Altcoin Insights Archives - Coin Engineer

Celestia Faces Critical Zone As Price Tests Key Support

Yigit Taha OZTURK — Tue, 01 Jul 2025 13:30:51 +0000

As crypto market volatility picks up once again, price movements in certain altcoins are beginning to draw serious attention. One such project, Celestia, has seen notable declines recently, putting it back under investors’ radar. The big question: is this just a correction or the start of a deeper downtrend?

Key Support Zone Under Pressure

Recent data shows that the price of TIA has dropped into the $1.38 to $1.31 support range. This area is highly significant from a technical perspective. A breakdown below this level could lead to new lows for TIA, especially if selling pressure intensifies and trading volumes remain weak. Market watchers would do well to keep a close eye on this level in the days ahead.

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Upside Potential If Resistance Breaks

Not all hope is lost, however. Should the descending trendline break to the upside, TIA could target its next resistance between $1.68 and $1.62. A successful move beyond this range may re-energize bullish sentiment and push the price higher. For short-term traders, this breakout could offer a fresh opportunity.

What happens next for Celestia within this narrowing range will likely determine the near-term trajectory. While indicators remain mixed, this zone could offer critical trading opportunities for both bulls and bears.

TIA/USDT pair 4-hour chart.

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The post Celestia Faces Critical Zone As Price Tests Key Support appeared first on Coin Engineer.

ATOM Breaks Downward Trend: Will It Rise?

Yigit Taha OZTURK — Tue, 18 Mar 2025 16:00:54 +0000

ATOM, one of the popular layer-1 blockchains, is back on investors’ watchlists. Especially on the 4-hour chart, the recent close above the descending trendline has provided a short-term optimistic outlook. However, the price has currently pulled back after facing rejection from the bearish FVG (Fair Value Gap) zone. This indicates that bears are still active in the market.

What Are the Target Zones?

If ATOM finds strong support in its current region and manages to break through the FVG zone, a sharp upside move is expected. In this scenario, the price has the potential to rise towards the $4.95 level in the short term. This resistance zone is a significant target for short-term traders.

Why Is the FVG Zone Important?

FVG (Fair Value Gap) zones represent gaps in the price where the market previously moved quickly without fully filling the liquidity. Currently, ATOM has faced rejection from this zone, resulting in renewed selling pressure. Breaking through the FVG zone would be a strong signal indicating that the market momentum has shifted in favor of the bulls.

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On the other hand, if the price re-enters the descending trendline, the $4.50 level will act as the first strong support zone. If this level is lost, traders should be cautious about the potential for a deeper pullback.

ATOM/USDT 4-hour chart.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post ATOM Breaks Downward Trend: Will It Rise? appeared first on Coin Engineer.

CAKE in Critical Zone: Will the Downtrend Be Broken?

Yigit Taha OZTURK — Fri, 14 Mar 2025 13:00:55 +0000

CAKE continues to move within a descending trend line on the 4-hour chart. With recent volatility in the crypto market, investors are closely watching CAKE‘s price action. Reaching key levels, CAKE appears to be at a decision point that could determine its next direction.

Currently, CAKE is trading around $1.60, positioned close to its descending trend line. If CAKE manages to break above this trend and pushes past the $1.68 resistance level, a strong upward move could be initiated. Breaking through $1.68 would set the next target at $1.80, a level that has previously acted as a significant resistance. Should CAKE sustain a move above $1.80, the next upside target would be in the $2.00 range, potentially triggering further bullish momentum.

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On the other hand, failure to break the descending trend and renewed selling pressure could expose CAKE to downside risks. The first key support level to watch is at $1.56. If this level fails to hold, the price could retreat toward the next major support zone at $1.45. The $1.45 area is expected to attract buyers and may act as a critical defense level.

CAKE/USDT pair 4-hour chart.

At this stage, CAKE presents potential opportunities for short-term traders. Both bullish and bearish scenarios hinge on how the price behaves at these critical zones. Investors are advised to closely monitor these support and resistance areas before making trading decisions.

The post CAKE in Critical Zone: Will the Downtrend Be Broken? appeared first on Coin Engineer.