Breaking: $BERA dips -50% Just A Day After Listing. The cryptocurrency market is no stranger to volatility, and the recent performance of BIST:BERA , the native token of Berachain, is a testament to this. Launched just yesterday, BIST:BERA has already experienced a whirlwind of price action, capturing the attention of traders and investors alike. After an initial surge of 650%, the token has since dipped by 50%, currently trading at $7 per coin. This dramatic price movement has left many wondering: Is this a temporary shakeout or a sign of deeper issues?
Technical Analysis
From a technical perspective, BIST:BERA ’s price action is forming a symmetrical triangle pattern on its daily chart. This pattern is typically a continuation signal, suggesting that the asset is consolidating before making its next significant move. The key levels to watch are the upper resistance (ceiling) and the lower support (floor) of the triangle.
- Bullish Scenario: If BIST:BERA breaks above the triangle’s ceiling, it could trigger a bullish run with an estimated upside potential of 107%. This would likely attract fresh buying interest, pushing the price toward new highs.
- Bearish Scenario: Conversely, if the price fails to break out and instead falls below the triangle’s support level, BIST:BERA could test the $5 support zone. This scenario would likely be driven by profit-taking from early investors and airdrop participants.
The current price dip of 28.06% in the last 24 hours may seem alarming, but it could also be a healthy correction after the initial euphoria. The symmetrical triangle pattern suggests that the market is undecided, and the next major move will depend on whether buyers or sellers gain control.
Berachain’s Innovative Approach to Blockchain
Beyond the price action, BIST:BERA ’s underlying technology and ecosystem are worth examining. Berachain is not just another Layer 1 blockchain; it introduces several innovative features that set it apart from its competitors.
1. Proof of Liquidity (PoL): A Novel Consensus Mechanism
Berachain’s Proof of Liquidity (PoL) is a groundbreaking consensus mechanism that aligns network security with liquidity provision. Unlike traditional Proof of Work (PoW) or Proof of Stake (PoS) systems, PoL incentivizes users to provide liquidity to the network, ensuring a more robust and efficient ecosystem.
2. EVM Compatibility and Modular Design
Berachain is fully compatible with the Ethereum Virtual Machine (EVM), making it an attractive option for developers looking to build or migrate decentralized applications (dApps). Its modular design allows for the creation of customized Layer 1 blockchains without sacrificing interoperability or performance.
3. Two-Token Model: BERA and BGT
Berachain operates on a unique two-token model:
- BERA: Used for gas fees and staking, BERA is the utility token that powers the network.
- BGT: A non-transferable governance and rewards token, BGT aligns the interests of network participants by incentivizing long-term engagement.
Market Sentiment and Exchange Listings
The current market cap of $806 million and a circulating supply of 107.48 million BERA coins indicate that the token is still in its early stages. With a max supply yet to be determined, BIST:BERA has room for growth as the ecosystem matures and adoption increases.
Conclusion
While the 50% dip may deter some investors, the technical and fundamental factors suggest that this could be a buying opportunity for those with a higher risk tolerance.
As always, it’s crucial to conduct thorough research and consider your risk appetite before investing in any cryptocurrency. BIST:BERA ’s journey is just beginning, and its future will depend on both market dynamics and the team’s ability to deliver on its ambitious vision. Whether you’re a trader or a hodler, BIST:BERA is undoubtedly a coin to watch in the coming weeks and months.
Altcoins
TOSHI/USD Bearish Phase is Over! Is a Bullish Breakout Coming?After a prolonged bearish correction, TOSHI/USD is flashing signals of a potential breakout. If you're still stuck in a bearish mindset, you might be missing the next big move!
🔥 Key Bullish Signals:
✅ Higher Lows Forming – Buyers stepping in at stronger levels.
✅ Volume Surge
💡 Trading Idea:
🎯 Long Entry: Look for confirmation above with strong volume.
📢 Final Takeaway: If TOSHI/USD holds key support and breaks resistance, we could see a strong rally. Stay alert and trade smart!
💬 What’s your outlook on TOSHI? Drop your thoughts below! 👇
#TOSHIUSD #CryptoTrading #BullishBreakout #TradingIdeas #TrendReversal #Altcoins #CryptoMarket
Phemex Analysis #57: How to Trade XRP Like A ProXRP has been on a wild ride. Following our last analysis on December 11th , XRP peaked at $3.40, only to plummet nearly 50% to $1.76 after forming a third higher top with RSI divergence. Recently, we've seen a resurgence, with XRP climbing back up to around $2.36 – a 34% rebound. But where does it go from here? Is this a prime "buy the dip" opportunity for long-term holders, or is further downside on the horizon? Let's explore some potential scenarios.
Scenario 1: Building a Base for a Comeback
Imagine XRP consolidating its recent gains. Instead of another sharp drop, it finds a footing, establishing a base around $2, or even down to $1.80 if current support falters.
This scenario would be characterized by: Accumulation signs near these levels, with higher RSI values and lower trading volume compared to the previous declines. This could indicate renewed buying interest.
Pro Tips:
Closely monitor volume and RSI. If they align with base-building conditions (higher RSI and lower volume), consider gradually entering long positions. Crucially, set stop-losses below key support levels to manage risk.
Scenario 2: The Bear's Grip Tightens
Now, picture this: The recent rally loses steam, and XRP breaks below critical support. A sharp drop below $2, accompanied by high trading volume and lower RSI compared to the fall from $3.40, could signal further trouble.
In this bearish scenario, traders should brace for potentially deeper declines towards support zones around $1.3, $1.0 or even historical lows seen in past bear markets.
Pro Tips:
Exercise caution. Avoid entering trades until a clear direction emerges. Consider shorting opportunities if the price breaks below key supports (e.g., near or below current lows) with higher volume and lower RSI than previous drops.
Scenario 3: A Period of Calm – Consolidation
Another possibility is that XRP enters a period of consolidation, fluctuating between resistance around $3 and support near $2. During this period of reduced volatility:
Traders can capitalize using Phemex Grid trading bots to capitalize profits from these small price fluctuations.
Pro Tips:
Set up long grid bots near the lower boundary (support) to buy as prices rebound. Position short grid bots near the upper boundary (resistance) to sell as prices approach. Remember, stop-losses are essential to manage risk if the price breaks out above resistance or falls below support.
The Big Picture: Staying Ahead of the Curve
Trading XRP requires a keen awareness of both broader cryptocurrency market trends and Ripple-specific news, such as regulatory developments that could impact investor confidence.
Whether you're navigating a sharp drop (Scenario 2), capitalizing on consolidation (Scenario 3), or preparing for other potential scenarios, discipline and adaptability are paramount. By staying informed, managing risk, and adapting to changing conditions, you can trade XRP Like A Pro!
Final Tips:
Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Ondo Surges 11% Amid ONDO Chain Launch and Institutional BackingOndo Finance has made headlines with the launch of Ondo Chain, a Layer 1 blockchain designed to accelerate the adoption of tokenized real-world assets (RWAs). The development has sparked significant investor interest, pushing ONDO’s price up 11% amid broader market fluctuations. With major financial institutions backing the project and recent investments pouring into ONDO, could the token be on track to reach a new all-time high (ATH)?
Ondo Chain: A Game-Changer for Tokenized Securities
On February 6, 2025, Ondo Finance announced the launch of Ondo Chain, a blockchain solution aimed at bridging traditional finance (TradFi) with decentralized finance (DeFi). The platform is set to provide compliance-focused infrastructure for institutions seeking exposure to tokenized stocks, bonds, and ETFs.
By leveraging the benefits of both public and permissioned blockchains, Ondo Chain offers institutional-grade security while maintaining the accessibility of public networks. Key features include:
- Lower transaction fees
- Improved liquidity for tokenized assets
- Regulatory compliance through permissioned validators
- Staking mechanisms for passive income generation
- Native omnichain bridging for seamless asset transfers
Several high-profile financial institutions, including Franklin Templeton, Wellington Management, and WisdomTree, have expressed support for Ondo Chain, signaling strong institutional confidence in the project.
Institutional Investment Boost: World Liberty Financial Bets Big on ONDO
One of the most notable bullish signals for ONDO came from World Liberty Financial, an investment firm backed by former U.S. President Donald Trump. On the same day as the Ondo Chain announcement, the firm purchased $470,000 worth of ONDO tokens, marking its second investment in two months.
Blockchain data reveals that World Liberty Financial previously acquired $245,000 worth of ONDO, making this latest purchase a reinforcement of its long-term commitment to the token. The firm has also accumulated assets like TRX and Wrapped Bitcoin (WBTC), showcasing a growing interest in blockchain-based financial markets.
Technical Analysis
As of the time of writing, ONDO is up 4.14%, consolidating after an 11% rally. The technical indicators suggest that ONDO is at a pivotal point:
- RSI at 50: This neutral position indicates neither overbought nor oversold conditions, leaving room for further upside if market sentiment remains bullish.
- Moving Averages (MA) Alignment: ONDO’s price movement is in sync with key moving averages. A breakout above these MAs could trigger a bullish surge toward the previous ATH.
- Fibonacci Levels: ONDO is hovering around critical Fibonacci retracement levels:
- 61.8% Fibonacci support: This serves as a strong downside cushion in case of a pullback.
- 38.2% Fibonacci resistance: A breakout above this level could fuel a rally toward ONDO’s one-month high and potentially push it beyond previous highs.
With the broader crypto market stabilizing after recent sell-offs, ONDO appears to be positioned for further gains, provided it can break key resistance levels.
Will ONDO Reach a New ATH?
Ondo Finance’s recent developments, coupled with strong institutional backing, set the stage for ONDO to potentially hit new highs. The launch of Ondo Chain addresses key inefficiencies in tokenized finance, making it an attractive proposition for institutional players. Additionally, technical indicators suggest that ONDO is at a crucial inflection point, with a breakout above key levels potentially driving a bullish continuation.
SEI | ALTCOINS | +150% Bounce Zone TARGETSEI is an altcoin that bounces well from support zones and therefore excellent to trade as a swing trade.
You can confirm that SEI bounces from support zones by taking a look at this post I made in August last year, just before SEI increased 232%:
For the short term, there seems to be no clear indication of a turnaround, but the good news is that a better buy zone is approaching for the next impulse wave up - which could be a really big swing.
_____________________
BINANCE:SEIUSDT
$OTHERS are bleeding, but it will stop soon! Be prepared!Altcoins are bleeding heavily. In my previous analysis, I identified the reversal and the initial bounce that led to the small altseason in December 2024. However, it was rejected twice, forming a double top, and now this pattern is playing out.
I understand the frustration, but things cannot keep going down forever. I’ve marked the possible resistance levels with green lines.
The MACD is still strongly bearish, but we’re nearing the end of this trend. A couple more weeks may be needed for a bullish MACD crossover.
The RSI supports this outlook, showing we’re close to the bottom.
A little more patience, and recovery will begin. From this chart, I can confidently say that accumulating now is likely to pay off when the bounce occurs.
Some coins are looking very cheap right now: CRYPTOCAP:PEPE , CRYPTOCAP:INJ , BME:UNI , SEED_DONKEYDAN_MARKET_CAP:BONK , SEED_DONKEYDAN_MARKET_CAP:FLOKI , CRYPTOCAP:SUI , etc.
The next mini altseason is approaching, and you could potentially see x2 or more gains by holding these coins at their current prices.
Another leg down is possible, so be prepared to buy the dip!
DYOR (Do Your Own Research).
ALTCOINS testing the 1W MA200. Is the Altseason alive?The Crypto Total Market Cap excluding the top 10 coins hit this week the 1W MA200 for the first time since the week of the U.S. elections in early November. Last time that was a huge buy entry. One more rebound here will be in our perspective the decisive one to start the usual Altseason of the last year of each Cycle. A +931.44% rise as in the last Cycle would put the market over 2 Trillion in capitalization and won't even be on the top of the 7 year Channel Up.
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TOTAL DAILY The flash crash of Monday took TOTAL all the way down under the previous cycles high and tapped the 1D 200 EMA before reacting well to move price between the DAILY RESISTANCE & SUPPORT.
For me I still think crypto has space to grow, seasonality tells us the first quarter of a bullrun year is great in terms of returns with a tail off in Q2-3, coupled with the US administration being pro crypto and the looming strategic reserve getting closer, ETFs relentlessly buying Bitcoin, same with MicroStrategy.
The two entry options for me are when the wick gets filled and a reclaims the '21 ATH once again, that would sweep the demand zone and take out a lot of stop losses before targeting the DAILY RESISTANCE and the HIGHS.
Another entry would have to be a reclaim of the DAILY RESISTANCE, I would be worried that the wick still needs filling but maybe it would be during the bear market. For that reason a close SL would be useful.
BTC dominance .... Bitcoin: The King, But Not Everything!Crypto is More Than Just Bitcoin; Just Like Automobiles Are More Than One Brand!
In the world of digital currencies, many newcomers have only heard of "Bitcoin" and assume that the entire crypto market revolves around it. However, just as the automobile industry is not limited to a single brand, the crypto world is also filled with innovative projects and diverse digital assets, each with its own unique applications and features.
Bitcoin: The King, But Not Everything!
Bitcoin is the first and largest cryptocurrency by market capitalization. It is considered digital gold and serves as a store of value. But that's not the whole story! If we compare Bitcoin to brands like "Ferrari" or "Lamborghini," which are luxurious and powerful, other cryptocurrencies can be likened to different car brands, each with its own unique functionalities and purposes.
Altcoins: The Major Players in the Crypto World
Ethereum (ETH): If Bitcoin is Ferrari, Ethereum is like Tesla—a platform that has paved a new path in blockchain technology. Smart contracts and decentralized applications (DApps) run on its network.
Polkadot (DOT): Polkadot is like a versatile car, such as the BMW X5, allowing interoperability between different blockchain networks and enhancing cross-chain communication.
Chainlink (LINK): Chainlink is akin to a secure and smart car like Volvo, acting as an oracle in the blockchain space, connecting real-world data to smart contracts.
Solana (SOL): This cryptocurrency is like a sports car, such as Porsche—fast, scalable, and with low fees, making it highly popular among developers.
Cardano (ADA): Cardano can be compared to Toyota or Honda—stable, secure, and equipped with innovative technologies aiming to solve blockchain scalability issues.
Is Altseason Coming?
Altseason is a term referring to a period in the crypto market where altcoins (cryptocurrencies other than Bitcoin) experience significant growth. This typically happens after Bitcoin stabilizes or when investors feel that Bitcoin has reached a short-term price peak.
Some signs of an approaching altseason include:
Bitcoin dominance rising and then declining (indicating a shift of capital from Bitcoin to altcoins)
Explosive growth in certain altcoins, signaling increased investor interest in alternative projects
Improved macroeconomic conditions and increased liquidity in the market
Just as the automotive world is not dominated by a single brand, the crypto market extends beyond Bitcoin. Major projects like Ethereum, Cardano, Solana, Polkadot, Chainlink, and many others offer diverse use cases worth exploring and investing in. Given current market indicators, we may soon witness a powerful altseason where altcoins experience substantial growth. Therefore, it's essential to look beyond Bitcoin and view the market from a broader perspective!
good luck
BTC.D Capitulation Liquidation candle. Bitcoin's price hovers around $97,000 on Wednesday, following a 3.5% drop the day before. David Sacks, President Trump’s crypto czar, has announced plans to assess a Bitcoin Reserve. Meanwhile, traders on the Bitcoin CME are adopting a cautious stance, advising investors to steer clear of leverage at all costs. As uncertainty and volatility rise in the wake of Trump’s supportive crypto regulations, the potential for a Bitcoin reserve is emerging, yet the market remains turbulent due to tariffs and broader economic challenges.
Additionally, Bitcoin is bracing for fluctuations as FTX prepares to start repaying creditors on February 18. The beleaguered exchange, which filed for bankruptcy in November 2022 with debts estimated at $11.2 billion, is set to disburse payouts that could reach up to $16.5 billion. To facilitate this, FTX is actively selling assets and investments in tech companies. This development is pivotal for those impacted by the FTX collapse, sparking significant interest within the cryptocurrency community.
In 2018 and 2019, the BTC.D chart faced rejections from the 60% resistance zone during the bearish years that followed the explosive bull run of 2017.
Now, we find ourselves in a different scenario, with a retest happening in a bull run year post-halvening. While it’s too early to declare the end of the rally, the usual indicators for a BTC bull peak have yet to signal a positive trend.
From a technical standpoint, BTC.D has the potential to climb to 63.84% and possibly reach as high as 72.5%. This development could spell great news for Bitcoin while casting a shadow over the altcoin market.
This shift might be driven by consistent demand from ETFs and institutional investors for Bitcoin, leaving altcoins in the dust until later in the year.
However, some speculators believe that the recent liquidations over the weekend may have drained enough leverage, allowing altcoins to begin their recovery and, at long last, outshine Bitcoin. We await the unfolding drama with eager anticipation.
$LOFI Set for a 100% Surge Amidst Sui Blockchain’s Rapid GrowthSui Blockchain’s Meteoric Rise and Its Impact on $LOFI
The Sui blockchain has emerged as one of the most promising Layer-1 networks in 2024, earning the nickname “Solana Killer” due to its rapid adoption and superior transaction speeds. With a unique object-centric data model and the efficiency of the Move programming language, Sui is designed to handle large-scale decentralized applications seamlessly. The chain has outpaced major projects like Litecoin ( CRYPTOCAP:LTC ), Aptos ( AMEX:APT ), Chainlink ( CRYPTOCAP:LINK ), Cardano ( CRYPTOCAP:ADA ), and Polkadot ( CRYPTOCAP:DOT ), making it a major force in the crypto space.
As the ecosystem expands, Sui-native tokens have gained traction, and $LOFI has emerged as a top contender alongside CRYPTOCAP:PEPE on Sui and $BRETT.
What Makes $LOFI Stand Out?
Unlike many new blockchain projects, $LOFI has secured voluntary listings on major centralized exchanges, including MEXC, LBank, Poloniex, and KuCoin, boosting its exposure and liquidity. The project is built on the principles of community-driven development, accessibility, and decentralized finance (DeFi) innovation.
Analysis of $LOFI
At the core of $LOFI’s mission is its commitment to creating a thriving Web3 community by leveraging the scalability and efficiency of Sui blockchain. The project’s vision is clear:
- Content: Educate and inspire users through engaging digital narratives.
- Community: Foster cross-border connections among investors and enthusiasts.
- Collaboration: Form strategic partnerships to drive mainstream adoption.
Technical Analysis
Currently, $LOFI is trading at a market cap of $79,774,218. The token has been in a consolidation phase, moving below key Moving Averages (MAs) but showing signs of a potential breakout.
- Relative Strength Index (RSI): 54 (Moderate, signaling room for upward movement)
- Key Resistance Level: 1-month high
- Immediate Support Level: 78.6% Fibonacci retracement
- Bullish Pattern: Bullish engulfing candle, signaling momentum
If bullish momentum sustains, $LOFI could witness a 100% surge, retesting its previous 1-month high. However, in case of a pullback, breaking below the 78.6% Fibonacci retracement level could lead to further declines, potentially revisiting its January 28, 2024 low.
Volume and Liquidity Trends
One of the key aspects influencing $LOFI’s price is its trading volume, which has been in a gradual decline since December 11, 2024. Currently, daily trading volume sits at $13,562,591, reflecting a 41.60% drop in market activity over the past 24 hours. This lower volume presents a buying opportunity for traders looking to capitalize on reduced transaction activity before the next surge.
Historical Performance & Growth Potential
- All-Time High (ATH):$0.2503 (December 15, 2024)
Currently 68% lower than ATH.
- All-Time Low (ATL): $0.009318 (November 24, 2024)
Currently up 759.58% from ATL.
These figures indicate strong investor confidence in $LOFI, despite market fluctuations.
Final Thoughts
With Sui blockchain’s continued growth, $LOFI is well-positioned for a major breakout, provided it maintains technical support levels and gains volume momentum. The RSI, bullish engulfing pattern, and key support levels suggest potential upside, while the market cap and exchange listings reinforce long-term credibility.
For traders and investors, keeping an eye on volume trends, Fibonacci levels, and overall Sui ecosystem developments will be crucial in predicting $LOFI’s next major move.
As always, conduct your own research (DYOR) and manage risk accordingly in this volatile market.
Ethereum Selling ClimaxThis last, uniquely dramatic, move down smells like capitulation for the remaining sellers. It's pretty hard to find any moves similar to February 3rd (May 2021 or covid?). ETH/BTC is in the long term buy zone below 0.0348.
$2570 is the major support, though every attempt down panics below considerably. $3530 is the most near term minor resistance. Upon clearing that, $4373 (the current ATH resistance) is the big resistance to clear. Because of how low ETH/BTC went and the rarity of this sell off I would heavily bet this resistance will be cleared and is highly likely to be our next major support area.
Eth is always the last in the cycle to run, so hold steady, the eth bull market is starting.
Good luck!
The Altcoin Bloodbath Is Over — New Highs Ahead!Altcoins have likely found a bottom, with CRYPTOCAP:OTHERS rebounding off its channel support, aligning with the 78.6% Fibonacci retracement level. This confluence suggests a strong technical base, positioning the market for a move toward new highs at the channel top. If momentum follows through, altcoins could see a sustained recovery as liquidity returns to risk assets. 🚀
Bitcoin Dominance: Elliott Wave and Harmonics Combo (Part 2)MARKETSCOM:BITCOIN Dominance ( #BTC.D / CRYPTOCAP:BTC.D ) indeed started the rise I predicted back in late '22. CRYPTOCAP:BTC rose to the limits, exceeding the 100K Mark.
In #ElliottWave, this is Cycle Wave C (turquoise).
Primary Wave ① (white) completed, with the Corrective Primary Wave ②now in play.
The Correction will pave the way for Alt Season to commence, so the focus will shift to Alt Coins.
#Harmonics are showing #Cypher Patterns, a combo actually, on different degrees.
Bitcoin Dominance ( BTC.D ) Technical Analysis:
* Elliott Wave Impulse: Cycle C (turquoise)
* Harmonic Patterns: Bullish Cyphers
* 88.6% Fibonacci Retracement
* Break-Out with Divergence
* Leading Diagonal in Primary Wave ① (white)
Conclusion:
After a last rise, expecting MARKETSCOM:BITCOIN to top-out and start a Larger Correction.
Alt Season to start and deliver, based on #BTC losing ground.
After this, CRYPTOCAP:BTC to continue ruling, as the one and only #Cryptocurrency.
SOL updated analysisAfter the massive push up for SOL after the TRUMP coin caused huge volumes on SOL network, SOL has now come right back to support as seen on left chart where price reacted off the green vwap line and the green trendline.
The right chart shows how the 260usd blue line is major resistance. Price currently trying to reclaim the purple npoc.
So, now what?
Well, as a smart trader you always have 2 scenarios, up or down.
If SOL can reclaim the light green vwap line above price on left chart this could be a nice v shape recovery move playing out. 260usd is where we will know if bull run is resuming once SOL closes above this level.
If SOL loses the green vwap line below price then SOL could go as low as the next green vwap line at 154usd.
Smash that like button!
Bitcoin’s Next Big Move: Road to $118K?Hey Realistic Traders, Is BINANCE:BTCUSDT Bullish Outlook Over Yet?
Let’s dive into the analysis...
For nearly a month, BTC/USDT remained in a consolidation phase. However, on January 17, 2025, it successfully broke through resistance, signaling the beginning of a bullish phase.
Since then, the price has consistently traded above the EMA 200, reinforcing a strong uptrend.
On the H4 timeframe, a Falling Wedge Breakout has been confirmed, accompanied by a bullish MACD crossover, further supporting the likelihood of continued upward momentum.
Based on these technical factors, the price is projected to rise toward Target at 118,000, as long as it stays above the critical stop-loss level of Stop Loss 97,777.
Support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Bitcoin."
ATOM LongThis chart represents a long-term price action view of ATOM/USDT, showcasing the accumulation phase and a potential future bullish trend.
The current price action suggests that ATOM is in a period of accumulation around the $4.80 - $5.00 zone. The highlighted region in blue represents a potential area for price to push into, driven by buysid liquidity, with the expectation of a possible breakout towards the $17.20 target.
Key points:
Accumulation phase around the $4.80 - $5.00 range.
Potential bullish movement towards $17.20, driven by liquidity zones.
Key low as a critical support zone, protecting the downside.
Target levels around $17.20 for upside potential.
Always monitor the price action closely for any confirmation before executing a trade.
A personalized indicator for Alt SeasonThe behavior of this chart is such that the green line can only block the candles once and the trend line will definitely be broken on the second collision. If this is our assumption, we will notice that in the last few months this green line has been tested for an upward break, from where the price has been reversed. Now if we move towards this line this time, it is very likely and according to its history that this chart will break upwards and altcoins will be heavily pumped.