daily chart Archives - Coin Engineer

Sei Hits Key Resistance: Is A Breakout Imminent?

Yigit Taha OZTURK — Tue, 15 Jul 2025 10:00:23 +0000

While much of the crypto market remains under pressure, certain altcoins are showing signs of strength. Among them, Sei has reached a technically significant zone that could shape its short-term trajectory.

Key Resistance In Focus

On the daily chart, Sei has climbed toward the critical $0.3585 resistance level. This zone has previously acted as a strong rejection point, making its current test especially noteworthy.

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If Sei can break and hold above this level, the next target could be in the $0.4318 – $0.3998 resistance range. This upper zone may attract increased bullish momentum and strengthen the ongoing uptrend.

Support Levels To Watch On Pullbacks

Should the market face renewed selling pressure, a pullback toward the support zone between $0.2994 – $0.2717 may unfold. This area has previously provided a reliable floor during past corrections and may do so again if weakness emerges.

Traders are advised to closely monitor how Sei behaves around these critical levels, as potential breakouts or rejections could define the next major move.

SEI/USDT pair daily chart.

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.

The post Sei Hits Key Resistance: Is A Breakout Imminent? appeared first on Coin Engineer.

Tether Dominance Approaches Critical Support: Market Stuck In Limbo

Yigit Taha OZTURK — Mon, 14 Jul 2025 15:00:54 +0000

The crypto market continues its indecisive course, and the focus has shifted to the Tether Dominance chart. Recent technical movements offer clues about capital flow and market sentiment.

Support Levels Breached, Eyes On The Next Zone

After breaking a minor upward trend on the daily chart, Tether Dominance pulled back to the 4.44% support level. Failing to hold this line, it dropped further into the critical 4.19% – 4.07% range.

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This area is seen as a key psychological zone by many traders. A confirmed break below 4.07% could push Tether Dominance down to 3.95%, which may indicate a stronger capital shift into cryptocurrencies and signal a potential rally.

Range-Bound Movement May Continue

In the short term, Tether Dominance is expected to move within the 4.07% to 4.44% band. This range-bound behavior points to a market lacking a clear direction, leading to cautious trading behavior from both buyers and sellers.

During this period, major cryptocurrencies like Bitcoin and Ethereum are likely to show sideways movement rather than strong trends. Traders should remain cautious and monitor this band closely for signs of a breakout or further decline.

USDT.D pair daily chart.

The post Tether Dominance Approaches Critical Support: Market Stuck In Limbo appeared first on Coin Engineer.

Bitcoin Drops Sharply: Market Signals A Correction Phase

Yigit Taha OZTURK — Mon, 14 Jul 2025 08:00:57 +0000

In the last 24 hours, the crypto market saw intense volatility, with Bitcoin leading the decline. This sharp move also triggered significant pullbacks in altcoins, shaking investor confidence.

Sideways Expectation Shattered By Strong Selling

The market was initially expecting a period of sideways action due to Tether Dominance being squeezed between key support and resistance zones. However, contrary to expectations, a wave of strong selling hit the market, driving Bitcoin lower.

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From a technical perspective, further downside pressure is likely in the short term. The price is approaching the $115,202 – $113,766 zone, which contains a Fair Value Gap (FVG). This area is seen as a potential support zone. If filled successfully, it could serve as a base for an upward rebound.

Resistance Zone Now In Focus

Should buyers regain control and market sentiment stabilize, Bitcoin could aim for a recovery. The next key resistance levels are located at $121,396 – $120,494. A breakout above this region would improve technical momentum and potentially signal a reversal.

Despite the uncertainty, traders are advised to closely monitor these levels. Both support and resistance areas will play a crucial role in shaping upcoming price action.

BTC/USDT pair 4-hour chart.

The post Bitcoin Drops Sharply: Market Signals A Correction Phase appeared first on Coin Engineer.

Ethereum Tests Key Resistance: Breakout or Pullback Ahead?

Yigit Taha OZTURK — Fri, 11 Jul 2025 13:30:39 +0000

As markets display mixed signals, traders are turning their attention back to Ethereum. Amid uncertain price swings, technical indicators on the daily chart suggest a decisive moment may be near. It’s no longer just about the direction—timing is everything.

Currently, Ethereum remains within a downward Fair Value Gap (FVG) zone on the daily chart, struggling to break out decisively. This zone has now become a critical area of resistance and could shape the asset’s next move.

Resistance Zone Holds the Key

Price is consolidating between the 3,219 – 3,030 dollar range, marking the refined FVG resistance. If this level breaks upward, the next target sits at the 3,534 dollar liquidity area. Should selling pressure remain weak at that point, the rally could extend further toward the next major target at 4,083 dollars.

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Traders are advised to take caution. As price approaches key levels, gradual profit-taking and risk reduction strategies become increasingly important to avoid sudden volatility.

Support Must Hold

In the event of a downturn, the immediate support lies between 2,801 and 2,618 dollars. Losing this range could trigger a deeper correction, potentially dragging price down to the 2,400 dollar zone. Maintaining this support area is crucial to preserve bullish potential.

ETH/USDT pair daily chart.

The post Ethereum Tests Key Resistance: Breakout or Pullback Ahead? appeared first on Coin Engineer.

BNB Technical Analysis: Will the Descending Trend Break?

Yigit Taha OZTURK — Tue, 22 Apr 2025 17:30:33 +0000

BNB has reclaimed the bearish FVG (Fair Value Gap) zone previously discussed in technical analyses and is now testing a significant descending trendline on the daily chart.

Descending Trend Under Pressure

This level is critical, as a confirmed breakout could lead to a push toward the $630 level. Historically, this zone has acted as strong resistance, and a successful move above it could open the door for further gains toward the $650–$660 range.

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$630 as a Key Resistance Level

On the other hand, a rejection from the trendline would shift attention back to the recently reclaimed FVG zone, which would then be expected to act as support. In this scenario, a consolidation phase around the support region could follow before a clearer trend direction emerges.

BNB/USDT pair daily chart.

Traders are watching closely as price action in these zones will likely provide crucial clues on BNB’s short-term momentum and overall trend shift.

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.

The post BNB Technical Analysis: Will the Descending Trend Break? appeared first on Coin Engineer.

AVAX Technical Analysis: Trend Break Confirmed but No Strong Reaction Yet

Yigit Taha OZTURK — Tue, 15 Apr 2025 13:30:59 +0000

AVAX has finally broken out of its long-standing downtrend on the daily chart. However, it has yet to deliver the strong upward move that traders were expecting following this breakout.

Key Support at $15.5

After bouncing from the $15.5 support level — a historically significant area — the price climbed into the downward Fair Value Gap (FVG) zone. This area has previously acted as strong resistance, and once again, AVAX faced rejection here.

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The price failed to break the FVG zone, showing weakness at this critical resistance. If this rejection continues, AVAX could revisit the $15.5 support level. Holding above that line is essential to prevent further downside.

Bullish Breakout Scenario: Targeting $25–$27 Range

If AVAX manages to break through the resistance zone with strong volume, it could quickly move towards the $25–$27 range. This zone represents a key technical and psychological barrier and would likely attract attention from traders.

AVAX/USDT pair daily chart.

AVAX has broken its downtrend, which is a strong technical signal, but price action has not yet confirmed sustained bullishness. If $15.5 holds and volume increases, we could see a bullish breakout toward $25–$27. However, if support fails, further correction may follow.

Traders should remain cautious, follow key support/resistance levels closely, and prepare risk-management strategies accordingly.

The post AVAX Technical Analysis: Trend Break Confirmed but No Strong Reaction Yet appeared first on Coin Engineer.

Bitcoin Technical Analysis: Testing Critical Support

Yigit Taha OZTURK — Mon, 07 Apr 2025 11:30:58 +0000

Bitcoin continues to follow its downtrend on the daily chart, pulling back into the critical bullish Fair Value Gap (FVG) zone. This area will be decisive for the continuation of any upward movement.

If this FVG support breaks down, the bitcoin price could drop further towards 66,852$. On the other hand, a reaction from the 73,462$ support could fuel a strong upside move.

Key Reaction Zone: 73,462$ Support!

A solid bounce from 73,462$ could reignite bullish momentum. Holding above this level may trigger recovery, pushing bitcoin toward higher resistance zones.

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Should a confirmed breakout from the downtrend occur, bitcoin may quickly target the 84,000$ resistance, a key psychological and technical level.

BTC/USD pair daily chart.

Right now, bitcoin is at a decision point. Either the price holds and reverses upward, or we witness a deeper correction.

The post Bitcoin Technical Analysis: Testing Critical Support appeared first on Coin Engineer.

Jupiter at Critical Support Zone! Will the Downtrend End?

Yigit Taha OZTURK — Tue, 18 Feb 2025 09:30:53 +0000

Jupiter (JUP) continues to test significant technical levels. On the daily chart, if the price drops below the 0.7076 USD level, the 0.63 – 0.65 USD support range becomes highly crucial. This area hosts an unused order block, which indicates that it could provide strong support. A pullback to this region could potentially present a buying opportunity.

Jupiter’s Decline and Key Support Levels

Jupiter has made its way down to important price zones. In the daily chart analysis, if the price breaks below 0.7076 USD, the 0.63 – 0.65 USD range will become an important support zone. This area includes an unused order block, suggesting strong buying interest could emerge if the price reaches this level.

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Moreover, previous price actions and trading volumes have made this area a significant price region. If tested, it could trigger strong buying pressure, and the price might bounce back. However, if the price falls below this support, further selling pressure may follow.

What’s Happening on the 4-Hour Chart?

On the 4-hour chart, Jupiter has broken its previous downtrend, attempted a rally but has pulled back to the current support after testing a downward order block level. This indicates that Jupiter is facing a struggle to hold the current levels. The downward FVG (Fair Value Gap) region can serve as a potential resistance level to monitor. Traders may be waiting for a reversal signal at this level.

If the FVG region is broken, the upward movement might strengthen, pushing the price to test higher untested resistance levels. However, the crucial point to watch here is whether buyers will step in. If they do, the price could stabilize and move higher.

The post Jupiter at Critical Support Zone! Will the Downtrend End? appeared first on Coin Engineer.