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ZRO Technical Analysis: Double Bottom FormationZRO, subsequent to its downtrend in recent weeks, has formed a technically remarkable support zone by creating a double bottom formation below a critical support level. The area between $1.55–$1.60 seems to have a double bottom formation. Double Dip Formation When the price tested this area, it rebounded up to the level of $1.72. If the price keeps rising to the support-resistance transformation line, this movement can be interpreted as a retest. If such a retest occurs, then the fall will be confirmed. For a positive momentum, the price needs to break out of this area with great volume.In case of upward movements, the first strong resistance zone will be $2.00–$2.20. Above this level, the next target might be the $2.73 resistance if the price can break above this level and hold there. This resistance is of great importance as it is the previous peak and a strong sell zone. On the other hand, the double bottom pattern will be considered invalid if the price falls below the level of $1.60, and then sell pressure might increase. Here we can talk about the new support range $1.40–$1.35.In summary, ZRO is technically in a potential reversal area with the double bottom formation. The price needs to close above $2.00 to make the formation work. Otherwise, the downtrend might continue if the support line gets broken.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.

Ethena (ENA) Technical AnalysisENA is currently trading at a very critical level while it is moving within the downtrend. The price zone of $0.26–$0.24 is the last line of defense, and it is where buyers outperformed sellers in the past.We can expect a pullback to the zone of $0.20–$0.21 if the price is broken downwards from this area; yet, the strong buy reaction at current levels is likely to increase the probability of an upward reversal from this support area. Falling Trend The first target area above we have is $0.28–$0.30, and above it there is $0.3397, which is very important as it is both a past resistance level and a contact area in the downtrend. Should the price break above these levels, then we can talk about the levels of $0.4044 and $0.44401 respectively. For a stronger rise of the price, we need to see closings above the level of $0.5451.In summary, we can say that ENA is currently trying to hold above a strong support zone, from which a reaction could trigger a rally, but it is of great importance that the price break the downtrend. Otherwise, the downtrend might carry on.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.

WLD Technical AnalysisLooking at the WLD chart, it is clear that the price of the coin has been trading within the downtrend since March 2024. The price is currently at the level of $0.90 and seems to have rebounded from the middle border of the channel and also the horizontal support channel at $0.85–$0.82. WLD Support Zones The price currently trading around $0.85–$0.82 has reacted from this short-term support zone several times. However, if this support zone breaks downwards, then the selling pressure might increase, and the price might want to go down to the level $0.73–$0.67, which also coincides with the lower band of the descending channel.Despite the scenario stated above, the price of the coin is likely to test the first strong resistance zone of $1.11–$1.21 in the event of upward movements. If the price breaks above this resistance and manages to hold above it, then the closest target might be the level of $1.52. The next major support zone will be the $1.92–$2.10 level.To summarize, WLD is drawing close to the support line within the falling channel, and possible reactions from here might trigger a short-term price recovery upwards. The price needs to close above the level of $1.10 if the trend is to turn positive; or else, the downtrend might carry on.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.

MINA Short Term Technical AnalysisWe will be looking at the MINA chart in the short time frame, as it does not have a satisfying price performance in the long term. MINA has renewed all-time low (ATL), and for this reason, it might be offering opportunities on the futures side. MINA Short Term MINA managed to rise above the resistance level of $0.174 subsequent to its last decline. The area $0.189–$0.195 will be the first resistance area the price is likely to test. Should the price break this resistance swiftly, the first target might be the level $0.214, and then we have the important price zone $0.234–$0.241 on the horizon, where we could witness the most intense sell pressure. In case of a pullback from this level, the price might go down to the level of $0.195 once again.If the price, however, keeps rising upwards in spite of the sell pressure around the resistance zone, it is likely to target the level $0.267. If the price does close daily above this level, then it indicates the downtrend is over.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.

TON Technical AnalysisLooking at the chart, we see that TON is printing a widening ascending channel, where the trend area in the lower region remains strong and rebounds from here in every sharp fall. The price again managed to exceed the resistance level of 2.76, rebounding from this trend zone in the last fall. The level 2.76 bears importance as it is the trend support and horizontal support at the same time. Wide Rising Channel It currently targets the resistance area of $3.31–$3.50, which has been tested four times before. If the price breaks out from this short-term falling pattern, it is possible that the price will first test $4.13 and later the resistance level of $4.87–$5.16. The upper trend zone is to be one of the main target points as long as this ascending pattern in the long term is maintained.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.

UNI Technical AnalysisThe price of UNI is trading in a certain ascending channel in 4-hour time frame. The price has been recently rejected twice from the upper trend of this ascending channel and retreated to the lower trend support with latest falls, where it saw a strong buy and could rise rapidly above the level of $6.76. Therefore, it is safe to say that ascending channel structure is still valid. Rising Channel Structure It is a good thing that the price has not daily closed below the trend. We have an important support zone around $6.64 and the price is currently trading above it, which indicates that the momentum is upward. Moreover, $7.43–$7.56 seems to be a critical resistance area.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.

FET Technical AnalysisLooking at the FET daily chart, we can see a clear descending channel pattern which has worked properly since the beginning of 2024. Falling Channel Structure The price of the coin is currently trading in the middle band of this descending channel and we have a significant support zone around $0.65–$0.70. The price breaking down this important support zone is trading above the support area again. The price can go down first to the level of $0.53 in case of daily closing below the important level $0.65 and then it can retreat to the level of around $0.33 which is the channel trend support.The level of $0.87 is only possible if the price closes above the level of $0.70 in terms of upward movements. Above this price level, we have the level $1 which is the trend resistance level. Technically, it is highly possible that a breakout will occur in case of next trend test.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.

AVAX Technical AnalysisLooking at the AVAX chart, it can be seen that a formation has occurred from early 2024. This downward formation is narrowing, and the price is trading in the middle band of this channel. Falling Channel Structure We already stated in our previous AVAX analysis that the $18.75–$17.22 support got weaker, and we see that there is a breakout below this support area. Even though the price has reached the $17.20 zone again with a retest of the fall, a test to the lower band of the descending channel can be expected so long as the price can’t exceed the level of $18.The price is likely to see a resistance around this level. The downtrend has been continuing with this fall; however, in case the price turns upwards, the first level to exceed will be $20, and then $24 seems to be important resistance levels.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.

Solana Technical AnalysisLooking at the (SOL) chart, it is obvious that it has been forming an upward trend pattern since the end of 2023. This uptrend pattern has a wide ascending channel, and the price of the coin is trading within the lower middle band of this ascending channel where the area of $119–$123 appears as strong support. We could say that the local bottom area may have been found if the price tests this support area and reacts upwards. SOL Major Support Zone The price holding above this area will indicate that the price movement is a healthy pullback; however, if we witness daily closings below the level of $119, then the price may go down to the lower trend support step by step. Then the support levels $109, $105, and finally trend support $100 should be followed closely.In case the price moves upwards, we can follow the levels of $190 again, and later $218, and finally the trend resistance level.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.

Bitcoin Cash (BCH) Technical AnalysisLooking at the Bitcoin Cash (BCH) chart, it is obvious that the price of the coin has been forming an ascending trend for nearly two years since September 2023 and tested the level of $474.9. This rising price action since April, when it tested the lower band of the channel, took the price close to the critical resistance level of $509, which is where the buyers outperformed sellers many times before. Narrowing Triangle Formation There is a symmetrical triangle formation on the chart of BCH; the price has been trading within this formation and it has approached the upper band of it. The price may target the levels of $580 and $600 if the level $509 gets broken with an upward action and the price closes above it. We can talk about positive upward movement in the future if the descending trend in the upper band of the triangle gets broken. This action could trigger a potential rise in the price towards new areas and maybe to a new ATH.On the other hand, it is possible that the price will first go down to the strong support channel area around $410 and then to the stronger support level of $290–$300 if the price gets rejected at $509. Price could see an upward movement from this strong level if the buyers outperform sellers.In summary, BCH is drawing near to the decision moment around the resistance level of $509, which, if broken, can pave the way for a strong rise; however, we have the support level of $345 in case of a possible pullback. The ascending trend structure will continue as long as this level is not broken downwards.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.

PNUT Technical AnalysisA falling wedge formation, also visible in the daily time frame, is more clearly seen on PNUT 4-hour chart. PNUT is currently trading between $0.2192 - $0.2306, which is a very critical horizontal zone. Falling Wedge Formation The price of the coin has tested the upper trend of the formation three times so far. It is highly probable that we will see an upward breakout of the price when there occurs a fourth-time trend test. And this is the target of the clearly seen falling wedge formation on the chart. In case the price goes down below the level of $0.219, our targets would be first $0.20 and then $0.195, which also acts as trend support level. However, if the price breaks out of the falling wedge upward, our possible targets will be $0.266, $0.307, and $0.360 respectively.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.

Open Campus (EDU) Technical AnalysisLooking at the EDU chart, we can see that the price has tested the lower band of the uptrend around $0.128, also the golden ratio support, which is a major Fibonacci support. This support zone has previously worked as buyers have been strong. EDU Ascending Channel Formation Price reactions are usually very strong in such structures. Upon studying the chart, it can be stated that possible upward reactions from here could take the price to the first resistance level of $0.1498.The market structure could turn to positive in lower time frames if we see closings above the level of $0.1498, and if this price level is exceeded, then it can go up to the price range of $0.17–$0.18. In case the price closes above this price range, we may get confirmation for a positive pattern and the price wants to go towards the upper band of the trend.We will lose two strong support levels if the price breaks down. We may start to speak of the price range of $0.1150–$0.1040 in case both the trend structure breaks down and the golden ratio support gets lost. If the price stays below this price zone, then the current descending pattern receives confirmation, which will probably cause increasing sell pressure. We should be following the previous liquidity area of $0.1000–$0.0960 below this level.In summary, EDU is currently stuck between a ‘reversal from support’ and a ‘trend breakout’ scenario. We could say that what will determine the certain direction of the coin price might be the price movements happening around this support level in the coming days.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.

Space ID (ID) Technical Analysis – Latest Outlook Before Unlock$11.13 million (approximately 16.8% of the current market cap value) ID will be unlocked on Sunday, June 22nd. Find below a detailed technical analysis of ID coin in the eve of token unlock.Looking at the daily chart of ID, one can clearly see that the price of ID has been trading within a descending channel for some time since February. The price has tested the upper band of this channel a few times; yet, it has failed to hold on to this level, which has caused the negative pattern to continue. The price is currently trading at the lower band of the channel, around the $0.155–$0.150 support area. Falling Channel Structure As clearly seen on the chart, the price has again tested the red area, which has worked as a support zone that has left liquidity. We have two scenarios within this support area, the first of which is that the price may form a double-bottom and then move from the middle band of the trend towards the upper band of it. According to the second scenario, which is not positive, the price gets the liquidity and then it may break down towards the lower band of the descending channel as buyers cannot hold.To summarize, a possible strong reaction from the lower band of the descending channel could take the price to resistance levels and then maybe towards a breakout as the sell pressure on the resistance levels has decreased. Due to the weakness of the pattern here, the price could go down in search of a new bottom, where the level $0.13 appears as the lower band of the trend. Below the red area, we could see a reaction here. In case of a breakout of the price upwards, the strongest resistance zone would be the $0.2034–$0.2114 range, as this area is both the upper band of the trend and a strong Fibonacci resistance area.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.

SUI Technical Analysis: Sui Is at the Critical Channel SupportLooking at the 4H chart of SUI, we see that the price is trading within the descending channel and is now testing the lower band of this channel. During this downtrend which started at around $3.65, the price of the coin has been rejected from the upper band of the channel many times before. Sui is currently trading around important support level around $2.65–$2.52. Falling Channel Structure We could say that this area is where a strong reaction could occur as it is technically both horizontal support and is the channel lower band. However, if the price cannot hold around this support level, then the next support area could be around $2.44–$2.24.The first resistance level would be $3.03 if the price goes upwards. If this level is passed, we could see a quick rise towards the level of $3.47–$3.64, yet we should bear in mind that these price levels also coincide with the upper band of the descending channel and they form a strong resistance area.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.

AltLayer (ALT) Has Broken Out of the Descending ChannelAs it is clearly seen on the ALT chart, the price of the coin has broken the descending channel within which it has been trading for some time with a great momentum caused by the news of the UpBit listing. With this momentum, the price increased more than 100% in a few hours. This upward breakout of the price could be interpreted as a trend shift on the chart as the descending channel has been broken with a great volume and the pattern has turned to positive. We understand that buyers are now more dominant since the strong resistance zone $0.03145–$0.03258 has been exceeded. The coin is now trading around the level of $0.03764 after the breakout of the channel. Should the price hold around this level, we can say that initial targets could be $0.03967–$0.04109 and later $0.04481 in case of upward movements. Moreover, we can expect the price to go up more if it remains above the level of $0.0410.It is safe to say that the first support area would be $0.03595 in case of downward pullbacks. If the price goes below this support area, it is possible that we will see a test to the upper band of the broken channel and a retest to the level of $0.03258. However, technically speaking, the chart structure is positive for the time being. When we assess the descending channel breakout, resistance reversals, and bullish pattern together, new highs in the price are promising.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
