$IOTA The price has finally broken out above the accumulation zone. After multiple previous rejections, the price has flipped the resistance zone at $0.4211 into support. Before this surge, the price tested the support level at $0.1349 and held strong during several downward moves in 2022 and 2023. After surging rapidly, the price corrected itself and now appears to be approaching the resistance-turned-support level at $0.4211. If the price holds this level and successfully retests it, it would strongly confirm the breakout and signal the continuation of the bullish trend. The next area of resistance is around, $0.93- $0.97.
$NEAR If the price goes for a retest, it might drop to the support level near $6. The price is in an uptrend after gathering liquidity from the yearly open level, surging over 100% from that point. If it breaks this resistance level at $7.6, the next key area to watch is around $9.
$QNT In a shorter time frame, price is ranging within a symmetrical triangle. A breakout on either side will determine the short-term move. Although the price is holding the lower trend line nicely and taking support from it, the support weakens each time the price touches it as liquidity is collected from it. #Qnt
$QNT In a shorter time frame, price is ranging within a symmetrical triangle. A breakout on either side will determine the short-term move. Although the price is holding the lower trend line nicely and taking support from it, the support weakens each time the price touches it as liquidity is collected from it. #Qnt
$W chart update: In a shorter time frame, W is creating a W pattern. The potential formation of W pattern, also known as a double bottom, is typically a bullish reversal signal, indicating that the price might break out upward if it successfully completes the pattern. The resistance zone around $0.0285 is the neckline resistance. If the price breaks above this level with strong volume, it would confirm the W pattern breakout. Additionally, the price recently flipped the 100-day moving average and is now holding above it nicely.
$SUI had a sharp rally breaking through key resistance before the consolidation. After creating recent highs, it seems like it is exhausting and looking for a correction. Price is currently holding above the support level $3.0965 that is an important level for the buyers to hold to continue the bullish movement. If they lose this level and sellers will take the control and price might drop sharply. Currently Price is ranging in the descending channel which is usually a bullish pattern but confirmation will only come with an upside breakout. If the price breaks below the $3.0965 support, the next significant area of support is around $2.83 (the gray zone). Additionally, there is a 100-day moving average on the 6-hour time frame below this level, which could provide further support if the price falls below $3.0965.
Putting one more limit buy order at $6.822, I expect a 10-15% correction from overall market. Can be bigger than this but this is the minimum I am expecting.
$BNB One of the easiest coins to trade because it is less manipulated. Since it has the 4th largest market cap, it is less volatile. The price is trading within a symmetrical triangle, and a breakout in either direction will determine the next significant move. The $630 level is a strong resistance. The price attempted to break through this resistance, successfully flipped it, but failed to hold above it and fell back.
$ROSE The chart looks great here. The price has broken out above the long-term downtrend line from the peak in early 2024. After the trend reversal, the price has surged over 35%. Currently, it is trying to hold and stay above the key level of $0.082. If the price is able to hold this support level, then the next resistance level is at $0.098. The price may trade within this range before the next leg up. Looking at the volume, a lot of strong volume has recently flowed in.
If the price drops from the support zone of $0.082, it might retest the 100-day moving average or even the trendline.
Price recently broke above the descending channel and cleared the resistance area of $0.000009 (red zone with a lot of volume. Price went for a correction and retest this area and 100- day moving average successfully. Price formed a double bottom around this area and surged almost 20% from there. In addition, the price has consistently found support from the trendline in lower time frames. After Elon mentioned DOGECOIN in the town hall meeting in Pennsylvania, its price has shot up high. This can be a good sign for other memecoins as well because eventually they follow the trend.