Investor Guide Archives - Coin Engineer

Market Analysis: Bitcoin and Ethereum at Important Levels!

Yigit Taha OZTURK — Wed, 26 Mar 2025 10:30:34 +0000

The cryptocurrency market remains volatile as Bitcoin and Ethereum trade at key support and resistance levels. While Bitcoin is testing a major resistance zone, Ethereum is struggling to hold its support levels. The coming days will be crucial in determining market direction. Now, let’s take a detailed look at the latest technical analysis for Bitcoin and Ethereum.

Bitcoin Technical Analysis

Bitcoin (BTC) has gained 0.60% in the last 24 hours, reaching $87,940. After breaking the $86,600 resistance, it made a re-test and continued its upward movement. However, for the uptrend to continue, Bitcoin needs to close above $88,500. This level has been tested multiple times, but a strong breakout has yet to occur. If $88,500 is surpassed, Bitcoin could target $91,000, followed by $92,500 – $95,000 levels.

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On the downside, if $86,600 support is lost, Bitcoin may drop first to $85,000, and then to the $83,500 – $82,000 range.

BTC/USD 4-hour chart.

Ethereum Technical Analysis

Ethereum (ETH) bounced from the $2,037 – $1,927 support range and tested the $2,108 resistance but faced rejection. It has now retraced back to the support zone. If $2,108 is broken, Ethereum could see a rapid move toward $2,200 – $2,300.

On the other hand, if $1,927 support fails, Ethereum may decline to $1,850, and eventually $1,800.

ETH/USDT 4-hour chart.

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The post Market Analysis: Bitcoin and Ethereum at Important Levels! appeared first on Coin Engineer.

PNUT Price Analysis: If Support is Lost, Decline May Deepen!

Yigit Taha OZTURK — Sun, 02 Mar 2025 12:00:37 +0000

As volatility continues in the cryptocurrency market, PNUT is trading at critical levels. After breaking the $0.25 resistance recently, PNUT gained upward momentum but failed to hold above this level, leading to a pullback. The price has now retraced to the FVG support zone, and if it fails to bounce from here, a deeper correction may occur.

Critical Support Levels for PNUT

At the current price range, the FVG support is a key threshold. If this level is breached downward, the next significant support point will be $0.175. Losing this level as well could push the price lower, where the bullish FVG in the lower region would act as the next support. In this scenario, selling pressure could increase, making it more likely for PNUT to test even lower levels.

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On the upside, the first resistance level is the bearish FVG located just above the current price level. If this resistance is cleared, the $0.25 zone will once again become a key target. Breaking above this threshold could pave the way for the next major resistance range at $0.306 – $0.325. At these levels, the strength of buyers will be crucial in determining whether the uptrend can continue.

PNUT/USDT 4-hour chart.

Overall, the $0.175 support and $0.25 resistance play a crucial role in PNUT’s price action. Investors should closely monitor these levels and adjust their trading strategies accordingly.

The post PNUT Price Analysis: If Support is Lost, Decline May Deepen! appeared first on Coin Engineer.

ALPHA at a Critical Level for a Breakout! Will it Break the Resistance?

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

Recently, Alpha (ALPHA) has managed to break its downtrend, but it’s currently showing low-volume movement. This creates uncertainty about the direction of a potential breakout. ALPHA‘s key levels will provide important clues to determine the direction of its price movement.

Key Resistance and Support Levels

The $0.065 level stands out as the most critical resistance point for ALPHA at the moment. If ALPHA manages to break this level, a rapid rise towards $0.073 could occur. This level could create significant momentum for ALPHA, allowing buyers to take control.

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On the other hand, if the market comes under selling pressure, the important support level at $0.058 will come into play. If this level is lost, the risk of a decline to lower levels increases. Especially, if $0.058 is broken, any 4-hour closing below this level could deepen the downward movement and lead to further price declines.

Market Outlook and Expectations

Alpha (ALPHA) is currently showing low-volume movement, which makes it difficult to determine its direction. However, breaking the $0.065 resistance could mark the start of a new upward trend. Investors should closely monitor whether ALPHA can break this level with increasing volume. If the rise happens with higher volume, it is expected that the price will quickly reach the $0.073 level.

On the other hand, if the market falls under selling pressure, the $0.058 support will be a critical test. A break below this level could open the door to further declines, potentially leading to a deeper price drop.

Although Alpha (ALPHA) has broken its downtrend, its low-volume movement is making investors cautious. If the $0.065 resistance is surpassed, a strong rise towards $0.073 could be seen, but if the $0.058 support is lost, declines may accelerate. Therefore, investors need to closely track ALPHA‘s volume movements and broader market developments.

The post ALPHA at a Critical Level for a Breakout! Will it Break the Resistance? appeared first on Coin Engineer.