š $SOL /USDT ā Eyes on the Breakout! Falling Wedge + FVG Bounce Setup! š„šÆ
Current Price: $101.50 (ā4.16%)
Market Structure Overview: ⢠Price has been in a strong downtrend inside a falling wedge pattern ⢠Multiple bearish FVGs filled during the drop ⢠Recent BOS (Break of Structure) suggests weakening bearish control ⢠Price is bouncing from a fresh bullish FVG zone
Setup Insight: ⢠Double BOS indicates potential shift in short-term trend ⢠Price is consolidating below trendline ā breakout potential is high ⢠Buy signals already plotted near FVG support area ⢠Green arrow suggests projected move if breakout confirms
Pro Tip: Wait for a confirmed candle close above the trendline and FVG flip zone for entry. Use trailing stops to ride the wave toward imbalanced zones above.
SOL bulls might be loading the spring ā a breakout from this wedge could trigger a sharp recovery toward $110+! Keep alerts set and be ready for volume confirmation!
RUNE, the native token of the THORChain network, has captured the attention of crypto enthusiasts due to its growing role in decentralized finance (DeFi). With the market's unpredictable dynamics, many investors are wondering whether RUNE can hit the ambitious $100 mark in the next 30 days.
To assess this possibility, itās essential to analyze a few key factors:
1. Market Sentiment: The overall health of the crypto market plays a crucial role. A bullish trend across major digital assets can positively impact RUNEās price. However, if bearish sentiment prevails, it may be difficult for RUNE to reach such heights.
2. Network Development: THORChainās expansion and upgrades can drive demand for RUNE. Recent updates or partnerships aimed at increasing liquidity and interoperability could boost its value.
3. Token Utility and Demand: RUNEās role as a settlement asset in cross-chain swaps makes it highly valuable. A surge in trading volume on THORChain may elevate its price. $RUNE 4. Market Speculation: Crypto prices are often influenced by speculation. Positive news, influencer mentions, or sudden interest from large investors can trigger price surges.
Challenges to Consider: Despite its potential, RUNE faces stiff competition and market volatility. Achieving a $100 price point within just 30 days would require an unprecedented surge of over 300% from current levels.
While possible, such a rapid increase is unlikely without major market catalysts. For long-term investors, focusing on RUNEās utility and network growth may be a more realistic approach.
CURRENTLY BTC IS MOVING AT 67K AND HAS BEEN REJECTED FROM 68K TREND LINE REJECTION ZONE.
ON LARGER TIMEFRAME IT SEEMS THAT BTC WOULD ONCE AGAIN MOVE DOWN TILL ITS TREND LINE SUPPORT. HOWEVER RETEST AT CURRENT POSITION IS ALSO EXPECTED TO BREAK THE RESISTANCE AND CAN MOVE TILL 70K.
DAILY CANDLE CLOSING IS ALSO A BEARISH SIGN IF IT CLOSES BELOW 67500.
PREVIOUS THRICE REJECTIONS AT THIS ZONE ALSO INDICATE A SIGNIFICANT STRENGTH OF THIS RESISTANCE ZONE.
IF BTC MOVES DOWN GRADUALLY, THEN IT CAN TOUCH 46K ZONE IN A MONTH.
FUNDAMENTALLY THERE ARE NEWS ABOUT A PLAN ,OF ATTACK ON IRAN BY ISRAEL. IF IT OCCURS THEN MARKET CAN ALS9 MOVE DOWN QUICKLY.
LASTLY, I WILL PLAN TO OPEN MORE SHORT POSITIONS INSTEAD OF LONG POSITIONS WITH SAFE LEVERAGE AND MARGIN.
ALWAYS GO WITH SAFE LEVERAGE AND SAFE MARGIN, REGARDLESS OF ANY DIRECTION OF THE MARKET,LET IT GO AS IT MOVES.
ALWAYS DO YOUR OWN RESEARCH (DYOR) BEFORE OPENING ANY FUTURE POSITION.
*1* - OUR PREVIOUSLY ALL ANALYSIS ABOUT BTC WERE ACCURATE.
*2* -NOW BTC IS IN CRITICAL POINT, WHERE NEW DIRECTION COULD BE SEEN OR CONTINUATION OF BULLRUN.
*3* -ACCORDING TO MY ANALYSIS AS I SAID YESTERDAY THAT, BTC WILL RETEST ITS TREND LINE RESISTANCE AND WILL MOVE FORWARD TO SET A NEW ATH BETWEEN 74K-75K.
*4* -SECOND POSSIBLE SITUATION IS THAT BTC COULD BREAK SUPPORT AND MOVE TILL 67600. WHICH IS DIFFICULT BECAUSE ETF AND OTHER GOOD NEWS FROM USA IS ATTRACTING PASSIVE INVESTORS TO ENTER IN MARKET DIRECTLY.
*5* -SO TO CONCLUDE IT COULD BE SAID THAT, BREAKOUT OF SUPPORT WILL PUSH BTC DOWN TILL 67600 AND *RETEST WILL MOVE TOWARDS 74K-75.* I AM OPTIMISTIC FOR SECOND SITUATION.