🔥🔥🔥 Everything Looks Well for #Ethereum✅ , #Solana⁩ and #binancecoin ; Altcoin Rally Soon?

Jason Pizzino's Market Analysis: Signs of a Stealth Zone & Potential Recovery

Jason Pizzino recently analyzed the cryptocurrency market, describing it as being in a "stealth zone," which indicates a significant low point characterized by increased fear & waning interest. During these periods, the market experiences smaller range bars after initial shocks, but key levels, such as the 50% mark, are holding, suggesting a potential major upward move. Pizzino anticipates a gradual recovery over the coming months based on technical analysis of top coins.

Key Points from Pizzino's Analysis:

1. Ethereum (ETH):

- Current Position: ETH/USD shows strength by staying above its crucial 50% level from the May low.

- Support Levels: If ETH falls to around $3,400, $3,200 is seen as a safe level. Falling below $2,829 could signal negative implications of ETF news.

- Market Behavior: Despite market declines, Ethereum has held its ground due to positive developments like the SEC dropping certain cases.

2. Solana (SOL):

- Current Position: SOL remains above the 50% mark of its bear market range, currently above $138.

- Support Levels: Downside support is around $109, indicating a bullish structure with higher lows.

- Historical Patterns: Previous corrections ranged from 37% to 52%, suggesting a consistent pattern with a potential 50% correction.

3. Binance Coin (BNB):

- Current Position: BNB experienced an early move to the upside, but must maintain its gains.

- Support Levels: A breakdown from around $540 could indicate a false breakout, with a potential retest of the $420 to $520 zone.

- Bullish Momentum: Maintaining current price levels is crucial to confirm BNB's bullish outlook.

Summary:

Pizzino's analysis shows resilience in key altcoins. Ethereum & Solana maintain critical support, indicating bullish structures, while Binance Coin must hold gains to sustain momentum. Despite volatility, a gradual recovery & positive outlook are likely in the coming months.