DeepSeek AI Model Drives Bearish Pressure on U.S. Stock FuturesDeepSeek Model Sparks Decline in U.S. Stock Futures
U.S. equity index futures are experiencing a significant decline on Monday, driven by the overwhelming popularity of DeepSeek, an inexpensive Chinese artificial intelligence model. This has triggered a selloff in AI-related stocks, with megacap companies like Nvidia being particularly impacted.
S&P 500 Analysis
The S&P 500 has dropped over 5.00%, primarily due to the release of this cost-efficient AI model in China. The market remains under bearish pressure, particularly as U.S. stocks, including Nvidia, have already experienced substantial losses, with Nvidia alone losing approximately $400 billion in market capitalization amid this development.
As long as the price remains below 6,020, the market is likely to see bearish and volatile activity. A break below 5,969 could signal further declines toward 5,937 and 5,863.
Key Levels:
Pivot Point: 5970
Resistance Levels: 6000, 6020, 6051
Support Levels: 5937, 5890, 5863
Trend Outlook
Bearish with Volatility
AI
Hobo is Deepseek exposure: could run hard!The market has woken up to bad news from China with Deepseek. Not going into detail but its generally bad for semiconductors, especially NVDA - which is quite high priced (understatement).
Been looking for opportunities on the other side of this trade and found HOLO. They will be using DeepSeek R1 as the model for their holographic AI engine. Thing is: Deepseek is the hype (just like AI and Quantum was before) and HOLO is probably one of the few stocks that offers exposure AND its only sitting at a 33 million market cap. Jokes, much higher! First target: $7, if rally can sustain for multiple weeks: $18.
I literally just bought, i honestly dont care if it pumped 50% pre-market - its a sign of strength. Let's see, obviously a risky play but also makes a lot of sense. Chart looks good after a retest of previous resistance.
27/01/25 Weekly outlookLast weeks high: $109,555.48
Last weeks low: $99,643.66
Midpoint: $104,599.57
A new Bitcoin ATH as President Trumps second term officially begins! Just shy of $110K with a much tighter range of $10k from range low to high leaves Bitcoin in a very interesting place going into what has been called the first "pro-crypto" administration.
Now the weekly close is an interesting one as there is a clear sell-off that has continued at time of writing bringing the price down below the weekly low. This has been a common theme in recent weeks as either a bearish SFP of the weekly high early in the week resulting in a sell-off for the remaining days. Or the opposite were a sweep of the weekly low early on results in a recover rally for the rest of the week. As of right now the later is in play but what is causing this sell-off this time?
The AI issue:
The recent headlines have been that the US wants to win the AI war and be the dominant force in what is possibly the most important product of the future. OpenAI, Grok, Meta etc all have AI products and services and the US government hope that by backing these companies the US can be the victors of this race. However, the game has changed with the release of "DeepSeek R1" a chinese AI competitor with some remarkable attributes that has the US stock market very worried as reflected in the pre-market.
DeepSeek R1 was reportedly built for $6m, now this is a Chinese company and therefor any numbers should be taken with a pinch of salt but OpenAI has raised $17.9B for ChatGPT and many now see DeepSeek as a superior product in many ways:
- Less GPU intensive due to a more efficient and streamlined model, this is mainly why NVIDIA pre-market is down 11% at time of writing, investors are seeing that perhaps US companies have overblown the demand for GPU's as the product they are making is not optimised in comparison.
- Considerably cheaper due to this streamlined approach, personally this is a symptom of how America has been operating as a nation since the pandemic, a severe lack of efficiency made up for by throwing insane amounts of capital at the problem with no thought as to where the money comes from (printed via QE & tax payer funding). DeepSeek just proved why Trumps planned approach of getting value for money and increasing efficiency is a winning formula, anything else is unsustainable.
- Open source code, we would expect the company called OpenAI that was founded on the basis of transparency and the mission to do good as a non-profit would be the product that has publicly available code, but no that would be DeepSeek... This further compounds just how out of touch the US based AI companies have got, the quest for revenue has taken over as the mission goal, which in the case of AI is very dangerous.
To conclude the AI problem, the Chinese AI product is cheaper, more efficient and more transparent that current US based products and that is why indirectly BTC took a tumble.
On the data news this week FOMC is on Wednesday, the forecast is for interest rates to remain unchanged however the volatility of FOMC often leads to interesting price action, this could be another reason for the sell-off as de-risking takes place.
For this week I am looking at using the chaos to find goo d long entries, I still think that Feb-March looks good until I have reason to think otherwise. Weekly low is a key S/R level that will determine by bias in the short term until then.
TL;DR
- DeepSeek R1 worrying investors of US AI companies as the Chinese AI product is far cheaper, more efficient and more transparent. US stocks down on pre-market.
- FOMC midweek, first of Trump admin, volatility expected.
- Weekly low key S/R level for BTC
Nasdaq Drops 5% as China's Low-Cost AI Disrupts U.S. Tech SectorNasdaq Futures Decline as China's AI Development Challenges Big Tech
Futures tied to the tech-heavy Nasdaq index fell significantly on Monday following the launch of a highly popular, low-cost Chinese artificial intelligence model, which triggered a selloff in AI-related stocks. Megacap companies, including Nvidia, experienced sharp declines as a result.
The downturn was driven by Chinese startup DeepSeek's introduction of a free AI assistant, which utilizes more affordable chips and less data. This development challenges the prevailing market expectation that AI demand will continue to boost a supply chain ranging from chip manufacturers to data centers.
USNAS100 Technical Analysis
The Nasdaq index has dropped by over 5.00%, primarily due to the release of a cost-efficient AI system in China. This development has disrupted market sentiment and negatively impacted U.S.-based AI companies, reinforcing bearish trends within the sector.
The market for indices is expected to remain highly volatile, but technical indicators suggest that the price is likely to oscillate between 20,660 and 20,990 until a breakout occurs. Currently, the price is attempting to reverse at 20,990. If the upcoming 4-hour candle closes below this level, it will likely decline to 20,660. Conversely, a 1-hour or 4-hour candle closing above 21,215 could signal a bullish trend, potentially driving the price upward toward 21,380 and 21,630, particularly if earnings reports reflect strong revenue performance.
Key Levels
Pivot Point: 20880
Resistance Levels: 20990, 21215, 21380
Support Levels: 20660, 20550, 20330
Trend Outlook
Consolidation Zone: 20990 to 20660
Bearish: Below 20660 and 20550
Bullish: Above 21215
Previous idea:
BFTD on $GAME AI AGENTGAME enables AI agents to function independently, analysing inputs and crafting responses while gaining insights from previous interactions. It boosts decision-making capabilities by utilising long-term memory, which encompasses experiences, reflections, and evolving personality traits. Through ongoing assessment of the results from actions and dialogues, GAME allows agents to enhance their understanding and elevate their planning and performance as time progresses.
Following an incredible surge in the crypto market, which propelled its market cap to an impressive $370 million, a golden opportunity has emerged to capitalise on the dip. This groundbreaking protocol is gearing up to reach a staggering $1 billion. Now is the moment to buy the dip and buckle up for an exhilarating ascent.
TradeCityPro | AIOZ: Harnessing AI in Crypto's Competitive Arena👋 Welcome to TradeCityPro!
In this analysis, I want to review the AIOZ coin for you. This project is one of the AI projects and competes with other numerous AI crypto projects.
📅 Daily Time Frame
In the daily timeframe, we are observing a ranging trend that is slightly accompanied by bullish momentum, and there is a possibility of breaking the range ceiling and becoming bullish.
🔍 Currently, the price has started a bullish trend from the low of 0.36363, reaching up to 1.20904, and is now in a correction and rest phase. The correctional range box is between 0.73691 to 1.20904.
📊 The support at 0.73691, which overlaps with the 0.382 Fibonacci correction, has created an important PRZ (Potential Reversal Zone). Currently, for the third time, the support at 0.73691 is being tested, and every time the price reaches this area, a volume of buying enters the market, and this time, as we are seeing today, a significant amount of buying volume has entered.
✨ The RSI oscillator currently does not have a specific trigger, and we need to wait until the price breaks one of the important areas. If the support at 0.73691 is broken, the RSI trigger would be breaking below 30, and if 1.20904 is breached, the trigger for this oscillator would be breaking above 70 and entering the Overbuy zone.
📉 If the support at 0.73691 is broken, the next supports are the 0.5 and 0.618 Fibonacci areas, with the 0.618 zone overlapping at 0.55669, which makes this area more significant. If this area is breached, it can be said that the bullish momentum is completely lost, and the price could move towards 0.36363.
🔼 The main support is at 0.36363, which is very important, and if this level is broken, it confirms a trend change. On the other hand, if 1.20904 is broken, it confirms the trend turning bullish, and we could witness the next bullish leg.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
RVSN | AI Tech for the Railroad Industry | LONGRail Vision Ltd. engages in the design, development, and manufacture of a technology that focuses on cognitive vision and safety system for the railway industry. It operates through the following segments: Locomotives for Shunting Yards, Locomotives for Passenger and Freight Trains, and Light Rail Vehicle. The Locomotives for Shunting Yards segment focuses on the sale of RV200 system to shunting yard operators. The Locomotives for Passenger and Freight Trains segment promotes sales to passenger and freight train operators. The Light Rail Vehicle segment are in the process of developing an LRV system that will be designed for the light rail market segment. The company was founded by Elen Katz, Shahar Hania, Noam Teich, and Yuval Isbi in 2015 and is headquartered in Ra'anana, Israel.
A big move is brewing on this AI CoinAI the hypest narrative in the space today.
This coin has an interesting use case.
But most of all, the market cap is low enough for it to rip up.
The chart looks extremely bullish.
And perpetual funding rates keep oscillating into negative territory, possible due to large amounts of shorts piling in - meaning, a short squeeze is inevitable.
CONVO AI AGENT CAN return to its BULL trend.The Prefrontal Cortex Convo agent represents a cutting-edge AI designed for engaging and dynamic dialogues. It combines perception, long-term memory, and decision-making capabilities to provide tailored, context-sensitive replies. In contrast to conventional agents, it thoughtfully determines its responses, facilitating in-depth discussions, remembering details from previous interactions, and making independent choices.
At present, it supports over 200 agents and has successfully handled more than 1,000,000 requests within just the first two months.
AI Electricity demand powering up #NRG to $253NRG Energy, Inc. (NYSE:NRG) is a prominent energy and home services provider operating across the United States and Canada. The company is strategically positioning itself as a significant player in the AI sector, driven by its production and distribution of electricity, which is crucial for meeting the energy demands of both businesses and consumers in the AI realm. Remarkably, North America has experienced a spike in electricity demand for the first time in almost forty years. Larry Coben, the CEO of NRG, highlighted that the trends in electrification, along with the expected rise of generative AI data centers, indicate a substantial increase in power requirements. He noted that these trends are paving the way for the company to reach its goal of achieving 15% to 20% growth in free cash flow.
RingCentral | RNG | Long at $35.17RingCentral NYSE:RNG analysis:
The Good:
Revenues grew every from 2017 (~$500 million) to Q3 of 2024 ($2.3 billion) and recently adjusted to a "beat" for 2024 as a whole.
Gross profit in Q3 of 2024 was $1.6 billion and has increased every year since 2019
Price-to-sales: 1.3x (industry average 5.7x)
Rising free cash flow
EBITDA positive at $190 million in Q3 of 2024
From a technical analysis perspective, my historical simple moving average has converged with the price which often leads to a future share price increase. However, it could trade sideways for a while before breaking through.
The Bad:
Competition, especially Microsoft Teams and other similar products in the market reducing or eliminating growth (although, this hasn't happened just yet).
Recent insider selling
Debt: $1.58 billion
At $35.17, NYSE:RNG is in a personal buy zone. If there is a dip in the price, I anticipate the price gap in the low $30's to be filled or in a dire situation, a drop to the mid-$20's.
Targets:
$40.00
$45.00
$50.00
$200.00 (if momentum kicks for a long-term outlook)
HolderStat | AI agents are your new profit 🤖 AI agents are artificial intelligence-driven programs that operate autonomously on the blockchain to analyze data and perform tasks.
Top AI agents:
1️⃣ VIRTUAL - a platform for developing and managing AI agents 🛠️
2️⃣ AI16Z - an AI-managed venture capital fund to which token holders can pitch projects for investment 💰
3️⃣ AIXBT - an agent that analyzes trends in crypto. Token holders can access the analytics platform, but beyond that, the AI agent runs the platform in X 📊
_____________________
👉 Want more posts? Like and subscribe to stay up to date!
Always DYOR! 🔬
Nvidia. Analysis and Price Forecast: A Strategic OutlookIntroduction:
Nvidia Inc. (NASDAQ: NVDA) continues to be at the forefront of the AI and semiconductor revolution, showcasing robust innovation and a compelling business model. This analysis leverages advanced tools such as TheWaved™ and utilizes VSA Analysis, Technical Indicators, Price Action, and Fundamental Analysis to craft a comprehensive forecast.
Recent Price Movements and Key Patterns:
1. Candle Pattern Analysis:
From the provided patterns sequence data:
January 13, 2025, 14:00:
Pattern: "Increased Buy Volumes"
Movement: +6.69% from open to close, suggesting strong buyer activity and market confidence.
January 10, 2025, 16:00:
Pattern: "Buy Volumes Take Over"
Movement: -5.7%, indicating potential sell-offs after profit-taking.
These patterns highlight the recent tug-of-war between buyers and sellers, creating opportunities for strategic entries and exits.
2. Key Levels and Trend Analysis:
From technicals:
Current Price: $135.19
Resistance Levels:
Short-Term: $139.48 (MA200 on the hourly chart)
Mid-Term: $141.15 (MA100)
Support Levels:
Immediate: $127.30
Key Support Zone: $123.69-$127.30
Nvidia's price is trading below critical moving averages (e.g., MA50 and MA200), suggesting a potential rebound or consolidation phase before further directional movement.
Multi-Dimensional Analysis:
1. Volume Spread Analysis (VSA):
Analysis: Strong buy patterns are evident, with significant volume upticks near critical support zones. This implies institutional interest in accumulation phases.
Prediction: Anticipate continuation of buying pressure if price stabilizes above $135. Resistance at $140 may pose challenges in the short term.
2. Fundamental Insights:
Nvidia’s Q4 earnings report showed record revenue driven by AI GPU demand.
Major customers in cloud computing and automotive industries continue to bolster growth.
However, rising interest rates and potential geopolitical risks (e.g., China’s tech policies) might pressure valuations.
3. Price Action Analysis:
Recent bullish engulfing candles near $127 indicate buyer confidence.
Price may revisit $130 before testing $140. Breaking $140 could pave the way to retest $150 (January’s absolute high).
Projections:
Short-Term (1 Week):
Target: $138.50
Stop-Loss: $132.00
Rationale: A breakout above MA50 ($136.93) will signal short-term bullish momentum.
Mid-Term (1 Month):
Target: $145.00
Stop-Loss: $130.00
Rationale: Stabilization above $140 supported by institutional buying and potential macroeconomic support.
Long-Term (3-6 Months):
Target: $160.00
Stop-Loss: $125.00
Rationale: Continued demand for Nvidia’s GPUs in AI and automotive applications combined with broader tech sector recovery.
Strategic Recommendations:
Support Levels:
-
1. 127.3
2. 123.69
3. 113.9
4. 90.4855
5. 87.88
Resistance Levels:
-
1. 127.3
2. 123.69
3. 113.9
4. 90.4855
5. 87.88
Powerful Support Levels:
-
Powerful Resistance Levels:
-
1. 89.599
2. 89.599
3. 63.974
4. 63.974
5. 48.462
Above $160: Consider reducing positions to hedge against potential market corrections.
3. Stop-Loss & Risk Management:
Strict stop-loss at $130 for short-term trades.
Trail stops to lock profits as price moves favorably.
Tools and Insights:
Analysis powered by TheWaved™, leveraging decades of professional experience and cutting-edge analytics. Key insights have been shared to align with both retail and institutional perspectives.
Call to Action:
For personalized queries or deeper insights into Nvidia’s price action, feel free to reach out via direct message. Explore our tools and indicators through the link in our profile.
Concept of Rays
Explanation of the "Rays from the Beginning of Movement" Concept
Core Idea
My proprietary analysis method is based on using rays constructed on Fibonacci mathematical and geometric principles. These rays create a system of dynamic levels that help predict precise asset movements and identify key zones where price interactions occur. Price interaction with these rays signals probable scenarios: either a reversal or a continuation of movement, but only after interaction and the appearance of dynamic factors and patterns.
Why Predicting Specific Levels is Not Possible
Financial markets are nonlinear systems, where price movement is determined by numerous variables, including market volumes, liquidity, macroeconomic factors, and participant psychology. Instead of attempting to predict specific levels, I propose analyzing probabilities of price reaction at pre-calculated key zones. Price interaction with rays provides additional insights into the direction and strength of movement.
Disclaimer: This analysis reflects the author’s perspective based on available data and does not constitute financial advice. Trading involves risks; ensure proper due diligence.
Follow TheWaved for more actionable insights!
AI TOKEN: MAJOR ACCUMULATION COMPLETE - BREAKOUT IMMINENT $AI/USDT 1D Analysis
🎯 STRONG ACCUMULATION PATTERN
Current Status:
• Price: $0.6059 (-0.08%)
• Volume: 5.45M
• Rising trendline support (gray)
• Major resistance: $0.8-1.0 (descending line)
KEY ZONES:
• Historical ATH: $1.60-1.80
• Accumulation: $0.35-0.45 (completed)
• Current Support: $0.60
FORECAST (brown projection):
- Breaking descending resistance
- Targeting ATH zone $1.60-1.80
- Pattern suggests strong upside potential
STRATEGY:
• Buy Zone: $0.55-0.60
• Stop Loss: < $0.51
• Targets: $1.00, $1.60, $1.80
• R:R = 1:4
#Crypto #TechnicalAnalysis #Trading
AI Analysis (1D)It seems the AI is completing an expanding pattern in the form of wave b of B.
The red zone is where wave C of this expanding pattern, which is a diamond-shaped diametric, could potentially end.
The safe zone for rebuying is the green zone, which acts as an ideal order block.
Trigger a position whenever you enter.
Let's see what happens next.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
AI Era + QUBIC = Low Risk, High Reward – Don’t Miss This!I like the weekly chart for GATEIO:QUBICUSDT and the strength it's showing today, especially considering that many other coins are in the red.
I'm placing some bids here and will stay patient if it dips a bit lower. I also believe the AI narrative will gain momentum soon.
Alikze »» AI| Bullish Scenario - 1H🔍 Technical analysis: Bullish Scenario - 1H
📣 BINANCE:AIUSDT
🟢 If this price reversal meets support and reversal to the green box area and the Invalidation LVL bar is not touched. The currency correction is complete.
🟢 In the medium term, it will be ready to continue the upward rally.
🟢 If the area is touched. The correction will continue, which in the higher time frame can continue to the bottom of the ascending channel and the blue bar of the 0.39 range and be ready to continue the upward trend by forming a reversal pattern.
💎 The second scenario, if the Entry Area area is touched, it can have an upward trend in the short term by creating demand.
💎 In addition, if the Entry Area is broken, there is a possibility of further correction.
»»»«««»»»«««»»»«««
Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future.
Thanks for your continued support.🙏
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
From Market Underdog to Tech Titan| AppLovin’s Explosive Growth AppLovin: Making Ads Great Again, One Algorithm at a Time
AppLovin Corp, a prominent software company valued at $57 billion, offers an advanced mobile marketing platform. Over the past year, its stock price has surged by an impressive 500%, far outpacing the S&P 500’s 39% increase. The company’s financial growth is equally remarkable, with a year over year revenue boost of 40%, a 188% jump in operating profits, and a 300% surge in net income in its latest quarterly report
With 40% of the company held by insiders and a shareholder friendly stance that includes share buybacks, AppLovin presents a compelling investment opportunity. Additionally, its valuation remains competitive relative to other software companies, supporting my "buy" rating.
From Ad Nerds to Tech Lords, AppLovin’s Secret to Winning Over Wall Street
AppLovin operates a comprehensive software platform that helps clients achieve crucial KPIs, such as revenue growth and business expansion. Leveraging AI, its software platform stands out as a powerful tool for advertisers, providing capabilities like automated marketing, customer engagement, and monetization. It’s built to optimize targeted content delivery to the most suitable audience, supported by analytics and monetization features that drive maximum value.
At the core of AppLovin’s technology is AXON, an AI engine that powers AppDiscovery. This feature matches advertiser demand with publishing opportunities through a sophisticated real-time auction algorithm, shifting from traditional waterfall systems to an intelligent, programmatic approach.
AppLovin has positioned itself as a leader in the future of advertising, driven by its cutting-edge AI capabilities. I believe there’s immense growth potential here that the company is just beginning to explore.
Performance
In the third quarter, AppLovin reported a 39% year-over-year revenue increase, moving from $864 million to $1.2 billion. This marks its highest-ever quarterly revenue and extends its streak of sequential topline gains to seven quarters. For the first nine months of 2024, AppLovin saw a 43% year-to-date revenue increase, largely fueled by a 76% rise in software platform revenue. This growth was driven by AppDiscovery, whose installations surged by 39% in Q3, underscoring its strong appeal to advertisers.
Beyond software platform growth, AppLovin’s in-app purchases and advertising revenues also increased modestly by 3% and 7%, respectively, despite challenging comparisons, supported by a 53% boost in advertising impressions.
The company achieved record operating cash flows of over $550 million in Q3, alongside significant margin improvements across gross, operating, and EBITDA levels. These gains highlight the company’s explosive growth and underscore the stock’s 500% rise over the past year.
Given AppLovin’s strategic success and positive advertiser response, I anticipate ongoing improvements in cash flow and profit margins. With over $3.3 billion spent on share buybacks since 2022—$980 million in 2024 alone—the company continues to reward its shareholders while capitalizing on its profitable AI-driven platform.
Valuation
Although APP’s trailing P/E ratio of 74.52 and PS ratio of 19.33 might appear high compared to the IT sector averages, a comparison with peers in the Application Software industry reveals a different perspective.
In a peer group of large software companies, APP ranks third in EV/Sales ratio at 18.65 but also boasts a forward topline growth rate of over 24.1%, placing it among the top performers. This high growth potential appears to justify the stock’s premium, positioning it attractively in terms of PS ratio relative to anticipated growth.
Despite recent heavy buying, APP remains an appealing value investment. As long as it maintains its relative positioning, I continue to view the stock favorably.
Risks
Despite my optimism, I recognize that AppLovin’s momentum could be part of a broader AI-driven market surge, raising concerns about a potential AI bubble. If the market faces a downturn similar to the dot-com bubble, APP could experience a sharper decline than its peers, especially given its relatively weak balance sheet.
Additionally, with an RSI of 96 signaling heavy overbuying, there may be potential for a future correction. While APP’s 500% rise is impressive, it could be vulnerable if the market undergoes a broader correction
Conclusion
Advertising is on the cusp of an AI driven transformation, and AppLovin is well-positioned to capitalize on this shift with its powerful AI-enabled platform. Despite the stock’s impressive 12-month performance, there’s still significant growth potential
TradeCityPro | FET: Exploring the AI-Driven Ascendancy👋 Welcome to TradeCityPro!
In this analysis, I will examine the coin FET, a project within the artificial intelligence sector that experienced significant growth during last year's AI hype.
📅 Weekly Timeframe
In the weekly timeframe, we see an ascending trend line starting from a low of $0.058 and extending to a new ATH at $3.099. Currently, the price has responded to this region during a corrective phase, but it has technically broken this trend line in terms of time.
🔍 Although the price is no longer above the ascending trend line, it does not signify a definitive break of the trend line as the drop and bullish momentum have not directly caused a breach. The price range has resulted in a temporal break, so I personally do not consider the trend line broken yet and will wait to observe clear price momentum.
📊 Should the price gain upward momentum and the RSI return above 50, we can anticipate a rise to retest the $3.099 resistance. If this movement occurs alongside an increase in buying volume, the price might even break above this level. In such a scenario, the Fibonacci 1.0 target, which is approximately $12.6, could be reachable.
🔽 In case of further correction, the initial support is at $0.810, a significant PRZ overlapping with the Fibonacci 0.5 area. If this level breaks, subsequent supports at Fibonacci 0.618, identified on the chart as $0.488, will be tested. A break below $0.488 could signal a bearish phase as the next major support lies at $0.185. The first trigger for bearish momentum entering the market would be a break below 44.12 on the RSI.
📅 Daily Timeframe
The daily timeframe displays a range between $1.114 and $2.165. Currently, the price is at the lower end of this box, forming a descending trend line. If the price is supported at the box’s base and breaks the trend line, we can expect a move towards the upper boundary, supported by good buying volume.
🔼 If the trend line is broken, the first long position trigger is at $1.408. Concurrent breakage of this support with the RSI surpassing 50 would serve as a robust confirmation.
📉 Moreover, the bearish momentum in the market is significant, weakening the $1.114 support with repeated tests. A breach here could lead to price declines toward $0.810 and $0.488.
🧩 Overall, movements of altcoins like FET, which have a market cap below $10 billion, are greatly influenced by indices like TOTAL and TOTAL2. Thus, it is advisable to take cues from broader market indices and major coins like Bitcoin and Ethereum before making entry decisions in such altcoins.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️