Bitcoin Impact Archives - Coin Engineer

XRP Uptrend Broken! Where Is the Support Zone?

Yigit Taha OZTURK — Fri, 28 Mar 2025 12:30:30 +0000

As cryptocurrency market fluctuations continue, XRP is experiencing sharp movements. After breaking the minor uptrend, XRP saw a significant decline, dropping to the $2.22 support level. While it seems to have bounced slightly from this level, the overall market structure suggests that the downtrend may continue.

Key Support and Resistance Levels

From a technical analysis perspective, if the $2.22 level is breached, the price is expected to decline further toward the next support at $2.13. This zone forms a strong support area in the short term. However, if this level is also broken, XRP may face even larger losses.

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On the other hand, if the price moves upward again, downward FVG (Fair Value Gap) areas will act as key resistance levels. Breaking these resistances could help XRP recover. However, given the ongoing market uncertainty, caution is advised.

XRP/USDT pair 4-hour chart.

Bitcoin’s Movement Could Impact XRP!

The primary determining factor in the market remains Bitcoin’s price action. If Bitcoin’s decline deepens, the selling pressure on XRP may also increase. This situation calls for extra caution from investors.

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TOTAL3 at a Critical Support Level: Are Altcoins at Risk?

Yigit Taha OZTURK — Fri, 28 Mar 2025 11:30:02 +0000

The total altcoin market capitalization (TOTAL3) continues its downward movement within a falling trend. Currently, TOTAL3 has dropped to $784 billion, a crucial support level. If this level is breached, a further decline toward $700 billion could occur, leading to sharp losses in the altcoin market.

The weakness in Bitcoin and Ethereum, along with the overall selling pressure in the market, suggests that TOTAL3 might extend its downtrend.

Why Is TOTAL3 Dropping?

Several key factors are driving the decline in the altcoin market:

Bitcoin Weakness: BTC’s ongoing downtrend is negatively affecting altcoins, causing investors to move liquidity into BTC or stablecoins.
Sustained Downtrend: TOTAL3 has been in a falling trend for an extended period, and without a strong breakout, further declines are possible.
Liquidity Issues: Low-volume trades and large sell orders are putting additional pressure on altcoin prices.

These factors combined suggest that TOTAL3 may continue its decline, and altcoins could face further losses.

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What Happens if the $784 Billion Support Breaks?

TOTAL3’s $784 billion level is currently the most critical support zone. If it fails to hold, the altcoin market may experience increased selling pressure.

Key levels to watch:

$784 billion → A crucial support area; losing this level could accelerate the downtrend.
$700 billion → A further drop could lead to a widespread sell-off in altcoins.

If TOTAL3 falls below these levels, many altcoins could hit new lows. Additionally, Bitcoin’s movement will play a crucial role in determining the direction of the altcoin market.

TOTAL3 daily chart.

What Is Needed for an Altcoin Market Recovery?

For the altcoin market to recover, several conditions must be met:

Bitcoin needs to stabilize: A BTC uptrend is crucial for altcoins to regain momentum.
Liquidity must increase: A renewed interest from investors and higher trading volumes are necessary.
Downtrend breakout: If TOTAL3 surpasses $900 billion, breaking above the falling trend, it could trigger a new bullish phase for altcoins.

Currently, the market outlook remains bearish, and investors should closely monitor the $784 billion support level to assess the next move.

The post TOTAL3 at a Critical Support Level: Are Altcoins at Risk? appeared first on Coin Engineer.

Cardano (ADA) at a Critical Level: Will the Uptrend Continue?

Yigit Taha OZTURK — Fri, 21 Mar 2025 11:00:21 +0000

As uncertainty lingers in the crypto market, investors are closely watching Cardano (ADA) for signs of its next move. Recent volatility has made it difficult for altcoins to break through key resistance levels. ADA, in particular, has dropped back into a critical support zone, signaling an important decision point.

On the daily chart, ADA has retraced into a bullish Fair Value Gap (FVG) zone. While it has reacted from this level, it continues to face strong resistance at $0.76. This level has rejected multiple attempts at a breakout, increasing selling pressure. So, what’s next for ADA?

Key Price Levels for Cardano (ADA)

Technical indicators suggest that ADA is currently in an accumulation phase at this range. If it successfully breaks above $0.76, an upward move towards $0.82 could follow. However, failure to clear this resistance might expose ADA to a potential retracement down to $0.60.

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Additionally, Bitcoin’s price movement remains a major factor influencing the altcoin market. If Bitcoin stays strong, ADA and other major altcoins could gain bullish momentum. However, if the market trends downward, ADA may revisit the $0.60 support level.

ADA/USDT daily chart.

What’s Next for Cardano?

The crypto market has always been highly volatile, and ADA’s current price action presents both opportunities and risks for investors. For short-term traders, breaking $0.76 could serve as a key bullish confirmation. Long-term investors, on the other hand, will look at ADA’s development progress, ecosystem growth, and overall market sentiment.

In the coming days, ADA’s reaction at these critical levels will provide insight into the broader market direction. Investors should closely monitor price movements and adjust their strategies accordingly.

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APT at Critical Support: Closing Below $5.50 Could Be Risky

Yigit Taha OZTURK — Tue, 04 Mar 2025 16:30:34 +0000

After breaking the downtrend identified in the previous analysis, APT climbed to the bearish FVG (Fair Value Gap) zone. However, it faced two strong rejections from this level and has now retreated to a critical support zone. A 4-hour close below $5.50 could push the price down to $5, making caution advisable for traders.

From a technical perspective, APT’s price action remains uncertain. If it manages to hold above $5.50, bulls may regain control and drive the price higher. However, if this support is lost, downward momentum could accelerate, leading to a potential drop towards $5.

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Indicators suggest weakening momentum, with decreasing volume and bearish signals. The RSI (Relative Strength Index) is approaching neutral levels, while the MACD indicator is flashing a sell signal. This indicates that selling pressure may persist in the short term. However, if strong buying support emerges at this level, APT could rebound and target the $5.80 – $6.00 range.

Traders should closely monitor whether APT can hold above $5.50. If this level is lost, $5.20 and subsequently $5.00 will be key support levels to watch.

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Ethereum Price Analysis: Key Levels and Market Expectations

Yigit Taha OZTURK — Mon, 03 Mar 2025 12:30:37 +0000

Ethereum (ETH) recently bounced strongly from the $2,108 support level, initiating an upward movement. However, during this recovery, the price faced resistance at the bearish FVG zone and experienced a pullback. Just above this resistance lies the $2,811 level. If Ethereum successfully breaks through this resistance, the price could target the $3,000 levels.

On the other hand, if Ethereum fails to sustain upward momentum and gets rejected from these resistance levels, a potential pullback towards the $2,108 support level could occur. If this support is lost, the price may decline further towards the $2,000 range.

ETH/USDT daily chart.

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The overall market direction will become clearer based on how Ethereum reacts to these key support and resistance levels. Investors should closely monitor volume movements and broader market trends.

Ethereum’s short-term movements are also highly influenced by Bitcoin’s price action. Therefore, the overall trend in the crypto market and global economic developments will continue to play a crucial role in ETH’s price trajectory. Particularly, upcoming Ethereum upgrades and macroeconomic factors will remain key drivers of Ethereum’s direction.

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