$Avax is forming a strong cup and handle pattern on the daily chart, which is a classic bullish continuation setup. A breakout from the handle could push the price towards the next key resistance levels.
Targets:
T1: 28.51 USDT T2: 30.78 USDT T3: 32.83 USDT
Avax shows a healthy market structure with strong accumulation and higher lows - watch for breakout confirmation.
• Strongly exited the descending channel and broke the level of $119,500
• The new liquidity entering the market is heading towards Bitcoin again to achieve a new peak very soon, God willing, at $125,500 as the first target
• There may be a return to test the support at $118,000 before continuing the rise. Staying above that support indicates the continuation of market positivity.
A very nice increase of 27% from its last drop until the preparation of this post.
We now have three scenarios in the coming days:
🕯 First: Continuation of its rise, heading between 4400 to 4800, then 5000 to 5200.
🕯 Second: A slight correction to test the support at 4000, then continue the rise, which coincides with a corrective rebound for Bitcoin.
🕯 Third: A medium correction to test the support at 3800, then continue the rise, which also coincides with a corrective rebound for Bitcoin.
💸 Opinion: The decision is up to the person based on their risk tolerance, either to continue or withdraw capital and replace it with another project like APT.
Cardano is forming a multi-year reverse shoulder pattern within an ascending channel. The price is currently approaching the resistance of the neckline around $2.90.
Solana maintains a low-low structure and is currently forming a bullish reversal from the main upward trend line - the strength of the signal at long-term support.
📌 Structure: Higher lows since 2023 📌 Trend line support: Respected and bouncing
🎯 Bullish targets
T1: $260.40 T2: $312.66 T3: $356.46
📈 Confirmation will come from a weekly close above $175, which could ignite the next impulsive move towards these targets.
The chart shows a descending wedge near the breakout, along with a solid Fibonacci buying zone between 2.67 - 2.88 USDT. The current consolidation is likely a precursor to a strong upward move.
🎯 Key Targets After the Bounce:
T1: 3.5534 T2: 3.7935 T3: 4.0693
✅ A bounce from the Fibo area could ignite a new accumulation phase. The bullish scenario remains valid as long as the price surpasses 2.67.
It respected the cup and handle pattern, executed it, and has re-tested it. Currently, it is continuing to execute the pattern and is heading towards its target of 270.
Note that any positive news regarding the acceptance of the ETF will significantly accelerate the upward movement.
Shiba Inu coin is regaining its bullish momentum after a strong rebound from support at 0.00001020. ✅ Resistance at 0.00001541 has been broken ✅ Near-term target: 0.00003579 ✅ Breaking 0.00008854 opens the way to: 0.00017299 then 0.00025056
🔍 Supporting Technical Signals:
Golden Fibonacci breakout (0.786)
RSI is heading towards overbought territory
MACD gives a positive crossover
Trading volume is on the rise
⚠️ Don't forget: The meme market is volatile… Risk management is essential.
Cardano just bounced from the main FIBO support area (0.618-0.786), indicating that the correction may have reached its bottom and a bullish reversal is in play.