bearish scenario Archives - Coin Engineer

Bitcoin Cash (BCH) Technical Analysis: Downtrend Continues!

Yigit Taha OZTURK — Tue, 15 Apr 2025 12:30:11 +0000

Bitcoin Cash (BCH) continues to follow its downward trendline on the daily chart. The price has once again faced rejection from the descending trend and pulled back into a bullish Fair Value Gap (FVG) — a critical support zone.

Key Support: Bullish FVG Area

This support zone acts as an area of previously inefficient price action, where buyers may potentially step in. If this zone is lost to the downside, the next major support lies at $271, which aligns with historical reaction levels.

Breakout Scenario

If BCH receives a bullish reaction from this zone and manages to break the downtrend with strong volume, the first target will be $418 — a significant pivot zone that has acted as support/resistance in the past.

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A sustained move above $418 would open the door toward the next key resistance at $452, which has historically triggered major sell-offs.

BCH/USDT pair daily chart.

BCH is currently trading at a pivotal technical zone. A breakdown could lead to further correction toward $271, while a breakout may initiate a trend reversal toward higher resistance levels. Traders should stay alert and prioritize risk management.

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The post Bitcoin Cash (BCH) Technical Analysis: Downtrend Continues! appeared first on Coin Engineer.

Wormhole (W) at Critical Support! Will the Downtrend Continue?

Yigit Taha OZTURK — Wed, 02 Apr 2025 14:00:57 +0000

Wormhole (W) remains in a downtrend on the daily chart, currently holding at a crucial support level. If this support is lost, the price could drop further to $0.05.

Bearish Scenario

If daily closes occur below the current support, Wormhole could see extended losses.
$0.05 remains the key support level to watch.

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Bullish Scenario

A breakout from the downtrend could push Wormhole toward the bearish FVG zone.
If the FVG zone is broken, the next resistance will be at $0.133.

W/USDT pair daily chart.

Wormhole is at a critical decision point! Stay tuned for real-time updates and market insights.

The post Wormhole (W) at Critical Support! Will the Downtrend Continue? appeared first on Coin Engineer.

SUI at Critical Resistance! Will the Uptrend Continue?

Yigit Taha OZTURK — Wed, 02 Apr 2025 13:30:30 +0000

SUI broke its 4-hour downtrend, rallying up to $2.83. However, it is now struggling at $2.53 resistance. If price secures a breakout above this level, the next resistance will be the bearish FVG zone. A further breakout could push the price back to $2.83 levels.

Bearish Scenario

On the other hand, if SUI fails to break through, it may drop toward the bullish FVG zone. Losing this support could lead the price down to $2.18.

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Key Levels for SUI

Resistance: $2.53 – A breakout could accelerate gains.
Support: $2.18 – Losing this level may trigger further declines.

SUI/USDT pair 4-hour chart.

SUI is at a crucial juncture! Stay tuned for market updates and technical insights.

The post SUI at Critical Resistance! Will the Uptrend Continue? appeared first on Coin Engineer.

Pi Coin Approaches Critical Regions! Will It Rise Again?

Yigit Taha OZTURK — Fri, 14 Mar 2025 10:56:54 +0000

Pi Coin, one of the notable projects in the cryptocurrency market, has once again drawn investor attention with its recent price movements. Technical formations on the 4-hour chart suggest both bullish and bearish scenarios that are worth monitoring in the short term.

Pi Coin Technical Outlook and Critical Levels

Pi Coin is currently undergoing a pullback towards the bullish Fair Value Gap (FVG) area that was formed during its last upward move. This region stands out as a key support zone where the price may find buying interest. If Pi Coin can hold this bullish FVG support, it could regain upward momentum and attempt to break through its immediate resistance levels.

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The $1.98 – $2.00 resistance zone is the first major barrier that the price needs to overcome. A successful breakout above this level could open the door for a move towards the higher bearish FVG zone, which would likely bring stronger buying momentum in the short term.

On the downside, if Pi Coin loses its current bullish FVG support, there is an increased risk of a decline towards the $1.28 – $1.25 support range. This area is considered a critical level where the price could attempt to stabilize and find new demand.

In the broader market context, Pi Coin’s price movements are influenced by major cryptocurrencies like Bitcoin and Ethereum. Therefore, investors should pay attention not only to technical levels but also to overall market sentiment and conditions.

PI/USDT 4-hour chart.

Price behavior around the FVG zones will be crucial for determining Pi Coin’s short- and medium-term trend. Changes in trading volume during support and resistance tests can provide important signals regarding the direction of the next move.

The post Pi Coin Approaches Critical Regions! Will It Rise Again? appeared first on Coin Engineer.