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The crypto market is experiencing a significant upswing, with key players making impressive gains. Solana (SOL) has emerged as a standout performer, with its price skyrocketing over 25% to reach a new yearly high of $130. This bullish momentum aligns with Bitcoin's breach of the $62,000 mark, bolstering broader investor confidence. Solana's remarkable surge hasn't gone unnoticed. Its trading volume has exploded by over 127% to reach $7.59 billion, demonstrating a substantial increase in market activity. By breaking through the $125 resistance level, SOL has escaped a prolonged consolidation period and signals a potential continuation of this upward trajectory. The Solana ecosystem paints a picture of growth, with a 40% increase in its DeFi Total Value Locked (TVL) over the past year. Technical indicators like the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) point to positive sentiment. Should optimism persist, Solana could potentially challenge the $170 mark, with ambitious eyes on reaching the $200 level.
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$XRP Based on the latest analysis, XRP is currently experiencing a bearish trend. Here are some key points to consider for the next few days:
The price is expected to decrease slightly, with predictions suggesting a drop to around $2.20 by March 16, This aligns with the bearish sentiment in the market, as indicated by technical indicators like the 50-day and 200-day moving averages.
Market Sentiment: The Fear & Greed Index is currently at 34, reflecting a "Fear" sentiment, which could contribute to further downward pressure.
$XRP has shown 8% price volatility over the last 30 days, which means sudden price swings are possible
If you're considering trading or investing, it's crucial to stay updated on market conditions and use risk management strategies. This is not a financial advice.
Buying at $10? Do the Math for September If It Hits $65! Many holders are debating whether the token will surge past $65 in September, recover losses, or present another dip-buying opportunity. After spiking to $12.47, it faced sharp rejection and is now consolidating around $10.79.
Market Update: Wild Spike Followed by a Cooldown Current Price: $11.23 (+6.24%)
Recent High: $12.47 before pulling back to $10.79 (+4.86%) Volume: Surged during the pump but faded as sellers stepped in
Key Levels to Watch: Resistance: $11.20 – A breakout here could push $TRUMP toward $12.00–$12.50 Support: $10.38 – Losing this level may lead to a drop toward $10.00–$9.50 Trade Setup – High Volatility Persists
📈 Long Entry: Above $11, targeting $12.50–$13.50 📉 Short Entry: Below $10.38, aiming for $10.00–$9.50 🔹 Stop-Loss: $9.50 to manage risk
Market Sentiment – Unstable After the Surge Volume spiked but cooled off, indicating indecision 7-day performance: Down 17.68%, showing weakness despite the pump
$TRUMP is in a consolidation phase after extreme volatility. Bulls need to break above $11.20+ for a sustained rally, while a drop below $10.38 could trigger more downside. Watch volume closely to confirm the next move!
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$BTC Bitcoin is currently facing two significant resistance zones that could impact its upward momentum. The first major selling zone is around the $90,000 mark, which presents substantial selling pressure. However, an even stronger resistance level awaits at approximately $103,000, which I believe will be the heaviest hurdle for Bitcoin’s price to overcome.
As we approach these critical levels, it’s essential to remain cautious. It’s always wise to secure profits incrementally rather than holding out for an ideal peak. Overconfidence and greed can be detrimental, as we saw in 2021 when many held onto their assets too long, hoping for even higher returns, only to face sudden drops when the market turned. The key is to approach this rally strategically, taking profits along the way to protect gains and avoid potential losses if the market shifts unexpectedly.
$BTC BTC has retraced to the 0.618 Fibonacci level, often referred to as the "golden pocket," following its recent bullish breakout. This level typically serves as strong support and could signal potential for a further upward move. However, no clear bullish reversal pattern has emerged at this stage, suggesting that while there is potential, confirmation of a sustained upward trend is still needed. #BTC☀
$BTC Many are predicting the market will drop, but I see things differently. Yesterday, I highlighted a falling wedge pattern, and after breaking the $61,980 to $62,380 range, it confirmed a bullish trend. We hit $64,420 before pulling back to the same range, which is expected due to recent consolidation.
Despite talk of a decline, I remain confident in my analysis and believe we’ll see an uptrend soon. The current market signals are fake breakouts designed to trap traders, but buyers are active, and the bullish move is on the way.
Disclaimer: This is not financial advice; confirm trends before trading.
$BTC This is possibly the first significant move where Bitcoin has fallen behind the rise in gold prices. However, this gap is unlikely to persist, and Bitcoin is expected to move closer to gold’s growth starting Monday, despite the negative impact of ETF selling on its progress.
Currently, Bitcoin is hovering above its daily and monthly support levels, completing the monthly correction phase within the second wave of the Elliott Wave theory (bearish wave). To initiate the upward third wave, the ongoing correction needs to be finalized, which could extend for more than three months. It is crucial to maintain the monthly support level throughout this period, so that Bitcoin can eventually navigate through the hourly, daily, and weekly timeframe and ABC corrections slowly. With the CME closed today and tomorrow, significant price movements are unlikely, but an intriguing Monday awaits.
$BTC As observed on the 4-hour chart, Sundays typically show low volatility for Bitcoin. The daily chart indicates that the previously broken resistance at 59,700 is now reestablishing itself as support on the 4-hour timeframe. If Bitcoin can hold this support, it is likely to move toward higher levels starting tomorrow. However, it is important to note that the 55,000 level has a significant hidden gap, which could result in a sharp drop to 55,000 before potentially rebounding above 60,000.
Current support: 59,600 Current resistance: 62,000
$BTC Bitcoin has lost its primary weekly support and is now hovering around the weekend support level of 59,800. It is highly likely that the 59,800 support will not hold, leading to a further decline towards the monthly support at 51,000. If the 59,800 level is breached, we can expect a sharp price drop.
Additionally, geopolitical tensions in the Middle East, including the potential for conflict in Lebanon, combined with a significant drop in the American stock market, are exerting extra pressure on the cryptocurrency market.
Contrary to the views of many analysts, I believe that from today until the end of August, the market will perform poorly, with the negative trend worsening around mid-month.
Original support: 59,800 Current resistance: 66,500
$BTC #BTC.USDT Bitcoin has broken through its initial weekly support with ease and is now resting on the main weekly support. It's important to note that there is a final support level at 58,700, which may be easily tested if the 61,300 level is breached. Thus, 61,300 is the key support level to prevent further declines. This support is considered on a monthly basis.
It's highly probable that we will first see a move back to the 65,500 resistance. If rejected there, Bitcoin may continue towards completing the monthly correction.
Main Support: 61,300 Current Resistance: 66,600 $BTC
$BTC BTC has touched the daily 200 EMA before during a bull run. Many people think we're in a bear market again. Here's how it looked in 2016 and 2017. Imagine selling at those times.
$BTC The DXY chart indicates potential signs of an impending bearish trend. Should this materialize, it could result in a significant uptrend for cryptos such as Bitcoin, Ethereum, and Solana. Historically, a weakening dollar has often led to an increase in the value of these digital assets, potentially creating favorable market conditions. $SOL $ETH
$BTC Bitcoin has officially lost its main weekly support at 64,000 and has settled on a shaky weekly support at 62,300. After a long time, it touched the resistance of 60,500, quickly returning to 61,000. This suggests a potential monthly correction, where Bitcoin may gradually move toward monthly support, find support there, and then witness an upward return, potentially reaching a new all-time high.
Importantly, the Smart Money indicator is now at 95%, indicating a suitable buying position. The last time this indicator was at this level was when Bitcoin was in the 15-16 thousand range, which preceded a tremendous growth to above 70,000.
Current support: 60,500 Current resistance: 64,600
$BTC The analysis of the proprietary Bitcoin blockchain reveals that miners are starting to capitulate. The sooner this miner capitulation occurs, the sooner we can resume the bull run. Stay in the game.
With the recent decrease in Bitcoin's price and network hash rate, many miners are giving up. Following the recent halving, mining costs have risen while rewards have fallen, leading numerous miners to shut down their rigs. The Hash Ribbons index has issued a capitulation signal for miners. According to data from IntoTheBlock, Bitcoin miners have sold over 30,000 bitcoins (approximately $2 billion) since June, marking the fastest sale in more than a year.
In the last two days, Bitcoin has hovered near the critical weekly support level of $64,000, indicating its importance. While $63,500 served as weekend support, $64,000 has prompted a stronger price rebound. As the CME remains closed today and tomorrow, the weekly candle close above $64,000 could signal a price rise. However, a sudden drop to $62,000 followed by a rebound above $64,000 is also possible.