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SUI Tests Key Resistance Zone After Descending Triangle Breakout
Market conditions:
On the daily time frame, SUI has formed a descending triangle. The price recently broke the trend line with a strong impulse candle and is currently testing the horizontal resistance level, which is in the range of $0.8 - $0.9.
Technical analysis:
A breakout of a descending triangle followed by a retest of the resistance level indicates an attempt by buyers to take control of the market. However, a retest of this resistance zone can also lead to a price pullback if sellers effectively defend this area.
On the daily time frame, SUI has formed a descending triangle. The price recently broke the trend line with a strong impulse candle and is currently testing the horizontal resistance level, which is in the range of $0.8 - $0.9.
Technical analysis:
A breakout of a descending triangle followed by a retest of the resistance level indicates an attempt by buyers to take control of the market. However, a retest of this resistance zone can also lead to a price pullback if sellers effectively defend this area.
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Bullish ATA outlook remains valid with support from uptrend
ATA broke above the descending trend line on the 4-hour timeframe, indicating a potential continuation of the upward move. With the 1-hour uptrend also holding strong until the ATA breaks below this trendline, we remain bullish.
BIGTIME has been quite sluggish, moving without clear direction—neither bullish nor bearish. But another divergence has formed, and with past ones performing well, there could finally be some interesting movement on the horizon. Keep an eye out, as these signals have proven to deliver strong results recently.
Will this be the push we’ve been waiting for? Let’s see how it plays out!
#bigtime #Altcoinseason2024 #altcoins #MarketDownturn
Will this be the push we’ve been waiting for? Let’s see how it plays out!
#bigtime #Altcoinseason2024 #altcoins #MarketDownturn
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TRX Tests Key Horizontal Resistance
Market dynamics:
TRX is currently testing a significant horizontal resistance level, forming an ascending triangle. The next move in the market will likely depend on how the price interacts with this resistance.
Considering the prospects:
If TRX can break through this resistance level, it could signal a continuation of the current trend. However, if the resistance is strong and the price pulls back from it, the market could see a correction, leading to further consolidation or a possible downward move.
TRX is currently testing a significant horizontal resistance level, forming an ascending triangle. The next move in the market will likely depend on how the price interacts with this resistance.
Considering the prospects:
If TRX can break through this resistance level, it could signal a continuation of the current trend. However, if the resistance is strong and the price pulls back from it, the market could see a correction, leading to further consolidation or a possible downward move.
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COTI Tests Key Support After Channel Break: Bullish Bounce Possible?
Current situation
COTI is currently trading in a consolidation phase on the 4-hour time frame after breaking out of the ascending channel. The price is testing the support trend line, being around the $0.11091 level.
Explanation of Graph
The chart shows that COTI is forming an ascending channel, which usually indicates a bullish trend. However, recent price action has broken the lower boundary of this channel, indicating a possible change in momentum. The support trend line now plays the role of a critical level that can determine further movement.
COTI is currently trading in a consolidation phase on the 4-hour time frame after breaking out of the ascending channel. The price is testing the support trend line, being around the $0.11091 level.
Explanation of Graph
The chart shows that COTI is forming an ascending channel, which usually indicates a bullish trend. However, recent price action has broken the lower boundary of this channel, indicating a possible change in momentum. The support trend line now plays the role of a critical level that can determine further movement.
📩Pair: $XRP /USDT
📉Direction: Short
💯Leverage: Cross 50x
📊Entry: 0.595828575
❗️Enter as soonest possible❗️
✅Target1: 0.593442875
✅Target2: 0.59046075
✅Target3: 0.587478625
✅Target4: 0.5844965
✅Target5: 0.57853225
✅Target6: 0.572568
✅Target7: 🚀🚀🚀
⛔️Stop Loss: 0.8946375
⬅️➡️Use opposite signal as stop loss(Recommended)
⚠️ Данная публикация носит исключительно информационный характер и не является финансовым советом. Инвестиции в криптовалюты являются высоко спекулятивными и рискованными. Всегда проводите собственное исследование ⚠️
$XRP #Xrp🔥🔥 #binance #Signal #SignalAlert #altcoins
📉Direction: Short
💯Leverage: Cross 50x
📊Entry: 0.595828575
❗️Enter as soonest possible❗️
✅Target1: 0.593442875
✅Target2: 0.59046075
✅Target3: 0.587478625
✅Target4: 0.5844965
✅Target5: 0.57853225
✅Target6: 0.572568
✅Target7: 🚀🚀🚀
⛔️Stop Loss: 0.8946375
⬅️➡️Use opposite signal as stop loss(Recommended)
⚠️ Данная публикация носит исключительно информационный характер и не является финансовым советом. Инвестиции в криптовалюты являются высоко спекулятивными и рискованными. Всегда проводите собственное исследование ⚠️
$XRP #Xrp🔥🔥 #binance #Signal #SignalAlert #altcoins
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Meme Coin Season 2024: Fever reaches new heights!
The 2024 Meme Coin Season has begun, bringing with it a wave of excitement and dramatic market movements. Some meme coins have soared by a staggering 587%, demonstrating their ability to make a significant impact thanks to vibrant communities and speculative interest. Before you dive into this world, here's what you need to know about the dynamics of meme coins.
Went hunting for some altcoin gems today, but came up empty-handed. There are tons of weird and wonderful price patterns out there, but nothing that really jumped out at me. The market seems to be in a holding pattern, so I'm keeping my powder dry for now.
#Altcoinseason2024 #altcoins #DOGE #TONCOİN
#Altcoinseason2024 #altcoins #DOGE #TONCOİN
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IRIS bounces off support: approaching critical resistance level
Current situation
The price movement of IRIS on the daily timeframe was consolidated within the descending channel. However, there has recently been an impulsive rebound from the horizontal support level, which may indicate a change in trend direction.
Explanation of Graph
The chart highlights several key technical aspects:
The price movement of IRIS on the daily timeframe was consolidated within the descending channel. However, there has recently been an impulsive rebound from the horizontal support level, which may indicate a change in trend direction.
Explanation of Graph
The chart highlights several key technical aspects:
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FIL Falling Wedge Breakout: Potential for Significant Upside
FIL breaks out of the falling wedge and has broken through horizontal resistance, which will now serve as support. This breakout is a positive signal indicating potential bullish momentum. As long as the FIL remains above the falling wedge, an upward move is expected.
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THETA Bounces Off Key Supports: Testing Trend Line Resistance
Market overview
THETA price has shown signs of strengthening, bouncing off key support levels. These include the horizontal support zone and trend line, which provided the basis for this bounce.
Graph analysis
The chart shows that after the rebound, THETA encountered resistance at the trend line. To confirm the bullish trend, the price must break this trend line and successfully test it again. If the retest is successful, this may indicate further upward movement.
THETA price has shown signs of strengthening, bouncing off key support levels. These include the horizontal support zone and trend line, which provided the basis for this bounce.
Graph analysis
The chart shows that after the rebound, THETA encountered resistance at the trend line. To confirm the bullish trend, the price must break this trend line and successfully test it again. If the retest is successful, this may indicate further upward movement.
If you’re paying attention, BLUR and UFT are pulling some interesting moves that can’t be ignored. BLUR is experiencing high volatility, with strong buy pressure signaling potential big news or a whale accumulation. 📊
On the other hand, UFT (UniLend) is catching eyes with a significant breakout from its recent consolidation. 🚀 With more liquidity flowing in, this DeFi gem could see further upside as it moves toward key resistance levels. 💰
If you’re already in, hold tight. If not, time to keep a close eye on these two! 👀 The market’s talking, are you listening?
$BLUR #MarketDownturn #Altcoinseason2024 #NFT #altcoins
$UFT
On the other hand, UFT (UniLend) is catching eyes with a significant breakout from its recent consolidation. 🚀 With more liquidity flowing in, this DeFi gem could see further upside as it moves toward key resistance levels. 💰
If you’re already in, hold tight. If not, time to keep a close eye on these two! 👀 The market’s talking, are you listening?
$BLUR #MarketDownturn #Altcoinseason2024 #NFT #altcoins
$UFT