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#altcoins
will suffer a bit more🩸😬
$BTC
Dominance strong V-Recovery on daily timeframe and now bullish flag We are going higher📈
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$OP /USDT Technical Analysis Optimism (#op🔥🔥 ) is Testing Major Support Zone! The price is currently bouncing off key support at the lower trendline of a falling channel. Historically, this area has acted as a demand zone, making it a potential reversal point. 🚀 Potential Price Targets: Target 1: $2.099 Target 2: $2.752 Target 3: $3.398
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🪙 The chart illustrates Bitcoin's ($BTC ) price movement on a weekly timeframe using a step-like growth pattern, with four phases marked in yellow zones. Here are the key insights: BTC has been following a structured uptrend, consolidating before entering a new higher range. The 50-week Simple Moving Average (SMA) has consistently acted as dynamic support BTC is currently testing the ascending trendline which has provided bounces in previous corrections. Next Potential Target: The fourth step (yellow zone) suggests a long-term target range between $125,000 and $200,000. RSI at 45.49 is near previous bottom levels (highlighted in green), where BTC previously reversed upward. If RSI bounces from here, it could signal bullish continuation. BTC remains in a long-term bullish trend, and this current correction might be a healthy retracement before the next major leg up. If the support levels hold, Bitcoin could start its final phase towards new all-time highs (ATH). 🚀
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$XRP #Ripple has formed a descending channel pattern on the daily timeframe after consolidating between $2.00-$3.00💁♂️ This continuation pattern suggests accumulation before the next leg up🔍 A bounce from the current support at $2.12 could drive price toward targets at $2.32, $2.61, $2.90 and $3.35🎯
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💰 $BNB Currently, Binance Coin (BNB) is positioned near a key support zone, aligning with the bottom of the Bollinger Bands Channel 🧐 Historically, the BB Channel has been effective in identifying market tops🔻 and bottoms🔺, making this a crucial area for a potential rebound. If the support holds, we could see BNB forming a strong base before the next move 📈
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💰 $ETH Together with Key Zone we are sitting at the bottom of Bollinger Bands Channel🧐 The BB Channel was good at catching the Tops🔻 & Bottoms🔺 - awesome time to form the bottom for $ETH 📈
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