The crypto market continues its consolidation today, with the bulls still holding most of the ground they have covered over the last few weeks.
The total crypto market cap has declined slightly by around 0.3% and currently sits at around $1.97 trillion, as well as a market heatmap that looks like this:

The crypto market's liquidations have been unexpectedly harsh over the last day, according to data from Coinglass.

Traders all over the market, lost a collective $266 million, with the bulls likely expecting Bitcoin to continue further upwards above $52,000, and getting hit with $176 million in liquidations instead.
The bears, on the other hand, lost around $90 million to the market
This leads us to conclude that the bulls might have used up most of their momentum, and are spending their remaining strength on maintaining control.
If the bears put in sufficient pressure, we might see a heavy downturn.
Bitcoin Continues Consolidation
So far, Bitcoin has made no major moves to the up or bottom side, as shown by the chart below:

This consolidation may have a big part to play in the grand scheme though.
Bitcoin’s break above $50,000 and its subsequent retest of $52,000 pushed the RSI on the daily chart into overbought conditions.
This metric is starting to stabilize and has declined from around 82, to where it currently sits around 67.
This might just be what the bulls need to launch another rally toward $55,000.
Ethereum: Is This It?
Yesterday, Ethereum broke above $3,000 and ended up around $3,033.

The cryptocurrency now appears to be sliding down from here and currently trades at around $2,959.
It might not be over yet though.
The bulls still have a chance to stage a comeback, as long as the cryptocurrency’s price doesn’t slide too far below the $2,865 - $2,722 zone.

JasmyCoin (JASMY): Where To From Here?
JASMY is currently the best-performing crypto asset on Binance, as shown by its 35% gain in a single day.
According to the charts, the cryptocurrency broke above the $00083 resistance sometime yesterday and travelled straight up to test the $0.123 resistance.

Keep in mind that the last time JASMY broke above this price level was in May 2022.
If we see a break and decisive close above this price level from JASMY, we can expect the cryptocurrency to travel further upwards to around $0.017 or even higher.

Rebound On Automata (ATA)
According to the charts, Automata rebounded off the ascending trendline as shown below, sometime last week.

Since the cryptocurrency’s rebound, ATA has travelled to the upside by around 85% from $0.08 to $0.145.
At the time of writing, the cryptocurrency has reversed from this $0.145 high and is now testing $0.133 as support.
If this support level holds, ATA is set to rebound from here, continue further upwards and test the next major resistance at around $0.168 or even higher.

Chiliz (CHZ): What Next After $0.145?
According to the chart below, Chiliz is showing signs of a possible retest and break above $0.145.

Above, we can see what appears to be an incoming cup and handle formation, where CHZ reattempts to take the high from April 2023.
Upon break out from the “handle” of this formation, we are bound to see the cryptocurrency continue further upwards to around $0.18, with no telling how much further up CHZ can go.
#BTC #ETH #CHZ #ATA #JASMY
$CHZ $ATA $JASMY