#TechnicalAnalysiss

📊 Weekly Technical Analysis Snapshot – Top 5 Cryptos (as of May 24, 2025)

Stay informed with key insights and market trends.

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1. Bitcoin (BTC)

Current Price: ₨30,546,648

Trend: Bullish consolidation

Support: ₨29,800,000

Resistance: ₨31,200,000

RSI: 58 (neutral-to-bullish) Insight: A breakout above ₨31.2M could trigger a rally toward ₨33M. Monitor volume and momentum around resistance levels.

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2. Ethereum (ETH)

Current Price: ₨722,748.69

Trend: Strong bullish flag

Support: ₨700,000

Resistance: ₨750,000

MACD: Bullish crossover Insight: ETH is gearing up for a potential breakout. A sustained close above ₨750K may spark a rally to ₨800K.

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3. Solana (SOL)

Current Price: ₨49,265.26

Structure: Ascending triangle

Support: ₨47,500

Resistance: ₨51,000

Volume: Increasing Insight: SOL is showing strength in the DeFi sector. A breakout above ₨51K could lead to ₨55K+ in the short term.

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4. Dogecoin (DOGE)

Current Price: ₨64.81

Pattern: Rounding bottom

Support: ₨60

Resistance: ₨70

RSI: 47 Insight: Momentum is gradually building. Watch for a push above ₨70 to confirm a bullish breakout.

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5. Chainlink (LINK)

Current Price: ₨4,483.55

Formation: Symmetrical triangle

Support: ₨4,300

Resistance: ₨4,700

Bollinger Bands: Tightening Insight: LINK is coiling, indicating potential volatility ahead. A breakout above resistance can drive the price to ₨5,000+.

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Final Thoughts

Utilize trendlines, support/resistance levels, and indicators like RSI & MACD to inform your trading decisions. Always set realistic targets and employ stop-loss strategies.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.

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