$FLOKI is bouncing off from the Major Support zone and forming a triangle pattern over it. Market looks very healthy as of now, and long positions can be open after a breakout.
$MANTA Analysis : $MANTA was rejected again after testing the resistance area. This is the crucial resistance area, and the price needs to break this level to turn bullish. The support and resistance levels remain unchanged. #Manta
Price is currently trading within a symmetrical triangle pattern and respecting both the support and resistance lines. Consider opening a long position near the support area with a tight stop loss. The direction of the next move will be determined by a breakout from this triangle.
$1000SATS Analysis: This is the ideal buy zone of $1000SATS and hold. Buy at $0.0002860-$0.0002900 level and hold till it pump and break the $0.0003463 level. #10000SATS
Price is now testing the resistance area and a break above this area will send the price towards the major resistance area. A rejection from here will send the price towards the support area and this is the zone for new entries.
The price is currently trading within a falling wedge pattern and is approaching a crucial point. A breakout to the upside is considered bullish and is likely to initiate a strong rally. You may consider opening a long position near the support area or after breaking the falling wedge pattern to the upside.
QCP Capital: $BTC volatility is expected to remain high.
QCP Capital posted on its official channel that the US JOLTs job openings data fell to the lowest level since January 2021, while layoffs rose to the highest point since March 2023. The market reaction is to expect a 50% chance of a 50 basis point rate cut by the Federal Reserve in September.
$BTC rose to over $58,500 and $ETH approached $2,500 during the US trading session, but prices fell back to $57,000 and $2,400 respectively during the Asian trading session. Overnight BTC spot ETF outflows were the lowest in the past 6 trading days (-$37.5 million). Volatility remained high at the front end of the week, with BTC volatility up 6% from this week's low. Given yesterday's VMI signal, we expect volatility to remain high.