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After breaking out of its five-month downtrend, an analyst suggests a repeat of Stellar (XLM)’s last cycle playbook could be on the horizon. The cryptocurrency has confirmed its breakdown from a bullish reversal pattern and eyes a surge toward new targets Related Reading: Ethereum Jumps To $2,000 Amid Market Surge – Analyst Says This Resistance Is Next Stellar Breakout Targets $0.39 Amid the market pump, Stellar has broken out of a key demand zone and retested the $0.30 mark for the first time since March. The cryptocurrency has been in a downtrend since its November 2024 breakout, when it reached a three-year high of $0.63. During this year’s retraces, XLM dropped 68% from the highs to a five-month low of $0.20. However, the late-April market recovery saw the cryptocurrency surge above the downtrend and attempt to confirm the breakout after recording a weekly close above the $0.28 mark. On Friday, Stellar has reclaimed the $0.29 resistance and retested the $0.30 mark for the first time in nearly two months. Following today’s performance, Ali Martinez pointed out that Stellar is breaking out of a two-month inverse head and Shoulder pattern. This pattern is a bullish reversal setup that suggests a potential shift from a downtrend to an uptrend. Earlier this week, the analyst pointed out that the pattern’s right shoulder was forming and the neckline sat around the $0.29 mark. According to his post, a breakout from this formation potentially eyed a 30% rally toward the $0.39 resistance, lost during the February retraces. XLM To Repeat Historical Tendencies? Analyst Rekt Capital highlighted that the cryptocurrency confirmed the end of its multi-month downtrend and a breakout from its Downtrending Channel. Per the post, if XLM weekly closes above its key area, between $0.27-$0.29, any dips into this zone would figure as a successful reclaim of the area as support to support a move to higher regions. The analyst explained that reclaiming the $0.27-$0.29 area is crucial because it is a “historical demand region on the monthly timeframe.” In the past, turning this zone into support during bull markets has enabled Stellar to rally toward the $0.37-$0.40 mark. In 2021, the cryptocurrency rallied toward its cycle high of $0.80 after retesting the key demand zone and breaking out of the $0.37 barrier. Similarly, it hit its all-time high (ATH) of $0.87 after a breakout from this area. Related Reading: Crypto Analyst Says XRP Price Must Clear This Level Or Risk Crash To $1.9 If XLM repeats history and rallies to the next resistance, it must reclaim and confirm that level to continue with its historical tendencies. “As such, a reclaim could see XLM challenge the $0.52 blue highs over time,” Rekt Capital concluded. Meanwhile, analyst CW has noted that after breaking the upper line of the downtrend channel, Stellar would encounter resistance in two selling walls, one between the $0.34-$0.38 levels, and a big one around the $0.47-$0.70 zone. As of this writing, Stellar trades at $0.296, a 2% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

After soaring over 10% on Wednesday, Ethereum (ETH) has jumped past the $2,000 mark for the first time since March, leading some analysts to suggest that the second-largest crypto could reclaim its macro range in the coming days. Related Reading: XRP Is Forms Bullish Reverse Dragon Head Pattern, How High Can Price Go? Ethereum Hits Seven-Week High For the first time in over a month, Ethereum has retested the $2,000 resistance, hitting a seven-week high of $2,075. The King of Altcoin lost this level at the end of March, nosediving to its two-year low of $1,385 in the following weeks. Amid the late-April market recovery, ETH climbed above crucial levels, reclaiming the $1,600-$1,750 zone over the last 14 days. Earlier this week, the cryptocurrency finally reclaimed the $1,800 resistance, but some investors worried about its sideways price action and a potential drop to lower support levels. Nonetheless, Ethereum soared by 8.3% toward the $1,950 level after US President Donald Trump revealed yesterday that a “major trade deal” with a “big, and highly respected, country” would be announced on May 8. On Thursday, Trump’s $6 billion deal with the UK pushed ETH past the $2,000 mark and near the $2,100 level. Analyst Rekt Capital highlighted the “strong breakout so far,” noting that the cryptocurrency held the bottom of its historical demand zone and rebounded around 14% to the top of the range. After the price jump, the analyst explained that ETH must turn the $1,930 level into support to avoid an upside wick and rejection, and confirm a breakout toward the $2,200 area. “Ethereum will need to simply stay above $1930 to continue to be positioned for a revisit of $2200 (black). The goal for ETH is to use this light blue historical demand area to resynchronise with its $2200-$3900 Macro Range,” he detailed. ETH Eyes New Bull Rally Rekt Capital also pointed out ETH’s dominance was “upticking after making new All Time Lows,” which resembles its 2020 performance. At the time, the cryptocurrency’s dominance bounced after making a new low, surging toward higher levels in the following months. Meanwhile, Daan Crypto Trades noted that Ethereum is testing its range high against its BTC trading pair. According to the post, “this move is tiny compared to what it has to make up for to see some proper relief. You can however already see the market wide impact it has on alts by just moving ~7% against BTC.” Despite looking “decent” after the price jump, the trader advised investors not to get overexcited until ETH/BTC breaks out and holds above the 0.0202 range high. “If it does that, we can get a setup for a larger potential few week reversal in ALT/BTC pairs and for BTC.D to come down. For now, still rangebound,” Daan explained. Related Reading: Injective (INJ) Gearing Up For $10 Level Retest – Is A Bullish Reversal Ahead? He also suggested that investors should be prepared for a big price move, as this performance “generally ends in violent fashion with a big wick towards the upside before cooling off.” Ali Martinez highlighted that the key supply barrier for the cryptocurrency sits at around $2,380, where 12.72 million addresses bought 69.6 million ETH. According to the analyst, “clearing this level could ignite a new bull rally.” As of this writing, Ethereum trades at $2,050, a 13.5% surge in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As Ethereum (ETH) continues to slowly turn crucial resistance levels into support, some analysts consider that the King of altcoins could be running out of time for a new all-time high (ATH) this cycle. Related Reading: Crypto Graveyard: 50% Of Tokens Have Failed In the Past 5 years – Report Ethereum Closes April In Red Over the past week, Ethereum has attempted to reclaim the $1,800 mark, hovering between the $1,770-$1,820 price range. In the past 24 hours, the cryptocurrency has seen a 5.5% jump, breaking above the key resistance and last week’s high of $1,850. Amid this price action, ETH retested the $1,860-$1,870 range for the first time in one month, and closed April just 1.56% below in opening price. Nonetheless, Ethereum’s negative monthly close marked the fifth consecutive month in the red for the cryptocurrency. The king of Altcoins has been recording monthly negative returns since December, its worst-performing streak since 2018, and closed the first quarter of 2025 with a 45.4% retracement. Analyst Carl Runefelt noted this performance, noting that “the good news is that historically, May is the most positive month of the year for ETH.” In general, it has been one of the best-performing months for Ethereum, registering an average 27.31% increase in May. Additionally, the second quarter has been a positive period for cryptocurrency, closing Q2 in the green seven out of nine times. Despite its negative April close, Ethereum registers a mild 2.15% positive return this quarter so far, which could suggest that the cryptocurrency could continue its current performance if history repeats. Another market watcher considers that ETH’s price is displaying a similar performance to Bitcoin’s (BTC) 2020 rally. At the time, “Bitcoin consolidated at $8K… Most ignored it. Then it hit $64K.” According to Merlijn The Trader, “Ethereum is showing the exact same structure. Accumulation. Compression. Explosion loading.” However, this would suggest another pullback could come before a new ATH. ETH To Skip ATH Rally This Cycle? Meanwhile, analyst Crypto Bullet offered a not-so-bullish macro perspective. According to his post, the Ethereum mid-term correction is over after taking out the August-October 2023 lows, printing a “giant reversal candle,” and holding the mid-line of the multi-year descending Channel. Based on this, he argues that ETH’s bottom is in, and a significant mid-term bounce will likely occur in the next few months, with a first target of $2,500. Crypto Bullet noted that the surge could be either a Dead Cat bounce or the start of a new ATH rally, adding that it could be the former due to the cryptocurrency’s weak performance and how advanced the cycle is. In that case, Ethereum could face a potential rejection at the $2,700-$3,000 range, but a bullish rally could start if it breaks through the $3,000 resistance and breaks out of the multi-year channel. Related Reading: Solana: Analysts Forecast Q3 ATH Rally As SOL Retests Make Or Break Level However, he also suggested that Ethereum could be “in a bigger cycle than we all think,” resembling cryptocurrencies in a “one cycle behind” performance. In a previous analysis, Crypto Bullet discussed the potential of ETH not hitting an ATH this cycle, noting XRP’s performance in 2021. “So what if ETH cycle top is in and it’s gonna print a giant Accumulation Structure (a Triangle or a Zigzag) and break out of it, say, in 2028?” he questioned, concluding that investors would accumulate more energy for a breakout, and the targets would be significantly higher. Featured Image from Unsplash.com, Chart from TradingView.com

After reclaiming crucial levels, Solana (SOL) has been moving sideways within a key price range, with its next direction yet to be determined. However, some analysts suggest a breakout could kick-start a new bullish rally in the coming months. Related Reading: Monero (XMR) Price Jumps 50% Amid ‘Suspicious’ $330 Million BTC Transfer – Details Solana Moves Within Key Range Amid its 15% biweekly recovery, Solana, one of the leading altcoins of this cycle, has attempted to reclaim a crucial resistance after recovering the $140 support for the first time since late February. Earlier this month, the cryptocurrency fell to a 14-month low of $95 amid the market retraces, which saw Bitcoin (BTC) and Ethereum (ETH) retest key horizontal levels. Since hitting its $293 all-time high (ATH), SOL has retraced up to 63%, trading 50% below its January high at the time of writing. However, Solana climbed above some crucial ranges during the recent crypto market recovery. Over the past few weeks, the altcoin has successfully recovered the $120 and $130 support zones, breaking above the $140 resistance seven days ago, where the SOL price has been rejected since losing the level nearly two months ago. As a market watcher pointed out, Solana has been moving sideways, consolidating within the $145-$157 range for the past week. The trader noted that this range could decide SOL’s next direction, with a breakout above the upper boundary positioning the altcoin to retest higher levels. On the contrary ,if it breaks down this price range, the “next support level below at around $136,” which could also risk a drop to the $100-$120 support zones. However, Ali Martinez recently stated that Solana is forming a “textbook-perfect cup and handle pattern,” which could mark the start of a major rally for SOL. SOL Price Preparing For A Breakout? Analyst Alex from AMCrypto noted that Solana’s short-term downtrend is over after a recent breakout. He identified that SOL broke out of a seven-day falling wedge that formed within its current range, surging above the upper trendline on Monday. According to the analyst, “SOL could hit $170-$180 in the short term and most likely a new ATH by Q3/Q4,” based on its utility and demand. “It recently surpassed all other L1s and L2s combined in DEX volume, which shows its immense utility. Along with that, multiple companies are also raising funds to buy SOL, which will further add demand,” he explained. With the price attempting to hold the $150 mark, trader Lluciano_BTC considers the current level “a strong hold.” He highlighted that Solana’s uptrend “is only getting started” after breaking out of a multi-month falling wedge formation at the start of the month. Related Reading: Bitcoin To Explode To $210,000 This Year, Says Quant Powerhouse Presto According to the chart, SOL broke out of the pattern ahead of the sub-$100 correction, testing a key demand zone during the following pullback. After recovering the $120 mark, the altcoin has been in an uptrend, which eyes the $170 resistance as the next target. As of this writing, Solana trades at $149, a 1.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum (ETH) experienced a significant recovery over the past week after jumping over 10% to the $1,800 resistance. The cryptocurrency’s momentum has seen it reclaim key levels, which could ignite a 28% rally continuation in the following weeks. Related Reading: SUI Eyes $4 Amid 56% Weekly Surge – Here Are The Levels To Watch Ethereum Reclaims First Horizontal Level In Months Over the past week, Ethereum’s price has jumped around 14% to retest crucial support levels. Amid the market recovery, the cryptocurrency reclaimed the $1,600-$1,650 zone at the start of the week, holding a historical demand area as support. According to analyst Rekt Capital, ETH is holding the bottom of its historical demand zone, between $1,650 and $1,950, after its recent performance, “repeating history also by wicking briefly below it.” Since losing its $2,196-$39,00 Macro Range, the cryptocurrency has traded within this range, upside wicking to the region’s top and turning it into resistance, and downside wicking below the bottom to turn it into support, like in 2023. According to the analyst, “Ethereum needs to keep holding here. If this price stability here can be sustained… There is a chance” to repeat its mid-2023 performance, where the token bounced from this region and hit its early 2024 high of $4,093. Meanwhile, Daan Crypto Trades noted that ETH has flipped a horizontal level back into support. The analyst pointed out that since closing above the $1,750 mark for the past three days, the King of Altcoins has shown a “change in market dynamics.” Notably, Ethereum has not been able to reclaim previous horizontal levels for months, getting rejected and making new lows instead. Daan asserted that the $1,750-$2,100 price range is crucial to continue ETH’s bullish momentum. ETH On The Verge Of Breaking Out Amid this performance, ETH is nearing a breakout from its multi-month downtrend. The cryptocurrency has been in a downtrend since hitting its cycle high of $4,107 in early December, retracing over 56% since then. However, Ethereum is attempting to break from the descending resistance again amid its retest of the $1,800 barrier. Analyst Crypto Caesar affirmed that ETH “is on the verge of breaking out. We really just need that higher high…” Analyst Ted Pillows considers that a 28% jump by next month could be possible if the cryptocurrency reclaims this crucial short-term resistance. He pointed out that the $1,800-$1,850 zone is the next level to break before the $2,000 barrier, noting an inverse head and shoulders pattern on ETH’s chart. Related Reading: ‘All Bets Off’ If Bitcoin Reclaims This Level, But Analysts Warn Of Potential Rejection “If ETH manages to break above it, it could rally towards $2.2K-$2.3K in May,” he concluded. Another analyst previously suggested that Ethereum won’t start a new rally until it reclaims the $2,330 barrier, where over 60 million addresses have purchased the cryptocurrency. As of this writing, Ethereum trades at $1,795, a 2.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Amid the market volatility, Bitcoin (BTC) has been unable to reclaim the $85,000-$86,000 zone despite its weekly performance. However, some analysts suggest that a breakout from the key resistance level might be around the corner. Related Reading: On-Chain Experiment Or Rug Pull? Base Faces Backlash After Unofficial Memecoin Crashes 90% Bitcoin To Resume Its Bullish Rally? Over the past week, Bitcoin has traded between the $83,000-$86,000 price range, recovering from the sub-$80,000 correction at the start of the month. Notably, the flagship crypto experienced significant volatility last week due to the ongoing trade tariff war between the US and dozens of countries. BTC’s recent recovery began after the US President Donald Trump paused the tariff on over 75 countries for 90 days, which sent BTC’s price back above the $80,000 mark. Amid the volatility, Bitcoin retested the key $78,500 as support and its four-month downtrend resistance, compressing between these two levels. According to market watcher Daan Crypto Trades, Bitcoin has been moving within a significant area, as it was retesting its downtrend line as well as the Daily 200 Exponential Moving Average (EMA) and Moving Average (MA), which “has been a tough price region to crack in recent weeks.” Amid Thursday’s pump, BTC is finally breaking out of its downtrend, which could lead to a surge toward the “ultimate level to break for the bulls,” the $90,000-$91,000 barrier, as he suggested that the sideways move in the mid-$80,000 region won’t continue for much longer. Nonetheless, the trader considers that the coming days might not have significant swings due to the Easter weekend, with low volumes and liquidity expected. “Likely going to be quite boring absent any major new headlines,” he asserted, adding that “we’ll see where this wants to go next week.” BTC’s Key Levels To Reclaim Analyst Sjuul from AltCryptoGems pointed out that Bitcoin is trapped below the 50-day EMA, which is “what separated us from a bull run resumption.” He explained that the cryptocurrency has been moving between $78,000-$95,000 since March, with the 50 EMA coinciding with the price range’s mid-zone and seemingly acting as resistance for the past week. Breaking out of the mid-range, between $85,000-$86,000 levels, could send BTC’s price above the $90,000 mark and toward the range’s high. Related Reading: Aptos (APT) To Continue Moving In ‘No Man’s Land’ – Can It Reclaim $5? According to the post, Bitcoin’s current price action resembles May 2021’s performance, before the bull run resumed. At the time, BTC reclaimed the 50 EMA on the daily chart, which “right now, just as back then, (…) has been the line in the sand between the bull and bear markets.” The analyst explained that strong spot buying pressure is necessary to break this resistance and resume BTC’s rally. “Should we finally have this spot buying pressure, and should we finally see the EMA 50 Daily being flipped, all you want next is for that liquidity wall at $87K to be properly broken,” he concluded. As of this writing, Bitcoin trades at $84,521, a 1.2% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum (ETH) continues to hold a crucial support level after recovering from last week’s correction. Its recent bounce from historical demand zones has led some analysts to suggest that the altcoin is gearing up for a breakout. Related Reading: Forget XRP At $3, Analyst Reveals How High Price Will Be In A Few Months Ethereum Holds Key Support Ethereum has reclaimed the key $1,600 level after dropping below the $1,400 support for the first time since 2023. The second-largest cryptocurrency by market capitalization recently fell to a two-year low during last week’s correction, fueled by US President Donald Trump’s trade tariff war. ETH touched $1,385 last Wednesday, retesting the 2018 all-time high (ATH) levels before recovering. Amid Trump’s 90-day tariff pause announcement, Ethereum jumped over 10% from $1,480 to $1,600, briefly nearing the $1,700 resistance. However, its price retraced to the $1,400-$1,500 support zone on Thursday amid the market’s volatility. Over the weekend, the King of Altcoins recovered, hovering between the $1,580-$1,680 price range for the past four days. Ethereum has reclaimed the $1,600 support in the past 24 hours, fueling a bullish sentiment among some market watchers. Analyst Ted Pillows noted that ETH might be getting closer to a breakout from its short-term downtrend line. According to him, investors could expect the cryptocurrency to hold the $1,550-$1,600 level now that global markets are gaining some strength. He considers holding this range could propel Ethereum’s price toward the one-month downtrend line. A breakout and confirmation of this resistance, at around $1,670, could set the base for a 20% jump toward the $2,000 resistance level. Is ETH Out Of The Woods? Merlijn The Trader suggested that ETH is gearing up for a breakout. The market watcher pointed out the cryptocurrency’s two-month descending channel, which could be “history” if volume surges. The analyst considers that as Ethereum nears the channel’s upper boundary, “all we need now is volume” for a surge above the $1,690 mark, adding that a breakout from this level would target $2,700. He also underscored that ETH’s double top formation was completed after “smashing” the $1,432 target, signaling that it “survived the storm.” Notably, the cryptocurrency confirmed this pattern, which developed within its $2,196-$3,904 Macro Range, following its March close below the $2,100 support. After recovering from the recent lows, “Now comes the face-melting rally no one expects. $4,000 is only the beginning.” Meanwhile, Rekt Capital highlighted that Ethereum’s Dominance has almost equaled old All-Time Lows. He explained that since June 2023, ETH’s Dominance has dropped from 20% to 8%, historically a reverse area for the cryptocurrency. Related Reading: Ethereum Rally May Unleash Massive Gains For 3 Altcoins “Generally, Ethereum Dominance needs to hold this green area for a chance at reversal Increasing ETH Dominance would be highly beneficial for Altcoin valuations over time,” he noted Monday. When the ETH Dominance hit the $7.5%-8.25% range, it reversed “to become more market-dominant,” which could signal a reversal for the King of Altcoins. As of this writing, ETH trades at $1,609, a 1% decrease in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Amid the market retrace, Aptos (APT) has seen an 8% decline in the past 24 hours, falling below a key support zone for the second time this week. Despite the correction, some analysts consider that the cryptocurrency could be poised for a breakout soon. Related Reading: Ethereum Trading In ‘No Man’s Land’, But Analyst Says Breakout Is A Matter Of Time Aptos Loses Macro Range Lows During the March retraces, Aptos fell below a crucial support level for the first time since August 2024 but recovered 24% near the end of the month. However, APT followed the rest of the market and dumped 11% to close the March below key levels. Analyst Rekt Capital noted that APT closed last month below its Macro Range Low of $5.44 for the first time. The cryptocurrency has been trading within the $5.45-$17 price range since 2023, retesting the range lows two times before. Historically, “APT tends to develop bases here in the form of downside wicks for three-month periods,” he explained, adding that the cryptocurrency seems to be developing a third three-month base, with the difference that it has closed below this range for the first time in the monthly timeframe. Following this performance, Aptos will need to reclaim the $5.44 level as support “to end this Monthly close as a downside deviation” and “avoid a bearish retest here.” Previously, the analyst suggested that holding this level could reverse ATP’s price action in the coming months, as it has done with the other clusters. Additionally, he pointed out the previous consolidations included a “downside wicking below support.” In his recent analysis, Rekt Capital considers that APT’s daily bullish divergence “is still something worth watching” as the cryptocurrency’s Relative Strength Index (RSI) continues to form Higher Lows despite the recent downside deviation, and its price “is trying to transition away from Lower Lows into a new Higher Low.” According to the analyst, “a clear market structure is developing here, and a breakout from it would validate the Bull Div and set APT up for a reclaim of the Macro Range Low of $5.44,” which is key for a bullish rally. APT To Reclaim $6.5 Resistance? Analyst Sjuul from AltCryptoGems highlighted Aptos’ strength amid the market volatility, which saw Bitcoin (BTC) drop from $88,000 to $81,000 in the past 24 hours. APT dropped from the $5.40 mark to the $4.95 support. The analyst considers that a retest of the local range lows could be necessary before the cryptocurrency aims for the next crucial level, as the current price zone has been tested many times. Related Reading: ACT Memecoin Crashes 50% As Several Altcoins Suddenly Tank On Binance – What’s Going On? Moreover, a reclaim of the $5.44 range could see the APT surge another 20% to the $6.5 resistance lost two months ago. Another market watcher suggested that Aptos is “showing potential for a bullish breakout as it trades within a descending channel.” Per the chart, the cryptocurrency has been trading within a descending channel since early February, testing the channel’s lower and upper boundaries throughout March. “After testing the lower trendline, it may be finding support, and a break above the upper resistance will signal a significant rally,” the analyst concluded. As of this writing, Aptos trades at $5.02, a 16.1% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin (BTC) climbed nearly 5% in the past week, reclaiming key support levels over the past three days. The recent bullish momentum has sent BTC toward the $88,000 mark, with some analysts suggesting a reclaim of its previous price range could be near. Related Reading: Ethereum To End March In Green? ETH ‘Only’ 6% Away From Positive Monthly Close Bitcoin Recovery Could Trigger 14% Surge After being rejected from the $84,000-$85,000 zone several times in the past two weeks, Bitcoin reclaimed this range over the weekend. The flagship crypto has surged 4.7% from last week’s levels, closing the week above the $86,000 mark. During the start-of-week pump, BTC eyed the $89,000 resistance, hitting a biweekly high of $88,765, but failed to retest the next crucial zone as bullish momentum slowed. Nonetheless, the cryptocurrency has held its current range, hovering between the $86-000-$88,000 support zone for the past 24 hours. Analyst Alex Clary affirmed that Bitcoin’s momentum “looks awesome” for a break above the $88,000-$90,000 support zone as the cryptocurrency shows a Relative Strength Index (RSI) bullish divergence, a V-shaped recovery, and has broken above its downtrend resistance. Per the post, a breakout and reclaim of the crucial $90,000 resistance level could propel BTC to jump between 8 to 14% from current prices to the $95,000-$100,000 levels lost in February. Meanwhile, Daan Crypto Trades noted that Bitcoin “has not moved much in the past few weeks relative to SPX.” According to the trader, BTC’s price has been correlated to the S&P 500 (SPX) and “has mostly been moving hand in hand with each other,” which could explain the flagship crypto’s recent dump and bounce. However, he affirmed that Bitcoin is still trading “at a solid spot premium during this bounce,” suggesting that a move to new local highs is possible if BTC maintains the current levels and reclaims the post-US election breakout range above $90,000. BTC Must Hold This Level By Week’s End Amid Monday’s market recovery, Analyst Rekt Capital warned that Bitcoin needs weekly closes above $88,400 and $93,500 to end its downside deviation period. The analyst explained that, over the past five weeks, BTC has been consolidating between the two biggest bull market Exponential Moving Averages (EMAs), the 21-week and 50-week EMAs. Its price action has recently gotten closer to the 21-week EMA, at around $88,400, ready “for a major trend decision.” According to the analyst, Bitcoin needs a weekly close above this level and a retest into support to target its Macro Range. “This was the exact confirmation that Bitcoin needed back in mid-2021 when the price crashed -55%,” Rekt Capital noted, suggesting that “things could get volatile both on the upside (trapping FOMO buyers in the upside wick) and the downside (with panic sellers selling into a downside wick),” if history repeats. A weekly close above it “could kickstart an uptrend continuation towards the Re-Accumulation Range Low of $93,500.” Moreover, after reclaiming the 21-week EMA, Bitcoin will need a weekly close above the re-accumulation range low to “resynchronize with the Range.” Related Reading: Crypto Expert Arthur Hayes Reveals Why Bitcoin Price Will Touch $110,000 Before $76,500 Despite this, he warned that “the Post-Halving Re-Accumulation Range has shown that simple Weekly Closes above $93,500 may not suffice” as it would need “a successful post-breakout retest of the Re-Accumulation Range Low” to confirm resynchronization with the range. He concluded that failing to successfully retest and confirm the new support could cause BTC’s price to lose this crucial level and deviate to the downside again. Featured Image from Unsplash.com, Chart from TradingView.com

On Monday, Ethereum (ETH) recovered the $2,000 support, fueled by the market’s recovery. After hitting a two-week high of $2,104, an analyst noted that the cryptocurrency could end March positively. Related Reading: Solana Next Major Move? SOL’s Renewed Uptrend Smashes Through $137 Ethereum Nears Green Monthly Close In the past 24 hours, Ethereum surged 6.2% from the $1,980 mark to $2,104. The start-of-week recovery made ETH retest the $2,100 resistance for the first time in a week and near its crucial price range. Amid the recent performance, Rekt Capital noted that the cryptocurrency’s price action is “not that far away” from turning the downside deviation into a downside wick in the monthly timeframe. ETH dropped below the $2,196-$3,900 range on March 9, plunging to $1,750 in the following days, its lowest level since November 2023. After retesting a historical demand arena, “Ethereum is now only +5% away from positioning itself for a reclaim of its Macro Range,” the analyst explained. Reclaiming this level before March closes would see “this entire sub-$2,200 downside end up as a downside wick.” Moreover, CoinGlass data shows Ethereum’s current price action is 6.8% away from turning March green. The cryptocurrency opened the month at $2,237, and a close above this level could end its three-month bleeding streak. However, if it fails to close March with positive returns, ETH could experience four months of red for the first time since 2018. The “King of Altcoins” has seen its worst Q1 in seven years, currently down 37.46% from its 2025 opening. Nonetheless, Ethereum has historically seen a bullish Q2, only closing the second quarter in red on two occasions. A recovery of ETH’s Macro Range lows could see the cryptocurrency climb back to the range’s highs in the coming three months. Can ETH Recover 2,200? Analyst Ali Martinez pointed out the key levels to watch, suggesting that Ethereum’s most crucial support zone is between $1,886 and $1.944, where more than 3 million investors bought around 6.12 million ETH. Meanwhile, its most significant resistance is between $2,250 and $2,610, where 12.28 million addresses accumulated 65 million ETH. He added that “a decisive break above this area would negate the bearish outlook.” Similarly, Crypto Jelle highlighted that ETH is attempting to reclaim the key $2,200 resistance, which could fuel a “monster deviation” if recovered. Analyst Ted Pillows suggested that Ethereum’s manipulation phase “is almost over.” Previously, the analyst asserted that ETH’s chart displayed a Power of Three (Po3) pattern in the making, signaling that the cryptocurrency is in the manipulation phase. Related Reading: Bitcoin Bottom In Sight As Trump Expected To Soften Stance On Reciprocal Tariffs: Report According to the analyst, “A breakout above $2,200 and an expansion phase will start.” He noted that the breakout could be possible as ETH retested its multi-year trendline support, which has only been retested three times since 2021. The last two times, “they marked the cycle bottom,” which could suggest that Ethereum’s bleeding is poised for a recovery if it repeats its historical performance. As of this writing, Ethereum trades at $2,090, a 4.3% surge in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin (BTC) has surged nearly 4% in the past 24 hours amid the ongoing volatility. As the price retests the $85,000 resistance, some analysts suggest a jump to $90,000 could be around the corner. Related Reading: SUI Ready For 15% Move Amid Key Level Retest – Breakout Or Breakdown Ahead? Bitcoin Retests $85,000 Barrier On Wednesday, Bitcoin broke above the $85,000 resistance after surging over 5% from yesterday’s lows. The flagship crypto has been unable to reclaim the $85,000-$86,000 zone throughout the last 10 days, struggling to hold the $84,000 support during this period. Nonetheless, BTC climbed over the last 24 hours ahead of Today’s Federal Open Market Committee (FOMC) meeting. As some market watchers pointed out, the expectations of Federal Reserve Chair Jerome Powell’s statement could “make or break” the recent reclaim of key support levels. Analyst CRG explained, “The rate change (or lack thereof) at FOMC is usually not important (unless surprise change) – as it’s baked in. It’s the forward guidance, tonality, etc., that’s important. New info surrounding the end of QT/dot plot revisions important to watch today.” The Federal Reserve announced its interest rate decision, setting the upper bound at 4.50%. As Wu Blockchain reported, the decision was in line with the expected rate and unchanged from the previous one. Meanwhile, “The dot plot indicates an expected 50 basis point rate cut in 2025. Additionally, starting in April, the Fed will slow the pace of balance sheet reduction, lowering the monthly Treasury redemption cap from $25 billion to $5 billion while maintaining the cap for agency debt and MBS at $35 billion.” Daan Crypto Trades noted that BTC’s price could “get quite interesting” with the FOMC volatility. The news could send the flagship crypto to reclaim the key $85,000 barrier or retrace to the range lows. According to the trader, Bitcoin’s liquidation heatmap showed a “few big clusters on both sides” of the weekly range. As a result, the $80,000-$81,000 and $85,000-$86,000 price ranges are two key zones to watch amid the ongoing volatility. BTC Must Hold This Key Zone The Federal Reserve’s report propelled Bitcoin’s price to a 10-day high of $85,880, registering a 3.8% surge in the daily timeframe. Daan warned investors that the current $84,000-$85,000 range is a key level to overcome, as BTC has been “unable to break back above the Daily 200MA/EMA cluster.” Reclaiming this zone could send Bitcoin back to the $90,000 resistance and reclaim its post-election breakout price range. On the contrary, a rejection could see BTC hit new lows, risking a fall to the $73,500 mark. Analyst Rekt Capital noted a decline in seller volume over the last few days, which has allowed buyers “to step in.” According to the analyst, “Buyers need to showcase above-average volume for there to be more conviction in this move.” Related Reading: BNB Ready To Breakout? New ATH Coming ‘In No Time’ If This Resistance Breaks Additionally, he highlighted that Bitcoin’s Daily Relative Strength Index (RSI) has turned into a resistance level as it has been in a downtrend since November 2024. To him, this level is worth watching in the future since “an RSI Downtrend break would likely precede a trend reversal to the upside in price.” As of this writing, Bitcoin trades at $85,132, a 4.9% increase in the past week. Featured Image from Unsplash.com, Chart from TradingView.com

SUI, the Sui Network’s native token, is retesting a key support level after surging near the $2.40 mark. As the cryptocurrency attempts to hold its current range, some analysts suggest that a breakout is imminent for the token’s price. Related Reading: Bitcoin Bull Run ‘Is Over’: CryptoQuant CEO Sounds The Alarm SUI Eyes Key Resistance On Monday, SUI saw its price surge 7% near a key resistance level, fueling bullish sentiment among investors. The cryptocurrency has been one of the leading tokens of the cycle, outperforming most of the market during the 2024 pullbacks. Nonetheless, the cryptocurrency has shredded over 57% of its gains in the past few months, falling from its $5.31 January all-time high (ATH) to the $2.20 range. After losing the $4 support zone, SUI has hovered between the $2.1-$3.5 zone, briefly falling below $2 last Tuesday. Since reaching its 4-month low, SUI has recovered 7.8% in the weekly timeframe, climbing to $2.37 today. According to analyst Ted Pillows, its recent price action has completed an inverse head and shoulder pattern, with the price potentially moving toward the $2.45 breakout level. A sustained surge above this level could send the token to retest the recently lost $2.6 support. To the analyst, “a big breakout is just a matter of time,” as institutions are taking interest in the token. Notably, Canary Capital filed a Form S-1 for an SUI spot exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC) on March 17, fueling yesterday’s 7% rally. This move follows Canary’s March 6 filing to register a trust for an SUI-based fund in Delaware. On the same day, Sui announced it had partnered with World Liberty Financial (WLFI), the US President Donald Trump’s crypto venture, to include the token in its “Macro Strategy” token reserve. $2.26 Retest: Breakout Or Breakdown? Crypto analyst Ali Martinez suggested that the token is ready for a 15% move. In an X post, he highlighted a one-week ascending triangle pattern forming in SUI’s chart, with the ascending support line currently at the $2.26 mark and $2.40 set as a crucial resistance level. According to the analyst, the 15% move’s direction will be determined by a close above the resistance line, which would send the price to the $2.80 price range, or a close below the support level, which could see the cryptocurrency plunge to $1.90. Since hitting its daily high of $2.37, SUI has retraced to the pattern’s support level, briefly falling to $2.22 before bouncing back above the ascending line. Despite the small recovery, the token has struggled to hold above the crucial level, hovering between $2.23-$2.26 throughout Tuesday morning. Related Reading: BNB Ready To Breakout? New ATH Coming ‘In No Time’ If This Resistance Breaks Meanwhile, market watcher Pushpendra Singh highlighted SUI’s current level as a “strong buying zone.” The $2-$2.3 price range served as a key breakout level during the November post-US election pump. Moreover, its recent retest and bounce from this level suggests a “breakout to the upside could be imminent.” According to the post, the cryptocurrency eyes the $7 target in the mid-term. As of this writing, SUI trades at $2.25, a 5% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

After losing a key support level earlier this week, Chainlink (LINK) has surged 24% from the recent lows to lead Friday’s crypto market. Some analysts suggested that a rebound could be around the corner as whales continue to bet on the cryptocurrency. Related Reading: Bitcoin Faces Rejection At $84,000, But Analysts Show 2020 Similarities – Recovery Ahead? Chainlink Recovers Critical Support On Friday, Chainlink surged over 10% to turn the $14 resistance into support again. The cryptocurrency lost this crucial level on Monday following the recent crypto market crash, which saw Bitcoin (BTC) fall to its lowest price in months. During the correction, LINK dropped to a four-month low at $11.71, retesting its post-election breakout levels for the first time since late November. Over the past three days, the token hovered between the $12.5-$13.5 price zone, failing to break above the range’s upper boundary and retest the $14 mark until today. It’s worth noting that this level has been a critical support during LINK’s past rallies, serving as a key breakout and bounce point in the previous cycle, Q1 2024’s high, and the post-US election pump. Moreover, whenever this level has been lost, it has led to long accumulation periods for the cryptocurrency. After today’s surge, LINK has reached a high of $14.71 before retracing to the $14.4-$14.5 price range over the past few hours. Crypto analyst Ali Martinez noted that holding its current level “could set the stage for a rebound to $24.” As Martinez has pointed out, Chainlink has been in an ascending parallel channel since July 2023, moving between the pattern’s upper and lower boundary over the last year and a half.  LINK surged to the channel’s upper trendline every time it retested the lower zone before dropping back, repeating the cycle. Based on this, the recent recovery of the parallel channel’s lower range could send the cryptocurrency to the mid-zone of the pattern before a climb to the upper boundary.  “A Spike in buying pressure at the current levels can help Chainlink rebound to the upper boundary at $45,” the analyst explained. Is LINK Poised For A Reversal? Notably, whales had bought over 3 million LINK in five days, Martinez pointed out on Tuesday, and online reports revealed that an address has continued to purchase Chainlink during the rest of the week. Lookonchain recently reported that a large-scale address has “spent 12.1 million USDC to buy 863,174 LINK at $14,” holding a total of 1.07 million tokens, valued at $15.53 million. Additionally, the address has a long position on LINK, worth $31 million. Analyst AMCrypto Alex pointed out that LINK remained in its long-term uptrend channel despite Tuesday’s low. However, he considers there is a high chance that the token will retest the $10 mark before the bottom formation. Related Reading: Solana (SOL) Retests Crucial Support Level – Is A 50% Price Drop On The Horizon? Meanwhile, trader Crypto Rand suggested that Chainlink is ready to bounce as “LINK marines are getting ready for the bull reversal.” The market watcher pointed out the cryptocurrency has been forming a falling wedge pattern since the start of 2025, and the $14 support recovery is “pushing for the breakout.” A breakout from the pattern’s upper trendline, which is around the $14.5 mark, could propel the token’s price to a 30% surge near the $20 barrier. As of this writing, LINK is trading at $14.51, an 11.6% surge in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin (BTC) has failed to reclaim $84,000 resistance again and has fallen 4% to retest another crucial support zone. Some analysts suggested that the cryptocurrency’s rally will be determined by its weekly close, which could see BTC crash or climb to new levels. Related Reading: Solana (SOL) Retests Crucial Support Level – Is A 50% Price Drop On The Horizon? Bitcoin Hits $84,000 Wall Again After losing the $84,000-$86,000 support zone on Sunday, Bitcoin has failed to reclaim this level. The flagship crypto has retraced over 11% in the past week, briefly falling to a 4-month low of $76,600 on Monday. Since then, BTC’s price has hovered between the $80,000-$84,000 range, failing to break above the range’s upper zone for the past four days. Crypto analyst Jelle noted that this resistance level has been a key level throughout the first half of March. Notably, the $84,000 mark served as an important bounce level during the start-of-month price pump and correction, and “reclaiming it will make all the difference for how the rest of the month goes.” Bitcoin has attempted to regain this level in the past 24 hours, climbing to $83,900 on Thursday morning. To the analyst, a reclaim of $84,000 could propel the price back to the post-election breakout range, and things would “get real interesting.” Ali Martinez pointed out that the biggest supply barrier for Bitcoin sits at the $95,000 range, where 1.2 million investors purchased 726,000 BTC. He also noted that the largest cryptocurrency by market capitalization is consolidating within an ascending triangle, which could lead to a 9% surge to the $90,000 mark if it breaks out above $84,000. Nonetheless, BTC failed to reclaim this key resistance and retraced to the $80,000 support zone. Jelle warned that “bulls need to defend the current area, or this could cascade towards the high seventies once more.” Is BTC’s Cycle Top Or Bottom In? Ted Pillows suggested that BTC is poised for another leg up as its price action resembles previous performances. He highlighted that Bitcoin has held its ascending support trendline like in 2017 and 2020, which “shows that the cycle isn’t over yet.” Based on this historical price performance, the analyst considers that the cryptocurrency could retest the $72,000-$74,000 support before a local bottom is in. “After that, there’ll be some consolidation followed by the next leg up,” he explained. Trader Titan of Crypto pointed at a potential reversal as BTC is “showing signs of bottoming on the weekly chart” with the Relative Strength Index (RSI) as support, an Oversold Stochastic RSI bullish crossover, and price at the lower Bollinger Band. He also noted that BTC’s price action resembles 2020’s market structure before a major breakout. Related Reading: Ethereum Risks Another 15% Correction After Fall Below $2,000 – What’s Next For ETH? Meanwhile, analyst Nebraskangooner affirmed that Bitcoin has been “historically predictable,” which suggests that its weekly close range will be key for the next move. According to the post, if BTC closes the week below $67,250, it would potentially indicate the market has already hit the top, as it would become a distribution range. The analyst explained that the cryptocurrency has respected the “distribution, accumulation, and instant reversal” levels in every BTC bear market. If Bitcoin remains “historically predictable,” the cryptocurrency could fall to levels not seen since late 2023 and early 2024. As of this writing, BTC trades at $80,810, a 3.4% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana (SOL) has seen a nearly 40% retrace over the past month, losing key support levels since February. As its price retests a key horizontal level, some analysts warn of a potential 50% correction to a yearly low. Related Reading: Solana Falls Under Realized Price: Here’s What Happened Last Time Solana Loses Key Support Level Solana has been one of the leading cryptocurrencies of the cycle, fueled by the market’s memecoin frenzy. The altcoin climbed over 270% in a year to its latest all-time high (ATH) of $270, registered nearly two months ago. Nonetheless, SOL’s bullish sentiment has significantly decreased since January, recently plummeting to its lowest point in over a year. As a result, the cryptocurrency has dropped over 50% from its January 19 ATH. Solana lost the key $200-$220 support zone at the start of last month, with the February market crashes sending SOL to retest its next crucial levels. After losing the $180 mark two weeks ago, its price hovered between the $130-$150 range, surging to the $179 mark at the start of March. This week’s market correction, which saw Bitcoin (BTC) drop to $76,000 for the first time in four months, has sent Solana to new monthly lows. On Tuesday, SOL’s price briefly dropped to $111, a level not seen since the August 2024 market crash, before bouncing back to $125. Amid the ongoing retest, pseudonym trader Crypto Busy warned that SOL must “hold this crucial support to maintain a bullish sentiment above $100.” Crypto analyst Ali Martinez previously noted that the most crucial zone for Solana appears to be between $110 and $125, as this horizontal level served as a key support during its 2021 and 2024 rallies. The analyst suggested that “holding above this range could be key for the next move.” SOL Price Risks Move To $60 Martinez also pointed out that Solana could be on the verge of a breakdown, as it has broken below its key level. According to the post, SOL risks a 50% crash to the $60 mark if it fails to hold the $125 support zone. The analyst highlighted that the cryptocurrency has been forming a right angle ascending broadening pattern since March 2024, when it first reclaimed the level during this cycle. During this period, every higher high on Solana’s chart has created a rising trendline at the top of the pattern, while the $125 support has held “as a strong horizontal support trendline.” Related Reading: Ethereum Risks Another 15% Correction After Fall Below $2,000 – What’s Next For ETH? However, SOL’s break below this horizontal zone has increased the odds of a 50% price correction to the Q4 2023 levels. Additionally, Martinez recently warned of a potential correction based on Solana’s trading pair against Bitcoin, which started to resemble ETH/BTC’s chart. The analyst suggested that the SOL/BTC chart was looking like Ethereum’s trading pair against BTC’s past price action, adding that if it continued to follow this pattern, the SOL/BTC chart could see a drop to the 0.0008 region. After the recent price action, the trading pair hit a 15-month low of 0.0014624 on Tuesday. As of this writing, Solana trades at $124, a 14% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum (ETH) has revisited yearly lows after losing the key $2,000 support, registering its worst performance in years. Some analysts forecasted another 15% drop if the trend continues but suggested that ETH could see a bullish end-of-year. Related Reading: Bitcoin’s Future Comes Down To This One Question, Says Bitwise Ethereum Hits 17-Month Low Ethereum experienced a 15% correction on Monday, falling from $2,150 to $1,810. ETH’s performance followed Bitcoin (BTC) and the rest of the market’s pullback, which saw the flagship crypto drop to $76,000 for the first time since the post-election breakout started. As the retrace continued, the second-largest cryptocurrency by market capitalization dropped to its lowest level since November 2023, touching the $1,750 mark before recovering the $1,900 support. Some market watchers pointed out that Ethereum has been in a three-month downtrend, retracing around 53% since its December peak. Trader Crypto Rand noted that the King of Altcoins has 20 days “to turn green,” or “it will be the first time since 2018 that ETH has experienced 4 x months of red in a row.” That year, ETH spent seven consecutive months recording double-digit losses, losing approximately 80% of its value from May until November. CoinGlass data shows that March tends to be a favorable month for the cryptocurrency, with an average 20% return since 2016. In 2024, the cryptocurrency closed the month with 9.33% gains, following a strong 46% performance in February. However, market sentiment has declined after back-to-back negative performances this year, with a 1.98% and 31.95% decline in January and February, respectively. The cryptocurrency registers a 15.12% loss Month-to-Date (MTD) and could see its worst Q1 close since 2018 at current levels. As a result, Ethereum must close this month above the $2,237 mark to prevent its second-worst historical performance. ETH Drop To $1,600 Coming? Some market watchers highlighted that the cryptocurrency’s current performance reached FTX-crash levels, with sentiment leaning towards a deeper correction. Crypto analyst Ted Pillows noted that Ethereum could see another 15% correction now that the $2,000 support has been lost. According to the post, “there’s a good chance ETH will retest the $1.6K-$1.8K level” as the “manipulation phase is ongoing.” The analyst suggested a potential Power of Three (Po3) pattern on ETH’s chart, which divides the price cycle into three distinctive phases: accumulation, manipulation, and distribution. The accumulation phase consists of a consolidation near the recent high after a strong price performance. In the manipulation phase, a token’s price falls below the accumulation phase’s support level and trades within a range below the lost zone. Meanwhile, the distribution phase sees a strong price breakout to build momentum and drive participants to enter the market. Related Reading: XRP Flirts With A Daily Range Breakdown – Price Must Hold Above $2 Level Ted also stated that ETH’s current performance “feels like it’s trading like the 2016-17 cycle.” At the time, Ethereum consolidated for around a year and dropped below the range’s key support level for a few weeks before surging to new highs.  ETH has been “consolidating for a year now and recently broke below a key support level,” suggesting that the latter half of 2025 could be bullish for the cryptocurrency if history repeats. As of this writing, Ethereum trades at $1,947, a 4.47% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Stellar (XLM) is attempting to reclaim a recently lost level that could propel the price to a retest of a key resistance zone. Some market watchers suggested that its price could be preparing for a massive surge to a new all-time high (ATH). Related Reading: Cardano 125% Pump Coming? Analyst Says ADA ‘Could Be Poised’ For Rally To $2.20 Stellar Getting Ready For 300% Breakout Stellar has seen a 9% surge in the past day, recovering from this week’s market dump and rallying to the $0.30 mark again. According to crypto analyst Ali Martinez, Stellar could witness a 300% breakout soon as the cryptocurrency appears to be forming a bullish pattern. After the November 2024 breakout, XLM started to form a bullish flag, with the 600% post-US election rally forming the pattern’s flagpole. Since then, Stellar has been consolidating between the $0.63 and $0.25 price range, forming the pattern’s flag. Since hitting its 3-year high in December, XLM has seen a 52% price decrease, failing to break above its downtrend line. During the February market retraces, the cryptocurrency retraced nearly 40% from its monthly opening, hitting its lowest price action since November. Over the weekend, Stellar followed the rest of the crypto market, fueled by US President Donald Trump’s announcement of a US Crypto Strategic Reserve comprised of “made in the USA” cryptocurrencies like XRP, Cardano (ADA), and Solana (SOL). XLM surged around 25% from the range’s lower levels to $0.37, retesting the $0.35 key resistance. The $0.32-$0-35 range has been a key zone for the cryptocurrency since the Q4 2024 breakout, serving as a crucial support level until turning into resistance in February. As the analyst pointed out, “A sustained break above the $0.42 resistance could trigger a bull run to $1.60.” Nonetheless, the cryptocurrency’s recent performance has failed to reclaim a key level in the mid-zone of its 3-month price range. XLM Following 2017’s Playbook? XLM failed to hold the $0.35 level amid the Monday market dump, retracing 20% and erasing the Sunday gains. Breaking above this resistance could send Stellar’s price to the bull flag’s upper range while failing to reclaim it could send the price to the pattern’s lower range between $0.20 and $0.23. On Tuesday, the cryptocurrency continued bleeding and retested its recent lows as support. XLM bounced from $0.27 above the $0.30 level on Wednesday morning, attempting to reclaim it. Technical Analyst Charting Guy highlighted that XLM’s Relative Strength Index (RSI) recently broke out of a 96-day downtrend “while price consolidated in the golden pocket with time capitulation getting to people.” Related Reading: Ethereum Price ‘Between Heaven And Hell’: $2,000 Level Retest Key For ETH’s Next Move He also noted that XLM’s bull flag “coincidentally targets” the 1.272 Fibonacci level at around $2.46. After its recent performance, the cryptocurrency appears to be following its 2017 pattern, which adds “more confluence to 1.272 fib target,” he explained. In Q4 2017, Stellar saw a similar price breakout, followed by a consolidation period within a bullish flag. XLM then broke out of this pattern and rose over 190% to ATH in early 2018. To the analyst, “Once we break above the top of the golden pocket, it’s game on.” At the time of writing, Stellar trades at $0.30, a 2.4% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

This week’s market correction has seen Bitcoin (BTC), the largest cryptocurrency by market capitalization, retest some of its key support levels. As the price starts to recover from the recent lows, some analysts consider the weekend might bring some bullish relief for investors. Related Reading: Ethereum Drop Coming? ETH Risks Fall To $2,180 If This Support Fails – Analyst Bitcoin Recovers From $78,000 Drop Bitcoin has experienced significant selling pressure over the last week, fueling doubts about a potential market top. The flagship crypto has dropped 21% from last week’s high of $99,000, dipping below the $80,000 level for the first time since November. The correction also saw BTC drop nearly 30% from its January all-time high (ATH) and trade below its post-US election price range. A week after the market bleeding started, Bitcoin hit a new three-month low, retesting the $78,000 support on Friday morning. Various market watchers noted that BTC’s most recent decline reached and partially filled its November 2024 CME Gap between $78,000 and $80,700. Rekt Capital pointed out that Bitcoin is experiencing a “strong rebound against the partially filled CME Gap and is doing so on above-average seller volume.” The flagship crypto has surged around 7% from today’s lows, hovering between the $83,000 and $84,000 support zone for the past few hours. To the analyst, the CME Gap support and sell-side volume will be two key indicators to pay attention to over the weekend as constant, uninterrupted BTC sell-side pressure is unsustainable, and seller exhaustion potentially accelerates in the next few days. Bitcoin is finally starting to experience above-average seller volume. There’s still scope for more seller volume to come in, but the chances of Seller Exhaustion occurring are increasing. And Seller Exhaustion tends to precede price reversals. Is A Weekend Rebound Coming? Crypto analyst Jelle highlighted that Bitcoin has done “three drives in deeply oversold territory” this week and is retesting the local lows before today’s drop, which suggests that a “weekend relief seems likely.” The analyst stated that reclaiming the $84,500 support is key for BTC’s recovery as “the past two retests ended up resulting in new lows.” Nonetheless, he noted that today’s rebound seems different due to BTC “touching the 200-ema cluster” for the first time this week and breaking above it. To Jelle, this could signal an “interesting weekend,” with the new CME Gap at $93,000 open. Rekt Capital pointed out that Bitcoin “has filled every CME Gap that has formed since mid-March 2024” and that only the newly formed CME Gap between $92,800 and $94,000 remains open after this retrace. If BTC continues this pattern, the price could see a rebound to fill the new gap soon. Related Reading: Memecoin Scam Alert: Pump.Fun X Account Hacked, Promotes Fake PUMP Token The analyst has outlined two potential scenarios for BTC’s current “downside deviation.” According to the post, Bitcoin’s price could revisit $93,500 by the end of the week if the deviation “is to end up as a downside wick.” Meanwhile, if the deviation is “to end up as the Post-Halving deviation featuring Weekly Candle Closes below the Re-Accumulation range,” BTC’s price could revisit the $93,500 level in the next two to three weeks as “part of a post-breakdown relief rally.” As of this writing, Bitcoin trades at $85,120, a 0.5% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Amid the market retrace, Solana (SOL) saw a massive correction that dragged its price to a five-month low. If SOL fails to reclaim its key support levels, some market watchers predict the altcoin risks further bleeding. Related Reading: Red Monday, Green Week? Bitcoin Needs To Reclaim This Level For Trend Continuation – Analyst Solana Sentiment Plummets To Yearly Low On Monday afternoon, the crypto market continued the weekend bleeding after failing to hold its key support levels. In the past 24 hours, most cryptocurrencies have dropped to monthly lows amid the latest market correction. Bitcoin, the largest crypto by market capitalization, moved from the $96,000 mark to the range lows of its post-elections range before losing the $90,000 support for the first time since November. As the flagship crypto bled, Solana, one of the leading Altcoins this cycle, followed BTC’s steps. SOL dropped 12% from the $150 support, tapping the $140 level and dropping to $131 on Tuesday morning, its lowest price since September. Analyst Miles Deutscher pointed out that Solana’s sentiment has reached its lowest level in over a year. According to the post, the sentiment for SOL hasn’t been this low since the cryptocurrency first reclaimed the $100 mark at the start of 2024. It’s worth noting that market sentiment has shifted over the past few weeks, with several community members expressing increasing fatigue from the numerous Solana-based memecoin scams. After the Libra token crash, which saw over $100 million taken from investors, the market started to see capital rotation from Solana to Ethereum. At the time, SOL’s price dropped 12%, losing the $180 support zone and failing to reclaim it for the past week. Deutscher stated that Solana is “finally having its capitulation moment” after being a top performer throughout last year. He also implied that the capitulation suggests a rebound could be coming. Another 50% Drop Coming? Crypto analyst Jelle highlighted that Solana is registering a 50% drop from January highs and has retraced to a key weekly level. The $130 and $140 zone was a key support level throughout the 2021 all-time high (ATH) breakout and the 2024 rally. Jelle also suggested that holding this area will be key for Solana’s performance, as the upcoming token unlock, scheduled for March 1st, will affect its price. Ali Martinez commented on SOL’s recent performance, noting that SOL’s trading pair against BTC resembles ETH/BTC. According to the analyst, the SOL/BTC chart is starting to look like Ethereum’s trading pair against BTC’s past price action. Related Reading: LINK Sudden Breakdown Sparks Fears Of Collapse To $12.5 Support Zone If the pattern continues, SOL/BTC could be poised for a 50% drop to 0.0008, sending Solana’s price to the $70 region. Meanwhile, Altcoin Sherpa considers the $90-$125 region a “good area overall” to purchase, as he doesn’t believe that Solana is “dead.” The analyst added that SOL will likely recover from the lows but expects some volatility. As of this writing, SOL trades at $141.36, a 45% decline in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin (BTC) has dropped below $95,000 and risks a further decline amid the ongoing market retrace. As February comes to an end, some analysts consider the flagship crypto needs to reclaim some crucial levels to continue its bullish long-term trend. Related Reading: Is The Bitcoin Price Manipulated? Expert Exposes The Truth Bitcoin Sees Monday Bleeding Over the past three days, Bitcoin has seen its price drop below some key levels, dropping 5.7% From Friday’s highs. Amid the news of the US Securities and Exchange Commission’s withdrawal of its crypto case against Coinbase, the largest crypto by market capitalization traded above the $99,000 mark for the first time in two weeks. However, the positive sentiment quickly vanished after Bybit, one of the largest crypto exchanges in the world, suffered a $1.5 billion hack that took around 401,347 ETH. As a result, most cryptocurrencies, including Bitcoin, lost their momentary gains. Since then, the flagship crypto has hovered between the $95,000 and $96,000 zone, briefly nearing the $97,000 resistance on Saturday. On Monday, the correction continued, with BTC dropping below $95,000 and hitting its one-week low at $93,800. As noted by analyst Jelle, Bitcoin continues to dump on New York markets opening. Per the post, BTC has been retracing from its early Monday recoveries every week after the US market opens, driving its price to a red Monday close several times in the past few months. Despite these retraces and the recent market corrections, Bitcoin has remained within its post-election range since November, showing minimal volatility. BTC has hovered between the $96,000-$102,000 mid-zone of the range for most of this period. Amid its recent performance, Altcoin Sherpa pointed out that, excluding February 18, Bitcoin has not closed below its daily support zone in over a month, signaling that BTC needs to close above $95,700 to continue holding this crucial level. BTC Retests Bullish Flag Breakout Meanwhile, Rekt Capital highlighted that BTC needs a monthly close above $96,000 to continue its bullish long-term trend. In January, the largest crypto registered a historic candle after closing the month above the $100,000 mark for the first time. This close confirmed Bitcoin’s breakout from its post-election monthly bull flag. However, the recent price action has seen BTC retest its breakout level again, momentarily losing it. The analyst asserted that the cryptocurrency needs to reclaim and close February above $96,700 “to confirm the breakout & set itself up for trend continuation over time.” He added that BTC has traded around this key level throughout the majority of February, and continuing to hold it would indicate a “successful post-breakout retest.” Related Reading: Dogecoin Activity Levels Crash To 4-Month Lows, Does This Spell Doom For The Meme Coin? Rekt Capital concluded that BTC’s daily close “isn’t as important as the higher timeframe signal” as the bull flag bottom continues to hold as support “and the three-month trend of a Higher Low at the downside wicks still exists.” At the time of writing, BTC trades at $94,165, a 2.1% decrease in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As the cycle progresses, many investors are awaiting the long-anticipated Altseason, with opinions split on whether it will happen. Several market watchers have affirmed that Altcoins (Alts) are getting ready for an explosive breakout, but others, including CryptoQuant’s CEO, have suggested a different outlook. Related Reading: Nansen’s Bitcoin On-Chain Analytics Reveal 42% Increase In BTC Transactions Few Cryptocurrencies To ‘Survive’ The Altseason On Friday, Ki Young Ju, CryptoQuant’s founder and CEO, affirmed that the Altseason has begun. In an X thread, Ju suggested that there will not be a direct Bitcoin-to-alt rotation this cycle, noting that “stablecoin holders are favoring” Altcoins. According to Ju, Bitcoin is no longer a quote cryptocurrency, adding that Bitcoin (BTC) Dominance doesn’t define the altseason anymore. In a December post, he explained that “Altcoins used to move together based on their correlation with BTC,” however, this pattern has now broken. Instead, he stated that trading volume is the metric that defines it, with Altcoins currently having 2.7x the volume of Bitcoin. Ju also considers this to be a very selective and challenging altseason, with only a few Altcoins with strong user cases and narratives expected to thrive. He added that, despite good market sentiment, there isn’t fresh liquidity, which “feels like a PvP fight over a fixed pie.” As a result, Altcoin battles “are getting fiercer,” and only a few are pumping this altseason and attracting new liquidity. Altcoin markets are currently a zero-sum PvP game. While Bitcoin has doubled its market cap, the alt market cap is still below its previous ATH, rotating among themselves without fresh capital inflows. Only a few Alts with strong use cases and narratives will survive. Altcoins Ready For Next Leg Up Trader Crypto Yoddha suggested that Altcoins are “ready for round 2” after its recent performance. According to the post, the crypto market, excluding BTC and ETH, is following 2020-2021’s playbook. During the last cycle, Altcoins experienced two legs towards its cycle top and all-time high (ATH) of $1.13 trillion. In the “first round,” they broke out from its accumulation period, seeing a small re-accumulation phase before surging to the previous top. After reclaiming this resistance level, Altcoins started “round two,” achieving various new highs before hitting a new cycle top. Yoddha pointed out that the market is finishing the first round, as it tested last cycle’s top during the post-election pump. Analyst Rekt Capital affirmed that the crypto market cap, excluding the top 10 tokens, “has completed the second part of its Double Bottom formation.” He explained that Altcoins had been consolidating between the $250 billion to $280 billion range since the February 3 correction. Related Reading: Ethereum To Move Sideways For 2-3 Months? Analyst Says Longer ETH Consolidation Is Needed Per the post, Alts must close above $280 billion and retest this level as support to confirm a breakout from its three-week resistance and attempt to reclaim the $300 billion mark. Similarly, analyst Carl Runefelt stated that Altcoins have a parabolic move after breaking out of its two-month descending channel. Alts saw a 120% climb after breaking out of a 2024 multi-month descending channel. Altcoins must reclaim the $300 billion resistance to break from this pattern. Featured Image from Unsplash.com, Chart from TradingView.com

Sonic (S), previously known as Fantom (FTM), is leading the crypto market with a significant surge over the daily and weekly timeframes. Analysts noted that the post-rebrand bullish momentum has sent the token to test a key resistance level, which could propel the price to the $1 barrier. Related Reading: Nansen’s Bitcoin On-Chain Analytics Reveal 42% Increase In BTC Transactions Sonic Leads With Post-Rebrand Bullish Momentum Following the anticipated token upgrade, Sonic’s native token price has seen significant bullish momentum, reaching the $0.80 mark twice. On January 13, Fantom officially rebranded as Sonic, upgrading FTM tokens to S tokens on a 1:1 ratio. Amid the rebrand, the cryptocurrency hit a yearly high of $0.84 before retracing to the $0.50 support in the following days. Over the past month, the cryptocurrency has hovered between the $0.40-$0.60 price range, finally breaking out of this range at the start of this week. Crypto analyst Michaël van de Poppe highlighted that Sonic has been one of the key ecosystems recently, with its Total Value Locked (TVL) surging 300% in less than two months. According to DeFiLlama data, Sonic’s TVL has surged from $405.39 million to $635.31 million in the past seven days. The analyst also remarked S is fully unlocked, unlike other leading altcoins like Solana (SOL) and SUI, and has high throughput and fast settlement. Based on this, he considers Sonic “a true competitor of SOL and likely one to watch for the upcoming year as the price has bounced the strongest.” Sonic has been one of the leading altcoins this week, surging as the best-performing cryptocurrency in the top 100 with its 54.61% weekly increase. Additionally, it has come on top in the daily timeframe, leading the market with its 20% jump in the past 24 hours. S Breakout Hits New High Several market watchers have noted S’s recent performance, suggesting it could continue its bullish momentum. Altcoin Sherpa stated Sonic is “still one of the strongest midcaps there is right now.” The analysts hinted it could surge to higher price targets as FTM hit an all-time high (ATH) of nearly $4 last cycle. Meanwhile, analyst Sjuul from AltCryptoGems pointed out that the cryptocurrency formed a rounded bottom over the past four weeks after falling below $0.60. This Monday, S’s price broke above this key resistance. Over the past three days, Sonic has reclaimed the $0.60-$0.65 price range, confirming the breakout from the one-month downtrend. This performance led S to another 20% surge in the past 24 hours to retest the $0.80 resistance and a new yearly high at $0.87. Related Reading: Ethereum To Move Sideways For 2-3 Months? Analyst Says Longer ETH Consolidation Is Needed However, Ali Martinez stated Sonic could see a spike in profit-taking on the horizon. The analyst indicated that the TD Sequential flashed a sell signal on the 4-hour chart after hitting the $0.80 target from its head-and-shoulders pattern. A sell-off could see the cryptocurrency’s price retrace to its $0.60 support zone and retest it. Meanwhile, holding the current level could further propel Sonic’s bullish momentum toward the $1 barrier. As of this writing, S trades at $0.86, a 66% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

A week after its last attempt to reclaim the $100,000 barrier, Bitcoin (BTC) continues moving within its local range. Following its recent performance, some analysts consider that BTC could be near a breakout and a massive rally toward a new high. Related Reading: CZ Sparks Memecoin Frenzy With Dog Picture: Four.Meme Starts Token Betting Event Bitcoin Ready For A Breakout Or a Breakdown? Amid the market volatility, Bitcoin has found price stability, staying within the mid-zone of its post-election breakout level. During the recent 12% correction, BTC saw its price retest the range lows as support, bouncing toward the $100,000 barrier. However, it failed to regain this zone as support and continued its sideways move within this range. Over the last week, the flagship crypto has hovered between $94,000 and $98,000, incapable of holding the $99,000 mark since late January. Crypto trader EliZ noted that Bitcoin has been within this “mini range” for nearly two weeks, suggesting that the cryptocurrency is poised for “a big move” out of this consolidation zone. He cautioned investors that the direction the flagship crypto could take “is almost impossible to predict.” It is worth noting that market sentiment has recently divided, as Bitcoin’s price action doesn’t seem to reflect bullish news. A Nansem analyst suggested that the market appears momentarily satiated and more “reactive to negative sentiment than positive news.” Ali Martinez said Bitcoin looks “primed for a breakout,” highlighting an almost two-week symmetrical triangle in BTC’s chart. After the recent price performance, the cryptocurrency tested the pattern’s upper trendline, suggesting another retest could be near. Nonetheless, the analyst stated that a confirmation of the breakout will be key before the next BTC move. BTC Price Eyes $150,000 Cycle Top Crypto Jelle also considers that Bitcoin is preparing to start its next leg up. BTC’s “explosive moves generally kick off after the first price-discovery consolidation is completed,” which, according to other analysts, it has. Rekt Capital has stated that Bitcoin is about to embark on its second price discovery uptrend, as BTC has completed the first price-discovery correction of its post-halving parabolic phase. According to Jelle’s X post, Bitcoin gained 577% in 133 days in 2017, while it recorded a 70% increase in 56 days in 2021. Moreover, he pointed out another signal that could shed some light on BTC’s top this cycle. The analyst affirmed, “Bitcoin crossing above its 2-year MA multiplier has historically been a great top signal.” Bitcoin topped after crossing above the 5X multiplier in the first two cycles. Meanwhile, it didn’t hit last cycle’s top until “tagging the 5x multiplier – well above the 4x multiplier,” suggesting that a diminishing trend could be forming. Related Reading: BNB Flips Solana’s Market Cap Amid Market Retrace – Breakout To $700 Coming? However, Jelle affirms that even if BTC’s price only hits the 3x multiplier this cycle, the price is still poised for a significant rise. According to the chart, the potential multiplier for the cycle targets the $152,000 mark. As of this writing, Bitcoin trades at $98,243, a 1.7% increase on the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin (BTC) continues to move within its one-week range after recovering from its recent drop to $91,000 but has failed to reclaim support above the $98,000 mark. Some analysts consider that BTC’s sentiment will remain neutral while it regains this support zone and builds up momentum toward a new high. Related Reading: Ethereum Holds ‘Bounce Or Die’ Level: Rebound To $4,000 Could Be Near Bitcoin Price Stability Could Lead To $101K Reclaim Following the start-of-February market correction, Bitcoin has been moving within the $96,000-$99,000 price range. The flagship cryptocurrency has recovered from its momentary fall to $91,000 and found support within its one-week range, only dropping 2% during this Sunday’s market retrace. The largest cryptocurrency has been hovering between $90,000 and $108,000 since the US Elections pump, moving in the mid-zone of its four-month price range for most of this period. Crypto analyst Rekt Capital pointed out Bitcoin’s positive performance, as it “continues to enjoy price stability” above a diagonal trendline support, a previous one-month downtrend line, broken during the latest all-time high (ATH) breakout. Since the DeepSeek-triggered correction, Bitcoin recorded price advances “that have been quickly getting canceled out, as evidenced by the recent upside wicks.” However, BTC’s price continued to hold the diagonal trendline as support over the week, which is necessary to build further momentum. According to the analyst, “As long as it continues to hold, the price will be positioned for a revisit of $101k over time.” After its most recent price action, BTC needs to reclaim the $97,700 mark to “build on this reversal with additional follow-through.” To achieve this, the flagship cryptocurrency must print a daily close above this level and reclaim it as support to build on its momentum toward the $101,000 resistance. BTC Remain Bullish in Higher Timeframes Daan Crypto Trades highlighted BTC’s range hasn’t changed, as it continues to move sideways while many altcoins have been losing ground. According to the X post, Bitcoin is consolidating while attempting a breakout on the lower timeframes. If the flagship crypto reclaims the highs from last week’s initial bounce, above the $100,000 barrier, BTC’s market structure will flip around. Daan stated BTC’s momentum is “pretty neutral” in the short term while bullish in the higher timeframes. Additionally, he pointed out that risk on sentiment will return once Bitcoin goes back into price discovery. According to Rekt Capital, BTC’s Second Price Discovery Uptrend should come in the next few weeks, as the cryptocurrency is trying to “trend reverse out of its 1st Price Discovery Correction,” which started in December. Related Reading: Can Bitcoin Hold $97K? – 1-3 Month Holders’ Data Reveals Crucial BTC Demand Bitcoin has historically begun its second leg up around the 16th week of its Post-Halving Parabolic Phase, suggesting Bitcoin could start its next run to new highs soon. Moreover, February has also been a historically positive month for the flagship crypto. Several analysts have pointed out that BTC’s post-halving year performance has generally been favorable during Q1, generally struggling throughout the first few weeks of the year but gaining momentum throughout February and March. As of this writing, Bitcoin trades at $96,091, a 1.2% decrease in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Amid the market corrections, Ethereum (ETH) has retested a key multi-year support level, suggesting that a bounce to $4,000 could be near. However, some market watchers noted that ETH has tapped an “interesting level” against Bitcoin, which could signal the time to celebrate is not here yet. Related Reading: Analyst Says Prepare For Ethereum Price To Hit $17,000, Here’s Why Ethereum Holds Key Support Level Over a week ago, the crypto market saw its biggest retrace in months, sending Bitcoin and most cryptocurrencies to monthly lows. Ethereum dropped to $2,120, hitting its lowest price range since the early August correction. Since then, ETH has moved within the $2,600-$2,830 price range, struggling to turn the range’s upper level into support for the past week. Yesterday’s market pullback, seemingly fueled by Donald Trump’s latest tariffs on steel and aluminum, saw Ethereum drop below the $2,600 support, a key resistance level before the Q3 2024 breakout. On Monday, the King of Altcoin reclaimed the recently lost support, trading above the $2,650 mark throughout the morning. Some market watchers noted that ETH remains in its “bounce or die” multi-year support. Ethereum has been in an uptrend support since 2022, retesting this trendline four times before. Each retest has been followed by a rebound to a key horizontal level in the following weeks. ETH faced resistance at the $1,900-$2,200 zone during the 2022 retests of the ascending trendline before breaking out. Meanwhile, the 2023 and 2024 rebounds saw ETH bounce from the uptrend support to face resistance at the $4,000-$4,100 levels. Market observer and investor Ted Pillows noted that Ethereum held its uptrend support since May 2023 after the recent retest, which could indicate that a rebound is near. If the pattern repeats, the cryptocurrency could break past the $4,100 resistance level and aim for new highs soon. ETH Price Action Resembles 2020-2021 Rally Ted also pointed out that ETH’s recent “capitulation candle” looked like March 2020’s. He explained that Ethereum recorded a major dump that led investors to believe the altcoin’s rally was over. However, the cryptocurrency bounced back, resulting in a “long-term structure breakout for Ethereum.” According to analyst Crypto Jelle, ETH currently trades in a multi-year ascending triangle, and the recent performance suggests that the next move “will be the real deal.” He noted that Ethereum’s next attempt would be the fourth retest of the $4,000 mark this cycle, which could “be the charm” as the resistance level weakens. A breakout and reclaim of this key resistance would potentially lead to a retest of the $4,878 all-time high (ATH). Related Reading: SUI Defies The Odds: Another Comeback From $2.8 Sparks Bullish Run Daan Crypto Trades highlighted that the ETH/BTC trading pair moved back to its 2016-2020 levels when it hovered between 0.023-0.036. The range’s upper zone served as a key resistance throughout these years, propelling ETH to ATH and local highs against BTC once turned into support. The trader considers that ETH/BTC could sit within this level “for quite a while” and that “the time to get excited again is when this retakes 0.036 at the very minimum.” As of this writing, Ethereum trades at $2,659, a 1.2% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

After the recent crypto market corrections, some investor’s and market watchers’ bullish sentiment appears to have decreased, with many claiming the top is in. However, other analysts point out that several indicators don’t signal a cycle peak yet, suggesting that the bull still has some gas in its tank. Related Reading: Aptos (APT) Could See A 95% Rebound, But It Must Hold This Level – Analyst Crypto Market Capitalization Retests Key Level The crypto market has recently suffered continuous corrections that have halted the momentum from the post-US election. During the November-December rally, the industry achieved many milestones, including Bitcoin’s breakout from the $100,000 barrier for the first time in history. The crypto market also surpassed its 2021 all-time high (ATH), reaching a market capitalization of $3.73 trillion on December 17, 2024. Nonetheless, its recent shakeout sent the total crypto market cap (TOTAL) to its lowest range in nearly three months. On Monday, the market retraced to the $2.8 trillion mark, briefly losing the key $3 trillion support level before bouncing. Market observer Daan Crypto Trades highlighted that the TOTAL chart retested the 2021 ATH during the pullback, turning the weekly candle “into a pretty interesting one.” The trader explained that the $3 trillion mark is crucial to hold going forward despite the chart showing “plenty of demand for the time being.” Meanwhile, the $3.7 trillion mark remains the key resistance level, as it is “what’s in the way of further expansion higher.” Daan also noted that the Altcoins market capitalization, which excludes Bitcoin and Ethereum, swept the 2024 highs and bounced after briefly losing its current range during the market correction, which could suggest that the long-awaited altseason is still ahead. He pointed out that Altcoins might continue moving sideways within their current range, but a breakout could see them test the December highs, as they are yet to break their 2021 ATH properly. Cycle Top Coming In Q4? Analyst Sjuul from AltcryptoGems shared an analysis of the total crypto market chart. The analyst stated that he doesn’t see the “warning signs” other investors and market watchers have mentioned online. From a technical perspective, the crypto market’s rally is a “straightforward support and resistance situation” since flipping the 2021 ATH level, which the market is currently holding. Sjuul compared this cycle to the previous one, stating that it technically is the beginning of the “real bull run.” Timewise, the chart presents various similarities between the two cycles, suggesting the top is around 230 days away. He explains that the 2021 breakout from the previous cycle’s top occurred 1,120 days from the 2017 ATH. Additionally, the 2021 cycle top occurred 1,400 days after the 2017 peak. Related Reading: Bitcoin Volatility ‘Relatively Low’ Despite Market Shakeouts – Analysts Eye This Crucial Level Meanwhile, this cycle’s breakout from the 2021 ATH happened approximately 1,120 days after the top, similar to the last cycle. If history repeats itself, this cycle’s timing suggests that the crypto market top is around 7-9 months away. Ultimately, the analyst projected the market peak to occur in Q4 2025 and potentially hit a market capitalization of $4.5 trillion. Featured Image from Unsplash.com, Chart from TradingView.com

Following the market’s recent corrections, Aptos (APT) has revisited the lows of its Macro Range, hitting a six-month low at the start of February. According to an analyst, the cryptocurrency’s recovery and ongoing retests of this crucial level could lead to a rebound in the following months. Related Reading: Bitcoin Volatility ‘Relatively Low’ Despite Market Shakeouts – Analysts Eye This Crucial Level Aptos Recovers From 6-Month Low Aptos has recovered 24% from the recent market correction, which sent Bitcoin to $91,000 and most cryptocurrencies to monthly lows. On Sunday, the token briefly nosedived 34% from its daily high above $7 to its lowest price since August 2024. Market watcher Daan Crypto Trades noted that APT has been moving within two horizontal levels since its launch. The higher horizontal level ranges from $15 to $17, while the lower zone ranges from around $4.80 to $5.45. During the pullback, Aptos “didn’t quite sweep the August lows” but “held on to that same ~$5 area again,” Daan pointed out. Similarly, Crypto Analyst Rekt Capital analyzed the cryptocurrency’s recent performance, explaining that “APT has now dropped into the Macro Wedge Bottom, holding support there while producing downside wicking below it.” APT’s Macro Wedge Bottom is also the “technical uptrend line dating to early 2023,” which is crucial to maintaining the technical uptrend and the macro market structure in general. Rekt Capital suggests that the cryptocurrency must print Weekly Closed above this line, at around $5.97. However, he noted that, in the monthly timeframe, APT appears to be in a Macro Range. The analyst explains that, in this Macro Range, APT seems to be developing a third cluster, but the price needs to hold the crucial $5.45 support zone to maintain this range and rebound. If the cryptocurrency holds continued stability above this level, it could reverse in the following months, as previous clusters saw “several after three monthly candles at the Range Low.” However, the price could see several retests before a rebound. He pointed out that the previous consolidations included a “downside wicking below support.” APT To Breakout In Three Months? If Aptos reverses, its price must break its 11-month downtrend. According to Rekt Capital’s analysis, a rejection from the downtrend line, followed by a drop to the Range Low, could “spell that the rebounds from the Macro Range Low are getting weaker, signaling weakening support there.” As a result, APT needs a strong rebound from this Macro Range Low “to go against the diminishing returns” that seem to be developing from this range. The 2023 rebound saw Aptos bounce 211% from the range lows before facing resistance near ATH levels, while 2024’s price rebound recorded a 145% jump before retracing from the $13 mark. Related Reading: Memecoins Crowned As ‘Defining Narrative Of 2024’, What’s The Next Key Sector To Watch? This suggests a potential diminishing in returns from the range low, signaling that Aptos must climb 95%, above the $11 resistance, to break out of the downtrend line. The analysis concluded that price stability at $5.45 is vital for the cryptocurrency’s rally, and a Monthly Close above this level is necessary for a future price rebound and retest of the downtrend. As of this writing, APT trades at $5.74, a 23% decrease in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Amid the recent market shakeouts, Bitcoin (BTC) has shown strength, remaining near the crucial $100,000 barrier during its drops. While the flagship cryptocurrency is momentarily expected to continue its horizontal trajectory, some analysts forecast that BTC’s next leg up might start once it reclaims the recently lost key level. Related Reading: Memecoins Crowned As ‘Defining Narrative Of 2024’, What’s The Next Key Sector To Watch? Bitcoin Volatility Lower Than Q1 2024 The post-election pump saw the crypto market jump to new highs, with Bitcoin leading the climb. Two months ago, the flagship cryptocurrency crossed the $100,000 barrier for the first time, hitting $108,000 in mid-December. However, the market has seen several significant shakeouts since then, which has halted investors’ sentiment. Following its December peak, the flagship crypto recorded a 14% retrace, sending its price to the lower zone of its $90,000-$108,000 post-election range. In early January, BTC recorded a similar pullback after reclaiming the $100,000, falling nearly 13% before rebounding. Mid-month, Bitcoin retraced another 10% after hitting its latest all-time high (ATH) of $109,588 but held the $100,000 mark in the following days. However, the most recent correction saw BTC fall 14% from its Friday high of $106,000 and nearly 10% in 24 hours, triggering the largest single-day of crypto liquidations. Despite these retraces, Bitcoin has bounced from the local lows and continues to move within the mid-zone of its post-election range. Market observer Daan Crypto Trades noted that BTC’s volatility has been “relatively low” in the past few weeks, especially compared to the start of 2024. The cryptocurrency saw more violent swings when Bitcoin passed the $70,000 region in March, retracing up to 20% during these corrections. Since then, Volatility has “slowly dwindled” while Bitcoin’s price has been “creeping higher this cycle.” Bitfinex analysts previously noted the cycle’s “unique” conditions that drove the diminishing trend. According to the report, mainstream recognition, institutional adoption, and increasing confidence in the sector have kept BTC’s corrections smaller than past cycles, likely to continue for the rest of the bull run. Is A Takeoff Coming Soon? As BTC’s price continues to move sideways within its range, the flagship crypto looks “much stronger” than most of the market, “still looking perfectly fine when zooming out.” Daan added that “the demand for BTC is just so much higher compared to the rest of the market, especially during times of uncertainty.” However, crypto analyst Miles Deutscher highlighted that BTC’s search interest “is still sitting way below 2021 levels, despite sitting just under $100k.” This suggests that institutions are fueling the Bitcoin bull run while it is “no longer reliant on retail mania to pump BTC prices.” Related Reading: Solana (SOL) $200 Level Recovery Looks ‘Very Solid’, Is The Bleeding Over? Meanwhile, crypto analyst Jelle stated that Bitcoin is playing out similarly to Q1 2024, listing the “choppy” period, liquidity being taken out, and the Moving Average Convergence Divergence (MACD) retests as “flashing” signals again. This performance preceded the flagship crypto’s breakout to its March 2024 ATH and, if history repeats, could signal a price takeoff soon. Nonetheless, Jelle added that $100,000 remains the level to break and hold before any major price move. Featured Image from Unsplash.com, Chart from TradingView.com

As most of the crypto market remains in red, Solana (SOL) has started to recover from the market’s sharp correction. The cryptocurrency’s price has surged 7.5% in the last 24 hours, recovering from its three-week low and leading some analysts to suggest the bleeding might be over. Related Reading: Ethereum Long-Term Bullish Structure At Risk – $2,700 Support Is Key for a $7K Target Solana Falls To Three-Week Low Over the weekend, Solana recorded a 27% price plunge from Friday’s highs to a three-week low of $175. This performance followed the overall market crash, fueled by the US president’s recently announced tariff on the country’s three biggest trading partners. On February 1, the white house revealed that Donald Trump was implementing new tariffs on imported goods from Canada, Mexico, and China. This measure was met with similar responses from the two neighboring countries, which announced they would implement tariffs on US imports. The fear of a global tariff war sparked a massive sell-off that saw Bitcoin’s price plummet to $91,200 and Ethereum’s price drop to $2,100. Additionally, the market registered at least $2.3 billion in liquidation, although Bybit’s CEO suggested the figure could be up to $10 billion. Solana lost the key $200 support zone and fell below $180 on Sunday night. As the market struggled, some analysts suggested that SOL’s price risked a deeper fall. Analyst Ali Martinez noted that SOL could retrace to $138 if it lost the $191 support from its multi-month ascending channel. Crypto trader Bluntz considers that losing the $220 support was “really bad” for the altcoin, as it resembled 2021’s bearish divergence sign. Additionally, it invalidated the “ABC from the highs” and made it look “more impulsive,” which would require a “miracle” to overcome it. SOL Must Hold These Levels Despite falling below the crucial levels, the cryptocurrency retested the $170-180 support zone and bounced from the $175 mark, attempting to break the $200 resistance in the following hours. Crypto analyst Jelle noted that Solana “retraced the TRUMP memecoin pump,” which saw SOL reclaim the $220 resistance and jump to its latest all-time high (ATH) of $295. However, Jelle considered that SOL’s structure “remained sound” during the drop and that its chart looked “very solid” as the cryptocurrency recovered on Monday morning. It’s worth noting that amid the market bleeding, Solana was among the cryptocurrencies that showed strength. SOL, like BTC, held its key horizontal levels, remaining within its post-US elections price range. Related Reading: BNB Bounce From $500: A Temporary Recovery Or Start Of A Rally? Martinez pointed out that “In the middle of this madness, the TD Sequential indicator presents a buy signal on the Solana daily chart.” Meanwhile, Miles Deutscher highlighted that BTC and SOL’s prices were “now higher than yesterday’s pre-liquidations,” noting the high volatility affecting the market. Moreover, Solana, alongside BTC and XRP, is among the only top 10 cryptocurrencies recording green numbers. Jelle considers that if SOL closes above the monthly and weekly supports between $200 and $210, it will continue its solid performance to retest the $240 resistance and see “another push for $300.” As of this writing, Solana is trading at $211, a 7.5% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As the first month of 2025 comes to an end, Bitcoin (BTC) continues moving within its post-US election price range but nears two historical closing candles. Some analysts weighed in on the market’s state, suggesting that it could be satisfied with good news for the time being. Related Reading: SUI Rally Eyes Double-Digits: VanEck Analyst Forecasts $16 Price By Year-End Bitcoin Near Historical Monthly Candle Despite the recent corrections, Bitcoin has been moving inside the $90,000-$108,000 range since December 2024, consolidating within the mid-zone of its price range for most of this period. Some analysts have pointed out that the flagship crypto has had a decent performance this month, not staying away from the $100,000 mark for long. Moreover, its recent recovery of the $104,000-$105,000 range is setting the stage for a historical monthly and weekly candle. As noted by analyst Rekt Capital, Bitcoin is hours away from closing the month above the $100,000 barrier for the first time and “printing a new Monthly Candle to confirm a breakout from its Monthly Bull Flag.” Additionally, Bitcoin could see a “historic Weekly Close” if it ends the week above $104,416. According to the analyst, similar closes above major weekly resistances at this point of the cycle have historically preceded a “continued upside to new all-time highs.” Nonetheless, Rekt Capital has also pointed out that BTC is most likely preparing for the second leg of its Post-halving Parabolic Phase, which suggests that a new Price Discovery rally could start mid-February. The second leg has historically started around the 16th week of the Parabolic Phase, the analyst explained, while BTC is currently in the 14th week, recovering from the First Price Discovery Correction. Based on this timeline, the flagship crypto is expected to continue gearing up for the rally for another week and a half, and investors are advised to “patiently HODL” BTC. Is The Crypto Market’s Confidence Shaken? Another market watcher noted that Bitcoin has been “stuck in rage for a while now,” adding that he expected to see some bullish momentum after the FOMC news. The trader considers that the lack of significant price movement suggests BTC’s price will “be sideways for the coming few days.” Recently, Aurelie Barthere, Principal Research Analyst at Nansen, weighed in on the market’s current state. Barthere suggested that the market appears to be “satiated for now,” as most of the recent bullish news has been seemingly overlooked. The report highlighted the latest regulatory changes, including the overturn of SAB 121 and the executive order for a US Crypto Stockpile, have been “extremely bullish” and will likely facilitate a wider crypto adoption. Additionally, the Elon Musk-led Department of Government Efficiency (DOGE) is reportedly considering public blockchain to track and manage public expenses. However, the news has been ignored and followed by “underwhelming price action by BTC and the rest of the crypto market.” This suggests that the market is momentarily satiated and “more reactive to negative sentiment than positive news.” Barthere pointed out how the DeepSeek-triggered pullback from Monday bled into the crypto market. Related Reading: Dogwifhat (WIF) Surges 16% Amid Las Vegas Sphere Project Expectation, Breakout Coming? Based on the price and volume action right after the shakeout, the analyst noticed “that ‘buyers’ confidence has been somewhat shaken,” resulting in an initially timid recovery. Nonetheless, unlike other higher-beta tokens, Bitcoin had a shallow and brief intra-day sell-off on Monday, which “shows an interesting level of ‘dispersion’ between tokens, with BTC still the darling token of this new, policy-driven, market environment.” Featured Image from Unsplash.com, Chart from TradingView.com