Bullish Scenario:

• If GRT breaks the descending trend with strong volume, an upward move could begin.
• The first target would be the bearish FVG zone.
• Holding above this level could signal further gains.

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Bearish Scenario:

• If GRT gets rejected at trend resistance, selling pressure may increase.
• The nearest support level is $0.08.
• Losing this support could push the price down to $0.07.

Key Support and Resistance Levels:

• Main Support: $0.08 – $0.07
• Main Resistance: Descending trendline and FVG zone

High volatility is expected for GRT, making it crucial for traders to monitor key levels closely.

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The post GRT Technical Analysis: The Downward Trend Continues! appeared first on Coin Engineer.

From this level, buying pressure emerged, pushing Bitcoin back up towards the trend resistance. However, strong selling pressure was observed at this level. Based on the current price action of Bitcoin, two main scenarios stand out:

Bullish Scenario:

• If Bitcoin manages to break the current trend resistance with high volume, the uptrend may continue.
• In this case, the first target for Bitcoin would be $86.000.
• A stronger move could push it towards a new all-time high.

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Bearish Scenario:

• If Bitcoin faces rejection at the trend resistance, a pullback is likely.
• In this case, the initial support level to watch would be $83.000.
• If selling pressure intensifies, Bitcoin could revisit $81.000.

Technical indicators suggest high volatility for Bitcoin, meaning that short-term price movements should be carefully monitored. Indicators like RSI, MACD, and volume analysis will be crucial in determining the direction of the next move.

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The post Bitcoin Technical Analysis: Will the Downtrend Be Broken? appeared first on Coin Engineer.

The second season of ZKsync Ignite will not proceed as planned, and the program will be completely discontinued on March 17, 2025. As a result, the reward distributions expected in the sixth and final phase of the program’s first season have also been canceled.

Focus Shifts to Elastic Network Vision

The team highlighted that their long-term goal is now centered around the Elastic Network. This new architecture aims to build an ecosystem of interconnected chains based on Zero Knowledge (ZK) technology. In the statement, they noted, “Focusing our resources on Elastic Network development better aligns with our interoperability vision.”

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ZK Token Faces Major Price Drop

The ZK token had surged to $0.26 in December 2024. However, following the market downturn, the token’s value has decreased by 76%, currently trading at $0.06.

TVL Falls from $270 Million to $139 Million

The Ignite program had initially boosted DeFi Total Value Locked (TVL) to $270 million. However, according to the latest data from DefiLlama, ZKsync’s TVL has dropped to $139 million.

Ignite originally aimed to distribute 300 million ZK tokens over nine months. In its first season, 100 million ZK tokens were allocated to liquidity providers. At launch, these tokens were valued at $21 million, but at current prices, they are worth just $6.8 million.

Beyond ZKsync, the broader crypto market continues to experience a downturn. Bitcoin (BTC) is trading at $83,230, and Ethereum (ETH) at $1,900.

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The post ZKsync Ends Liquidity Program! appeared first on Coin Engineer.

At this stage, the price is locked in a relatively narrow range, and a breakout is necessary for any significant movement in either direction. If AVAX can break above $26.70 with strong volume, it could signal the start of a bullish phase. However, until that happens, investors should be cautious, as the market is showing signs of weakness.

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In terms of support, the critical level to watch is $23.80. This level will act as a line in the sand for any potential downside. If AVAX closes below this support level, it could trigger a further decline, possibly leading the price to test its previous low points, reaching as far down as the last wick.

What’s Next for AVAX?

The key takeaway for investors is to wait for a breakout or a breakdown. In this market, AVAX won’t make significant moves without one of these events. If the price breaks $26.70 and closes with strong volume, it will likely signal a new upward trend. On the flip side, if the price falls below $23.80, it could mean further downside risk for AVAX, potentially reaching the lowest levels in recent weeks.

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The post Critical Moment for AVAX Rise: Will the Bull Trend Begin? appeared first on Coin Engineer.