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Today’s encryption market: failed to recover Dogecoin, TRAP BTC Bull, potential

The encryption market today failed to recover Doug, a potential bull trap where BTC, ETH enters unification

Today, the cryptocurrency market suffers from uncertainty, as Dogecoin (DOGE), BTC and ETHEREUM (ETH) appear as frequency marks, as modern movements highlight potential direction repercussions, failed gatherings, and tightening integration under the main resistance levels.

Although optimism is still between bulls, the wider price procedure indicates that traders move in a complex scene in the market specified through fluctuations, filter imbalances, and a potential conversion in momentum.

Dogecoin liquidation of defect gives tall

Dogecoin faced sharp rejection after an attempt to recover, instead led to a brutal wave of focused candidates in long locations.

according to Coinglass dataDoge Long Traders lost $ 123,000 in just one hour, as prices fell from $ 0.232 to $ 0.2266 amid a sudden transformation in the feelings that surprised the bullish participants.

The acute liquidation created a 200 % amazing defect, highlighting the fragility of the M -currency support as it tried to build a momentum over a previous swing.

Although the price has been a little recovered to $ 0.2268, this step does not do much to restore confidence, especially since the trading volume decreased by 0.9 % to settle at $ 1.32 billion.

The narrow range has become between $ 0.2200 and 0.2300 dollars, a DOGE unification zone, and while it indicates that the market settles, it also indicates that there is no frequency among merchants.

Unless the price can maintain nearby 0.2255 dollars with a high volume, the possibility of a meaningful outbreak remains low, while maintaining a short -term downward pressure.

Moreover, the wider market trend – especially the current fluctuations of Bitcoin – affects the DOGE morale, with the opposite of the MEME code the largest liquidation patterns seen across the main encryption assets.

Market analysts look forward to the level of resistance of $ 0.27 as a main pivotal point, with a decisive step higher than that threshold required to verify the validity of any continuous upcoming upcoming reflection.

Bitcoin declines as analysts discuss Bull Trap and New Time High

Bitcoin fell to less than 109,000 dollars after it got the highest new level ever of $ 111,800 last week, which raised questions about the sustainability of her latter gathering.

The proliferation of 3 % has indicated a division between market analysts, as some explain the decline as healthy unification, while others warn of the potential bull trap in the upper part.

The artistic experts are still firmly, referring to the rare appearance of a golden cross over the higher time frames – a historical indication of the heads of the upper direction in Bitcoin.

He highlighted that the previous Golden Cross signals, such as those in October 2023 and October 2024, have led to gains of 170 % and 73 %, respectively, with the latest signal targeting $ 113,000 in the short term.

However, the contradictory view comes from Analyst Cameron FosWhich warns that bitcoin may already be at its peak, which leads to comparisons with the historical market peaks that are followed by high decline.

Fous pointed out that division below the moving average for a period of 50 days can indicate the reflection of the early direction, especially if the current monotheism lacks the sound level to support another leg.

Despite his cautious outlook, he acknowledged that BTC can still see the price height of about $ 130,000 or even 200,000 dollars in the short term, provided that the upward conditions continue.

In addition to the complexity is the continuation of the accumulation of Bitcoin by the old institutional players such as the former Microstrategy, which recently made another purchase that contributes to tightening the offer.

ETF flows also remain a decisive variable, as the current capital flows to the Bitcoin investment funds in Bitcoin nine times higher than the bombs of BTC, which enhances the bullish capabilities in the long run.

However, conflicting novels have kept the market in a state of forgetfulness, with a price of a daily chart that shows a slightly lower tightening movement than its highest levels ever.

Ethereum enters monotheism as a bull ophthalmate section

Ethereum is less than a large resistance level at 2700 dollars, as it remained for several weeks while maintaining a continuation of the upcoming upward continuation.

The price structure displays the signs of strength, with the formation of an upward triangle, characterized by the lowest levels indicating that buyers gradually press the market towards collapse.

Despite the recent fluctuations, ETH respected the trend line, and the sellers have repeatedly failed to push the price below critical support levels, which enhances the upward morale in general.

ETHEREUM is the longest inside this structure without crashing, the stronger the foundation for the penetration towards the high price goals, and it may reach $ 4000.

The volume remains a decisive element in this preparation, and while it decreased during the monotheism, this is often explained as a verbal effect before the high collapse.

However, market monitors warn that the attempt to collapse without enough size may lead to a bull trap, which reflects the risks noted in the last bitcoin behavior.

What makes the current configuration is the lack of hypocrical references, indicating that the ETHEREUM direction is probably and possible accumulation under resistance.

As ETH continues to spread higher and lower levels, the possibility of a constant crowd increases, provided that the collapse is accompanied by a strong purchase activity.

If the momentum is accelerating over $ 2700, Ethereum may enter the stage of discovering prices, with limited resistance forward and historical precedence that supports the possibility of rapid expansion.

Post -encryption market: Dogoin Recovery, BTC Bull TRAP first appeared on Invezz

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