Tag: Support

Cardano Price Could Close May Below This Multi-Year Support — What’s Next?

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

Bitcoin Price Targets $78K as BTC Holders Defend ‘Strongest Near-Term Support’

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Bitcoin (BTC) is rebounding from a key on-chain support zone, putting the $78,000 level back in focus for bulls. Key takeaways: BTC is eyeing a rebound to $78,200, the realized price of BTC held for three to six months. A sustained move above this cost basis could put Bitcoin on track for a push above $100,000 by year-end. BTC’s short-term holders defend $71,400 cost basis Bitcoin rebounded roughly 2.5% over the weekend to reach $74,000 on Sunday, with the recovery beginning near $72,500. The local low came close to the…

Bitcoin price rebound to $75K? Analysts split as $71K support looms

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Bitcoin traded near $73,700 on May 31 as traders watched whether the market could defend short-term support while analysts debated a possible rebound and a deeper cycle low later in 2026. Summary Bitcoin trades near $73.7K as traders watch $71.4K support and $78.2K resistance. A TD Sequential buy signal points to a possible rebound toward $75,000 if demand improves. Low volume, weak RSI and Iran-linked risk keep Bitcoin under short-term market pressure this week. Bitcoin price data showed BTC trading near $73,713, up 0.28% over 24 hours. The asset remained…

Solana Clings To Critical Multi-Year Support As Breakout Pressure Builds

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Solana is approaching a pivotal moment as price continues to defend a key multi-year support zone near the $79 level. After months of consolidation and repeated failed breakouts, growing signs of accumulation are now fueling speculation that SOL could be preparing for its next major upside attempt.  SOL’s $79 Support Emerges As The Most Critical Level On The Weekly Chart Strategist Scient identifies two critical price levels that define Solana’s macro landscape: the 2024 low at $79 and the impulsive high at $210. This $210 level is particularly significant, as…

Bitcoin Buyers Stack $512M Bids Near $70K Support: Is A Reversal Ahead?

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Bitcoin (BTC) traders have placed new buy orders near $70,000 as the price approaches a key liquidity zone. Order-book data shows more than $500 million in bid liquidity between $72,000 and $70,000, creating a demand zone that could shape BTC’s next move. BTC buy bids form key support zone Data from CoinGlass shows dip buyers have placed 6,235 BTC in bid liquidity between $72,000 and $70,000. At current prices, the buy orders are worth roughly $443 million. The largest cluster sits directly above $70,000, where buyers are positioned to absorb…

Ethereum Price Structure ‘Weakening’ as Traders Focus on $1.8K Support

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Market analysts say Ether (ETH) still faces “downside pressure” that could trigger another ETH price sell-off as traders shift their focus to support at $1,800.  Key takeaways: Ether faces downside pressure as elevated leverage and positive funding rates amid falling prices signal fragile market conditions. Analysts say ETH must hold the $1,800-$1,750 support zone to avoid a deeper correction. Ether price metrics suggest downside risks remain Analysts have highlighted several reasons for Ether’s potential to drop lower, including an elevated estimated leveraged ratio and positive funding rates amid a “weakening…

Bitcoin Tests Critical Support As Bearish Signals Point To $60,000

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Bitcoin (BTC) is at a pivotal level as geopolitical tensions rise and bearish setups emerge, prompting some analysts to warn of a potential 15% correction if a critical support area doesn’t hold. Related Reading Bitcoin Eyes Channel Support For Next Move Following news of renewed US strikes against Iranian targets, Bitcoin dropped roughly 5% from $76,000 to a one-month low of $72,589. At the start of the week, the cryptocurrency had been trading between $77,000-$78,000 after recovering from last week’s pullback. However, the growing geopolitical tensions have pushed the price…

Bitcoin Bears Break $75K Support: Is $70K Next?

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Bitcoin’s (BTC) rising funding rate and aggregated open interest suggest bullish investors are opening longs in an attempt to defend the range lows and an important support at $70,000, but another day of spot ETF outflows has investors concerned that the institutional stance on BTC is shifting. As shown in the chart below, Bitcoin open interest remains relatively stable despite the day-over-day selling, further re-enforcing the view that long positions are either topping up to stay open or newly created. The cross-exchange funding rates (the last indicator at the bottom…

SUI Finds Strong Technical Support, Yet Broader Downtrend Fears Persist

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SUI is showing signs of stability after finding support at a key technical confluence zone, giving bulls hope for a potential rebound. However, despite the strong support structure, broader market signals continue to point toward lingering downside risks, with concerns growing that the current trend may still favor a deeper corrective move.  Holding Firm At Key Breakout Retest Zone In the face of waning market action, crypto strategist Scient highlighted a critical juncture for SUI. After a measured pullback, the asset has successfully tested and maintained support at the Value…

UK Authorities Sanction HTX Crypto Exchange, Citing Support for Russia

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The UK government has added cryptocurrency exchange HTX to its list of sanctioned entities over its support of Russia. On Tuesday, UK authorities said that there were “reasonable grounds to suspect” HTX, formerly Huobi Global, has been supporting Russia’s government through financial services and funds facilitated by the A7 Limited Liability Company and Garantex, other sanctioned entities. The crypto exchange, headquartered in Panama, was the latest to be named as part of a crackdown on entities “exploited by Russia to circumvent UK sanctions.” “If the Kremlin thinks it can evade…