$DOGE is trading around 0.06988, following an uptrend line since the beginning of August and approaching resistance around 0.0704. This gradual rise is quietly building momentum for a breakout.
If the price holds above 0.0698, a breakout at 0.0704 will open the way to 0.0711 and 0.0725.
If the price falls below 0.0698, the price will retreat back to support along the uptrend line.
$DOT has just strongly bounced back from the 0.723 level, trading around it after breaking below a downtrend line from the end of June and the key support zone around 0.721. This drop puts the entire structure on the brink of collapse.
If it holds above 0.721, then a recovery of the 0.760 level will open the way to 0.790 and 0.810.
If 0.721 is lost, then new lows will come into play.
$NEAR fell by 8.40%, trading around 1.639 and clinging to support of the lower channel, which has been holding since June, while the descending trendline over the same period caps every rebound around 1.87.
This is a complex area, but the structure is still intact.
Holding above 1.595 and recovering to 1.67 will open the way to 1.75 and 1.87.
A break below 1.595 will lead to new lows under 1.56.
$UNI dropped sharply from the maximum 4.40 and is now testing the lower line of the ascending channel formed in May, which is currently at the level of 3.491.
This channel has held on every decline since then, and this test is important.
If the price holds above 3,400, it will quickly rebound to the levels 3,900 and 4,000.
If the price falls below 3,400, the channel will be broken, revealing lower levels.
$AAVE is trading around 88.49, following an uptrend since June and testing the key zone 86.38–88.25, which has switched several times from the support zone to the resistance zone and back.
If it holds above 86.38, the price will quickly approach the 94.00 and 98.00 levels.
If 86.38 is lost, the price will break the uptrend line, revealing lower levels.
$DOGE has just broken the long-term downtrend line from June, which is now at the level of 0.07095 after breaking through the 0.07000 level, which has been firmly held since the end of July.
If the level stays above 0.07000, the price will quickly move to 0.07300 and 0.07500.
If the level drops below 0.06910, we will pull back to the trend line for a retest.
$INJ tests the upper line of the rising channel formed in June and is currently at the level of 4.619 after a strong bounce from the 4,300 lows at the beginning of August.
Testing this trend line is the level to watch right now.
If the price holds above 4,500, it will quickly move toward the 4,900 and 5,100 levels.
If the price drops below 4,400, we will retrace to the channel’s middle line around 4,300.
$WLFI sharply bounced off the lows of 0.0501 and is now moving toward 0.0561, currently sitting at 0.0556 after breaking through the long-term downward trendline from June. Pay close attention to this rebound right now.
If the price holds above 0.0550, it will quickly move to 0.0590 and 0.0610.
If the price drops below 0.0510, we will again test the lows around 0.0501.
$NEAR broke the lower support level of the long-term downward channel since June, which is at the 1.568 mark, after reaching new lows around 1.534.
After this breakout, following several weeks of decline, should be monitored closely.
If the price holds above 1.534, it will quickly rebound to 1.620 and 1.680. If the price falls below 1.534, it will open the way for a sharp drop to new lows.
Swedish public company H100 Group AB (ticker H100 on the Swedish exchange NGM) has officially become the second-largest corporate holder of Bitcoin in Europe and the 26th largest in the world.
The company purchased 2455 $BTC ; the deal became the largest M&A transaction in the European public Bitcoin sector and the first worldwide public deal fully paid in Bitcoin via shares.
This means that H100 did not pay with cash, but with company shares.
$ARB is moving along an upward trend line since June; it is currently at 0.0801 and testing the 0.0800–0.0806 zone, which has acted as a key resistance throughout August.
This trend line has been holding each decline since late June.
By staying above 0.0778, we will return to 0.0806 to quickly push toward 0.0840 and 0.0880.
After losing the trend line around 0.0778, the price will return to 0.0750.
$RENDER tests a long-term downtrend line from April, which is currently at the level of 1,337. This level has been ending each rally for several months in a row.
If it holds above 1,315, the price will quickly bounce back to the 1,410 and 1,460 levels.
If 1,315 is broken, a sharp drop will open toward new lows.
$ADA has sharply risen from a minimum on July 28 of about 0.1560 and is now trading around 0.2000 after breaking through the 0.1800 zone. Along the entire path, the price follows a steep upward trend line, and the momentum here is undeniable.
If the price holds above 0.1950, it will continue rising toward new highs above 0.2050.
If the price falls below 0.1900, we will pull back to 0.1800 for a retest, but buyers fully control this move.