$SEI is showing signs of a recovery on the daily chart after bouncing from the $0.0383 area.
Price is now around $0.049 and has reclaimed the 30-day MA at $0.0465. The 7-day MA is also below price at $0.0450, which supports the short-term bullish structure.
RSI is around 60, so momentum is improving without being extremely overbought. MACD has also turned positive, with DIF above DEA, suggesting buyers are starting to regain control.
The main level I’m watching is $0.0516. If SEI breaks and holds above this resistance, the next important area is around $0.0534, which also lines up with the 200-day MA.
For a pullback, $0.0465–$0.0470 is the key zone to watch. Holding this area could keep the recovery structure intact.
Overall, SEI is showing improving momentum, but the $0.0516–$0.0534 zone is where the real breakout confirmation would come.
$ETH is still showing strong bullish momentum on the daily chart, but the current price is getting stretched after the recent move higher.
ETH is trading around $2,652 and recently pushed toward $2,666. The price is above the Bollinger midline at $2,483 and has broken above the upper Bollinger Band around $2,609, showing strong buying pressure.
However, MACD is starting to cool off, with DIF below DEA and the histogram turning negative. So I’d avoid chasing the move here and instead watch for a pullback toward the $2,600–$2,620 area.
If ETH holds that zone and buyers step back in, the next levels I’m watching are → $2,670 → $2,700 → $2,800 → $3,000.
The bigger picture remains bullish, but $2,666 is the immediate resistance to watch. A clean break and hold above it could open the door for another leg higher. 🚀
$BTC Daily chart is showing a clear short term bearish structure.
BTC is currently trading around $77.3K and sitting below the Bollinger mid band at $78.56K. MACD has turned bearish with the histogram below zero while KDJ is also showing weak momentum.
The key level to watch is $78.5K. If BTC fails to reclaim this area then another move toward $76K and potentially $74.4K is possible.
For the bulls I would want to see a strong daily close above $78.5K. That could open the door toward $80.6K and $81K.
$CL is showing signs of exhaustion after the sharp move toward the $106.98 high.
Price is now pulling back from the upper Bollinger Band while the 4H chart shows a stretched move and momentum starting to cool. I’m watching the $100 area closely. If price fails to reclaim and hold above $100 then a deeper pullback toward $97 to $94 becomes possible.
For a scalp I think the short side offers a better risk to reward here.
Scalp Short $CL
Entry: $100 - $98
TP: $97 - $96 - $95 - $94
SL: $102
Key confirmation: rejection around $100 and continued weakness below $98.
Bitcoin and gold are starting to move more and more alike.
The 90 day correlation between BTC and gold has climbed to around +0.50, getting close to the record levels we saw during the 2020 pandemic.
What’s even more interesting is that this correlation has more than doubled since the beginning of the year.
For comparison, during the recovery from the 2022 bear market, the correlation only reached around +0.30.
The latest move picked up after the US Treasury announced on August 19 that it would at least double its buybacks of long dated government debt, increasing them from $2 billion to $4 billion per operation.
At the same time, Bitcoin’s correlation with the Nasdaq 100 has fallen to around 0.30, its lowest level in a year.
$TAO is looking interesting after the recent breakout 👀
Price pushed above $240 but is now cooling off around $228. The important thing is that the overall structure still looks stronger than it did during the previous downtrend.
The daily Bollinger middle band is around $219, while MACD is still in positive territory. Volume also picked up during the breakout, showing that there was real buying interest behind the move.
Right now, TAO looks like it’s taking a breather after the rally. If buyers step back in and price manages to reclaim the $240 area, that could be an important sign that the bullish momentum is returning.
For now, I’d watch how price behaves around the $220 to $225 region rather than chasing the move. 📈
A recent on-chain governance vote on the Solana network has resulted in a 25% increase in transaction speed, marking a notable improvement in network efficiency.
The upgrade was passed through Solana's on-chain governance process, reflecting the network's ability to implement protocol-level changes through community consensus.
Zcash has officially hit its highest price in 8 years.
$ZEC surged 47% to $865, a level it hasn't seen since January 2018, according to CoinDesk.
Back in June, the token crashed to $250 after an AI discovered a critical counterfeiting vulnerability that had been live for four years. Since that low, $ZEC has rallied 3.4x.
The rally picked up speed after Grayscale filed to convert its Zcash Trust into what would be the first U.S. spot ZEC ETF, according to The Block.
Even with this surge, $ZEC is still roughly 73% below its all-time high of $3,191.