$ENA is showing the first signs of breaking the downtrend
The price is holding well above the current zone and a clean breakout of the trendline could open the way for a strong move toward the 0.30, 0.45 area, where liquidity and heavy resistance are positioned.
We are monitoring closely for a more sustained upside in the coming days.
Price is holding inside the descending channel support, and the next reaction from here will decide whether a recovery starts or the downtrend continues.
Watch the support zone closely. A strong bounce can lead to a clean move toward the mid channel.
$AAVE is moving inside a descending channel on the daily chart. Since it is currently interacting with the Ichimoku cloud and the daily SMA50, you can consider buying a small bag here and another position near the support zone. In case of a breakout above the channel, the potential targets are:
🎯 $227.60 🎯 $252.46 🎯 $277.31 🎯 $312.70 🎯 $357.78
⚠️ Always remember to use a tight stop-loss and maintain proper risk management.
$BTC is currently squeezing inside a tightening triangle right at the upper boundary of the larger falling channel. The price is holding steady near the breakout zone, showing signs of buying interest and reduced selling pressure.
A clean breakout above the resistance, followed by a successful retest, would open the doors for a bullish move toward the mid-channel levels and potentially higher. As long as BTC holds above the short-term trendline, the setup remains slightly bullish with momentum gradually shifting in favor of the buyers.
$PHA is moving inside a falling wedge pattern on the 12H timeframe. Volume has spiked, which is a positive sign. In case of a breakout above the wedge resistance and the 12H SMA50, the potential targets are:
The price of $ATOM may begin a new phase of growth after gathering liquidity from local lows, where a significant amount of liquidity is currently accumulated. The primary target for growth is the resistance level at $2.40.
The price of $AVAX is trading near the 4h OB zone in the range of $12.86 - $13.11. If the price reaches this zone and shows a reaction, an upward movement will begin. The main target for growth is liquidity above the $15.00 level.
$PENGU is moving inside a descending channel on the 12H timeframe. It is currently facing a heavy resistance cluster that includes the Ichimoku cloud, the channel resistance, and the SMA50. Consider buying a small bag near the support zone. In case of a breakout above the channel, the potential targets are:
$ETH is still respecting the downward channel, consistently getting rejected from the channel’s upper trendline. The recent rejection near the upper boundary indicates that sellers are still defending this zone, maintaining price pressure to the downside.
Currently, ETH is pulling back toward the local diagonal support. Bulls need a strong bounce and a breakout above the upper trendline to shift the momentum. Until then, the structure remains downward with lower highs and lower lows dominating the trend.