The current trend is downwards, and it's heading lower, with support. ONE is currently testing this support level. Additionally, there's a large descending channel, which could keep the price oscillating for a few weeks. The bearish scenario suggests it might hunt its support and, with solid confirmations, move further downwards.
The trend of Metal is completely bearish, and it is moving straight downwards. We have a descending trendline that MTL is attempting to break, with buyers applying pressure. The scenario involves breaking this trendline, if it breaks and retests, we could see an upward movement.
Cardano tried to hold the support level but failed, resulting in a close below it. After a retest, the price plunged significantly. Currently, the price is near the support area around $0.35, which could be the next key area to watch.
The price is currently testing the support area at $0.136. It is important to monitor if this level can hold. If the support holds, there is potential for the price to move up towards the resistance area at $0.152.
CKB has dropped to the support area at $0.0099 and bounced from there. This indicates that buyers are stepping in to defend this level, which strengthens its significance as a support zone. The price action suggests a potential move towards the resistance area, indicating that the market sentiment may be shifting towards a more bullish outlook.
The price is expected to touch the $60,000 support level before moving upwards towards the target of the $70,000 trendline. Incremental buying can be considered at this support level.
From a medium-term perspective, the critical support level for Bitcoin is at $52,000. This level is particularly important for all long positions (especially spot trades). Currently, it is possible to consider incremental buying at lower levels.
CVX is showing a significant trend alongside positive divergence. The price is currently moving above a strong trendline, which has been tested multiple times, indicating a robust support level. The positive divergence in the RSI suggests that the bearish momentum is weakening, and there is potential for upward movement.
If the current trendline holds, ANKR has the potential to rise to the levels of $0.03270 and $0.047. The price is showing a bullish trend as long as it remains above the trendline, indicating potential for further upward movement.
MEW has significant support at $0.0040 area. This strong support level suggests that buyers are likely to step in at these prices, which could prompt a move towards the next resistance levels at $0.0050. Given this setup, it is worth keeping MEW on your watchlist.
The trend of LPT is completely bearish, and it is moving downwards. It has a strong descending channel where it was ranging, and last night, we saw a heavy drop towards the bottom. The scenario is a move towards the top of the channel, where we could potentially see upward movement with strong confirmations.
We have a clear and straight channel for LTC, where it is currently hitting equal highs and lows. The current scenario suggests that Litecoin will remain in this channel for about a month, potentially moving towards the channel's upper boundary.
MANA is currently in a strong downtrend after peaking and entering a bullish phase. It is now declining. There is a significant support area marked on the chart, indicating a strong support level. If the price reaches this support area, there is potential for a rebound upwards. Keep an eye on this area for potential opportunities.
In the daily timeframe, the overall trend of MAV is bearish, and the price is sharply declining. As you can see on the chart, the price has broken its support level, which now has the potential to turn into resistance. If the price returns to the broken level and the breakdown proves to be false, there is a possibility for the price to rebound upwards.
Notcoin has broken below the $0.016 level and corrected by approximately 12%. It may experience a small pullback to $0.016, but further correction down to $0.013 is possible.
TRU is approaching the support level at $0.13680 on the 4-hour chart. Monitor the price reaction at this support level. If the support holds, it may indicate a potential upward movement. If the support is lost, the next support level to watch is indicated on the chart.
Bitcoin has reached the critical weekly support area around $64,000. This zone is highly sensitive. Despite the price decline, we've seen an increase in Bitcoin's dominance and a decrease in altcoin dominance. Maintaining the weekly support is crucial for overall market stability and potential upward reversal. Therefore, this level must hold to keep the chance of...
BINANCE:BTCUSDT Bitcoin is currently experiencing a pullback to the $65,000 range, a key support area. Following this correction, it is expected to initiate an upward leg targeting $68,000 and $70,000. This bullish outlook remains valid as long as the support level at $64,800 holds. The market is really unleashing its venom! It's clearly hitting stop losses and...