$UNI has recently formed an ascending channel in the 4-hour time frame.
After reaching the $7.900-$8.800 level, the price was very strongly supported and again grew by more than 30%. Now it is facing a very weak resistance in the area of $12, which due to the strong upward trend in this currency is expected to easily cross this level and reach the resistance level of $13.3.🚀
#AXS moved as expected and failed to break the resistance level of $8.700-$8.400.
The specified resistance area was not fully consumed and invalidated the bullish scenario. The price left the small ascending channel that was formed in the 4-hour time frame and fell to the support level of $6.500-$6.300. Now, it will need to rebound to continue its ascent to challenge the resistance once again . Given its history of bouncing from critical demand levels, there is a possibility that #AXS could replicate this behavior and push upwards.
A breakdown below the demand area would negate the bullish outlook and potentially lead to extended declines.
$MKR price easily broke the support level of $2470-$2350 .
In the daily time, it is moving in an upward channel, which faced selling pressure after reacting to the supply zone and not being able to break the zone.
Recently, an upward harmonic pattern has been formed in the chart, the price is slowly forming a positive divergence, and if it can return to the above specified level, we can expect to see the price rise according to the pattern
$GRT After reaching the resistance level of $0.3300-$0.3550 , GRT started to decrease, and with more than 25% decrease, it has reached the support area of $0.2300
The price has left the ascending channel . The subsequent critical demand zone at $0.2 is vital to watch because it is known for its strong liquidity and history of catalyzing significant upward movements. Securing a strong rebound is essential to sustain support.
Failure to rebound could intensify bearish momentum, worsening market sentiment, and potentially leading to further price declines
The price of ATOM⚛️ has broken the upward trend line. After the failure, it fell by more than 30% and reached the support level of $7.660-7.660
according to the continuation of the downward trend of the market in the short term, there is a possibility of reducing the price to the bottom of the descending channel that was formed recently.
If the price reaches the bottom of the channel, it will reach the important demand area of $6.1, and there is a possibility of price support from this area.
After so many attempts of breaking ATHs and getting severely rejected above 70K, #BITCOIN🪙seems exhausted, blackrock and other ETFs pumping and dumping larger volume than ever. Bitcoin is crashing very dramatically and is leaving no room for doubt. The week starts red right away.
#BTCUSDT is still moving sideways in a consolidation zone around the 72,000 - 65,900 area on the 4-hour chart. A short-term correction continues to form. The price broke the 69,200 support level .
Overall, the market will move in a range at this time, and the range correction will continue to develop. Trading will be carried out between levels. According to the current market structure and the price behavior after the clear breakout on the long-term chart, we are more likely to capture the market correction as long as the price remains below the $72,000 resistance level. The market will soon experience huge fluctuations
PolkaDot was able to break the dynamic support very sharply and strongly.
#DOTUSDT inverse head and shoulder on daily timeframe hints a major correction.
The price after reaching the resistance level of $7.500 - $7.700, the price failed to break it and started to decrease along with other digital currencies. If the selling pressure is still strong, the price will fall to the main support level of $5.660 - $5.810 , an area where there seems to be a lot of demand for buying
The price of $BTC 🪙 once again strongly reacted to the resistance level of $72000-$74000 , and at the same time, as the news was published, it started to decrease by about 4%.
Now, the price has reached the bottom of the ascending channel again. The negative divergence is also clear in the chart, and if the price can not maintain the area of the bottom of the channel, it will fall to the support level of $57,500-$56,200
$DYDX , after breaking out from the pattern and completing its retest phase, is regaining momentum at the demand level of $2.10. If it can sustain this momentum, there is a high probability it will embark on a bullish path to overcome a resistance level of $2.4 - $2.45
However, given the inherent volatility of the market, if DYDX fails to sustain its momentum and declines, this could indicate a weakening of the bullish stance, potentially leading to a significant price drop. Under such circumstances, we might expect a bullish rebound from the lower, strong Bullish level at $2.100. Nevertheless, a break below this level could result in considerable downward movement.
The bullish journey is projected to kick off once the price surpasses the supply area at $2.3 in higher time frame and continues its upward momentum
The price of $RSR after compression and correction started to rise in the 1st wave and grew by more than 50% in wave 2
The price will continue to correct in the area of $0.0092 to $0.007800, and after that, it will start wave 3
If the specified area is violated and the price falls further, the support level will be $0.00536 - $0.0048 , although the price is unlikely to reach this level again