$GRASS just ripped 28% today, breaking out to $0.5599 after basically going sideways for a month.
Chart's pretty clear about what happened price was chopping around $0.26-$0.37 for weeks, then today's candle just blew through everything. All three moving averages are now stacked below price, which is the setup you want to see for a real trend change.
RSI is sitting at 81.8 though, so this is stretched. Not saying it can't keep going, but chasing green candles at 80+ RSI has burned people before. MACD just turned positive too, which lines up with the move.
Volume looks like it actually backed this up, not just a low-liquidity wick. That matters breakouts on no volume tend to fade fast.
$XPL is showing strong short term momentum but it’s now testing an important resistance zone around $0.10.
Price is trading around $0.1001 and has reclaimed the MA200 while staying above the MA7 and MA30. The MA7 has also crossed back above the MA30 which supports the short term bullish structure.
RSI is around 59 and MACD has turned positive, so momentum is improving. But there’s one thing I’m watching closely: volume.
The recent move is strong but volume is still much lower than the spike we saw around the August 20 high. That makes this look more like a range recovery than a confirmed breakout for now.
Key levels:
Resistance: $0.100–$0.105 Major resistance: $0.1116
Support: $0.093–$0.094 Next support: $0.086–$0.088 Major range support: $0.072
A daily close above $0.105 with strong volume could open the way toward $0.1116.
If price gets rejected here a pullback toward $0.093–$0.095 would not be surprising.
For now I’m watching how XPL reacts around $0.10 rather than chasing the move after a 15% daily rally.
$OP is still holding a bullish structure after breaking out of its 3 week base but today’s rejection near $0.1405 is something to watch.
Price is currently around $0.1236 and remains above the MA7 MA30 and MA200 which keeps the short term structure positive.
However RSI has cooled from the 70 area and MACD momentum is starting to flatten. The long upper wick from $0.1405 also shows strong selling pressure around resistance.
Key levels I’m watching:
Resistance: $0.1405 to $0.143
Support: $0.122
Major support: $0.110
If OP holds $0.122 to $0.110 the breakout structure remains intact and we could see another attempt toward $0.14.
A daily close above $0.143 would strengthen the continuation setup.
On the other hand a daily close below $0.122 could bring the $0.110 MA200 retest into play.
For now I’m watching the daily close. Today’s rejection doesn’t automatically mean the breakout is over.
BONK is trading around $0.00000355 after pushing higher and breaking above the recent range. The short term momentum is clearly improving.
Price is now above both the MA7 and MA30 which is a positive sign. RSI is around 67 showing strong momentum but it is also getting closer to overbought territory.
MACD has turned positive as well with the histogram expanding which suggests buyers are gaining control.
The bigger resistance sits around $0.00000460 near the MA200. If BONK can hold above $0.00000340 to $0.00000355 and continue building momentum then a move toward $0.00000400 and potentially $0.00000460 could come into play.
I would watch the $0.00000340 area closely. Losing that level could bring the price back toward the $0.00000300 zone.
Momentum is with the bulls for now but confirmation and volume are important from here.
The daily chart is starting to look interesting. OP has pushed above the key moving averages with strong momentum and volume. MACD is turning bullish while buyers are clearly stepping in.
The important zone now is $0.12. As long as OP holds above this area the momentum could continue.
🎯 First target: $0.13 🚀 Next target: $0.143
But RSI is already close to 70 so I wouldn’t blindly chase the pump. A clean breakout or a healthy retest would make the setup much more interesting.
$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. 🚀
$RAY cooling off after a wild run. Price tripled from $0.53 to a high of $1.79 in a few weeks, now pulling back hard to $1.2673, down 8% today after getting rejected at the top.
Classic blow off top candle right after the peak. Bollinger Bands show price falling back from the upper band toward the mid band near $1.09. MACD momentum is fading and KDJ already flipped bearish, so short term trend has turned down.
Big picture is still bullish since price is way above the moving averages, but this looks like a healthy reset after a parabolic move. Watching $1.09 as the next support level.
$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.
Chainlink has made a strong move higher and is now consolidating around $12.3 after breaking out from the lower range.
Price is still holding above the Bollinger middle band around $11.40, which keeps the bigger picture bullish. The main level to watch now is $12.60. A clean breakout above that area with strong volume could open the door toward $13.50+.
At the same time, MACD momentum is cooling slightly, so I’d avoid chasing and wait for confirmation.
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.
ONDO is trading around $0.356, right near the Bollinger middle band at $0.357. Price has been moving sideways for a while, but buyers are still defending the $0.34–$0.35 area.
If ONDO can reclaim $0.37–$0.38 with good volume, the next levels I’m watching are around $0.393 and potentially $0.43.
On the downside, losing $0.34 could send price back toward the $0.32 support area.
Overall, I’m watching for a breakout rather than chasing the current range. 📈
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$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. 📈
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Price is holding around $0.745 and has managed to stay above the Bollinger middle band near $0.732. MACD is also showing positive momentum while volume has picked up after the recent move.
The key level to watch now is $0.767. A strong daily close above this area could open the way toward $0.80 then $0.85 and potentially $0.94.
For me $0.72 to $0.75 is an interesting zone to watch for a long setup.
Entry: $0.72 to $0.75 Confirmation: Break and close above $0.767 TP: $0.80 $0.85 $0.94 SL: $0.70
If $0.70 breaks with strong selling pressure I would stay away from longs because $0.635 could come back into play.