crypto trend analysis Archives - Coin Engineer

AVAX Tests Key Support As Uptrend Breaks – What’s Next?

Yigit Taha OZTURK — Fri, 30 May 2025 14:30:25 +0000

In the midst of ongoing market volatility, AVAX has shown signs of weakness after losing its short-term uptrend. The price action on the 4-hour chart now points to a crucial support test that may determine the next directional move.

Trend Break Sends AVAX Toward Key Support Level

After breaking below the rising trendline on the 4-hour timeframe, AVAX slipped to test the 21.29$ support level. Although some buying activity emerged at this zone, the price hasn’t yet re-entered the lost trend channel.

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If 21.29$ is broken with a 4-hour candle close, the next major support level to watch lies at 19.35$. Such a move could reinforce the bearish momentum and lead to further downside in the short term.

Retesting the Broken Trendline as Resistance

On the flip side, if AVAX continues to hold above 21.29$ and bounces from this level, the previously lost trendline will now act as a resistance. Reclaiming that level would be a signal of strength and could pave the way for a short-term recovery.

AVAX/USDT pair 4-hour chart.

Traders should monitor volume levels and 4-hour candle closures around this zone to better interpret whether the market favors continuation or reversal.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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CRV at a Turning Point: Will the Downtrend Break?

Yigit Taha OZTURK — Thu, 10 Apr 2025 17:00:06 +0000

CRV is currently trading at a highly critical level. On the daily chart, it is approaching the descending trendline that has acted as resistance for a significant time. If this trendline is broken with strong volume, the initial target would be $0.60, a major technical and psychological resistance level.

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.

CRV/USDT pair daily chart.

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.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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BNB Surges from $524 Support: Will the Downtrend Resistance Break?

Yigit Taha OZTURK — Thu, 10 Apr 2025 16:30:18 +0000

BNB recently bounced strongly from the $524 support zone — a level where buyers have previously shown interest. This key support helped initiate a sharp upward move, pushing the price into the bearish FVG (Fair Value Gap) zone. As a result, BNB is now testing an important resistance that may define its short-term trend.

FVG Zone and Critical Resistance

Currently, BNB is trading within the FVG zone. If this area is broken with a strong close and solid volume, the next major target will be the long-standing downtrend resistance. This level marks a turning point for BNB, and a breakout could renew market confidence while sparking a new wave of buying activity.

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What If Rejection Occurs?

However, if BNB gets rejected from the FVG zone, a pullback toward the $530 – $524 range is likely. This area now serves as a short-term support zone. A retest of $524 would put the spotlight back on buyers — will they hold the line again, or will bears push the price lower?

BNB/USDT pair daily chart.

In summary, BNB has climbed from $524 and is now facing a major resistance zone. A successful breakout could push the price toward the descending trendline resistance and beyond. However, rejection at this level may lead to another dip back into the $530 – $524 range. As always in the crypto markets, cautious optimism is key.

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NEAR Price Analysis: Downtrend Continues!

Yigit Taha OZTURK — Thu, 03 Apr 2025 14:30:35 +0000

NEAR reacted from the 2.30$ – 2.07$ support zone but faced rejection at the descending trend resistance, continuing its downtrend. The current price movement calls for a reassessment of key support and resistance levels.

Key Levels for NEAR

NEAR is under selling pressure from the descending trend resistance. However, it may bounce back from the 2.30$ – 2.07$ support zone and attempt to retest the trend.

If NEAR breaks the descending trend resistance, the first target will be 3.10$. If this level is secured, the next target will be the downward FVG (Fair Value Gap) region.

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On the other hand, if the support zone is lost, the price may decline toward 1.85$.

Technical Indicators and Market Outlook

Support Levels

2.30$ – 2.07$: The primary support zone, where price reaction will determine the next movement.
1.85$: The next key level to watch in case of a breakdown.

Resistance Levels

Descending Trend Resistance: The most crucial level NEAR needs to break for an upward move.
3.10$: The first target if the trend breaks.
FVG Zone: The upper resistance area if the price continues rising.

NEAR/USDT pair daily chart.

NEAR’s price movement will largely depend on its reaction to the 2.07$ support level. If this zone holds and a breakout occurs, 3.10$ becomes the next key target. However, if support is lost, a decline to 1.85$ may follow.

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Bitcoin and Ethereum Trade in Critical Zones: Which Way?

Yigit Taha OZTURK — Wed, 19 Mar 2025 13:00:35 +0000

Volatility continues in the cryptocurrency market. Both Bitcoin and Ethereum are moving around key support and resistance zones, drawing the attention of investors. Technical indicators and price formations suggest that critical breakouts may be imminent.

Bitcoin (BTC) Technical Analysis

On the daily chart, Bitcoin continues to fluctuate within the bearish FVG zone identified in previous analyses. The lack of a clear rejection signal from this region indicates that traders considering long positions should exercise caution.

If the price breaks above this area, the target level is 86,600 dollars.
Conversely, if selling pressure increases, the first support level to watch will be 80,038 dollars, coinciding with the bullish FVG zone, which could serve as a potential recovery point.

BTC/USD daily chart.

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Ethereum (ETH) Technical Analysis

Ethereum is attempting to hold the support zone we highlighted in previous analyses. Consistent daily closes above this level could open the path toward 2,108 dollars.

If 2,108 dollars is reclaimed, we may witness a swift move toward the 2,200 – 2,300 dollar range.
However, if support fails and downward pressure persists, the price could decline back to 1,745 dollars, representing the next major support zone.

ETH/USDT 4-hour chart.

Both Bitcoin and Ethereum are trading at significant price levels. Movements within FVG zones and key support-resistance areas will determine the short-term market direction. Monitoring closing prices and trading volumes is essential for informed decision-making.

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BNX Gained Hugely! Is a Correction Imminent?

Yigit Taha OZTURK — Mon, 17 Mar 2025 13:30:17 +0000

Since our previous analysis, BNX has managed to close a daily candle above the upper bearish FVG (Fair Value Gap) zone. Following this move, the price made a retest of this region and wicked up to the $2.00 level. After this rise, BNX is now attempting to stabilize at key levels.

Current BNX Price Action

At the moment, the $1.70 level stands out as a significant short-term support zone for BNX. If the price manages to hold daily closes above $1.70, it would be a positive sign for the continuation of the uptrend. In such a scenario, we may see another move towards the $2.00 resistance area.

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However, if BNX closes below the $1.70 level on the daily timeframe, it could indicate a bearish shift in the short term. This might lead to a further retracement towards the $1.60 support zone.

Possible Scenarios

If BNX holds above $1.70: The uptrend may continue, with the next target being the $2.00 resistance region.
If BNX closes below $1.70: We might see a pullback towards the $1.60 support level. This area could be monitored for potential buying opportunities.

BNX/USDT daily chart.

In the short term, BNX is consolidating between $1.70 and $2.00 levels. A breakout from this range will provide a clearer directional bias. Traders should closely monitor these critical support and resistance zones for potential short-term opportunities.

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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.

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APT at a Critical Level: Will the Resistance Be Overcome?

Yigit Taha OZTURK — Wed, 12 Mar 2025 13:30:40 +0000

While volatility continues in the cryptocurrency market, APT price movements remain in the spotlight. Especially after the positive ETF news, a short-term upward move was observed in the APT/USDT pair. However, this rally started to face strong resistance at key levels. Let’s take a closer look at the latest developments and the technical outlook.

The Downtrend Was Broken on the 4-Hour Chart!

In recent days, APT managed to break its long-standing downtrend on the 4-hour chart. One of the main factors behind this breakout was the ETF news, which sparked excitement across the markets. Following this development, the price quickly moved upward and drew significant attention from investors.

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However, after the rise, APT faced several rejections from the bearish FVG (Fair Value Gap) zone. This indicates that the price is encountering strong resistance. Currently, the price has formed a new minor downtrend, suggesting that caution is warranted in the short term.

APT/USDT pair 4-hour chart.

Support Level at $5.02 Holds Critical Importance!

At the moment, APT is trying to hold above the $5.02 support zone. This level is a key point that will likely determine the direction in the short term. If the $5.02 support is lost, the next support level to watch will be $4.50. This zone has previously attracted strong buying interest, making it a critical area to monitor.

On the other hand, if the price breaks through the bearish FVG zone, the next resistance level will be at $5.50. A sustained close above $5.50 would signal a complete break of the downtrend. In this scenario, a rapid move toward $6.00 could be expected.

APT Is at a Decision Point!

APT is currently at a decision point and attracting the attention of investors. In the short term, the direction the price will take may also influence the broader market sentiment. Adopting stop-loss strategies and proper risk management will offer a safer approach during uncertain periods like this.

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