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Browse all crypto analysis articles and reports. Market analysis, technical analysis, and expert insights.
ALT Technical Analysis Narrowing Triangle Structure The price of the coin is trading within a narrowing triangle formation, the upper border of which is around the range between $0.0388–$0.0398. This range also acts as the upper border of the triangle and a strong horizontal resistance. We have an intermediate support level of $0.0345, and the main support levels are $0.0311 and $0.0299 below.When the price breaks above the level of $0.0398, then we can consider the triangle formation complete to the upside, and the first price target will be the level of $0.0447. If this level also gets broken with strong momentum, the technical middle-term target will be the level of $0.0539.Unless this triangle pattern is invalidated, the price could fluctuate between support and resistance levels. However, if the price starts trading below the level of $0.0299, the triangle formation will be ruined, and we could test the price level of $0.0266 again.Key Levels:Resistance: $0.0388–$0.0398Support: $0.0345 → $0.0311 → $0.0299Formation breakout target: $0.0539These 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, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.

GOAT Technical AnalysisWhen we analyze the chart on a daily timeframe, it can be clearly observed that GOAT is stuck within a narrowing triangle formation. The breakout direction here will have a determining role for the next phase of the price. The closest support area seems to be the price level of $0.13334. If broken downwards, the price of the coin could drop to the range between $0.11–$0.10. Narrowing Triangle Formation $0.21976 and $0.2265 could stand out as strong resistance levels if this triangle formation gets broken upwards. Note that this area served as a strong sell zone and the price got rejected from this resistance many times in the past.We have a strong support area between the levels of $0.11838 and $0.09510, and this range is important as it is close to the lower border of the triangle formation. In case of a pullback, the price can retreat to the levels of $0.08384 and then to the range between $0.06500–$0.03800.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, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.

PI Technical AnalysisWhen we analyze the PI chart on a daily timeframe, we can clearly see that it has still been trading within a descending channel. The strongest support level to watch is the price zone $0.40–$0.44, which served as a strong buy area in the past. If broken downwards, the price could drop to much lower levels, seeking a new low. Falling Channel Structure In a scenario where the price could surge to higher levels, the first resistance level the price will possibly test is $0.5349, which can be technically considered a key level as it intersects with the upper border of the descending channel. If this upper border is broken above, the price could gain momentum and surge to the levels of $0.5812 and $0.6437 respectively. Remember that the level of $0.640 is an area where the price saw strong sell pressure in the past.In short, if PI manages to break above the channel, then it will be possible to talk about a medium-term trend reversal. If such a breakout occurs, the levels $1.0939 and $1.2354 could be the next price targets ahead.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, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.

APT Technical AnalysisThe descending channel pattern is obvious on the APT chart. After volatile movements within the channel, the price of the coin has now reached both the upper border of the channel and the horizontal resistance zone, which stands around $5.60 in the short term.According to the technical outlook of the channel, it can be said that in case of an upward breakout, the price can rise as long as the channel’s length; thus, the coin can target the level of $8.40.The resistance at $5.60 and the horizontal resistance both must be broken above in order to trigger this upward momentum. Unless this resistance level gets broken, each horizontal candle will increase sell pressure and the price might drop to the lower support zones. Falling Channel Formation Short-term support levels:$5.10$4.93$4.44The price is likely to hold above these levels after a possible pullback and then bounce.Possible targets above are as follows:$6.18$6.39$7.10Main target: $8.40 (target of the channel’s breakout)These price levels overlap both with areas acting as resistance in the past and with technical formation targets.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, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.

NIL Technical AnalysisLooking at the NIL chart on a daily timeframe, it can be seen that the price has stuck within a triangle formation and there stand key support and resistance levels where the price might get a reaction. Triangle Formation The first support to follow is $0.3352 in case of a pullback. This price level coincides with the lower border of the triangle pattern and it is crucial for the formation to continue. If this price level gets broken downwards, we can see a drop to the strong buy level of $0.3100, where the price recovered many times before.In a positive scenario, the first resistance level the price will test is around $0.3840, which stands for the upper border of the triangle formation; therefore, it should be regarded as a key level for a potential breakout. If the price can see daily closing above the level of $0.3840, this can be considered as a confirmation of the upward breakout. We could see a test to the level of $0.4120 if the price can exceed $0.3840. If the momentum continues, the price range of $0.48–$0.50 could be targeted, as this area is both a psychological threshold and a place where sharp sell pressure was seen in the past.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, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.

XTZ Technical AnalysisThe Tezos (XTZ) community recently approved a new network upgrade with a huge participation rate of 70%. The aim of this upgrade is to increase the speed and scalability of smart contracts; this upgrade is also considered a major step towards institutional adoption. With the support of this huge news, the price of XTZ jumped swiftly and broke above the psychological level of $1, below which the coin had been trading for a very long period of time. Let’s analyze the potential scenarios technically. Falling Wedge Formation Looking at the Tezos (XTZ) chart on a weekly timeframe, we see that the price of the coin has surged to the upper border of the falling wedge it has been trading within for long and has seen a rejection from there. This indicates that a strong sell pressure occurred at this key level where both technical resistance and MA200 are located.The price is under the great pressure of both the falling wedge and the resistance. While the $1.00 level stands as a key long-term resistance, the levels of $0.79 and $0.70 could be retested.The coin is still trading within the falling wedge formation. This falling wedge pattern and the rejection from MA200 suggest that the rise of the price could be short-lived. However, if we see a break above the level of $1.10 with great momentum, then we can state that a trend reversal is possible.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, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.

OP Technical AnalysisLooking at the Optimism chart on a daily timeframe, it is clearly seen that the short-term falling wedge formation has been broken upwards, suggesting that the price could gradually go up towards the target of this wedge formation. Though the technical target of this formation seems to be the level of $2.70, we must add that there are some strong resistance zones the price must break before reaching the target just mentioned.OP is currently trading around the zone of $0.84–$0.91, which stands as a key resistance area in the short term. If the price can break this resistance level with great momentum, the next resistance levels to follow are $1.12, $1.39, and $1.50 respectively.Intersecting not only the horizontal resistance but also the long-term falling trendline, the range between $1.40–$1.50 is technically extremely critical. Unless this critical zone gets broken, this rise could remain limited. On the other hand, if it is broken above, then the price could test $1.89 and $2.77 levels in the mid term. Summary:Falling wedge formation has been broken above in the short term.The target of this breakout is technically around $2.70Current resistance level: $0.84–$0.91The next resistance levels: $1.12 → $1.39–$1.50Closing above $1.50 suggests that both horizontal and long-term downtrend have been broken upwards.Mid-term potential targets: $1.89 → $2.77In case of a pullback: $0.66 is the first support to follow.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, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.

STRK/USDT Technical AnalysisSTRK has finally broken above the falling wedge formation it has been trading in for a long period. The price of the coin has now reached the first resistance zone of $0.153 - $0.162 which worked as a strong resistance and support area in the past.In case the price continues to rise after the breakout, it can be expected to test upper resistance levels gradually. The levels of $0.190 and $0.222 are key resistance levels to follow in the short and mid term.In order for the upward momentum to continue, it is important that the price of the coin hold above the level of $0.153, below which we should be following the support levels of $0.128 and $0.101. Fracture of the Falling Wedge Formation Summary:Falling wedge formation has been broken upward.The price meets resistance level of $0.153 – $0.162.If this resistance gets broken, the targets to folow are $ 0.190→ $0.222 → $0.235 → $0.280.Support levels in case of a pullback are $0.128 → $0.101.If the breakout gets confirmed , the target of the formation in the mid term is $0,28 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,traders are responsible for their own actions and risk management. Morover, it is highly recommended to use stop loss (SL) during trades.

ENA Technical AnalysisENA has recently seen strong upward momentum, swiftly surging from $0.32 to $0.54 in a short period. This rapid price rise suggests that investors should be careful as it is approaching the horizontal resistance zone of $0.66–$0.71, which also intersects with the long-term downtrend.In other words, the technical target of the uptrend and the intersection of the long-term trend are located at almost the same level—a situation which suggests that, at this strong resistance area, investors could realize profits and the market’s direction could be reshaped.Technical Outlook:Current price: $0.5453First intermediate resistance in short term: $0.60–$0.62Main resistance: $0.66–$0.71(the zone intersecting with downtrend line)If broken above, the next target: $0.90Support levels in case of a pullback:$0.48 → $0.43 → $0.40 At this level, volatility and profit-taking are highly possible; however, if this momentum continues, the short-term target could be the price range of $0.66–$0.71.This resistance area also stands for the breakout point of the downtrend. If this level is broken upwards, the rise can be expected to accelerate further. In such a scenario, prices above $0.90 might become technically possible in the medium term.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, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.

ID Technical OutlookThe ID chart shows that the price has tested the upper border of the descending channel it has been trading in for a long period on a daily timeframe. This is the fourth test to the upper border so far. ID is currently trading around the level of $0.2004, which coincides with the upper trendline of the falling channel and the key resistance zone of $0.1900–$0.1984. If the price can break above this zone, it will be a signal for strong momentum technically.Following a breakout from here, the level around $0.2524–$0.2635 could stand out as a resistance. Remember that this resistance zone worked as a strong sell area in the past and it represents the first medium-term target for the channel pattern. Downward Channel Structure Technically, the target could increase as long as the channel’s length if the price can breach the channel pattern upwards. In such a scenario, the next major resistance level could be the $0.30–$0.31 range.On the other hand, we should be following the support levels at $0.1900 and $0.1664 in case of a price pullback. Price dropping below $0.1900 could trigger a new downward movement within the channel.Summary:Price: $0.2004, Resistance zone: $0.1900–$0.1984 breachedFourth test to the upper border of the channel doneThe first target is $0.2524–$0.2635 in the event of an upward breakoutThe target of the channel breakout is: $0.30–$0.31Support levels to follow in case of a pullback are: $0.1900 → $0.1664These 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, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.

EDU Technical AnalysisLooking at the EDU chart, we see that the price has broken above the falling wedge formation. After the breakout, retest has been done properly and the price has exceeded the range between $0.148–$0.156 slowly. Holding above this level can be considered positive. The target of the falling wedge formation is the level of $0.216, but before surging to this level, there is the resistance level of $0.184. We should be following the target area of $0.216–$0.229, which is also the resistance level ahead. Fracture of the Falling Wedge Formation If EDU cannot exceed the current level, $0.148 stands as a key level. Below it, the support level of the falling wedge formation and the horizontal zone at $0.142 could work as support.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, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.

ZRO/USDT Technical AnalysisLooking at the chart on a daily timeframe, it is clearly seen that the coin is trading within a wide horizontal channel pattern, which indicates an accumulation process and a potentially forming new pattern in a technical sense. The price is trading around the level of $2.30, holding above the mid-border of the channel.We should be following the price zone of $2.58–$2.76 as a strong resistance, and for the confirmation of the upward breakout, the price needs to hold above $3.35. Unless this level is broken above, the channel pattern cannot be considered breached; therefore, the level of $3.35 stands out as a strong resistance level.The channel pattern is considered broken technically if the price can close above $3.35, and then the price target could be around the level of $7.00 — as long as the channel’s length.We should be following the levels of $2.08, $1.75, and $1.46 respectively as support below in the event of a pullback of the price. Remember, these support levels are important levels within the channel formation. Parallel Channel Structure Summary:The price is trading at around $2.30, above the mid-border of the channel.First resistance level: $2.58–$2.76Actual breakout level: $3.35Above $3.35, formation target is around: $7.00Intermediate resistance levels: $4.06 → $4.34 → $5.37Levels of support: $2.08 → $1.75 → $1.46Channel structure can be considered as accumulation and a potential formation.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, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.

ZK Current OutlookLooking at the ZK chart, we can clearly see that the short-term falling-wedge formation has been broken above well. The target of this pattern is the area of $0.074–$0.078, which intersects the long-term downtrend line and the horizontal resistance level at the same time. In other words, the price is both rising to complete the formation target and drawing close to the multiple-resistance area.For the time being, the coin is trading around the level of $0.062, and the price zone between the levels of $0.065 and $0.078 is forming a resistance corridor. The price action is likely to surge to this level due to the wedge formation, yet it is too early to expect a strong breakout before the price closes particularly above the level of $0.078, since the price got rejected from this level many times previously and it is a strong sell area which is also the upper border of the falling channel.We should be following the price holding above the level of $0.055 in the coming days because it is the previous resistance area and it can act as a retest level for the coin. Upward momentum could be predicted if the price bounces from here; otherwise, the levels of $0.051 and $0.046 should be followed as support.A middle-term rise scenario can be triggered if we see the price close above the level of $0.078 and the downtrend gets broken clearly. According to this positive scenario, the price could target the levels $0.13 and $0.19 respectively. Summary:Short-term falling wedge formation broke upwardsThis pattern’s target area is $0.074–$0.078This area also intersects with the long-term downtrend and the horizontal resistanceIt is crucial that the price holds above $0.055 for the rise to continueResistance levels up: $0.065 → $0.074 → $0.078 → $0.091Support levels below: $0.055 → $0.051 → $0.046Mid-term targets are $0.13 and $0.19 in case of a trend breakoutThese 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, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.

SUI Technical AnalysisLooking at the SUI chart on a daily timeframe, we see that the price is trading within a wide-angle ascending channel. Currently, SUI is very close to the mid-border of this rising channel, suggesting a short-term accumulation.It is clear on the chart that the price jumped sharply after the breakout of the falling trend in the short term. In other words, accumulation around the level of $2.70 resulted in an upward breakout, after which the price surged to the level of $4.30. We must add that this level worked as a strong resistance in the past. If the price can break above this strong resistance level, then it is highly possible that we should see a climb to the price range of $4.98–$5.11. However, we should bear in mind that the price must hold above $3.60 for such a rise, as this level is a previous resistance and a key level on the daily chart. We should be following the support levels of $3.22 and then $2.95 in case of a pullback. On the other hand, SUI could accumulate for a short period if it continues trading between $3.60 and $4.30. The breakout of this range is to determine the new trend for SUI. SUI Wide Angle Rising Channel Structure Summary:SUI is trading close to the mid-border of the wide ascending channel.Short-term downtrend has been broken and the level of $2.69 stands as a strong support.The level of $4.30 works as a strong resistance.The range between $4.98 and $5.11 could be targeted if the price can hold above $3.60.$3.32 → $2.95 → $2.69 → $2.36 are support levels to follow in case of a pullback.The range between the levels of $3.60 and $4.30 can be considered as an accumulation zone.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, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.

INJ Technical AnalysisThe Injective ecosystem has been drawing great attention these days. The reason for this is Canary Capital’s ‘Staked INJ ETF’ application filed yesterday to the SEC. This fund aims to reward investors through staking while also targeting to grow their returns based on price action. What’s more, this ETF application is the first staked INJ ETF filed in the US. Subsequent to this huge news, INJ jumped to a major resistance level. Now it is time to analyze the chart. Current Levels of INJ Looking at the chart on a weekly timeframe, we see that the price of INJ has surged to the level of $13.90. This price action suggests that the buy pressure from the level of $10.49 is gaining strength and the price is approaching the resistance zone again. The intersection of both the horizontal resistance and the bearish resistance at $15.64 will be vital for price direction ahead.INJ is currently trading below MA50 and MA200 on the weekly timeframe, yet the breakout of these moving average levels upwards can be considered positive for the continuation of the price. If the price can break above the level of $15.64 with great momentum, the targets will be the price zone of $18–$21 to follow. Still, keep in mind that profit realizations are possible at this 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, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
