Keep an eye on the $MTL 12H timeframe chart. It has bounced off the support and entered the Ichimoku cloud, and it was rejected from the descending resistance and the SMA100. However, considering the volume and the fact that it is still inside the Ichimoku cloud, we can expect it to break the descending resistance soon. If that happens, the potential targets are:
🎯 $0.474 🎯 $0.504 🎯 $0.534 🎯 $0.577 🎯 $0.631
⚠️ Always remember to use a tight stop-loss and maintain proper risk management.
Price has finally broken above the long-term falling wedge resistance after weeks of compression. This breakout, supported by a clean rebound from the lower trendline, signals a potential shift in momentum.
If bulls hold above the breakout zone, it could push toward the next major resistance levels, opening room for an upward move in the coming sessions.
The price of $XMR may begin an upward movement after reacting to the large OB 4h zone in the range of $321.5 - $351.8. If the price reacts successfully to this zone, we will see growth to the current highs above the $437 level.
$ETH rejected twice from the upper trendline, forming a clear double-top weakness. Price has now broken below the minor rising trendline with strong bearish momentum. Next key support is the green demand zone around 2850–2890. A clean break below that could send ETH toward the lower trendline near 2730.
The price is currently sitting above a strong historical demand zone, the same area from which the previous major rally started. Buyers have shown interest here before, and recent candles indicate that the market is trying to stabilize above this support.
As long as ENA continues to hold above this highlighted demand zone, a relief bounce or upward move is likely.