resistance breakout Archives - Coin Engineer

Bitcoin Approaches Key Resistance: New High Incoming?

Yigit Taha OZTURK — Mon, 21 Jul 2025 08:30:42 +0000

The crypto market might be on the verge of a new breakout. Recent price action suggests that Bitcoin could be leading another strong rally, as traders closely monitor critical support and resistance levels. This week may prove pivotal in shaping near-term market sentiment.

Support Reaction Followed by Resistance Break

The previously highlighted $116,390 support level acted as a solid launchpad for Bitcoin. The price responded impressively from this level and managed to break through the resistance range of $118,000 – $118,400. Following the breakout, the price reached the $119,000 target, reinforcing bullish expectations.

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All eyes are now on the $120,760 level. If this resistance is breached, we might witness an attempt at a new all-time high. Market participants are closely watching this development, as it could shift the overall sentiment not just for Bitcoin, but for the broader crypto landscape.

Cautious Optimism in the Altcoin Market

Meanwhile, Bitcoin dominance remains at a key support zone, while the Total2 index, which represents the altcoin market, is testing resistance. This contrast signals the need for cautious positioning in altcoins. Waiting for confirmation signals before entering long trades could be prudent.

BTC/USDT pair 4-hour chart

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The post Bitcoin Approaches Key Resistance: New High Incoming? appeared first on Coin Engineer.

Bitcoin Rally Continues After Breaking Resistance

Yigit Taha OZTURK — Thu, 26 Jun 2025 14:00:17 +0000

When the market shows momentum again, all eyes inevitably turn to the top digital asset. As key levels are broken, investor attention intensifies. That’s exactly where we are with Bitcoin right now.

New Breakouts Signal Potential Upside

BTC has broken through the previously mentioned resistance zone of $106,622 – $105,725, continuing its upward move. This breakout reflects strong buying momentum and could lead to further gains.

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The next resistance lies at $108,791. A strong, high-volume breakout above this level could push Bitcoin into a new leg of bullish movement, possibly testing new local highs.

Rejection Risk Still Exists

However, a rejection from this zone may indicate a temporary pause or retracement. Since $108,791 is a technically strong resistance, cautious risk management is advised for traders at these levels.

In terms of support, the previously broken resistance now becomes the new watch zone: the $106,622 – $105,725 area will likely act as support in the event of a pullback.

BTC/USDT pair 4-hour chart.

Close Monitoring Is Key

Tracking these levels closely is crucial for both short-term trading setups and longer-term positioning. With volatility increasing, a disciplined strategy remains the best defense.

The post Bitcoin Rally Continues After Breaking Resistance appeared first on Coin Engineer.

ZRO Rejected At Resistance: 2.13$ Support In Focus

Yigit Taha OZTURK — Mon, 05 May 2025 17:00:09 +0000

In our recent analysis, we noted that a breakout of the minor descending trend in ZRO could push the price towards 3$. This played out accurately as the token rallied to 3.15$ after the trendline break. However, selling pressure emerged near this level, causing the price to reverse and begin a new downward movement.

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Now, all eyes are on the next potential support. According to technical indicators, the 2.13$ level stands as a key support zone, having previously acted as a strong base where buyers stepped in. If the current downward momentum continues, this level will be a crucial test for ZRO bulls.

A Break Below 2.13$ Could Target FVG Region

Should the 2.13$ support fail to hold, the next zone to watch lies at the lower bounds of the bullish FVG (Fair Value Gap) region. This area represents zones of previous heavy buying and could offer a reaction or temporary relief.

ZRO/USDT pair daily chart.

ZRO’s price trajectory remains closely tied to broader market trends. Movements in Bitcoin (BTC) and Ethereum (ETH) will likely influence its direction. For investors, this is a time to closely manage risk, monitor key levels, and adjust strategies based on confirmed price actions.

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 ZRO Rejected At Resistance: 2.13$ Support In Focus appeared first on Coin Engineer.

Solana (SOL) Price Analysis: Is $145 the Next Target?

Yigit Taha OZTURK — Mon, 14 Apr 2025 15:00:55 +0000

In our previous analysis, we emphasized that $110 was a crucial support level for Solana. The price held firm above this level and advanced toward the $120 – $126 resistance band. After testing this range, the market briefly pulled back to retest the $110 zone, confirming it as support. This confirmation triggered renewed buying interest, allowing the price to break through resistance with momentum.

$136.5 Reached — $145 Becomes the Next Logical Target

Following the successful breakout, Solana surged to $136.5, validating the bullish setup. The price action shows strength and increasing buyer participation. If the $136.5 level is breached, the next major technical target lies at $145 — a historical resistance zone that previously saw significant selling pressure. A breakout beyond $145 could open the door for even stronger gains if market sentiment remains positive.

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SOL/USDT pair 4-hour chart.

Market Outlook and Strategic Perspective for Traders

At the moment, Solana continues to follow a technically healthy structure. The clear respect for support and resistance zones indicates a disciplined and mature market movement. This gives confidence to short- and mid-term traders to act on well-defined signals. Those who followed this strategy and capitalized on the breakout deserve congratulations for navigating the market successfully.

The post Solana (SOL) Price Analysis: Is $145 the Next Target? 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.

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