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Vote Period: 2025-02-17 14:45 (UTC) to 2025-02-27 23:59 (UTC)
#XRP is trading at $2.78 with strong bullish momentum 📈 but faces key resistance at $2.85—will it break through or retrace? 🔥
- Bulls target $3.00 if resistance at $2.85 is cleared - Moving averages signal continued upside potential - A drop below $2.55 could trigger short-term weakness $XRP #BNBRiseContinues #BNBRiseContinues #CZBroccoliMeme
The price is currently trading within a small triangle pattern on lower time frames. If the price breaks to the upside, we could see a move toward the major resistance area. It's advisable to wait for a clear breakout above this major resistance zone before opening new long positions.
DOT has broken the resistance area on lower time frames and is now retesting it. You can open a long position here with a stop loss. We may see a continuation of the upward movement towards the next resistance area.
As for Ripple, I don't like doing a global analysis here, everyone has its own opinion on this coin's prospects and achieving them will mostly depend on the U.S. Government decisions.
Speaking locally, the chart is not bad. There are two supports: ascending trend line and $2.24 that begs for a sweep.
So, I have the following expectations: fake breakdown of these two supports, fast comeback above and ride upwards to the previous local highs. $XRP
So, let’s examine the chart, it is quite simple tho. There is a crucial support level — $92,000. It determines the further price action.
So, there are two possible scenarios of further price actions:
1) Breakdown of the $92,000 support level. This one gives us an opportunity to go SHORT with the targets in the $78,000 - $82,000 area. Invalidation of setup - strong bounce back above support.
2) Strong bounce from the $92,000 support level with the further breakout of the $102,000 resistance (that will invalidate H&S pattern). The breakout of this resistance will give us a chance to LONG.
For now the price is just moving in the horizontal range. Not the best time for trading, especially leveraged, as the market receives a lot of FUD from all sides.
Based on on-chain data, the most significant support zones are:
1️⃣ $61,101 (1.83% of total $BTC BTC moved) 2️⃣ $60,365 (2.01% of total BTC moved) 3️⃣ $59,630 (1.29% of total BTC moved) 4️⃣ $58,892 (1.35% of total BTC moved)
#LIKNUSDT 🔹 Chan Link is in the ascending channel, which is falling after breaking the static price resistance line of 12.559.
There are 2 possible scenarios
Scenario 1: The price is near the bottom of the ascending channel and is also at the static support line of 10.866. If the price is supported here, the price will rise and move up, the first target of which is 12.559.
Scenario 2: If the price does not respect the bottom of the channel and the support line i.e. the price of 10.873 and is not supported, we will see a further drop and the first target can be considered the price of 9.276. $LINK