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#NEAR looks like it could be preparing for a much larger bullish move after breaking above a major resistance zone. 👀
NEAR is currently trading around $4.65, and the recent rally from the $1.50 to $1.70 area has been impressive. Price has already broken above the previous horizontal resistance around $3.10 to $3.40 and is now testing the long-term descending resistance trendline.
The interesting part is that this descending trendline has been acting as major resistance since 2022. A confirmed breakout above it could signal an important shift in the larger market structure.
However, after such a strong rally, I wouldn't rule out a short-term correction before the next major move.
If NEAR gets rejected from the current resistance, we could see a pullback toward $3.10 to $3.40. This is the previous resistance zone, which could now act as support.
If buyers defend this area and NEAR manages to break above the long-term descending trendline with strength, the next major upside areas I'm watching are $6.00, followed by $8.50 to $10.00.
But if NEAR loses the $3.10 support, the bullish breakout structure would start looking weaker, and a deeper correction could develop.
#CHR looks like it could be preparing for another correction before a potential bullish reversal from the major support area. 👀
CHR is currently trading around $0.01837, and price has started pulling back after rejecting from the major descending resistance trendline around $0.0220 to $0.0240.
The interesting part is that CHR has been respecting this descending resistance for several months, while the recent recovery from the August lows suggests buyers are slowly returning.
However, I don't think the correction is necessarily over yet.
If CHR continues lower, the first area I'm watching is around $0.0160 to $0.0170. This is an important demand zone where buyers previously stepped in.
If that support fails, we could see another move toward $0.01470, with a possible deeper wick toward $0.01360 before a stronger recovery begins.
From a larger perspective, this correction could create another opportunity for CHR to establish a higher low before attempting to break the long-term descending resistance.
For the bullish scenario to become stronger, CHR needs to reclaim $0.01964 first and eventually break above the descending resistance around $0.0220 to $0.0240.
If that happens, the larger downtrend could start shifting toward a bullish reversal, potentially opening the way toward $0.0260 to $0.0300.
#PEPE looks like it is approaching an important breakout area after consolidating inside a symmetrical triangle pattern. 👀
PEPE is currently trading around $0.00000412, and price is testing the descending resistance trendline while continuing to hold the major ascending support.
The interesting part is that PEPE has been making lower highs while maintaining higher lows, which suggests price is getting squeezed between two important trendlines. Usually, this kind of structure leads to a stronger move once either side breaks.
If PEPE manages to break and hold above the descending resistance around $0.00000415 to $0.00000425, we could see a bullish continuation toward $0.00000460.
But there is also a bearish scenario. If PEPE fails to confirm the breakout and loses the ascending support around $0.00000395, the structure could turn bearish, potentially sending price toward $0.00000350 to $0.00000340.
SOL/USDT: TWO POSSIBLE SCENARIOS!
Solana is trading around $105, sitting near a crucial price zone. The next major move could determine SOL's long-term direction.
🔥 Scenario 1: Bullish Breakout 📈
SOL holds its key support levels, builds momentum, and breaks above resistance, potentially triggering a strong rally toward $290 and beyond.
❤️ Scenario 2: Deeper Correction 📉
SOL fails to maintain support, leading to a deeper correction toward the $60–$45 region before a potential recovery.
⚡️ Both scenarios suggest very different paths. Which one do you believe will play out?
React for Scenario 1 : 🔥
React for Scenario 2 : ❤️
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Lot's of Fear last few days on the dips. No one really looking for pumps. Hold up at these lows now and we could see a relief from today for a few days.
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$460,000,000,000 has been added to US stocks at market open today as reports of a possible US-Iran deal breakthrough emerge.
Black Monday has been cancelled by US investors.
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Gold and Bitcoin both remain in holding patterns. Below is gold, which has seen steady inflows but continues to be held down by a deceleration in global liquidity growth (per the tightening in financial conditions mentioned earlier).
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#BTC looks like it could be approaching an important rejection area.
BTC is currently around $85,673, and price is now testing the major ascending resistance around $86,000 to $87,000. After such a strong move from the $62k to $63k area, this is where I’m watching closely for sellers to step back in.Читать полностью…
If BTC fails to break and hold above $87,000, we could see a rejection back toward $80,000 to $79,000 first.
If that support fails, then I’ll be watching the $74,000 to $71,000 area. This is much more important because losing this zone would start making the current breakout look weak and could open the door for a deeper correction.
The bigger bearish scenario comes into play if BTC eventually loses $66,000 to $67,000 again. That would put price back below the major breakout structure and could expose $62,000 to $60,000, with the previous deeper downside scenario coming back into consideration.
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