Downtrend Archives - Coin Engineer

Bitcoin Cash (BCH) Technical Analysis: Downtrend Continues!

Yigit Taha OZTURK — Tue, 15 Apr 2025 12:30:11 +0000

Bitcoin Cash (BCH) continues to follow its downward trendline on the daily chart. The price has once again faced rejection from the descending trend and pulled back into a bullish Fair Value Gap (FVG) — a critical support zone.

Key Support: Bullish FVG Area

This support zone acts as an area of previously inefficient price action, where buyers may potentially step in. If this zone is lost to the downside, the next major support lies at $271, which aligns with historical reaction levels.

Breakout Scenario

If BCH receives a bullish reaction from this zone and manages to break the downtrend with strong volume, the first target will be $418 — a significant pivot zone that has acted as support/resistance in the past.

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A sustained move above $418 would open the door toward the next key resistance at $452, which has historically triggered major sell-offs.

BCH/USDT pair daily chart.

BCH is currently trading at a pivotal technical zone. A breakdown could lead to further correction toward $271, while a breakout may initiate a trend reversal toward higher resistance levels. Traders should stay alert and prioritize risk management.

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The post Bitcoin Cash (BCH) Technical Analysis: Downtrend Continues! appeared first on Coin Engineer.

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.

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

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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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.

HYPE ETF Rises on News! Will the Downtrend Be Broken?

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

One of the newest players in the cryptocurrency market, HYPE, experienced a brief surge following the recent ETF news. However, the coin continues to struggle within its prevailing downtrend. As a newly listed asset, it remains difficult to define clear support and resistance zones through technical analysis, but several key levels have emerged based on the latest price action.

Currently, the $12.40 level is acting as a critical support zone for HYPE. Maintaining this support is crucial for attracting short-term buyers back into the market. If the $12.40 support fails, there is a strong possibility of a further decline toward the $12.00 region, which stands as the next key support level.

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On the upside, any potential recovery for HYPE will depend on its ability to break through the descending trendline resistance. If this area is reclaimed, the next target lies at $14.70, a significant resistance level. A breakout above $14.70 could lead to renewed bullish momentum and open the door for additional resistance levels to come into play.

In the short term, market conditions and overall trends in the cryptocurrency space will continue to be key factors for HYPE’s price direction. Investors are advised to closely monitor support breakdowns and resistance breaches, as these events could trigger heightened volatility.

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Bitcoin and Ethereum at Critical Levels: Market Seeks Direction

Yigit Taha OZTURK — Thu, 06 Mar 2025 13:30:17 +0000

As volatility increases in the crypto market, Bitcoin (BTC) and Ethereum (ETH) are trading at key levels. BTC is approaching psychological resistance zones, while ETH continues its upward momentum. BTC dominance has also reached critical levels, influencing the altcoin market. Here is the latest market analysis:

Bitcoin (BTC) Analysis

Bitcoin (BTC) has gained 1.12% in the last 24 hours, reaching $92,150. BTC has regained the $87,500 support and is currently trading within the bearish FVG (Fair Value Gap) region. If this resistance is broken, BTC could push towards the $100,000 level. However, if Bitcoin faces rejection at this zone, the next major support is the bullish FVG region. A breakdown below this support could trigger a further decline towards $85,000.

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Ethereum (ETH) Analysis

Ethereum (ETH) has increased 3.05% in the last 24 hours, reaching $2,350. ETH found strong support in the $2,050 – $1,950 range and successfully reclaimed the $2,150 and $2,200 levels. The next major resistance zone is the bearish FVG region. If this level is surpassed, $2,800 could be the next target. However, if ETH fails to hold above $2,150, a retracement back to the $2,050 – $1,950 support range could occur.

Bitcoin Dominance (BTC.D) and Overall Market Outlook

BTC dominance is currently at 61.80%. The 62.00% resistance level is a crucial zone for further upward movement. If BTC dominance surpasses this level, it could continue rising toward 64.00%. However, if it gets rejected at this resistance, the next support zone will be the bullish FVG area. A break below this level could lead to a decline toward the 59.00% support zone.

The altcoin market remains largely dependent on BTC’s movements. If Bitcoin breaks out strongly, altcoins may experience a downtrend. However, if BTC consolidates within a range, some altcoins could witness significant gains.

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SEI at a Critical Level! Uptrend or Downtrend?

Yigit Taha OZTURK — Thu, 20 Feb 2025 13:30:32 +0000

SEI is currently trading at a crucial order block level on the daily chart. This region is acting as a strong support for buyers. However, if the price loses this level, the lower order block could serve as an even stronger support level. Investors should closely monitor how the price reacts to this zone.

SEI/USDT Pair Daily Chart

Has the Downtrend Broken?

Looking at the 4-hour chart, the price appears to have broken the downtrend, but a confirmed candlestick close has yet to occur. At this stage, the $0.26 level may act as resistance and hold the price in this range. If the price fails to break above this level, a downside movement could begin, with the bullish FVG zone below serving as potential support.

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SEI/USDT Pair 4-Hour Chart

SEI Price Targets

If the $0.26 resistance is broken, the uptrend could accelerate, with the first target being the $0.30 level. The $0.30 level is a critical threshold for further upward movement. If this level is also surpassed, the price could target the bearish order block in the upper region.

These key levels in SEI’s price action provide important signals for both short- and medium-term traders. Monitoring price movements closely is essential for making informed buy and sell decisions.

The post SEI at a Critical Level! Uptrend or Downtrend? appeared first on Coin Engineer.

Aptos to Break Critical Downtrend? Price Analysis!

Yigit Taha OZTURK — Wed, 19 Feb 2025 13:30:53 +0000

Aptos (APT) has reached a critical level in its ongoing downtrend. After reacting successfully from the $5.50 level, Aptos (APT) managed to break through the $6.34 resistance. Now, it is at a pivotal point. This level marks a critical intersection of both a downward FVG (Fair Value Gap) and the downtrend line.

Critical Level: $6.34 and the Downtrend Line

The most significant development for Aptos (APT) is the level just above $6.34. This point holds both the downtrend line and the FVG. If Aptos (APT) can hold this level, it could start a rally toward the upper order block targets. Closing above $6.34 could signal a new bullish phase for Aptos (APT).

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If Aptos (APT) reacts from the downtrend, the upward FVG just below will serve as an important support point. This support could help the price rebound. However, if the price remains below $6.34, further declines may follow. The $5.50 level would then act as a potential support.

If Aptos (APT) breaks above $6.34, it could target $7.00 and beyond. However, failure to break this level may lead to a pullback, and the $5.50 level could serve as a crucial support.

APT/USDT Pair 4-Hour Chart

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Aptos (APT) at Critical Resistance: Is a Rising Coming?

Yigit Taha OZTURK — Mon, 10 Feb 2025 17:30:52 +0000

Aptos (APT) has recently attracted the attention of investors, showing a price movement that reached as high as $6.42. However, the continuation of this rise remains uncertain unless a strong breakout occurs at this point.

What Happens if the $6.42 Level is Surpassed?

Aptos (APT) is currently trading at a critical level from a technical analysis perspective. If the $6.42 level is broken with significant volume, the upward movement in APT could gain momentum, and new target levels may come into play. In this case, the price is likely to gain momentum towards $7.00, and then potentially to $7.50. Especially if trading volume increases and buyers become dominant, APT could enter a bull trend.

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If APT cannot surpass the $6.42 level and fails to hold this area, investors may face a more challenging period. In this case, the price might retrace to around $5.48. Especially $5.48 is seen as an important support level, where liquidity has been concentrated. If this level is also broken down, APT could fall further towards $5.00.

What Should Investors Pay Attention To?

With the ongoing uncertainty in the cryptocurrency market, Aptos (APT) investors need to closely monitor price movements around the $6.42 level. Technical indicators suggest that APT will move depending on the breakout direction. If a volume-driven rise occurs, the upward expectation for APT could strengthen. However, if it fails to hold at this level, profit-taking opportunities could be considered, and a downtrend scenario should be taken into account.

In the coming days, APT‘s attempts to break the $6.42 resistance will be crucial for determining the price movement. If a strong breakout happens, the bullish trend could accelerate. However, if it fails to hold at this level, a downward movement may become inevitable.

Investors need to carefully follow market developments and volume movements.

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