential upside for ADA remains constrained, keeping downside risks relevant for traders. Meanwhile, Ethereum and Ripple recorded steady performance after rising more than 4% and 1%, respectively, over the preceding week.
