Bollinger Bands — Bearish Reversal Alert 🚨
The markets have been heating up lately. While the chances are solid that we are at the beginning of a bullish run, there are also short-term warning signs. One of them is the bearish reversal alert based on the Bollinger Bands. This alert is triggered when the price reaches or exceeds the upper band.
Here are ten tokens that flashed this signal on the daily chart sorted by market cap.
- Solanda $SOL
- Dogecoin $DOGE
- Cardano $ADA
- Arbitrum $ARB
- VeChain $VET
- Cosmos $ATOM
- Jupiter $JUP
- Flow $FLOW
- Axie Infinity $AXS
- Mina Protocol $MINA
It is worth mentioning that, in a bullish market, an asset can trade along the upper band for a more extended period. However, at some point, the price returns (at least short-term) to the middle band. I attached Solana's chart, which shows this perfectly.
$BONK & $MEW to Lead the Altcoin Season? - CoinPedia Analytics
Over the past day, BONK has seen a price increase of 3.87%, with a trading volume reaching $204.65 million. The memecoin has gained roughly 9% over the last week and an impressive 32.63% over the past 30 days. With a market cap of $1.77 billion, BONK now ranks as the 50th largest crypto. The emergence of a Golden Cross (EMA 50/200) on the 1D chart signals growing bullish sentiment. Additionally, the RSI remains above neutral, reinforcing a positive outlook. If this momentum continues, BONK may test its upper resistance at $0.00003390. However, if bears take control, the price could drop to its support level of $0.00002125.
Similarly, MEW, the first cat-themed memecoin, has soared by ~30% this past week and an astounding 85.21% over the month. With a market cap of $852.27 million, MEW's RSI hovers near the overbought zone, reflecting strong buying pressure. If bullish trends persist, MEW is poised to challenge the $0.0105 resistance. Otherwise, it could fall back to $0.00700.
PSG/USDT Price Analysis: Bullish Signals Emerge Amid Consolidation
$PSG
{spot}(PSGUSDT)
Moving Average (MA 200):
The price is trading above the 200 SMA at $2.681, indicating that bullish momentum is still present. This level has been acting as a strong support, and the price movement above it suggests further potential upside. If the price can sustain above this level, it may confirm continued bullish momentum.
VWAP:
The VWAP is currently positioned at $3.316, with the price slightly below this level. This suggests the short-term trend is leaning neutral, and the price will need to break and sustain above the VWAP to confirm a more bullish outlook.
RSI:
The RSI is at 51.72, signaling neutral conditions with no strong overbought or oversold indications. This suggests that the price could continue to fluctuate within its current range, although the RSI’s slight upward tilt hints at a possible building of bullish momentum.
MACD:
The MACD is currently in a neutral zone, with the MACD line at -0.045 and the signal line at -0.041. While both lines are below zero, they are converging, suggesting that a bullish crossover could occur soon, potentially signaling the start of an upward move.
Bullish Scenario:
If the price can sustain above $3.30 and break through the VWAP at $3.316, the next target could be the resistance near $3.50, followed by $4.00. A continuation of bullish MACD convergence would support this scenario.
Bearish Scenario:
If the price falls below the $3.25 support level, it could retest the 200 SMA at $2.681, with further downside potential toward $2.50. A bearish MACD crossover and RSI moving toward 40 would confirm downside pressure.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research and consult with a financial advisor before making any investment decisions.
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**Bitcoin Accumulation Addresses Surpass 2.9 Million BTC: A Testament to Long-Term Confidence**
The total amount of Bitcoin held in accumulation addresses has exceeded 2.9 million BTC, reflecting a significant increase from 1.5 million BTC in January 2024. These addresses, characterized by their lack of Bitcoin outflows, represent a steadfast commitment to long-term holding.
Accumulation addresses are distinguished by holding at least 10 Bitcoins, having no outflows, and being active for at least seven years. This growth, particularly notable in 2024, suggests a strong belief in Bitcoin's future value.
With the current trajectory, these addresses are expected to hold over 3 million BTC by year-end, potentially valuing their holdings at over $210 billion, surpassing major corporations like General Electric. This trend underscores a robust confidence in Bitcoin's long-term prospects.
**Crypto in the 2024 Presidential Race: A Game-Changer?**
Crypto has emerged as a hot topic in the 2024 presidential election. Many in the industry are rallying behind former President Donald Trump, who promises pro-crypto policies. Prediction markets like Kalshi now give Trump a 60% chance of winning, sparking debate over potential market manipulation.
Teen Bitcoin millionaire Erik Finman believes a Trump victory could propel Bitcoin to $100,000, while others like Mark Cuban warn of short-term gains followed by inflation-induced setbacks. Trump’s vow to replace SEC Chair Gary Gensler could also reshape crypto regulations, potentially boosting altcoins.
Stay tuned as the election heats up!
Bitcoin Accumulation Addresses Surpass 2.9 Million BTC, Indicating Strong Market Confidence
The total amount of Bitcoin held in accumulation addresses has exceeded 2.9 million BTC, nearly doubling from 1.5 million BTC in January 2024. These addresses are characterized by their long-term holding strategy, having never experienced a Bitcoin outflow and holding at least 10 BTC each. They are owned by individual or institutional investors, not exchanges, and have shown consistent activity over the past seven years.
The rapid growth in Bitcoin accumulation within these addresses is noteworthy. In 2018, these addresses held only 100,000 BTC, which surged to 700,000 BTC by the 2021 bull rally. The most significant growth occurred in 2024, with holdings increasing from 1.5 million BTC at the start of the year to 2.9 million BTC within ten months.
This trend suggests strong confidence in Bitcoin's future among these address owners. If the price of Bitcoin reaches $70,000 by year-end, the total value of BTC in these addresses could surpass $210 billion, positioning them above major corporations like General Electric in market cap. This optimistic outlook reflects a robust belief in Bitcoin's long-term potential.
$FXS
{future}(FXSUSDT)
{spot}(FXSUSDT)
Moving Average (MA 200):
The price is trading above the 200 SMA at $2.046, suggesting bullish momentum in the short term. The 200 SMA has been acting as support, and the upward movement above this level indicates a positive outlook. If the price continues to hold above this key moving average, it could signal further gains.
VWAP:
The VWAP is positioned at $2.224, with the price close to this level. This suggests a neutral short-term trend but with potential for further upside if the price can move above the VWAP and hold. The price action above the VWAP would reinforce the bullish sentiment.
RSI:
The RSI is at 65.63, indicating bullish momentum but nearing overbought territory. While the RSI is not yet signaling an immediate reversal, traders should monitor if it crosses above 70, which could suggest a potential pullback or consolidation.
MACD:
The MACD is showing strong bullish momentum with the MACD line at 0.051 and the signal line at 0.029. This suggests that upward momentum is building, and further bullish price action could be expected as long as this trend remains intact.
Bullish Scenario:
If the price sustains above the $2.10-$2.20 range and breaks the resistance near $2.22, the next target could be around $2.50. Continuation of the bullish MACD signal and strong buying volume would support this scenario.
Bearish Scenario:
If the price fails to hold above $2.046 (200 SMA) and drops below $2.00, it could lead to a bearish move, with the next support levels near $1.90. A bearish MACD crossover and RSI moving toward neutral levels would confirm this downside risk.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research and consult with a financial advisor before making any investment decisions.
$NEIRO BEARISH BREAKDOWN WARNING!
{spot}(NEIROUSDT)
The 4-hour chart for NEIRO/USDT shows the price dropping below a crucial support level at $0.00185778, now trading at $0.00170683. This signals that selling pressure is increasing, and the bearish momentum is taking over.
Current Price: $0.00170683 (-7.15%)
💡 Bearish Levels to Watch: 💡 📉 Support Zone: $0.00167165 USDT – This is the next key level that could potentially offer some support. If broken, expect a swift drop toward $0.00150000 or lower.
⚠️ Bearish Scenario:
The break below $0.00185778 suggests that the price is losing strength, and further declines are likely. If the price fails to hold at $0.00167165, a sharper drop toward $0.00150000 could be in the cards. Traders should prepare for potential further sell-offs!
#CryptoAlert #BearishSignal #AltcoinSelloff #BinanceWarning #Downtrend
OG/USDT Eyes Key Support Zone as Bulls Try to Regain Momentum
$OG
{spot}(OGUSDT)
Moving Average (MA 200):
The price of OG/USDT is currently trading above the 200 SMA at $5.207, showing that the price remains in a bullish range from a longer-term perspective. This level can act as a strong support zone, and a sustained move above it may signal further bullish momentum.
VWAP:
The VWAP is positioned at $6.937, with the price now trading slightly above this level. This suggests the short-term bias is bullish, and if the price can maintain levels above the VWAP, it could signal further upside.
RSI:
The RSI is currently at 49.57, indicating a neutral position. There is room for further price gains before entering the overbought territory (above 70). Traders should monitor this level for potential overbought conditions or corrections.
MACD:
The MACD shows a slight divergence, with the MACD line at 0.006 and the signal line at -0.218. This suggests a potential bullish crossover, but the momentum is still weak. If the MACD can continue trending upward, it will confirm further upward momentum.
Bullish Scenario:
If OG/USDT can maintain its current price above $7.00 and reclaim resistance near $7.50, we may see further gains, with the next target being $8.50. A bullish MACD crossover would reinforce this scenario, as well as increasing volume.
Bearish Scenario:
If the price fails to hold above the $7.00 level and drops back below the 200 SMA, a bearish breakdown could occur, with the next support around $6.00. A weakening RSI and a bearish MACD crossover could confirm the downward move.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research and consult a financial advisor before making investment decisions.
$BNSOL ALERT – MAJOR PRICE MOVEMENT AHEAD!
{spot}(BNSOLUSDT)
The 4-hour chart of $BNSOL is heating up, showing a strong uptrend but now encountering a short pullback. This could be the calm before a significant move either way – traders should stay alert!
Current Price: $166.0 USDT (+4.40%)
💡 Critical Levels to Watch: 💡 🚧 Resistance: $173.4 USDT – This is the key level bulls need to break for a sustained upward move. A breakout here could push the price to $180 or even beyond. 📉 Support: $158.7 USDT – Watch this zone closely! If the price dips below, we could see a further drop toward the $150 level, especially if bearish momentum kicks in.
📉 Bearish Scenario: If BNSOL fails to hold above $166 and slips past $158.7, the downtrend could intensify, pushing the price toward $150. This would likely lead to a sharp selloff.
🚀 Bullish Scenario: A bounce from $166 could send BNSOL testing the $173.4 resistance once again. If bulls gain strength and push beyond this point, $180+ becomes the next target!
🔥 This is a decisive moment! Don’t let this opportunity slip by!
#UptoberBTC70K? #SCRSpotTradingOnBinance #APESurge #Therapydogcoin #Bit_guru
🚨 $DOGE /USDT AT CRITICAL TURNING POINT – BREAKOUT OR BREAKDOWN AHEAD? 🚨
DOGE/USDT is currently at $0.14270, with resistance sitting around $0.14600 and support near $0.14200. This 15-minute chart shows price action forming a descending channel, signaling potential volatility.
🔍 Key Observations:
• Price is respecting the downward channel, indicating bearish pressure.
• Volume shows signs of increasing, hinting that a significant move is imminent.
💡 Long Entry: Breakout above $0.14600 could trigger a rally towards $0.15000, with a stop loss placed at $0.14450 for safety.
💡 Short Entry: If price breaks down below $0.14200, expect a drop toward $0.13800. A stop loss above $0.14350 is recommended for risk management.
Both scenarios could see strong momentum – stay sharp for an explosive breakout or a steep drop!
{spot}(DOGEUSDT)
#BTCSoarsTo68K #SCRSpotTradingOnBinance #USStockEarningsSeason #CanaryLitecoinETF #BTCSoarsTo68K
$RAY /USDT Approaching a Critical Zone – Be Ready for Big Moves!
The 15-minute chart for RAY/USDT shows a descending channel forming with clear boundaries. The price is now testing key levels that could determine its next direction.
Key Support: The price is holding just above $2.30 USDT, which serves as a crucial support zone. A break below this level may lead to further declines.
Resistance: The next resistance to watch is around $2.45 USDT. A break above this could fuel a rally toward $2.54 USDT or higher, breaking out of the channel.
📉 Short-Term Entry Strategy:
• Short Entry: Consider entering a short position below $2.30 USDT with a stop-loss around $2.35 USDT. Potential target: $2.20 USDT.
• Long Entry: Watch for a bounce near $2.30 USDT to target a short-term rally. Enter long if it holds, with a stop-loss at $2.28 USDT. Target: $2.45 USDT.
🚀 Long-Term Strategy:
• Breakout Play: If the price breaks above $2.45 USDT, enter a long position aiming for $2.54 USDT with a tight stop at $2.40 USDT.
This setup has the potential for both bearish and bullish plays, depending on the breakout or breakdown. Stay sharp and act fast!
{spot}(RAYUSDT)
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🚨 BITCOIN ETFs INFLOWS HIT $20B, OUTPACE GOLD ETFs 10X: WHAT’S NEXT? 🚨
Bitcoin ETF inflows have surged to $20 billion, massively outpacing Gold ETFs by a factor of 10! Meanwhile, Bitcoin exchange inflows plummeted over 95% in just 48 hours. Here's what it means for the market:
📉 95.93% Drop in BTC Exchange Inflows: This sharp decline signals fewer investors are sending Bitcoin to exchanges, typically used for selling.
🟢 Strong HODL Sentiment: Investors may be holding Bitcoin, anticipating higher prices rather than selling off.
📊 ETFs as a Preferred Investment Vehicle: The massive ETF inflows indicate institutional and retail investors are favoring long-term exposure through ETFs.
💡 Potential Bullish Indicator: Lower exchange inflows coupled with high ETF demand suggests a bullish market outlook.
💬 What do you think is next for Bitcoin? Drop your thoughts, share, and engage!
$BEL
{spot}(BELUSDT)
{future}(BELUSDT)
Moving Average (MA 200):
The price is currently trading above the 200 SMA, which is at $0.5640. This indicates that bullish momentum is trying to take over. However, the price recently failed to hold above the $0.60 level, signaling some exhaustion. As long as the price remains above the 200 SMA, the uptrend could continue.
VWAP:
The VWAP is currently at $0.6117, which the price is slightly below. This suggests that the short-term trend may be turning bearish after hitting resistance around $0.70. A move back above the VWAP could renew bullish confidence.
RSI:
The RSI stands at 59.55, indicating neutral to slightly bullish conditions. It’s not in the overbought territory, so there’s still room for upward movement, but the RSI is starting to cool off, which could signal a pause or retracement.
MACD:
The MACD shows a slight bullish momentum, with the MACD line at 0.0178 and the signal line at 0.0111. The histogram suggests that bullish momentum is still present, but the size of the bars is decreasing, indicating that the strength of the uptrend is weakening.
Bullish Scenario:
If BEL can hold above the 200 SMA and reclaim the VWAP at $0.6117, the next resistance zone is near $0.70, and a break above this level could send the price towards $0.80. A continuation of bullish MACD and a stronger RSI would support this move.
Bearish Scenario:
If the price falls below the 200 SMA at $0.5640 and fails to recover the VWAP, we could see a move back to $0.50, where the next significant support level lies. A bearish MACD crossover and a weakening RSI would confirm this downward trend.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research and consult a financial advisor before making investment decisions.