35% Rally Following Trend Break

After the breakout, CRV achieved a notable 35% price increase. This bullish momentum helped the price reach our initial target at $0.60, which was clearly identified in the previous analysis.

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Following a successful break above $0.60, the bullish momentum continued, and the price climbed as high as $0.67. However, this level triggered some profit-taking, leading to a short-term pullback.

Current Outlook: $0.60 Is the Key Level

Currently, CRV is attempting to reclaim the $0.60 level. This price zone acts as a critical support/resistance flip level, both technically and psychologically.

• If CRV successfully reclaims and holds above $0.60, the price could resume its upward trajectory toward the $0.67 resistance.
• However, if it fails to maintain this region, a correction down to $0.50 could come into play.

CRV is now at a pivotal zone. The $0.60 level will likely determine the short-term direction of the market. Holding above it could trigger another bullish wave, while a breakdown may open the door to a deeper correction. Traders should consider refining their stop-loss and take-profit strategies based on this critical level.

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FVG Zone as Next Target

If $0.60 is successfully reclaimed and held, CRV may continue its move toward the bearish FVG (Fair Value Gap) zone. This area often represents unfilled liquidity and could act as a magnet for price action.

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Possible Rejection Scenario

However, if CRV fails to break above the trendline and gets rejected, the price may retrace toward the $0.40 region. This level previously acted as support and could once again become a critical area for buyers to step in.

Daily volume is showing a gradual increase. RSI is building upward momentum, while MACD remains neutral. In the coming days, all eyes will be on whether CRV can break this long-standing trendline.

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The post CRV at a Turning Point: Will the Downtrend Break? appeared first on Coin Engineer.

GRT Price Analysis:

While interest in artificial intelligence-based cryptocurrencies is increasing day by day, GRT also offered gains to its investors in its rally. According to CoinMarketCap data, GRT, which has risen over 4 percent in the last 24 hours, is currently trading at $ 0.39.

While the search for direction in GRT will be determined by Bitcoin’s movement, a positive divergence from the market can be seen in this area, with increasing interest in artificial intelligence-based interest and increased investment in this area by institutions. However, the resistance level in GRT appears as the 0.4 and 0.42 dollar band. The support level is 0.36 dollar level.

CRV Price Analysis:

According to TradingView data, CRV, which has risen about 1 percent in the last 24 hours, is currently changing hands at $ 0.67.

While the support level in CRV appears as the $ 0.63 level, the resistance level appears as the $ 0.69 band.

The post What Can Happen on CRV and GRT? appeared first on Coin Engineer.

Bitcoin has witnessed a slight increase, reaching a level of 26,900, but uncertainty regarding its direction continues. In Bitcoin, CPI data and unemployment benefits data may need to be awaited to witness fluctuation. Severe fluctuations can occur in cryptocurrencies. In such cases, it is correct to monitor the market from a distance. The critical support level for Bitcoin is 26,400, and the resistance level is 27,200.

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The Latest Status in Cryptocurrencies – 12 October

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Here are some of the Binance spot trading pairs to be removed:

AAVE/BNB, AERGO/BUSD, AGLD/BTC, ALCX/BTC ,ALGO/BNB, ALGO/ETH, ALPACA/BTC, ALPHA/BTC, BAL/BTC, BICO/BUSD, BNT/BTC, BNX/BNB, BNX/BUSD, C98/BTC, CHESS/BUSD

CLV/BUSD, COS/BNB, CRV/ETH, CTK/BNB, CTK/BTC, DAR/BUSD, DEGO/BTC, DEXE/BUSD, DIA/BUSD, FIL/BNB, FIS/BUSD, FXS/BTC, GLM/BTC, GTC/BUSD, HARD/BUSD, HIGH/BNB, ICX/BTC, ILV/BTC, IOST/BUSD, KDA/BTC, LOKA/BUSD, LTO/BUSD, MBOX/BTC, MINA/BTC, NEO/BNB, OCEAN/BNB, OM/BUSD, PHA/BTC 

There are some important points to note about this change. Binance will also cancel all pending grid orders in the trading pairs mentioned above on 2023-09-29 at 02:00 (UTC). It will also end the Spot Trading Bots service for these trading pairs as of this date.

In addition, Binance users can continue to trade on other spot trading pairs where the service continues. However, this change is significant for users who use the relevant trading pairs.

It is strongly recommended that users adjust their assets and transactions and adapt to this change. Binance is taking these steps in accordance with its terms of use and terms and conditions.

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We observe a sluggish week for Bitcoin, and as we approach the weekend, we notice low volume and consolidation. The price is currently finding support around $26,400 while encountering resistance around $26,600. We might see some pullbacks to the $26,000 levels in the upcoming hours or over the weekend.

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The Latest Status of Cryptocurrencies September 23

‣ Bitcoin (BTC) is trading at $26,598 with a 0.08% decrease in the BTC/USD pair. The resistance levels for BTC are in the range of $26,800 to $28,200, while the support levels are in the range of $25,400 to $25,000.

‣ Ethereum (ETH) is trading at $1,594 with a 0.08% increase in the ETH/USDT pair. The resistance levels for ETH are in the range of $1,694 to $1,731, while the support levels are in the range of $1,550 to $1,465.

‣ StormX (STMX) is trading at $0.0074 with a 12.92% increase in the STMX/USD pair. The resistance levels for STMX are in the range of $0.0077 to $0.0084, while the support levels are in the range of $0.0060 to $0.0051.

‣ Arbitrum (ARB) is trading at $0.83 with a 0.50% decrease in the ARB/USD pair. The resistance levels for ARB are in the range of $0.90 to $0.98, while the support levels are in the range of $0.79 to $0.74.

‣ Curve (CRV) is trading at $0.48 with a 1.36% decrease in the CRV/USD pair. The resistance levels for CRV are in the range of $0.50 to $0.54, while the support levels are in the range of $0.45 to $0.43.

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