โ๏ธ The price of ADA is poised to continue its upward trend after consolidating in the $0.2330โ$0.2370 range. If the price reacts positively to this range, we will then see an increase toward the $0.2640 resistance level. #EthereumValidatorExitQueueJumps392% #ADA
๐ธ $BTC USDT โ Current Price: $85,000. ๐ฉ Key liquidity levels: $83,100 and $82,500. โ ๏ธ Important levels: $82,000 and $86,700.
The price of BTC failed to break through the key $86,700 level and underwent a sharp correction. To make another attempt to break through this level, the price needs to build up liquidity between the previous lows of $82,500 and $83,100. If the price reacts positively to this zone, a new uptrend will begin with the goal of breaking through the $86,700 level.
๐ฏ Altcoin Market: The altcoin market has experienced a sharp correction. ๐ฐ The price of SOL has fallen to $118. This is a local support level; if the price holds here, a new upward trend will begin soon.
The coin is trading near the VAL volume level of $0.2110. If the coin reacts to this level during its price movement, an upward trend will follow. The main target for future growth is to break through the VAH volume level of $0.2270. #XLMSPOT
The coin is correcting toward the POC volume level of $0.7280. If the coin successfully holds this level, a new uptrend will begin, with the goal of breaking through the VAH volume level of $0.7720. #asterix #analysis #TradingCommunity
The coin has fallen below the POC volume level of $313.3. To rebound, the coin needs to gather liquidity at the nearest level. Only then can it begin an upward move with the goal of reaching the VAH volume level of $338.1. #TAOTrading #analysis
While the majority of upside liquidity has been cleared during this rally, new long-liquidation clusters have started forming below price.
Right now, three highly concentrated low-leverage clusters stand out.
The first one sits around $83k, right at the previous HTF high BTC just broke above. A retest of that area would flush out a decent amount of breakout longs.
The largest cluster sits lower around the $77kโ$78k region. This is also the area many traders likely used to long after BTC reclaimed the old range, making it an obvious liquidity target on a deeper retrace.
The final cluster sits just below the lows of the latest expansion to the upside.
Interestingly, this is also the area many traders are currently waiting to buy again, which makes me question whether BTC will even give us a clean retest there or simply frontrun it instead.