Bitcoin is currently retesting the zone after the breakout. The price needs to hold the support area to remain bullish. We may see some movement on Monday when global markets open.
Support Area: $64,500-$65,300
ACA analysis:
The price is currently trading within a triangle pattern, and the breakout from this pattern will determine the next market move. Consider opening a long position when the price tests the local support area. If the breakout occurs, we could see a move towards the resistance line of the triangle.
Local Support Area: $0.0636-$0.066
Resistance Area: $0.077-$0.078
FLOKI is performing well, with a long position yielding a peak profit of over 36%. Consider taking some profit or maintaining the position with a trailing stop loss. The resistance area remains unchanged.
Читать полностью…Bitcoin has successfully broken through the resistance area and is holding above it. The market looks bullish, and we may see a continuation of the upward movement.
Читать полностью…Binance CEO Changpeng Zhao (CZ) is set to be released today because of the weekend holiday. Bitcoin is also reacting to the news and moving up.
Читать полностью…DOT is performing well and following the textbook pattern. The price tested the support line and is now moving upward towards the resistance area. Our long position is currently more than 23% profitable from our entry point. The price has now reached the resistance area, and a break above this level could lead to a strong rally in DOT. It's recommended to hold the position with a trailing stop loss.
Читать полностью…Finally, Bitcoin has been able to break through the resistance area as expected. The market is looking good and positive sentiments are back. We may see some sideways movement around the $65,000 mark for the weekend and a continuation of the upward movement from next week.
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Читать полностью…Bitcoin's daily transaction volume has reached an impressive $46.4 billion, surpassing the volumes processed by traditional giants like Visa and Mastercard, according to analysts at Glassnode. This milestone highlights the growing adoption and utility of Bitcoin in global transactions.
Читать полностью…HBAR has broken the resistance area and is now retesting this level. You can open a long position at the support area with a tight stop loss. We may see a move towards the resistance area in the coming days.
Support Area: $0.0586-$0.062
Resistance Area: $0.0778-$0.0796
FET Analysis:
The price is gradually approaching the major resistance zone. This is a critical level to watch, and it’s important to wait for a clear breakout before making any moves. Right now, it’s not an ideal trading zone due to potential volatility. Better to observe how the price reacts once it hits the resistance area.
Resistance Area: $1.85 - $1.95
Data from Glassnode reveals that Bitcoin (BTC) has experienced a substantial increase in accumulation over the past 30 days, with investors accumulating around 88,000 BTC. This is particularly notable since only 13,500 BTC were mined during the same period. The last time we saw such intensive accumulation was in Q4 2023, when Bitcoin's price surged significantly. This suggests growing demand and potential bullish momentum in the market.
Читать полностью…FLOKI is continuing its upward movement as expected after the retest. Our long position is now in more than 19% profit from our entry. The price is approaching the resistance area, so let's see how it reacts there. You can hold the position with a trailing stop loss.
Next Resistance Area: $0.000194-$0.000206
Despite ongoing price consolidation and capital outflows, Glassnode analysts highlight strong confidence among new investors. Short-term holders (STHs) have experienced relatively low realized losses compared to their cost basis, indicating greater confidence than during previous bearish trends. This suggests resilience among newer market participants despite current market conditions.
Читать полностью…DODO analysis:
Price has broken the resistance area and is now retesting this level. A bounce from here towards the next resistance area may be possible. Consider opening a long position here with a tight stop loss.
Support Area: $0.128-$0.138
Resistance Area: $0.192-$0.206
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