Daily Chart Analysis Archives - Coin Engineer

Bitcoin Dominance at a Critical Level!

Yigit Taha OZTURK — Wed, 19 Mar 2025 14:00:13 +0000

Bitcoin dominance continues to play a decisive role in market trends. Currently testing a key support at the bullish FVG zone, a daily close below this level could signal further decline in dominance.

The first support target is 60.93%, with a stronger level at 60.20%.
A drop in dominance typically signals capital rotation into Ethereum (ETH) and altcoins, fueling potential rallies in these assets.

If dominance falls towards the 60.20% support, we may see a stronger altseason emerge.

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Ethereum could push beyond $2,300, potentially testing $2,500 levels if bullish momentum accelerates.
Major altcoins could experience gains ranging from 10% to 30%, especially projects within Layer-1 ecosystems, AI-focused coins, and DeFi tokens.

BTC.D daily chart.

Alternative Scenario

If the FVG support zone holds and dominance climbs back to 62.26%:

Bitcoin strengthens as the dominant force in the market.
Altcoins may face selling pressure, and ETH/BTC pairs could weaken.
Capital likely flows back to BTC, reducing altcoin gains.

Bitcoin dominance will shape the next moves for Ethereum and altcoins. Monitoring key support and resistance levels is crucial for building strategies in the coming weeks.

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TON at a Critical Zone! Will the Uptrend Continue?

Yigit Taha OZTURK — Tue, 18 Mar 2025 15:30:52 +0000

One of the standout projects in the crypto market, TON (The Open Network), is currently trading in a critical zone on the daily chart. The price is approaching a long-standing descending trendline. If this trendline is broken to the upside, a strong bullish move could be expected in the TON price.

First Target: $3.91! Then Eyes on the $4.50 Levels

If the trendline breakout occurs, the price is likely to move first towards the $3.91 level. This area has historically acted as a significant resistance zone.

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Should TON manage to surpass $3.91, the rally may gain momentum and extend towards the $4.50 levels. This level stands out as a key resistance area that short-term investors will be closely monitoring.

Pullback Scenario: The $3 Support Zone Is Critical!

However, if the price gets rejected from the descending trendline and fails to sustain its upward move, a correction towards the FVG (Fair Value Gap) zone formed during the recent uptrend is expected. The $3 support located in this area is extremely critical for TON.

If the $3 support fails, there is a possibility of a deeper correction down to the $2.50 levels. Therefore, investors are advised to closely watch this key support zone.

TON/USDT daily chart.

The post TON at a Critical Zone! Will the Uptrend Continue? appeared first on Coin Engineer.

Solana in Support Zone: Can It Rise Again?

Yigit Taha OZTURK — Mon, 17 Mar 2025 14:30:15 +0000

Solana (SOL), after receiving support at the $110 level on the daily chart, managed to break through the 126$ – 120$ resistance zone and rose to the downward FVG (Fair Value Gap) region.

Positive Reaction from Support!

SOL gained traction from the $110 support level and broke through key resistance areas, showing a strong short-term rally. However, it faced some selling pressure at the downward FVG region, leading to a brief rejection. For now, the price seems to be receiving positive reactions from this region.

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Key Levels to Watch

If Solana successfully breaks above the downward FVG zone, we could see a move toward the $150 level. Achieving this level would significantly strengthen the trend.
However, if the support fails and the price moves downward, a retracement back to the $110 level could be seen. In this case, a further decline may follow.

SOL/USDT daily chart.

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FET Rebounds From Support Zone! What Are the Targets?

Yigit Taha OZTURK — Wed, 12 Mar 2025 13:00:27 +0000

As volatility persists in the crypto market, Fetch.AI (FET) recorded a 7% rebound from the $0.46 – $0.42 support zone on the daily chart. This sharp move has attracted short-term buyers, sparking curiosity about whether the price can push higher in the coming days.

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Currently, the downside Fair Value Gap (FVG) zone stands as a critical resistance point. If FET can close above this level, the next downside FVG area may be targeted, potentially fueling further bullish momentum. However, if buyers remain weak and selling pressure increases, a retracement towards the key support zones is possible.

Losing the $0.42 support could intensify the selling pressure, potentially driving the price down to $0.38. If no strong buying interest emerges at this level, further declines may be on the horizon.

FET/USDT daily chart.

The upcoming price action in the FET/USDT pair largely depends on its reaction to the FVG zone. Traders should closely monitor these critical levels for potential opportunities.

The post FET Rebounds From Support Zone! What Are the Targets? appeared first on Coin Engineer.