breakout Archives - Coin Engineer

Bitcoin At A Crucial Threshold: New All-Time High On The Horizon?

Yigit Taha OZTURK — Tue, 20 May 2025 13:30:13 +0000

The crypto market is on edge as all eyes turn to Bitcoin. Investors are closely watching for any sign of a decisive move, and the past 24 hours have brought renewed excitement.

BTC has once again tested the key resistance level at 106,506$, but has yet to deliver a clear breakout. Without sustained movement above this point, hopes for a new ATH (All-Time High) remain on hold.

Direction In Focus: Key Levels Revealed

Analysts suggest that a confirmed breakout above 106,506$ could ignite a strong bullish momentum in the market. This price level also holds psychological importance for many traders.

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However, in case of a downward move, the support range between 102,495$ – 101,666$ will be crucial. A drop below this area could trigger increased selling pressure, potentially pushing the price down to the 98,774$ – 97,494$ band.

BTC/USDT pair 4-hour chart.

New Highs Or Deeper Corrections?

Now is a decisive moment for investors. A breakout could open the path to fresh record highs, while a failure to hold key supports might lead to a corrective phase. The coming days will be pivotal for Bitcoin’s next move.

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The post Bitcoin At A Crucial Threshold: New All-Time High On The Horizon? appeared first on Coin Engineer.

APT Eyes $6 as It Approaches Key Resistance

Yigit Taha OZTURK — Thu, 01 May 2025 11:00:55 +0000

APT continues to hold its upward trend on the 4-hour chart, drawing the attention of traders looking for strong momentum plays. The asset has been steadily moving upward and is now testing a key resistance level at $5.46.

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If $5.46 is broken with strong buying volume, the next target will be $5.61. A clean break above that zone could open the door for a rally toward the $6 level — a psychological and technical target that may trigger further bullish sentiment.

Support Levels to Watch

In case of a downward break below the trendline, the nearest support area will be the bullish Fair Value Gap (FVG) zone. This level could provide a strong base for a rebound if the price retraces.

APT/USDT pair 4-hour chart.

How APT reacts at these resistance and support zones will help define its next directional move. Traders should watch for volume confirmation to assess the strength of any breakout or breakdown.

The post APT Eyes $6 as It Approaches Key Resistance appeared first on Coin Engineer.

Ethereum Tests $1,821 Resistance: Breakout or Breakdown Ahead?

Yigit Taha OZTURK — Thu, 01 May 2025 09:00:59 +0000

Ethereum (ETH) has been trading sideways for a while and is currently hovering just below the $1,821 resistance zone. This price level has become a major point of interest for traders, especially as volatility has decreased and ETH’s range has tightened — often a precursor to a significant move.

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If $1,821 is breached with strong volume, the next immediate target will be $1,870. A breakout to this level could indicate the beginning of a bullish continuation, providing a setup for higher short-term highs if momentum builds.

Watch These Support Levels

On the flip side, a rejection from the $1,821 resistance would put $1,745 in focus as the first nearby support. Should ETH lose that level as well, downside pressure could push the price further down toward $1,655, another notable support area. Weak volume and market uncertainty could contribute to such a retracement.

ETH/USDT pair 4-hour chart.

Traders are advised to closely watch price action and trading volume at these key levels to determine Ethereum’s next move.

The post Ethereum Tests $1,821 Resistance: Breakout or Breakdown Ahead? appeared first on Coin Engineer.

Bitcoin Rejected at $95,632: Is a Pullback to $86,600 on the Horizon?

Yigit Taha OZTURK — Wed, 30 Apr 2025 15:00:27 +0000

Bitcoin faced a strong rejection at the $95,632 resistance level, triggering a price pullback amid selling pressure. This level has emerged as a key short-term resistance zone, where increased sell orders have pushed the price downward. The rejection came with notable trading volume, indicating short-term profit-taking by investors.

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In the case of a continued retracement, the first major support is expected around the Fair Value Gap (FVG) zone — a region often filled by buy-side orders. If this area fails to hold, the price could potentially fall further toward the next support at $86,600.

What If the Resistance Breaks?

On the flip side, if $95,632 is broken with strong volume, the next psychological and technical target will be the $100,000 level. This area represents not only a round-number milestone but also a zone likely to attract media and investor attention. A convincing breakout could accelerate bullish momentum significantly.

BTC/USD pair daily chart.

Traders should remain cautious and closely monitor volume and price action at these key levels. In volatile markets, technical thresholds often act as decision points for both institutional and retail players.

The post Bitcoin Rejected at $95,632: Is a Pullback to $86,600 on the Horizon? appeared first on Coin Engineer.

Ethereum Technical Analysis: Rising Trend on the 4-Hour Chart!

Yigit Taha OZTURK — Mon, 17 Feb 2025 16:30:07 +0000

Ethereum is currently forming a minor uptrend on the 4-hour chart, and its price movements signal potential new highs. A closing above $2800 could create a positive market sentiment. As the price moves above this level, the formation of an upward Fair Value Gap (FVG) could become a key level for traders to monitor. A test of this region and a healthy closure at this level could drive Ethereum into a stronger upward trend.

Key Resistance Levels to Watch

The first resistance level to watch is the previously tested downward FVG. This is a region where the price retraced before moving upward. If it is retested, there is an increased likelihood of encountering resistance at this level. This region should be closely observed by traders as the first critical level to act on.

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The second resistance is located at an untested upward FVG at higher levels. Since this level has not been tested before, the price could potentially move towards it and face significant resistance. Traders should closely monitor movements towards this zone.

Breaking $3050 Could Trigger a Rise to $3250!

If the price breaks above $3050, it could trigger a larger rally for Ethereum. Breaking this level could push the price towards $3250 and potentially higher. A breakout at these levels could lead to Ethereum testing new highs and attracting more investor interest.

Traders should pay close attention to Ethereum’s performance above these levels. For the rally to continue, it is crucial that the price remains above $2800. Any FVGs formed at this level could present significant opportunities for traders looking to take long positions.

The post Ethereum Technical Analysis: Rising Trend on the 4-Hour Chart! appeared first on Coin Engineer.

Solana Enters Re-Accumulation Phase After Strong Rally!

Yigit Taha OZTURK — Mon, 17 Feb 2025 09:30:41 +0000

Solana (SOL) has recently experienced an impressive upward movement. However, in order to maintain this momentum, critical levels must be preserved. Currently, Solana is consolidating within a range, entering a re-accumulation phase.

Will a Liquidity Grab Occur?

In our previous Solana analysis, we mentioned that there could be deviations below the ascending trendline on the daily chart. These deviations are often aimed at collecting liquidity below. On the 4-hour chart, the $175 and $168 levels are key liquidity zones, and we could see price reversals from these areas.

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If the price moves towards the lower regions of the accumulation zone, potential manipulation moves could occur. However, if the price reclaims the accumulation box, it could create long trade opportunities. Therefore, traders should closely monitor these critical levels.

The post Solana Enters Re-Accumulation Phase After Strong Rally! appeared first on Coin Engineer.

XRP Rallies 20% After SEC Legal Victory: Potential Breakout Ahead

admin — Fri, 09 Aug 2024 07:00:34 +0000

The long-awaited SEC vs. Ripple lawsuit has concluded with a partial win for Ripple. The cryptocurrency firm was ordered to pay a $125 million fine for selling XRP to institutional investors, but the court also ruled that XRP is not a security in most circumstances.

Following the news, XRP’s price surged over 20%, breaking above the crucial $0.60 level. Technical analysis suggests that XRP is poised for a potential breakout from a long-term symmetrical triangle pattern.

XRP Price Analysis

A symmetrical triangle pattern has formed on XRP’s weekly chart, suggesting a period of consolidation before a significant price move. The recent bounce off the support trendline of the triangle, coupled with bullish candlestick patterns and positive RSI and MACD readings, indicates a potential upward breakout.

If XRP successfully breaks out of the triangle, price targets of $0.95 to $1.02 are possible based on both wave count analysis and the height of the triangle itself.

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