Key Levels for NEAR

NEAR is under selling pressure from the descending trend resistance. However, it may bounce back from the 2.30$ – 2.07$ support zone and attempt to retest the trend.

If NEAR breaks the descending trend resistance, the first target will be 3.10$. If this level is secured, the next target will be the downward FVG (Fair Value Gap) region.

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On the other hand, if the support zone is lost, the price may decline toward 1.85$.

Technical Indicators and Market Outlook

Support Levels

• 2.30$ – 2.07$: The primary support zone, where price reaction will determine the next movement.
• 1.85$: The next key level to watch in case of a breakdown.

Resistance Levels

• Descending Trend Resistance: The most crucial level NEAR needs to break for an upward move.
• 3.10$: The first target if the trend breaks.
• FVG Zone: The upper resistance area if the price continues rising.

NEAR’s price movement will largely depend on its reaction to the 2.07$ support level. If this zone holds and a breakout occurs, 3.10$ becomes the next key target. However, if support is lost, a decline to 1.85$ may follow.

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The post NEAR Price Analysis: Downtrend Continues! appeared first on Coin Engineer.

What Are the Target Zones?

If ATOM finds strong support in its current region and manages to break through the FVG zone, a sharp upside move is expected. In this scenario, the price has the potential to rise towards the $4.95 level in the short term. This resistance zone is a significant target for short-term traders.

Why Is the FVG Zone Important?

FVG (Fair Value Gap) zones represent gaps in the price where the market previously moved quickly without fully filling the liquidity. Currently, ATOM has faced rejection from this zone, resulting in renewed selling pressure. Breaking through the FVG zone would be a strong signal indicating that the market momentum has shifted in favor of the bulls.

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On the other hand, if the price re-enters the descending trendline, the $4.50 level will act as the first strong support zone. If this level is lost, traders should be cautious about the potential for a deeper pullback.

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The post ATOM Breaks Downward Trend: Will It Rise? appeared first on Coin Engineer.

The world’s largest cryptocurrency, Bitcoin, fell 6% to $89,617, reaching its lowest level this year. Earlier in the day, Bitcoin dropped as low as $88,355. Major altcoins experienced steeper declines; Ethereum lost 10.45% to $2,410, XRP dropped 10.5% to $2.21, and Solana fell 12.6% to $138.6. The overall crypto market declined 6.8%, while the GMCI 30 Index, which tracks the performance of the top 30 cryptocurrencies, fell 8.96%.

Markets Face Widespread Uncertainty

Equity markets have also faced pressure after U.S. President Donald Trump announced tariffs on Canada and Mexico. The 30-day suspension on these tariffs is set to expire next week, raising concerns among investors.

Standard Chartered Global Head of Digital Assets Research Geoffrey Kendrick noted that the growing risk-off sentiment in traditional markets has negatively impacted crypto assets. This bearish outlook is also reflected in the Crypto Fear and Greed Index, which dropped to 25, its lowest level in five months.

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Kendrick highlighted that Bitcoin is under pressure due to Solana-driven meme coin sell-offs and broader market corrections. He also pointed out that since the U.S. election, the average purchase price of Bitcoin spot ETFs has risen to $96,500, meaning many investors are now underwater at current price levels.

Signs of a Potential Recovery in the Medium Term

However, Kendrick sees a possible recovery for Bitcoin in the medium term. Declining U.S. Treasury yields could eventually support Bitcoin, but he warned that now is not the time to buy the dip, predicting that Bitcoin could fall further to the low $80,000s.

HashKey Global Managing Director Ben El-Baz pointed out that the crypto market’s strong correlation with U.S. equities has led investors to offload risk assets like Bitcoin. He emphasized that if critical support levels are not regained, a prolonged bear market could be in play.

Meanwhile, traders are closely watching Friday’s release of the U.S. Personal Consumption Expenditures (PCE) Price Index. This data is considered one of the Federal Reserve’s key inflation indicators. If inflation appears to be approaching the Fed’s 2% target, expectations for rate cuts could rise, potentially sparking Bitcoin‘s next bullish move.

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The post Bitcoin Drops to Yearly Low Amid Trump Tariff Uncertainty appeared first on Coin Engineer.

Bitcoin Key Intraday Levels

The BTC/USDT pair has gained 1.96% in the last 24 hours and is currently trading at $104,780. Bitcoin (BTC) continues its decline after breaking the previously identified support level at $105,766. To resume an uptrend, BTC needs to close above the $105,766 resistance level. Key support levels are at $102,584 and $101,395.

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Ethereum (ETH): The ETH/USDT pair has gained 0.46% over the last 24 hours and is now trading at $3,298. Resistance levels for ETH are first at $3,440 and then at $3,535. Support levels are at $3,290 and $3,217.

Worldcoin (WLD): The WLD/USDT pair has increased by 13.91% in the last 24 hours and is currently trading at $2.14. Resistance levels for WLD are $2.30 and $2.46. Support levels are at $2.14, with further downside support at $1.96.

Bonk (BONK): The BONK/USDT pair has gained 12.50% in the last 24 hours and is currently trading at $0.00003265. Resistance levels for BONK are $0.00003478 and $0.00003725. Support levels are $0.00003220, with additional support at $0.00003004 if the decline deepens.

Hyperliquid (HYPE): The HYPE/USDT pair has increased by 13.60% over the last 24 hours and is currently trading at $26. Resistance levels for HYPE are $29 and $31.88, while support levels are $26.36 and $22.90 in the event of a deeper decline.

Trending Coins

Over the last 24 hours, the most trending coins in the crypto market include Official Trump (TRUMP), Plume (PLUME), and Melania Meme (MELANIA).
The top gainers include VeThor (VTHO), Plume (PLUME), and AI Rig Complex (ARC).
The biggest losers are Melania Meme (MELANIA), Official Trump (TRUMP), and Fartcoin (FARTCOIN).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the notable liquidation on the upside is $43.28 million at the $106,876 level, while the downside shows $39.60 million at $103,398.

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Bitcoin Intraday Key Levels

The BTC/USDT pair gained 0.51% in the last 24 hours and is currently trading at $102,308. Bitcoin (BTC) rebounded from the $99,304 support level noted in previous analyses, marking a short-term rise. If this upward momentum continues, the next resistance level stands at $103,608. Key support levels are $100,998 and $99,304.

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Ethereum (ETH): The ETH/USDT pair dropped 4.41% in the last 24 hours and is currently trading at $3,697. Resistance levels for ETH are $3,750, followed by $3,886. Key support levels lie at $3,646 and $3,535.

Mantle (MNT): The MNT/USDT pair gained 3.99% in the last 24 hours and is trading at $1.24. Resistance levels for MNT are at $1.238, followed by $1.273. Support zones are $1.064, with a deeper drop potentially hitting $0.993.

Aerodrome Finance (AERO): The AERO/USDT pair declined 11.29% over the past 24 hours and is currently at $1.64. Resistance levels are at $1.70, followed by $1.85, while key support levels are $1.61 and $1.50 in case of further declines.

UNUS SED LEO (LEO): The LEO/USDT pair dropped 5.97% in the last 24 hours and is trading at $9.13. Resistance levels for LEO are at $9.23, with a further target at $9.44. Support zones are $9.04 and $8.87.

Trending Coins

The most trending coins in the last 24 hours include Fuel Network (FUEL), Akuma Inu (AKUMA), and Pudgy Penguins (PENGU).
Top gainers were Usual (USUAL), Fartcoin (FARTCOIN), and peaq (PEAQ), while the biggest losers were Peanut the Squirrel (PNUT), Act I The AI Prophecy (ACT), and Popcat (POPCAT).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map:

• Key upper liquidation level: $13 million at $103,680.
• Key lower liquidation level: $49.5 million at $99,200.

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The post The Latest on Bitcoin and Cryptocurrencies: December 19 appeared first on Coin Engineer.

Bitcoin (BTC) Key Levels

Bitcoin is currently trading at $97,848, reflecting a 0.42% increase over the past 24 hours. BTC has bounced from its $94,700 support, but if it continues to drop, the next critical support level lies at $93,138. To maintain bullish momentum, Bitcoin needs to close above $99,300, with the ATH region being the next target if this resistance is surpassed.

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Ethereum (ETH): Ethereum’s price stands at $3,762, with a 1.18% increase in the last 24 hours. Its key resistance levels are $3,886 and $3,946, while support levels are positioned at $3,647 and $3,530. These levels will be critical in determining ETH’s short-term trajectory.

Curve DAO Token (CRV): CRV is trading at $1.19, marking a 9.43% rise over the past 24 hours. Resistance is seen at $1.21, followed by $1.30, while the primary support levels are $1.05 and, in case of a deeper correction, $0.98. This marks CRV as a coin with notable upward momentum recently.

Artificial Superintelligence Alliance (FET): Currently priced at $1.79, FET has dropped 4.63% over the past day. The token’s resistance levels are at $1.78 and $1.89, while support levels lie at $1.69 and $1.58. These levels highlight a bearish sentiment that may persist unless the token regains strength.

Virtuals Protocol (VIRTUAL): VIRTUAL trades at $1.63, with a 5.54% increase in the last 24 hours. Key resistance levels include $1.73 and $1.87, while support can be found at $1.34 and $1.26, presenting a range for traders monitoring potential volatility in the token.

Trending Coins

The most trending coins over the last 24 hours include Movement (MOVE), PONKE (PONKE), and peaq (PEAQ). Among the top gainers, MOVE, PEAQ, and Clearpool (CPOOL) have seen substantial growth, while Across Protocol (ACX), Bitcoin Gold (BTG), and Turbo (TURBO) are listed as the top losers, reflecting significant price declines.

Bitcoin Liquidation Zones

The 12-hour liquidation map for Bitcoin reveals two major levels:

• Upper Zone: $98,754, with liquidations amounting to $40 million.
• Lower Zone: $94,926, also with liquidations totaling $40 million.
  These zones highlight significant areas of liquidity that may influence Bitcoin’s price movement in the short term.

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The post The Latest on Bitcoin and Cryptocurrencies: December 10 appeared first on Coin Engineer.

The recent general rise observed in the crypto markets has made many investors happy. However, we observe that the expected rise in the SHIBA has not yet occurred. This brings to mind that SHIBA may not benefit enough from this bull run. While there have been rises of up to 50% in other altcoins in the last few weeks, SHIBA’s rise remained at a level of 28% and fell behind expectations.

In the coming days, if there is a breakout or a positive movement in a parity showing the positive status of Ethereum against Bitcoin like BTC/ETH, we may see that positive rises are much more likely in other altcoins. In this case, a noticeable rise can be expected in SHIBA as well.

General market trends and movements in major cryptocurrencies usually tend to affect the performance of other altcoins. If we catch momentum in a parity like BTC.D, this situation could contribute to other altcoins moving upward. Therefore, it can be expected that SHIBA will show a noticeable increase by being affected by this positive period.

Investors should closely follow the general trends of the crypto market in the coming days and monitor possible breakouts or positive price movements in parities like BTC/ETH and BTC.D. These developments could affect the potential rise of altcoins like SHIBA, and in this case, it could be possible for SHIBA to achieve the expected rise.

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Can Shiba Break the Falling Channel?

SHIBA’s late bull run seems very important to understand by examining weekly candlestick charts. So far, SHIBA has not make a noticeable breakout and could not create enough buyer pressure in its chart. The reason for this could be that SHIBA is trying to form a double bottom formation during this time frame.

Another factor affecting SHIBA was the falling channel formation. This channel was effective in determining support and resistance levels, and SHIBA faced a critical resistance level after passing the midband. This level has been a strong support/resistance area for SHIBA since the 2nd and 3rd quarters of 2021.

If we can observe a clear breakout in the zone of $0.00000855, a move toward the upper band of the channel could be observed. Also, if positive divergences are seen in favor of altcoins in major crypto pairs like BTC/ETH and BTC.D, SHIBA’s rise to the levels of $0.000017 could be expected. This rise could provide investors with a 110% return and satisfy them.

However, there is a point that should not be forgotten. If we cannot overcome the $0.00000855 resistance, it would not be surprising that pullbacks could be toward lower support levels. If SHIBA cannot overcome the determined resistance level, a correction towards much lower levels may occur.

The post Will Shiba Miss the Mini Bull Cycle? appeared first on Coin Engineer.