THE LATEST CRYPTO NEWS

SUI, one of the leading altcoins of this cycle, has recorded an impressive price recovery over the past two months. However, as the cryptocurrency fails to hold some key levels, some analysts warn of a potential drop below the $3.00 support. Related Reading: Ethereum Eyes 15% Move Amid Key Resistance Retest – Breakout Or Rejection Next? SUI Rally Risks Massive Price Drop Since hitting its four-month high of $4.29, SUI’s price has been moving sideways, hovering between $3.40-$4.00 throughout most of May. Amid last week’s market retrace, the altcoin recorded a 14.2% price drop, losing its range and hitting the $3.00 support over the weekend. At the start of this week, SUI saw a mild recovery alongside the rest of the market, surging to the $3.20 area. Nonetheless, the cryptocurrency has failed to hold this level over the past 24 hours and dropped to the $3.10-$3.15 area on Thursday morning. Crypto analyst Carl Runefelt warned that the cryptocurrency’s rally could be in danger as it risks breaking down of a descending triangle pattern. Per the post, the altcoin has been trading within this formation for the past month, also displaying a potential Head & Shoulders setup forming inside of the triangle, and the pattern’s baseline sitting around the $3.10 support. To the analyst, “if it breaks out of this triangle to the downside, then the fall can be very hard,” forecasting a nearly 35% retrace toward the $2.00 mark. On the contrary, a breakout to the upside could propel SUI’s price toward the $4.20 resistance. Analyst Crypto Bullet recently highlighted a “humongous” rising wedge pattern in the cryptocurrency’s chart, which eyes the $8-$10 area as the next major target. According to the chart, SUI has been moving within this pattern since early 2024, hovering between the upper and lower boundaries for over a year. Notably, the cryptocurrency hit the support trendline one more time during the April low, bouncing from this level. Based on this, the analyst considers that the current dip could be “the last opportunity to add to your bags before SUI makes a new ATH.” Can It Repeat Its Late 2024 Playbook? Analyst Rekt Capital noted that SUI was positioned for a bullish Monthly Candle Close in May, aiming to replicate its late 2024 performance. Last year, the cryptocurrency retested the $3.39 level and turned it into support, which acted as a springboard toward its January 2025 all-time high (ATH) of $5.35. This time, May closed below this crucial level, failing to confirm it as support and losing the recent price range. SUI is now “showcasing very early signs of upside wicking into said level to turn it into new resistance.” The analyst warned that June could see the cryptocurrency reject from this level “if things don’t change over the course of this month.” SUI is currently located inside the $2.33-$3.39 price range and is trying to position itself for a reclaim of the Range High to facilitate a breakout. However, it has unsuccessfully attempted to surge to that level, which could send the price toward lower levels if it “continues to float here without covering additional ground.” Related Reading: Bitcoin To Face ‘One Last Speed Bump’ Before Rally To $140,000 – Analyst Therefore, SUI risks dropping 10% toward the $2.81 mid-range area, which acted as support and weak resistance earlier this year, and falling 30% to the $2.33 range low if the previous level doesn’t hold. “If SUI fails to show signs of reclaiming $3.39 as support (at least on the Daily timeframe via Daily Closes above $3.39), then sub-$3 regions could be on the cards,” the analyst concluded. As of this writing, SUI trades at $3.08, a 2.3% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum (ETH) is retesting a crucial resistance level amid its daily 3% recovery. The cryptocurrency has been rejected from this area since last month’s market recovery, failing to continue its bullish rally. As its price continues its sideways trajectory, an analyst suggests that a 15% move is coming. Related Reading: Bitcoin To Face ‘One Last Speed Bump’ Before Rally To $140,000 – Analyst Ethereum Price Compressing Within Key Levels Since its early May breakout, Ethereum has been trading between the $2,475-$2,680 price range, failing to turn the range’s upper boundary as support for nearly a month. Amid last week’s market pullback, the cryptocurrency retraced around 11% from its three-month high of $2,788 to the range’s lower boundary, bouncing from this area on Monday. At the start of the week, ETH reclaimed the $2,500 mark and continued its recovery rally toward the $2,600 resistance. On Wednesday, the King of Altcoins saw a 3.2% daily surge toward the local range high resistance before retracing to the $2,635 level. Carl Runefelt from The Moon Show highlighted the cryptocurrency’s recent performance, affirming that Ethereum is “showing confidence” by staying inside a key formation in the daily timeframe. According to the chart, Ethereum has been forming an ascending triangle since the May rally, with the upper line around the $2,680-$2,700 mark. Moreover, ETH’s price has been compressing between the support and resistance lines, suggesting a potential 15% move if the price breaks out of the pattern. Runefelt forecasted a surge toward the $3,100 level if the Altcoin reclaims the crucial resistance level. However, if the price is rejected once again from this level, the analyst considers that Ethereum could drop to the $2,300 support zone. Crypto Bullet pointed out a similar pattern on multiple ETH charts, suggesting that a 15%-20% breakout is imminent for the cryptocurrency. Per the post, the ETH Dominance is “about to break out” from an ascending triangle pattern in the 12H chart, while the ETH/BTC and ETH/USD trading pairs are nearing the upper boundary of a one-month symmetrical pattern. ETH Preparing For Liftoff? Analyst Crypto Jelle asserted that once ETH reclaims the major resistance area, between $2,680-$2,850, “everything flies higher.” Notably, a reclaim of this zone would send the cryptocurrency above its multi-year ascending support trendline, which was along amid the Q1 2025 retraces, and set the stage for a surge toward the cycle highs. Meanwhile, Ted Pillows noted that ETH’s performance this cycle resembles Bitcoin’s (BTC) price action in 2020. According to the analyst, Ethereum has formed four consecutive 2-week candles since the April 7 bottom, which mimics BTC’s movement after the March 2020 crash. “The similarities between BTC 2020 and ETH 2025 are just mind-blowing,” he stated, suggesting that Ethereum could reach a new all-time high (ATH) in the coming months if it continues to follow BTC’s 2020-2021 trajectory. Related Reading: Monero (XMR) Jumps 11.5% Amid Crucial Support Retest – Analyst Eyes $420 Resistance Market watcher Merlijn The Trader highlighted the same similarities between the flagship cryptocurrency and Ethereum, adding that the King of Altcoins also “just nailed the Spring & Test phase of Wyckoff.” According to the trader, ETH’s structure “screams one thing: Jump. Across. The. Creek. The breakout is coming.” As of this writing, Ethereum trades at $2,632, a 44.2% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin (BTC) is attempting to reclaim a crucial level as support, which could propel its price to its local range high. A market watcher suggests that this week’s performance could set the tone for the rest of the month. Related Reading: Monero (XMR) Jumps 11.5% Amid Crucial Support Retest – Analyst Eyes $420 Resistance Bitcoin Retest Eyes Massive Rally After losing the $106,800 level last week, Bitcoin has been trying to reclaim this crucial area as support. This recently lost level served as a key support for BTC following its rally to a new all-time high (ATH), with its price hovering between $106,800 and $109,700 before the market retracement. However, the flagship crypto dropped over 8% from its $111,980 high amid last week’s pullback, hitting a 10-day low near the $102,000 support over the weekend. This week, BTC has recovered the $105,000 range and surged above the $106,500 mark before being rejected from the crucial horizontal level on Tuesday morning. Despite the recent performance, Bitcoin recorded its highest monthly close in history, after ending May at $104,591, and remains within its local range between $103,000 and $110,000. Analyst Crypto Jelle noted that as the cryptocurrency tries to reclaim the $105,000-$106,000 area, the 1.618 Fibonacci level suggests the next target sits around the $130,000 barrier. Moreover, he highlighted Bitcoin’s performance this cycle, pointing out that it is displaying a similar performance to its Q4 2024 rally. Notably, the cryptocurrency recorded a trend breakout, followed by a “post-breakout chop” before surging to new highs. Jelle suggested that Bitcoin is in the second stage, after recently breaking out of its early 2025 downtrend line. He also affirmed that Bitcoin’s Power of 3 (Po3) setup is “still in play” despite the rally pause, targeting the $140,000-$150,000 level during the formation’s price expansion phase. Based on this formation, the cryptocurrency only has “one last speed bump,” reclaiming the previous ATH levels, before surging to a new high. BTC’s Direction To Be Determined Soon? Market watcher Daan Crypto Trades affirmed that the cryptocurrency will likely have an “interesting” week and month ahead, as its sideways move has allowed for “a ton of positions that have built up on both sides.” According to the trader, this suggests there will be “a lot of fuel when price starts trending and breaks out of this local consolidation.” Previously, he asserted that BTC tends to set the monthly high or low during the first week of the month, followed by a reversal in the other direction and a trend continuation until the new month. Related Reading: Bitcoin Maxi Max Keiser Isn’t Buying The Hype Around New Crypto Holding Companies Based on this, he considers that if Bitcoin doesn’t hold the current levels in the coming days, it could drop below the $100,000 mark, near the $98,000 support zone, before bouncing. On the contrary, a significant price jump this week could indicate a price retest of the range lows during the rest of the month. As of this writing, Bitcoin trades at $105,889, a 1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Privacy and security-focused token Monero (XMR) has seen an 11.5% surge in the daily timeframe, reclaiming the $360 support for the first time in a week. Some analysts suggest that holding its current range could send the cryptocurrency to a another retest of its historical $420 resistance. Related Reading: Bitcoin Rise To $111,000 ATH Doesn’t Mean The Market Is Bullish, Certified Expert Says Monero Bounces From Range Lows Amid the crypto market pullback, Monero led the top 100 tokens by market capitalization list with a double-digit jump in the past 24 hours. The cryptocurrency surged 11.5% on Monday morning, breaking out of its seven-day downtrend. Notably, XMR has seen a 66% price increase over the past month and a half, jumping from the $220 support zone to its current levels. The token registered a significant 55% daily increase at the end of April, touching the $340 mark before retracing. The surge was reportedly fueled by a “suspicious transfer” of 3,520 BTC, worth around $330.7 million, from a potential victim of social engineering. According to crypto sleuth ZachXBT, the stolen funds were swapped for XMR, leading cryptocurrency to retest a key horizontal level. Despite this, the privacy token continued its rally during the May market recovery, which propelled XMR to a four-year high a week ago, nearing the crucial $420 resistance for the first time since 2021. Now, the market’s recent performance has sent Monero alongside the rest of the leading cryptocurrencies to retest key levels. The token retraced 21% in the past week, briefly losing its three-week price range on Saturday. However, XMR has bounced from this level over the past two days after reclaiming the $325 mark and nearing the $370 resistance. XMR Rally Hangs On This Level Analyst Sjuul from AltCryptoGems affirmed that “Monero has an impressive chart and is likely one of the few ‘dino’ coins not far from breaking its all-time high.” He highlighted that XMR is retesting the recently flipped support and resistance zone, which is key for a rally continuation. Losing the $310-$345 area could send the cryptocurrency toward the gap between this level and the next major support around the $220 mark. Similarly, analyst Rekt Capital previously noted Monero repeated its early 2021 playbook after breaking out of its multi-year accumulation range in Q4 2024, surging above the $286 resistance and hitting last cycle’s high levels. He recently pointed out that XMR has historically ended its bull market around the key $422 resistance, with “this sort of price action for XMR occurs once every four years,” and price rallies into the major resistance “often briefly upside wicking beyond there.” Related Reading: $3 XRP Dream Delayed—No Bull Run Before November, Says Top Analyst Amid its recent rejection from the $419 cycle high, the analyst considers that Monero must hold its current range, “if price wants to go against the grain of history and break the $422 resistance over time.” If it fails to hold above the $300 mark, Rekt Capital affirmed that the $286 support is the next crucial level, but added that historically, XMR’s retest post-rejection usually fails. As of this writing, Monero trades at $366, a 32.2% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As the month nears its end, the crypto market turns momentarily red, with Solana (SOL) retesting a crucial support level that could determine its short-term performance. An analyst suggests that holding the current range over the weekend will be key for the long-awaited rally back to $200. Related Reading: Bitcoin $106,800 Support Retest To Determine Next Move – Breakout Or Breakdown Ahead? Solana Hits Multi-Week Low Amid the crypto market pullback, most cryptocurrencies are recording a red Friday, with Bitcoin (BTC) and Ethereum (ETH) momentarily losing some key levels. Solana, one of the cycle’s leading Altcoins, followed the rest of the market and registered a 6% retracement in the daily timeframe. SOL has seen a significant recovery from its multi-month downtrend, which led the token to hit a 14-month low of $95 during the early April retraces. Over the past month and a half, the cryptocurrency has reclaimed multiple crucial levels, setting the stage for a potential rally. However, the cryptocurrency has struggled to reclaim the key $180 resistance despite hitting a three-month high of $187 a week ago. A reclaim of this key barrier could push SOL’s price toward the $200 mark, enabling a rally to new highs. Today’s price action has sent Solana to a 22-day low of $156 after losing its $164-$180 price range and the $160 support zone for the first time since the May 8 breakout. Trader and analyst Crypto Bullet shared a bearish outlook for Solana, suggesting that the token will underperform for the rest of the year. He highlighted SOL’s trading pair against ETH, noting that the cryptocurrency has been in a rising wedge in the weekly chart since the Q4 2024 rally. According to the SOL/ETH chart posted by the trader, the cryptocurrency has broken down out of the formation after losing the 0.069 mark. To Crypto Bullet, this signals that “ETH will soon pump way harder than SOL.” All Eyes On SOL’s Weekly Close Analyst Rekt Capital pointed out that Solana is attempting to continue Weekly Closing within its Range High resistance, which is key for its long-term rally. He previously explained that the cryptocurrency re-entered its Post-Halving Re-Accumulation Range after successfully reclaiming the $120 barrier last month and consolidating within the $160-$175 range high. To the analyst, SOL’s price “needs to continue demonstrating price stability” around this zone, as that is what is “required for SOL to break out from this range into the $200+ levels.” He affirmed that Solana needs to aim for a retest similar to late 2024, when the cryptocurrency built a base around the Range High ahead of the breakout with multiple weekly closes near the resistance zone, which led to a massive breakout to the $200 mark. Related Reading: Ethereum Repeating Early 2024’s Playbook – $3,800 Target In Sight? Rekt Capital highlighted that SOL has been successfully retesting this area as support over the past few weeks. However, he warned that cryptocurrency mustn’t close below the current price zone as it would “tease a possible loss of this region as support.” A drop below this range could lead to a retrace into the Range Low, between the $120-$135 mark. “Price stability at the Orange Range High going forward is thus key here,” he concluded. As of this writing, Solana trades at $159, an 11.6% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

This week, Ethereum (ETH) has reclaimed the $2,600 level as support for the first time since February, and it’s pushing to retest the next key resistance after a breakout from a short-term pattern. Some analysts suggest that ETH’s rally could target its Macro Range high area in the coming weeks. Ethereum Resembles 2024 Setup After struggling to break past the $2,600 mark, Ethereum has reclaimed this level as support. Over the past two days, the second-largest cryptocurrency by market capitalization has held this key level while attempting to break above the $2,700 mark. Since recovering from its sub-$2,000 dip earlier this month, ETH hovered between $2,400 and $2,600, failing to reclaim the range’s upper zone despite its $2,738 multi-month high on May 10. Nonetheless, this week’s rally has seen the cryptocurrency rise above its local range and attempt to gain more strength to stop its sideways trajectory and continue its 50% recovery rally. Analyst Titan of Crypto noted that ETH just broke out of a two-week bullish flag, leading to today’s surge to the $2,788 level. He suggested that if the breakout is confirmed, the pattern’s target sits around the $3,800 level. Crypto Jelle pointed out that Ethereum is “still moving as planned, pushing deeper into the resistance area” around the $2,850 mark. Several analysts have named this level as the resistance before the $3,000 mark, and the wall “standing in the way of altseason.” Rekt Capital highlighted that Ethereum has been successfully retesting a crucial horizontal level since re-entering its $2,220-$3,900 Macro Range. Notably, Ethereum has been closing above the $2,468 mark for the past four weeks, setting up the stage for a “lift across the range.” With this successful retest, the King of Altcoins is “repeating early 2024 history.” Notably, ETH recorded a 50% four-week breakout after smashing the $2,486 resistance and retesting it as support. However, “the only difference is that it has just taken longer this time,” the analyst added. ETH Gains Momentum Meanwhile, analyst Ted Pillows considers that ETH is showing strength as its trading pair against Bitcoin (BTC) gains momentum and BTC dominance motion seemingly fades. The analyst also noted the ETH’s Weekly MACD bullish cross and reclaim of its multi-year support trendline. Based on this, he forecasted that Ethereum could soon soar to the $4,000 resistance. It’s worth noting that Ethereum is outperforming the flagship cryptocurrency this quarter for the first time since 2022, registering a 45% increase since April 1. Additionally, ETH continues to hold above its key level despite BTC’s dip below the $106,800 support. Related Reading: Bitcoin $106,800 Support Retest To Determine Next Move – Breakout Or Breakdown Ahead? Merlijn The Trader highlighted ETH’s price action after its golden cross, which appears to resemble its performance from the last time the setup occurred. According to the post, during the November 2024 setup, Ethereum saw a small dip before a “massive pump” on the eleventh day. “This time? Pump already started. We’re right on schedule,” the trader affirmed. As of this writing, Ethereum is trading at $2,642, a 44.7% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Following a notable performance over the past 24 hours, Ethereum (ETH) is attempting to reclaim a key level as support. Some analysts suggest a breakout toward the $3,000 mark could be coming if the $2,600 mark holds. Related Reading: Bitcoin (BTC) To Continue Price Discovery Rally If It Holds These Levels – Analyst Ethereum Prepares For Massive Breakout On Tuesday, Ethereum surged to the $2,700 resistance after a 6.3% price jump in the daily timeframe. The cryptocurrency climbed from the $2,500 support zone toward the recent resistance level, hitting the $2,712 mark before retracing. ETH has been unable to cross this zone after recording its three-month high of $2,738 two weeks ago, halting its retest of higher horizontal levels. Notably, the King of Altcoins has surged over 50% in the past month and around 98% from April’s lows. Amid the May crypto market rally, which saw Bitcoin hit a new All-Time High (ATH) of $111,953 last week, Ethereum has traded sideways for most of the month, hovering between the $2,450-$2,600 price range. Nonetheless, ETH has outperformed Bitcoin so far during the second quarter, registering a 47.78% increase since April started. Analyst The Cryptonomist pointed out that Ethereum has broken above the $2,600 level, signaling that a reclaim of this level could conclude ETH’s sideways action between its current price range and propel its price toward the $3,400 mark. Similarly, Crypto Bullet affirmed that ETH is “about to break out and fill the big CME Gap.” According to the chart, the Altcoin appears to be forming a symmetrical triangle over the past few weeks, and is currently attempting to break out from the formation. A successful breakout and retest of the $2,700 level could send ETH’s price to the CME GAP levels, between $2,900 and $3,350, which other analysts also believe will be filled soon. ETH Dominance To Surge In June? Meanwhile, analyst Rekt Capital noted that Ethereum Dominance is “showcasing initial signs of trying to hold the ~9% level as support,” suggesting a potential bullish performance in June. As the analyst explained, ETH dominance has bounced since dropping to new All-Time Lows (ATL) last month, playing out “the full extent of its September 2019 upside.” Keeping this level as support could propel the cryptocurrency to a more market-dominant performance next month, resembling its 2019 playbook. Related Reading: Indecisive Close For Litecoin, But The Real Story Lies In BTC.D’s Next Move Market watcher Merlijn The Trader affirmed that Ethereum’s chart “is screaming bullish,” showing a multi-year base and “clean” bullish pennant pattern. To the trader, this setup could launch the cryptocurrency to a long-term target of $8,000 after breaking above the $3,000 mark. Additionally, ETH is preparing for the cycle’s “final pump,” according to Merlijn, based on its previous performances. He pointed out that Ethereum “goes vertical” after breaking its previous high every cycle. As of this writing, Ethereum trades at $2,686, an 8.8% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As Bitcoin (BTC) attempts to turn the $110,000 resistance into support, some analysts believe its price discovery rally has just started, forecasting new highs for the flagship crypto. Related Reading: Avalanche Slides Off The Edge – What Comes After The 4H Trendline Snap? Bitcoin Starts Second Price Discovery Uptrend Last week, Bitcoin’s momentum propelled its price to its new all-time high (ATH) of $111,814 before retracing to its current range. Over the weekend, Bitcoin confirmed its breakout into its second Price Discovery Uptrend, following its successful retest of the $104,500 mark as support. The cryptocurrency has been in a significant market recovery for over a month, rallying nearly 50% from April lows. Analyst Rekt Capital noted that BTC ended its downside deviation period and positioned itself for a retest of its key re-accumulation range during early May’s surge, which was successfully reclaimed and surpassed. The analyst considers that its new Price Discovery Uptrend has “only just begun,” as Bitcoin starts Week 2 of this phase. Rekt Capital highlighted that this cycle has been “a story of Re-Accumulation Ranges,” which signals that a new range will likely form after this Price Discovery. Meanwhile, history suggests a second Price Discovery Correction is ahead as Bitcoin transitions into its new Price Discovery Uptrend. During its future correction, BTC will likely retrace between 25%-35% “to produce yet another Downside Deviation below the Re-Accumulation Range Low (future orange circle) before resuming upside into a likely Price Discovery Uptrend 3.” In the meantime, “All Bitcoin needs to do is hold above the Re-accumulation Range High of $104,500” to continue its price discovery rally. $110,000 Breakout Next? Notably, the flagship crypto has been retesting the range high as support over the past two weeks, confirming the breakout. As such, dipping into the previous $92,000-$104,500 range’s upper zone could happen as “part of normal volatility.” Moreover, it turned another key resistance, the $102,500 mark, into support during this period, which it had previously been rejected from in January 2025. With these levels as support, Rekt Capital considers that only the December 2024 and January 2025 upwicks, at $108,353 and $109,588, stand in the way of additional Price Discovery. Trader Daan Crypto Trades noted that Bitcoin is “still strong but fighting around its previous all-time high from earlier this year.” He pointed out that price action looks “very choppy” in the lower timeframes, but it shouldn’t be concerning for investors if the price remains within its current range. Related Reading: XRP ETF At 83% Approval Odds—Is The SEC Losing Grip? Analyst MacroCRG affirmed that Bitcoin must officially reclaim the $110,000 level to continue its rally, as it marks the previous ATH and the Value Area High (VAH) from last week. “Acceptance above and we likely squeeze straight into price discovery again,” CRG stated. Currently, Bitcoin is retesting its Weekly opening of $109,004 as support, which could set the stage for a breakout above the $110,000 mark if held. Meanwhile, rejection from this area could send BTC price to the $106,000-$108,000 area. As of this writing, Bitcoin trades at $109,181, a 1.4% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As Litecoin (LTC) tries to break out of a bullish pattern, an analyst suggests that a monthly close above its key horizontal zone could propel the price to levels not seen since the 2021 bull run. Related Reading: Bitcoin Ready For Second ‘Price Discovery Uptrend’ Following $109,000 Breakout – What’s Ahead For BTC? Litecoin Attempting Key Breakout Litecoin has seen a remarkable 63% rally from April’s lows over the past month and a half, surging above crucial levels in the past few weeks. Just this month, the cryptocurrency has recovered the $80 and $90 support levels and attempted to reclaim the $100 barrier again. Fueled by the market recovery and Bitcoin’s rally past the $100,000 mark, LTC hit a two-month high of $107 nearly two weeks ago. Since then, the altcoin has struggled to hold the $100 mark. However, analyst Carl Runefelt from The Moon Show recently suggested that Litecoin “is about to pump.” The analyst highlighted a bullish pattern on LTC’s chart, which could see the cryptocurrency rise 20% toward the $117.5 mark for the first time since early March. According to Runefelt’s chart, the cryptocurrency formed a bullish flag pattern after hitting its two-month high. Since then, LTC has hovered between the upper and lower boundary, bouncing once before from the support line toward the pattern’s resistance line. Earlier this week, Litecoin bounced again from the support after touching the $92 level, which led the analyst to suggest it has “every chance to break out of this bullish flag to the upside.” On Friday, the altcoin jumped 11% from the pattern lows, briefly breaking out and hitting the $102 mark before retracing to the $96 mark. The cryptocurrency now hovers between the $98-$99 levels, just 1% below the pattern’s upper boundary. A surge above this level to confirm the breakout could set the stage for the pattern’s $117.5 target and mark a significant push toward a key horizontal level. LTC Preparing For Rally To $150? Analyst Rekt Capital pointed out that Litecoin needs a Monthly Close above its key resistance level to target the $150 mark and above. He highlighted the $110-$125 horizontal level, explaining that LTC “spends most of its time below it and very little time comparatively beyond it.” The analyst noted that since 2019, the rejection from this resistance level has been getting “progressively weaker over time to the point where only a couple of months ago, LTC tried to retest this region as support” during the early 2025 rally. Despite failing to reclaim this level, this could suggest that the resistance is “struggling to hold price down,” which is why the next breakout above this area could signal that “the chances of a successful retest are high.” Related Reading: SUI Preparing For Another Leg Up – Is $5 The Next Target? Moreover, the weakening of the resistance could be partly attributed to its multi-year Marco Higher Low, as Litecoin has bounced from the ascending trendline toward this resistance each time it has been retested. Based on this, the analyst considers that a Monthly Close above the key horizontal level, followed by a retest to confirm the breakout, would give the necessary strength for a 30% rally above the $150 mark for the first time since 2021. As of this writing, Litecoin trades at $98.60, a 2.7% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin (BTC) has hit a new all-time high (ATH) after a 4% daily breakout above the $109,000 mark. As the flagship crypto nears the next barrier, some analysts suggest that this cycle’s top isn’t in yet. Related Reading: SUI Preparing For Another Leg Up – Is $5 The Next Target? Bitcoin Hits New All-Time High On Wednesday, Bitcoin hit a new ATH of $109,800 after breaking out of the $107,000 short-term resistance, eyeing the $110,000 barrier as its next target. The cryptocurrency has significantly recovered over the last seven weeks, surging around 47% from its five-month low of $74,000 toward its current levels. Amid its May rally, BTC couldn’t break the crucial $106,000 resistance, trading between the $102,000-$105,000 range for nearly two weeks. However, its consolidation ended over the weekend as Bitcoin Weekly Closed above this barrier for the first time in history. Since reclaiming this crucial level on Monday, Analyst Ali Martinez pointed out that the flagship crypto appeared to be forming an ascending triangle pattern in the lower timeframes, which suggested a rally toward the $115,000 level once the price broke above the $107,000 mark.   In the early hours of Wednesday, BTC’s bullish breakout saw it retest the $108,000 barrier, facing rejection toward the $106,000 support before bouncing and smashing this barrier and rallying toward its new ATH. Rekt Capital affirmed that the Second Price Discovery Uptrend is ahead for the cryptocurrency, as its First Price Discovery Correction is finally over. The analyst previously highlighted that Bitcoin would rally to a new ATH after Weekly Closing above its re-accumulation range and post-breakout retest. BTC Preparing For Another 20%-30% Jump? Analyst crypto Jelle suggested that BTC’s news target is around the $140,000 mark, pointing to a Power of Three (PO3) setup on Bitcoin’s chart. The pattern divides the price action into three phases: accumulation, manipulation, and distribution. In the first phase, a consolidation near the recent high occurs after a strong price performance. This is followed by a token’s price falling below the accumulation phase’s support level in the second phase, trading within a range below the recently lost zone. Lastly, the distribution phase consists of a strong price breakout, with momentum building and participants entering the market. Based on this setup, the flagship crypto started the accumulation phase during the Q4 2024 rally, entering the next phase during the March-April retraces. Amid its late April-May rally, Bitcoin has arrived at the setup’s final phase, with the analyst forecasting $140,000 as the next target after breaking above the $108,500 mark. Related Reading: Solana Rejected From Key ‘Inflection Point’, But Multi-Year Trend Suggests New Highs Similarly, Sjuul from AltCryptoGems highlighted the same Po3 pattern on BTC’s chart, affirming that investors could expect a “strong expansion” toward the $125,000-$130,000 levels after breaking out of its previous ATH levels. He previously pointed out that “BTC is clearly repeating the summer 2021 price action and trading in a perfectly bullish structure on high time frame,” which could suggest that the cycle’s top isn’t in yet. As of this writing, Bitcoin trades 1.8% below its new ATH, at $107,502. Featured Image from Unsplash.com, Chart from TradingView.com

After its breakout, SUI has been consolidating within a key range and has faced momentary resistance above the $4.00 level. Some analysts suggest that the cryptocurrency’s next target sits near the $5.00 mark, as it could be repeating its all-time high (ATH) rally. Related Reading: Solana Rejected From Key ‘Inflection Point’, But Multi-Year Trend Suggests New Highs SUI Party On Pause SUI has seen an impressive 120% recovery from April’s $1.76 low, reclaiming the $2.00 and $3.00 barriers in the past few weeks. The cryptocurrency has surged 85% in the last month despite its recent token unlock, rallying to a fourth-month high of $4.29 last Monday. However, SUI has retraced 10% from last week’s high, hovering between the $3.60-$4.10 price range. Trader Froggy pointed out that the cryptocurrency is approaching the significant $4.00 resistance, which it has been unable to hold for seven days. Breaking above this level “will set the stage for a strong move up,” he explained, adding, “This could be the trigger that breaks the range and opens up the next leg higher.” Meanwhile, Rekt Capital recently highlighted that SUI has built a re-accumulation range, between $3.39 and $3.78, like it did in late 2024. At the time, the cryptocurrency consolidated around this range’s upper boundary for weeks before Weekly Closing above this level and retesting it as support to confirm a breakout towards a new ATH. This time, SUI closed above the $3.78 mark two weeks ago and confirmed it as support last Sunday after closing the week at $3.94, which could suggest that a breakout to a new high is coming. SUI’s Rally To $5.00 Loading? Sjuul from AltCryptoGems considers that SUI’s consolidation is loading the cryptocurrency’s next leg up, resembling its previous performance. According to the analyst, the altcoin is consolidating within a short-term bull flag and preparing for a breakout, like it did twice in the past month. Similarly, AltCryptoTalk affirmed that SUI is “overall bullish” according to its recent all-time high (ATH) performance and advised investors not to let the recent pullback “fool” them, if it holds the $3.30 support. The analyst noted that the cryptocurrency’s latest ATH breakout saw a four-stage rally, with an initial big impulse and correction, and three smaller impulses followed by corrections. Based on this, SUI is likely preparing for the second smaller impulse, as it registered a bigger breakout in late April and a smaller rally in early May. However, he warned that the smaller impulse after a bigger one is “usually a sign of weakness.” Related Reading: Bitcoin Price Nears Record Highs: Are We Headed For A $120,000 Breakout For its next jump, the altcoin must break through the range’s upper boundary, around the $4.00 mark, before continuing its rally. If history repeats, SUI could reach the $5.00 mark in the coming weeks, “I’m waiting for this high or a new high to be formed and then to expect another bigger bullish wave,” the analyst concluded. As of this writing, SUI trades at $3.84, a 2.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana (SOL) has reclaimed crucial levels amid its price rally, recording its highest range in months. However, as the market’s recovery takes a pause, the cryptocurrency has hit a key level that could propel or delay its surge to new highs. Related Reading: Chainlink Struggles At Key Resistance Level – $10 Support Back In Focus Solana Rally Faces Key Barrier Solana’s price has significantly surged over the past several weeks, recovering from April’s pullback and breaking out of its downtrend. After its January all-time high (ATH), SOL retraced up to 63%, hitting a 14-month low of $95 last month. However, Solana climbed above some crucial ranges during the late April market recovery, reclaiming the $140 resistance as support for the first time in two months. Since then, the cryptocurrency rallied nearly 30% to the $180 mark, recording a three-month high of $183 last week before retracing to the $170 support. Crypto Trader Mercury noted that Solana reached a “very HTF infection point,” which could send the cryptocurrency’s price to new ATHs again if reclaimed. However, the market slowdown has stalled SOL’s rally, with its price falling to the $165-$170 range over the weekend. After its recent performance, the trader added that SOL was rejected from the key inflection point “just enough to allow for a retest of the same trend that got us here in the first place.” Based on this, he considers that reclaiming the $180 mark and eventual breakout to news ATHs is on the horizon, “as long as that 4H 200MAs trend holds.” Meanwhile, analyst Cas Abbé pointed out that Solana’s multi-year trend remains intact despite the recent pullbacks. As he explained, the cryptocurrency is over 50% up from its multi-year ascending trendline retest, seemingly marking the bottom for Solana. The analyst considers that SOL January ATH could not be the top, and another record-breaking rally could come this year. Similarly, trader Coinvo highlighted the ascending trendline, “If SOL continues to hold this trendline, it’s going much higher!” SOL eyes $200 Breakout Over the weekend, analyst Rekt Capital asserted that Solana has broken into its Post-Halving Re-Accumulation Range on the monthly timeframe, successfully retesting the $120-$135 range as support over the past couple of months. This key higher timeframe retest propelled the cryptocurrency to revisit the $165-$175 range’s high. However, he explained that Solana must break above the upper boundary to confirm a breakout and continue ascending, which it failed to do during last week’s close. SOL also must break and retest the upper boundary as a new support with a Weekly Close above this mark to exit the key range. Additionally, the analyst pointed out that previous performance suggests a price breakout could happen. Related Reading: Dogecoin On The Edge: Major Breakout Or Breakdown Imminent? According to its Q4 2024 price action, if Solana builds a base around the Range high’s resistance, there’s a high chance for the price to rally. The analyst added that a successful breakout from this zone could send SOL’s price to the $200-$210 mark. “SOL simply needs stability here at the Range High resistance, as that would telegraph that this is an area that is becoming support,” Rekt capital concluded. As of this writing, Solana trades at $165, a 3.1% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Amid its breakout, Solana memecoin Dogwifhat (WIF) eyes a reclaim of $1.50 and a continuation of its bullish rally. Some analysts suggest that new highs are bound to come if the token holds above a crucial level. Related Reading: Bitcoin Next Leg Up Loading? Analyst Says BTC Could Trade Sideways For Two Weeks Dogwifhat Reclaims $1.00 Over the past month, dogwifhat has seen a massive 190% surge, climbing back to the $1.00 barrier. The memecoin has been in a downtrend since hitting its Q4 2024 high of $4.19 in November, retracing over 92% in five months. After the TRUMP memecoin and LIBRA token controversial launches, the sector faced market exhaustion, with most memecoins struggling during the Q1 2025 retraces. As a result, WIF lost the $1.00 mark for the first time in a year. Amid last month’s pullbacks, dogwifhat hit a 14-month low of $0.32 before the crypto market recovery started, but jumped to the $0.60 support at the end of April. Since then, WIF has soared over 70%, reclaiming the key $1.00 resistance on Monday. This week, the memecoin has hovered between the $1.00-$1.20 price range after hitting a three-month high of $1.32 four days ago. Additionally, it retested the recently reclaimed level as support after bouncing from the $0.95 level on Thursday. Market watcher Rose Premium shared a technical outlook for the cryptocurrency, noting a bullish structure after its recent performance. The trader explained that dogwifhat shows “a classic bullish structure after rebounding from the Fibo Zone,” between the $0.95-$0.98 range. Based on this, WIF’s trend continuation is likely if the memecoin holds the $1.00 level as support. This could propel the token toward an initial target of $1.15, before reclaiming the $1.26 level and finally reclaiming the $1.37 mark. WIF Breakout Eyes $1.50 Trader Coinvo suggested that WIF’s “classic break and re-test pattern” is “guaranteed” to send the memecoin’s price in a parabolic rally. Similarly, analyst Carl Runefelt from The Moon Show affirmed that dogwifhat is “potentially ready to continue its rally to new highs.” Per the chart, WIF has been in a symmetrical triangle pattern over the past week, with price breaking out of the upper boundary after surging above the $1.05 level. According to the formation, the cryptocurrency targets $1.50 if the breakout is confirmed. This level has been a crucial horizontal level, serving as a key bounce area during the 2024 retraces, and could propel dogwifhat to higher targets if reclaimed. Related Reading: Avalanche (AVAX) Eyes 30% Rally Amid Cup-And-Handle Pattern Breakout Meanwhile, analyst The Cryptonomist highlighted a falling wedge pattern in WIF’s lower timeframe chart. The memecoin broke out of the 3-day pattern after today’s bounce, breaking out of the upper boundary after reclaiming the $1.03 mark. The analyst stated that WIF could target the $1.49 resistance area if it holds its current levels and the entire market “goes for another leg up from here.” As of this writing, dogwifhat trades at $0.14, a 1.8% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

After reclaiming the crucial $100,000, Bitcoin (BTC) is testing its recently recovered levels as support, with some analysts suggesting that the price will see a short-term sideways move before breaking out of its key resistance. Related Reading: Avalanche (AVAX) Eyes 30% Rally Amid Cup-And-Handle Pattern Breakout BTC’s Next Key Levels Over the past month, Bitcoin has seen a massive performance, recovering more than 23% from the $84,000 mark. The flagship crypto has reclaimed the $100,000 barrier, lost during the February pullback, and rallied to a three-month high of $105,819. Amid the market recovery, BTC has re-entered its post-US elections range, between the $92,000 and $106,000 levels, trading just 4.4% below its January all-time high (ATH). However, the massive rally seems to have slowed after nearing the range’s upper level, which could momentarily halt its next leg up. This week, Bitcoin has ranged between $101,500-$105,000, taking out most of the liquidation clusters within the weekly range lows. Daan Crypto Trades pointed out that now the cryptocurrency is “pretty far away from any large liquidity clusters.” He explained that BTC’s price hasn’t traded in the range’s high for a significant period, and few new positions were built around this area “after the initial squeeze of shorts.” As such, the main levels to look out for are the range’s highs above the $106,000 resistance, and the range’s low around the $93,000 support, where the recent breakout occurred. Bitcoin To Trade Sideways For Two Weeks? Analyst The Cryptonomist considers that BTC’s price action is “very simple from here,” as the flagship crypto moves within a one-month rising wedge pattern. If Bitcoin remains inside the formation, it could surge to the $110,000-$112,000 levels. However, if Bitcoin falls below the lower boundary, around $100,000, it could lose the key support and attempt to fill the CME Gap around the $92,000 before a new ATH rally. Meanwhile, market watcher Ted Pillows highlighted Bitcoin’s correlation with the Global M2 money supply. The analyst noted that the cryptocurrency’s price action has resembled the Global M2 supply chart for the past several months, including the recent pump above $100,000. Related Reading: Ethereum Prepares For $2,850 Rally, But Analysts Warn Of Potential Dip To These Levels Now the chart suggests a consolidation period, which could see Bitcoin move sideways for one to two weeks, if it continues to follow the Global M2 supply path. “Once that is over, BTC’s next leg up will start, which will push it above $120K,” he affirmed. Additionally, Ted pointed out BTC’s Wyckoff accumulation is in the final phase, with some consolidation happening above the $100,000 support, “which is a good sign.” Concluding that, with liquidity entering again, the next leg up “will soon start.” As of this writing, Bitcoin trades at $104,916, a 0.5% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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 price continues to trade sideways, Ethereum (ETH) has reclaimed a crucial level, which could kickstart a breakout toward the $2,100 resistance. However, some analysts suggest that bulls need to take action or a 15% drop could be in the horizon. Related Reading: Injective (INJ) Gearing Up For $10 Level Retest – Is A Bullish Reversal Ahead? Ethereum Eyes Breakout To $2,100 After successfully holding the $1,750 level as support, Ethereum has reclaimed the key $1,800 resistance. The cryptocurrency has recovered nearly 20% over the past two weeks, hitting a one-month high of $1,873 at the start of May. ETH currently registers a 1.92% increase from its monthly opening following its negative 1.95% April. Notably, the King of Altcoins could end a five-month red streak if it continues trading above the $1,807 mark in the coming weeks. Amid the Tuesday correction, Ethereum retested the $1,750 level before jumping back above the $1,800 mark. Analyst Michaël van de Poppe noted that ETH is holding the recently reclaimed resistance and starting to bounce to confirm as support again, indicating buying pressure.  As a result, the analyst considers that investors are “about to witness a big breakout” to the $2,100 barrier in the coming 1-2 weeks. Reclaiming this level is key for Ethereum, as it was a key resistance ahead of its Q4 2023 breakout and served as a key support zone during the 2024 and early 2025 rally. Analyst World of Charts highlighted that ETH has been moving sideways between the $1,750-$1,870 price range after breaking out from its downtrend in late-April. And it “seems like building up for solid breakout” from its consolidation zone. Per the post, a breakout from this range and confirmation of the level as support could send the cryptocurrency toward the $2,500 level, lost in February. ETH’s Price Risks Another Correction Market watcher Daan Crypto Trades pointed out that “bulls would want to get a move going soon,” despite ETH’s price holding above the $1,750 support. The trader suggested that the altcoin could not stand another retest of this range, and if the level doesn’t hold, a 15% drop could be likely. “if that level gives in, it can be pretty easy to see how it just “Bart moves” back down to the $1500s,” Daan detailed, warning that ETH could risk a new low if it falls below this level. Related Reading: SUI Breakout To $4 Imminent? Analyst Says A Correction To This Level Could Come First Nonetheless, he concluded that it is “still fine as long as it trades where it does but be careful if we’d see a move & close below $1750.” Crypto Amsterdam also suggested that ETH could dive toward the $1,500 mark. According to the chart, if Ethereum is rejected again from the current levels, it could retrace toward the mid-April levels, between $1,550-$1,650, before bouncing toward its range high above the $1,900 mark. As of this writing, Ethereum trades at $1,811, a 1% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Injective (INJ) could be preparing for another retest of the $10 resistance as its price attempts to confirm a key support level. Some analysts suggest that the cryptocurrency could be preparing for a breakout and a massive bullish reversal. Related Reading: SUI Breakout To $4 Imminent? Analyst Says A Correction To This Level Could Come First Injective Eyes $10 Retest Over the past month, Injective has surged around 43% from its 18-month low registered on April 7. During last month’s recovery, the cryptocurrency pumped from the $6.34 low to the $10 barrier, hitting a six-week high of $10.63 before retracing. INJ has been in a downtrend since hitting its Q4 high of $35.26, retracing nearly 75% in the last six months. Analyst Crypto Rand noted that the token has attempted to break out of the downtrend but has faced strong resistance around the $9.5-$10 range. Following its recent jump, Injective got rejected from this range, with some market watchers suggesting that it could retest the $9-$9.20 levels as support before the next breakout attempt. Amid the weekend retrace, INJ’s price has touched these levels, trading between the $9.00-$9.40 and briefly falling to $8.90 before bouncing. After the 4.8% drop, the cryptocurrency is attempting to confirm this level as support, which could help Injective gain strength for another push above the key zone and toward the $11-$12 resistance. Crypto Rand noted that a breakout of the “$10 range would trigger the bullish reversal,” which could also propel the token toward the $14 barrier, lost in early March. Notably, this level has been a key horizontal level since the November post-election pump, serving as a crucial support and resistance. INJ Ready For A Breakout? Meanwhile, analyst Sjuul from AltCryptoGems highlighted a massive, inverse Head and Shoulders pattern on INJ’s chart, noting that investors should pay attention as “this is one of the strongest reversal patterns.” This formation is a bullish reversal chart that suggests a potential shift from a downtrend to an uptrend. According to the chart, the cryptocurrency has formed this setup over the past two months, with the neckline sitting around the $10.30 resistance level. A breakout from the neckline could trigger a significant surge toward the $14 mark. Analyst Lennaert affirmed that INJ “feels like an absolute steal” at its current range, as he considers that the cryptocurrency is likely not going lower than the 2023 key support at around $5.5. The analyst suggested that if momentum flips to altcoins, INJ’s price “will be back at the highs in no time,” adding that it has “one of the strongest fundamentals of all projects out there.” Related Reading: $25 Million Pledge From Ripple Set To Benefit Teachers And Students Across The US Notably, the project announced that “For the first time ever, all of the Magnificent 7 stocks are live on-chain via Injective” to “redefine Wall Street and finance forever.” According to the May 6 statement, Apple’s APPL, Microsoft’s MSFT, Amazon’s AMZN, Nvidia’s NVDA, Meta’s META, Google’s GOOGL, and Tesla’s TSLA are now “fully tradable 24/7 through Injective’s iAsset framework and the decentralized exchange Helix. As of this writing, INJ trades at $9.25, a 27.2% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

SUI, one of the leading altcoins of this cycle, targets the key $4.00 barrier after its recent price surge. Amid its reclaim of key supports, an analyst suggests the cryptocurrency could retest a crucial level before its upcoming expansion. Related Reading: Avalanche Bounces Off Key Price Level: Top Indicator Flashes A Buy Signal SUI Eyes 17% Jump Over the last two weeks, SUI has jumped nearly 85%, breaking above the crucial $3.80 barrier and recovering from its multi-month downtrend. During the Q1 market retraces, SUI lost key support levels and retraced over 68% from its January high of $5.35 toward its $1.71 six-month low. In March, the cryptocurrency attempted to reclaim the crucial $3.00 barrier, driven by the news of institutional adoption, but failed to confirm the breakout. Before its recent token unlock, the cryptocurrency saw its price rise from the $2.11 mark and reclaim the $3.00 resistance for the first time since February, rallying to a two-month high of $3.87. Its bullish momentum slowed after the unlock of 88.34 million SUI tokens, worth around $300.4 million, on April 30. The cryptocurrency saw an 8.5% retrace, dropping from $3.51 to $3.21. On Monday, SUI’s price jumped 5.2%, recovering the $3.40 support as the recent selling pressure decreased. Analyst AMCryptoAlex considers that the altcoin could hit the $3.90-$4 resistance after the unlock, if the flagship crypto, Bitcoin, holds the $94,000 mark. Meanwhile, analyst Lennaert noted that SUI could see a bullish continuation of its recent performance after retesting the $3.20-$3.25 support zone and bouncing. “If momentum flips, we’ll be testing the highs in no time. SUI repeatedly proved it doesn’t need much to pump hard. The team keeps on building, and it’s already growing to be one of the most promising ecosystems,” the analyst concluded. Is A $3.25 Retest Coming? Analyst Sjuul from AltCryptoGems suggested that SUI is potentially forming a Power of 3 (Po3) setup in a low timeframe. The Po3 pattern divides the price cycle into three phases: accumulation, manipulation, and distribution. In the accumulation phase, a consolidation occurs near the recent high after a strong price performance. Meanwhile, the manipulation phase sees a token’s price falling below the accumulation phase’s support level and trades within a range below the recently lost zone. The distribution phase consists of a strong price breakout, with momentum building and participants entering the market. Related Reading: BNB Bulls Target $644 As Classic Chart Formation Emerges According to the analyst, SUI started the accumulation phase after its recent breakout, hovering between the $3.25-$3.85 price range over the next few days. Amid the Sunday price drop, the cryptocurrency began the second phase, falling below the range’s lower boundary and trading near that level throughout the day. Since recovering the $3.25 mark today, SUI has seemingly entered the distribution phase, which could see SUI test the $3.25 support before soaring toward the $4.00 resistance. “Watch for a retest of that support level—or close to it—as we might see an expansion afterwards,” he concluded. As of this writing, SUI trades at $3.46, a 56% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As Bitcoin (BTC) attempts to break out from its weekly range, its price eyes the crucial $99,000-$100,000 resistance barrier, fueling bullish sentiment among investors. Multiple analysts forecast that the flagship’s crypto next all-time high (ATH) rally is around the corner, with some suggesting that the initial jump could come in the coming days. Related Reading: Ethereum ‘Running Out Of Time’? Analyst Says New ATH May Not Come This Cycle Bitcoin To $100,000 This Weekend? Over the past two weeks, Bitcoin has recovered from its sub-$80,000 correction, breaking above the $90,000 mark and reclaiming the $93,5000 resistance to re-enter its post-US elections price range. Amid its recovery, the cryptocurrency consolidated between the $93,000-$96,000 range, moving sideways for the last weeks. The start-of-month pump has seen BTC break out of this range after being compressed during this period, resembling its performance from two weeks ago. Analyst Daan Crypto Trades explained that BTC surged to the $83,000-$86,000 region during the mid-April recovery, consolidating for over a week before a small 2% breakout toward the $87,500 resistance. This was followed by a two-day “tight chop” and a breakout to a new higher range. He suggested that Bitcoin displays “a similar setup as the week before” as it has ranged and compressed within the $93,000-$96,000 zone and jumped around 2% to the $97,700 mark. Additionally, the largest crypto by market capitalization’s “tight chop” phase could have started as its price has hovered between $97,050 and $97,700 for the past few hours. If BTC replicates its recent performance, the flagship crypto could rally around 8% toward a new range at the end of the weekend and retest $99,000-$100,000 in the coming days. BTC Resembles Q4 2024 Price Action Meanwhile, analyst Rekt Capital suggested that Bitcoin could repeat its Q4 2024 performance. He highlighted that BTC has recovered from its downside deviation to reclaim its recent re-accumulation range, but it’s facing a lower high resistance within this zone. Notably, the cryptocurrency experienced the same situation in the post-halving re-accumulation range, initially rejected from the lower high to fall to the range’s lows. Weeks later, Bitcoin broke above the lower high resistance, restesting it as support before breaking out and soaring to a new ATH. The analyst noted that the idea was first explored before the US election pump, suggesting that BTC could mimic its Q1 2024 rally, fueled by the US spot Bitcoin Exchange-Traded Funds (ETFs). “It would be poetry if Bitcoin repeated history and followed through on the same path in this current Range as well,” he stated. However, Rekt Capital detailed that for history to repeat, Bitcoin must get rejected at $99,000, hold the $93,500 mark as support, and break the $97,000-$99,000 range before being rejected at the $104,500 resistance. Related Reading: Crypto Graveyard: 50% Of Tokens Have Failed In the Past 5 years – Report Then the flagship crypto would need to hold the $97,000-$99,000 range as support for a similar breakout to new ATHs. The analyst concluded that if Bitcoin continues holding the $93,500 mark, the price will be positioned to move across its re-accumulation range. Nonetheless, BTC must break its “black Lower High resistance within this Range, which is positioned at ~$99k this week.” As of this writing, Bitcoin trades at $97,461, a 3% increase in the weekly 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

SUI is leading the crypto market with a 56% surge over the past seven days, reigniting bullish sentiment toward the token. Amid its price recovery, some analysts suggested that the cryptocurrency is about to start a massive rally toward new highs. Related Reading: ‘All Bets Off’ If Bitcoin Reclaims This Level, But Analysts Warn Of Potential Rejection SUI Reclaims $3 Amid Breakout On Thursday, SUI, one of the leading cryptos of this cycle, saw an 11% daily jump to break above a crucial barrier. The token has been in a multi-month downtrend since hitting its all-time high (ATH) of $5.35 four months ago. Throughout the 2025 corrections, the cryptocurrency has lost key support levels, retracing over 68% from its January high. However, it attempted to reclaim the $2.70-$2.80 resistance level last month after trying to break out from its multi-month falling wedge structure. In March, the token surged to this key region following the news of institutional adoption, including Canary Capital’s filing of a Form S-1 for an SUI spot exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC). Ultimately, it failed to confirm the breakout and turn this level into support, dropping to pre-US election breakout levels in the following weeks. Nonetheless, SUI’s 56% weekly breakout has sent the cryptocurrency back above the $3.00 and $3.20 levels, lost in March. Moreover, SUI has broken out of its falling wedge pattern again, which could propel the token to new highs if the breakout is confirmed. Notably, the altcoin has broken out of a multi-month falling wedge twice, in October 2023 and August 2024, which drove the cryptocurrency to new ATHs in the coming months. Price Sitting At Key Level After Today’s surge to the $3.39 mark, the token has retraced toward the $3.25-$3.30 levels, with market watcher Hov noting that SUI sits at a key resistance zone between the $3.30-$3.70 price range. To the analyst, the cryptocurrency must “carry through this level and get a HTF close above 3.72ish” for bullish confirmation. After this, he suggested that SUI would likely “see a retest of resistance turned support.” This would put the $4.00 resistance and new ATH “on the menu” if it holds. On the contrary, failing to reclaim this key zone could halt the bullish momentum and send the cryptocurrency to retest the recently reclaimed $2.70-$2.80 as support, and risk a drop to the re-accumulation zone between the $2.00-$2.30 range. Related Reading: Cardano Breakout Eyes $0.80 Resistance – Is ADA Repeating Its ATH Playbook? Meanwhile, Rekt capital noted that the token also looks good “on the fundamental side of things, Grayscale opened a SUI trust today, showing institutional growth.” The analyst highlighted that SUI has rallied 50% since breaking its downtrend, which made the token flip Avalanche (AVAX) and Chainlink (LINK), making it the 11th cryptocurrency by market capitalization. As of this writing, SUI trades at $3.28, a 34% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Amid the market recovery, Cardano (ADA) has seen a 5% daily surge to retest the $0.66 level. Its recent price action has led the cryptocurrency to break out of a bullish formation, which could propel ADA to a key resistance zone. Related Reading: Ethereum Attempts Breakout From Multi-Month Downtrend, But Can ETH Hold $1,600? Cardano Breakout Eyes 27% Move On Tuesday, Cardano followed Bitcoin’s price jump and climbed to the $0.66 resistance, attempting to break above the key level for the third time this month. ADA has been in a downtrend since hitting its 3-year high of $1.32 in December 2024, retracing over 50% in the past four months. In March, the cryptocurrency surged 80% toward the $1.17 mark, driven by US President Donald Trump’s initial announcement of a “Crypto Strategic Reserve” comprised of ADA, XRP, and Solana (SOL). However, after the White House’s Crypto Czar, David Sacks, explained that the listed cryptocurrencies were used as an example of leading tokens, ADA’s price retraced to the $0.70-$0.80 range. Amid the late March retraces, Cardano lost the $0.70 mark, falling to the $0.50-$0-55 zone in early April. This month, the cryptocurrency has retested the $0.66 level but has been rejected twice. Today, it attempted to break this level again but was rejected a third time. Nonetheless, analyst Ali Martinez pointed out that ADA has broken out of a symmetrical triangle pattern amid its current performance. Cardano has been consolidating within a symmetrical triangle formation throughout April, setting the stage for a 27% price move. After surging above the $0.63 mark, ADA broke out of the pattern, eyeing a surge toward the $0.77 resistance next. ADA Preparing For Key Retests Analyst Sebastian noted that the cryptocurrency “is brewing,” as it’s moving within a four-month descending channel. ADA has bounced toward the upper boundary, which has served as resistance, each time it has retested the lower trendline as support. After the recent drop to $0.50, Cardano could retest the upper boundary soon, at around the $0.80 price range. Moreover, the analyst pointed out that the token is currently breaking out of an Inverse Head & Shoulders pattern within the descending channel, which could see the cryptocurrency surge toward the key resistance level. Another market watcher suggested that the cryptocurrency could be following its 2020-2021 pattern. According to the chart, once ADA broke out of its bear market rally levels, it reached a new cycle high, followed by a retest of the bear market rally as support. Related Reading: Analyst Says “The Clock Is Ticking” For XRP — Here’s Why After breaking out of the downtrend, it rallied toward its all-time high (ATH) of $3.09 in the coming months. “If ADA broke out this week and followed the same pattern as last cycle, it would be on track to hit a new ATH in the middle of August,” the analyst asserted. Meanwhile, Dan Gambardello affirmed that Cardano’s biggest resistance is at the $3 mark, “where a lot of people have regret for not selling last cycle.” The analyst forecasted that once ADA hits ATH levels, its pump “will probably pause in that general area with a lot of volatility, and then continue to $5. It’ll be like a crypto bus stop.” Featured Image from Unsplash.com, Chart from TradingView.com

Amid the latest market recovery, Ethereum (ETH) attempted to break out from its multi-month downtrend, leading some market watchers to suggest that a new rally could start soon. However, as price struggles to hold the $1,600 level as support, the cryptocurrency risks losing recent momentum. Related Reading: Ethereum Enters Historic Buy Zone As Price Dips Below Key Level – Insights Ethereum Breakout Eyes Key Resistance On Easter Sunday, the crypto market saw a positive end-of-week after jumping 4.2%. Bitcoin (BTC) closed the week above the $85,000 barrier for the first time this month, while Ethereum surged 5.4% to attempt to reclaim the $1,600 resistance for the third time in the past seven days. ETH closed the week around the $1,640 mark before climbing to $1,658 during Monday’s early hours. Amid this performance, the cryptocurrency attempted to break out of its multi-month downtrend for the first time. Crypto analyst Ted Pillows highlighted that Ethereum broke out of its descending resistance on Monday morning. According to the post, the cryptocurrency has been in a downtrend in the one-day chart since early February, retesting the trendline thrice over the past few months, but always being rejected. Its latest rejection from the descending resistance sent the cryptocurrency below the $1,700 mark, which fueled the bearish sentiment brewing toward ETH. The start-of-April retraces, driven by the ongoing tariff war between the US and China, further sent Ethereum to lower levels, hitting its two-year low below $1,400 and retesting the 2018 highs. The analyst noted that ETH could rally toward $2,000 during April’s last leg if the cryptocurrency holds the $1,600 support, which it hasn’t been able to do for most of the month. Is The ETH Bottom Close? Analyst Carl Runefelt also highlighted ETH’s downtrend breakout, affirming that it “might go absolutely parabolic starting from here.” According to Runefelt, the resistance breakout eyes the $3,000 mark, which was lost during the February retraces. However, Ethereum has lost its short-term momentum, retracing its 24-hour gains in the past few hours. Its price dropped below the $1,600 mark into the key $1,500 support level, trading around the $1,570-$1,580 price range. This retracement could hint that ETH’s recovery failed to gain strength, risking a drop to the current level’s lows. However, a bounce from this zone to hold the $1,650 mark could confirm the breakout and propel the cryptocurrency’s price toward $1,700-$1,800 resistance. Analyst Ali Martinez considers that ETH’s new rally won’t start again until it breaks through the $2,330 supply wall, where over 12.6 million addresses purchased around 68-63 million ETH. Related Reading: XRP Wyckoff Pattern Maps Bullish Run To $3.70 This Summer Meanwhile, another market watcher suggested that Ethereum’s trading pair against Bitcoin is “the only chart to look at right now.” Crypto Fella affirmed that the bottom of the ETH/BTC chart is close, as it has reached its lowest level since 2020. Per the chart, the last time ETH/BTC dropped below the 0.022 mark, it hovered between the 0.016-0.022 zone for some months before bouncing toward its late-2021 high. As of this writing, Ethereum trades at $1,571, a 1% decline 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

After falling from its Macro Range, Aptos (APT) has faced rejection from key levels. Amid its 15% monthly decline, some analysts suggest that APT’s party won’t continue until the $5 resistance is reclaimed. Related Reading: Is The Storm Over For Ethereum? Analyst Says ‘Face-Melting’ Rally Comes Next Aptos Trades In ‘No Man’s Land’ Over the past two weeks, Aptos has seen its price drop to its lowest levels in two years, falling below the $4 mark for the first time. The cryptocurrency has been trading within the $5.45-$17 price range since 2023, maintaining the Macro Range lows until the March corrections. Notably, APT had tested this key level twice before, but closed below its Macro Range for the first time last month. Analyst Rekt Capital noted that the cryptocurrency has historically developed bases around these levels “in the form of downside wicks for three-month periods,” seemingly forming one for the third time with its current downtrend. Amid the early April recovery, the analyst noted that Aptos was forming a lower timeframe bullish divergence as its Relative Strength Index (RSI) was forming Higher Lows despite the downside deviation. Nonetheless, he warned about “the dangers of a higher timeframe bearish retest for APT.” Since then, Aptos has “followed through on that bearish retest and rejected from the previous Macro Range Low, treating it as resistance.” After the rejection, APT’s price retraced 26% to the $3.9 support, where it “found some liquidity” and bounced to the $4.2-$4.5 range. “However, still, the confirmation for a trend reversal isn’t there just yet,” he explained, adding that Aptos must reclaim the Macro Range Lows or it would risk further bleeding. APT needs to reclaim the $5.44 Range Low level as support to confirm that it is ready to resynchronise with its prior range and try to position itself to challenge for higher prices. Without that confirmation, the risk is a little bit too steep because APT is in the middle of no man’s land. Until then, “it will be important to watch out for signs of mounting strength in the meantime,” the analyst added. APT Party Halted? Similarly, analyst Sjuul from AltCryptoGems considers that there will be “no party on APT” until it reclaims the $5 resistance, which it has been unable to recover for the past two weeks.  “As long as we stay below the $5 level, unfortunately, it’s just a bearish retest,” he asserted. Meanwhile, another market watcher pointed out that APT has been moving within a falling wedge pattern for the past five months, with a breakout “imminent.” However, the analyst affirmed that this week’s performance could determine whether the pattern will break out, as it needs to reclaim the $5 resistance and surge above $5.4. Related Reading: On The Brink: Ethereum Challenges Descending Channel, Targets $3,000 Price Rekt Capital noted that Aptos has revisited the 35 Relative Strength Index (RSI) during its recent performance, “which has historically been a key region in facilitating basing periods from which price would reverse to the upside over time.” With APT at this level, the RSI would need to break its multi-week RSI Downtrend to “confirm a sign of emerging strength in price, building out a bottoming-out area here. Until then, it is a waiting game for the most part.” As of this writing, APT trades at $4.5, a 1% decline in the daily 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

As Bitcoin (BTC) recovers from its five-month low, the cryptocurrency attempts to reclaim the $84,000 resistance. Some market watchers suggest that more volatility could be around the counter, as the price is compressing between two key levels. Related Reading: Ethereum ‘Set For Potential Rally’ After 10% Surge – Can ETH Recover $1,800? Bitcoin Retests 4-Month Downtrend Line Over the past week, Bitcoin has been trading between the $74,000-$84,000 price range following the recent tariff war-related volatility. After hitting a one-week high of $84,720, the flagship crypto hit a five-month low of $74,773, driven by this week’s market correction. Amid this performance, the cryptocurrency risked a 13.7% drop to the $69,000 support, as it generally needs a daily close above the $78,500 level for a potential short-term rebound. However, BTC’s price has surged 13.5% since Monday’s lows and attempted to reclaim the $84,000 resistance. The market recovery was fueled by US President Donald Trump’s 90-day pause on the trade tariffs for over 75 nations, which saw the crypto market and stock prices jump 6%-10% in an hour this Wednesday. Nonetheless, the tariffs-driven rally slowed Thursday, with Bitcoin retracing nearly 5% to the $79,000 support. Analyst Alex Clay asserted that despite the bullish rally, BTC’s price needed to reclaim the broken $80,000 support and break through the descending 4-month resistance as its short-term structure continued looking bearish. During BTC’s 7% surge in the past 24 hours, the analyst highlighted the key support zone held, invalidating his bearish scenario. However, a breakout and reclaim confirmation of the $84,000 remained crucial for BTC’s price. BTC Preparing For More Volatility? Analyst Rekt Capital pointed out that Bitcoin successfully retested the $78,500 support, but its price was rejected from the 4-month downtrend resistance. Therefore, the flagship crypto’s price is now compressing between these two levels, which usually “precedes volatility.” The analyst also noted that BTC is “developing yet another Higher Low on the RSI while forming Lower Lows on the price.” During this cycle, the cryptocurrency has formed multiple bullish RSI divergences in the daily chart, each preceding a reversal to the levels. Bitcoin’s Daily RSI equaled 2022 Bear Market RSI levels (RSI=23.93) when price crashed into the high $70,000s. The only lower Daily RSI in this cycle was back in August 2023 (RSI=18.28). Throughout this cycle, each visit into sub-25 RSI resulted in a trend reversal to the upside over time. Related Reading: Solana (SOL) Needs 15% Bounce After Multi-Year Support Retest, Recovery Ahead? Meanwhile, crypto analyst Ali Martinez suggested that BTC could see a retrace back to the $74,000 support zone. He observed that Bitcoin’s movements within its weekly range display a W-shape to the upper boundary, and its price action seemed to be forming an M-shape after Thursday’s retrace and Friday’s jump, which eyes the range’s lower boundary. On the contrary, the analyst also highlighted Bitcoin’s Friday performance, affirming that it “is slicing through key resistance at $82,360.” Notably, BTC’s price then jumped toward the $84,000 barrier, hitting a daily high of $84,220 before retracing to the $83,500 mark. According to Martinez, “A sustained breakout could open the door to $91,500.” As of this writing, Bitcoin trades at $83,640, a 1% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com