AVAX is trading at $40.973, with a +12.02% gain, showing bullish potential as it approaches key Fibonacci retracement levels. The price appears to be forming a corrective wave, providing a strong opportunity for a bounce toward higher targets.
Key Levels:
Support Zone: $34.714 Deeper Support Zone: $28.960
PENGU is currently trading at $0.036235, showing a bullish setup after breaking out of a descending triangle. The price is expected to retrace toward the $0.028392 zone, offering an ideal long entry opportunity.
Bitcoin has shown a strong rebound from the horizontal support level and is now approaching the horizontal resistance zone.
A breakout followed by a successful retest of this resistance would serve as a clear bullish confirmation, signaling the potential for further upward momentum.
Conversely, a rejection at the resistance level could indicate the start of a corrective phase, suggesting that caution may be warranted. #BTC #Erinacrypto $BTC
Shiba Inu (#SHIB) is currently trading at 0.00002186, showing signs of strength as it holds above a key uptrend line. The price has strong support near the Fibonacci 0.618 level, which could act as a base for a bullish rebound toward higher targets.
Key Levels:
Support Zone: 0.00002139 - 0.00001939 (Fibonacci 0.618 - 0.786 levels).
Dogecoin is currently trading at $0.31605, with a correction phase evident as the price approaches critical Fibonacci zones. These levels present opportunities for a potential bullish reversal.
Key Levels:
Fibonacci Zone 1: $0.28082 (0.618 retracement, initial support). Fibonacci Zone 2: $0.22213 (0.786 retracement, stronger support).
Bitcoin experienced a decline following the breakdown of its ascending channel. The price may now retest the horizontal support level, which serves as a critical area of interest.
A breakdown and subsequent retest of this horizontal support would further confirm a bearish trend.
Conversely, if BTC manages to reclaim the ascending channel, it would signal a bullish reversal and offer stronger confirmation of upward momentum. #BTC #Erinacrypto $BTC
The chart for $XRP /USDT suggests a potential bullish continuation after a correction phase. The price is currently at 2.2694, with a key rebuy zone identified at 1.9280. The final target for this setup is 4.0000, indicating a strong upside potential.
Key Levels:
Rebuy Zone: 1.9280 (ideal entry point on pullback). Resistance/Target: 4.0000 (upside target for the next bullish move). #XRP #Erinacrypto $XRP #BTCOutlook