This analysis is conducted in the daily timeframe.
Daily Timeframe: Short-Term Uptrend with Volume Convergence
On the daily timeframe, the price was in an accumulation box and exited it after breaking above 0.2003. The strong buying volume has introduced upward momentum to the market.
Following the price increase and reaching the resistance at 0.3387, the coin corrected alongside Bitcoin and returned to the 0.2003 area.
The price shadow touched the 0.618 Fibonacci level and, so far, has held well above 0.2003, forming a box between 0.618 and 0.382 Fibonacci levels. I believe if the price stabilizes above 0.382, it can resume its upward movement and potentially break the resistance at 0.3387.
Breaking 0.3387 is considered a risky trigger for spot purchases but seems like an excellent trigger for futures trading. If the RSI stabilizes again above 57.36, the market momentum will remain bullish, increasing the likelihood of breaking this resistance.
The next resistance, representing the high wave cycle, is at 0.4574 and is a significant trigger. Breaking this level in both spot and futures trading could offer a great position. It is crucial for volume to increase and market momentum to turn bullish as the price approaches this area.
ā The first target for the movement, upon breaking 0.4574, is the resistance at 0.7443, which is suitable for spot trading. For higher targets, I will update the analysis later as the price reaches this resistance to determine further targets based on market conditions.
ā If a deeper correction occurs and 0.2003 is broken, the bullish momentum will be completely lost. The price will need to form a new structure within the box between 0.1319 and 0.2003. Breaking below 0.1319 would signal bearish momentum in the market, presenting an opportunity for short positions. $GRT #MarketRebound #DYOR
Analysis: TRX might be gearing up for a breakout with potential growth of 6-17%. Watching the current resistance level is key for confirmation. TRON traders, keep an eye on movements with the Swallow Team's insights!
Price Targets: If TRX confirms its breakout, look for an initial target of around $0.274 (6% growth), with a more optimistic target at $0.303 (17% growth). Exciting times ahead!
Analysis: BNBUSDT is showing strong bullish momentum with a clear bullish flag pattern on the daily timeframe. After a big leap, it's moving sideways, building up energy for a potential breakout. Watch for any significant moves past this consolidation.
Price Targets: If the bullish flag plays out, we're looking at a potential move to around $745. On the downside, keep an eye on supports at $675 and $620. If it breaches the resistance, higher targets like $793 could be on the horizon. Stay alert! $BNB #MarketRebound
$BTC (4H) Analysis: BTC is knocking on the door of a major resistance at $100K. Previously, it broke above this level creating a fakeout. Now, there's potential for a bullish breakthrough. Keep an eye on this level as it can signal significant market movements! Price Targets: If BTC breaks $100K, the next targets could be $107,780 and beyond. However, if resistance holds, watch for a decline to $85,000 or lower. Stay alert and ready to adapt!
#1INCH Still in a bullish trend. and successfully retested this support line,. For now the price is moving within the Golden ratio. Buy in stages here with a minimum target of 20%+ $1INCH #BinanceAlphaAlert #DYOR
#ALICE This is an important support block on this coin. If you still have Conviction on this coin,. This support block would be a very good buying place for now. Buy gradually within this support block. $ALICE #BinanceAlphaAlert #DYOR
#DYDX has a perfect potential for a big rise this coin was going down from 2021 the large clear pattern is ABCDE which is completed and its ready for a big rise ! $DYDX #BinanceAlphaAlert #DYOR
on ICP/USDT that's starting to show strong bullish signals across multiple indicators. This could be a great opportunity for those who are closely monitoring trendline breaks and momentum shifts.
Key Observations:
Trendline Break Imminent:
ICP is approaching a critical descending trendline. Historically, a breakout above such levels often leads to a strong upward momentum. The current price action suggests mounting bullish essure, and a decisive close above the trendline would likely confirm the breakout.
PrimeMomentum:
On the daily timeframe, the momentum
lines in the Prime Momentum indicator are reversing upward. This is a strong signal that buyers are regaining control and momentum is shifting in favor of the bulls.
13 Bullish Divergence on WaveFlow:
The WaveFlow momentum clouds are showing a clear bullish divergence.
This divergence often signals that the downtrend is weakening and a potential reversal is on the horizon.
4 Support from Higher Lows:
The price action has also formed higher lows, aligning with the momentum indicators and suggesting that buyers are stepping in at increasingly higher levels, strengthening the case for a bullish breakout.
What to Watch For:
Confirmation of Trendline Break: A daily close above the descending trendline would be the first confirmation of the breakout.
Momentum Continuation: Look
for further upward movement in PrimeMomentum and sustained bullish signals in WaveFlow to validate the strength of this setup.
Potential Targets: If the breakout occurs, the next significant resistance levels could be around $12.50 and then $14.00, based on historical price action.
Risk Management:
As always, be cautious. If ICP fails to break the trendline and closes below the $10.50 support, the bullish setup could be invalidated. Setting stop-losses below this level would be prudent. $ICP #BinanceAlphaAlert #DYOR
THE has a rank of 434 and a market size of 115M dollars and Max No of 326M tokens as well as a long list of exchanges have listed it, it is expected to have a bright future.
Also, according to the chart, a strong support level has been formed around $1.1, and looking at Bitcoin in the last few days, it has maintained its growth trend.
It is also possible that THE will test its floor for the third time. After this stage, it will prepare to return to the resistance level of $1.84 and even touch the level of $2. $THE #BinanceAlphaAlert #DYOR
PancakeSwap achieved record-breaking trading volume in 2024, driven by DeFi adoption and user-centric upgrades, positioning it for continued growth in 2025. $CAKE #BinanceAlphaAlert #DYOR
Analysis: The AEVO/USDT weekly chart shows a possible bullish Rounding Bottom, hinting at a completed accumulation phase. A rally may be on the horizon, attracting traders eager to catch the upswing.
Price Targets: If momentum follows through, target zones are set at $0.9575 and $2.7400. Keep an eye on volume and market sentiment for confirmation! $AEVO #BinanceAlphaAlert #DYOR
Analysis: #VETUSDT is navigating a critical moment with the broadening wedge formation. This setup hints at potential volatility. A break above the resistance zone could signal bullish momentum, but a drop might mean bearish pressure is still at play.
Price Targets: Key resistance to watch is at $0.06067. If #VET pulls back to support, look for $0.03811 as a bounce point. A daily close below $0.03119 could invalidate bullish scenarios and suggest further downside. $VET #MarketRebound #DYOR