support resistance levels Archives - 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.

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.

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FET Price Analysis: Uptrend Confirmed, Next Target in Sight

Yigit Taha OZTURK — Wed, 25 Jun 2025 15:00:23 +0000

While the crypto market remains relatively quiet, some altcoins are breaking out with strong momentum. One of the standout names recently is FET, which has made a critical technical move, catching the attention of traders once again.

Downtrend Broken, Target Reached

In previous analyses, we mentioned the importance of the $0.57 support level for FET. The token bounced from this level and successfully broke through its descending trend line. This rally has now reached the short-term target of $0.70, indicating strength in price action.

This breakout suggests that bulls have regained control, opening the door for further upside in the short term.

$0.70 Resistance Now in Focus

With the $0.70 level now being tested as resistance, the next technical target could be $0.75 or higher — provided there’s a solid breakout backed by volume. Continued buying pressure could strengthen market confidence and support further gains.

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Still, traders should be cautious of potential rejections at key resistance points, which may lead to temporary corrections.

Support Range Between $0.65 and $0.61

On the downside, the closest support range lies between $0.65 and $0.61. Holding above this range is crucial for sustaining bullish momentum. If FET can consolidate here, it may offer new entry points for investors seeking exposure to this trend.

As always, monitoring price reaction at support and resistance zones is key for informed decision-making.

FET/USDT pair 4-hour chart.

The post FET Price Analysis: Uptrend Confirmed, Next Target in Sight appeared first on Coin Engineer.

Double Bottom Forming on PEPE: Eyes on Key Support

Yigit Taha OZTURK — Tue, 15 Apr 2025 15:30:01 +0000

PEPE, one of the trending meme coins, is showing signs of a double bottom pattern on the daily chart — a structure often interpreted as a trend reversal signal. However, its effectiveness will depend on price action around a crucial support level.

Key Support at $0.0000058

The $0.0000058 level has emerged as a critical support zone. This region represents the second low of the double bottom and has historically acted as a demand area. If PEPE loses this level, a deeper pullback could unfold, potentially toward $0.0000042.

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If PEPE holds the support and successfully breaks out of the neckline with volume, the technical target of the double bottom pattern sits around $0.0000317. This area also aligns with a previously tested resistance, making it a logical upside target.

PEPE/USDT pair daily chart.

Market Momentum Will Be Key

While the pattern itself is promising, broader market sentiment will heavily influence its outcome. A bullish move in Bitcoin and large-cap altcoins could help PEPE rally faster. As always, volume confirmation will be essential for the breakout to be sustainable.

The developing double bottom pattern presents a potential opportunity for PEPE bulls. However, holding above $0.0000058 is critical. If this level is lost, downside pressure may accelerate. On the flip side, a confirmed breakout could open doors toward $0.0000317.

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 Double Bottom Forming on PEPE: Eyes on Key Support appeared first on Coin Engineer.

Bitcoin Dominance at a Critical Level!

Yigit Taha OZTURK — Wed, 19 Mar 2025 14:00:13 +0000

Bitcoin dominance continues to play a decisive role in market trends. Currently testing a key support at the bullish FVG zone, a daily close below this level could signal further decline in dominance.

The first support target is 60.93%, with a stronger level at 60.20%.
A drop in dominance typically signals capital rotation into Ethereum (ETH) and altcoins, fueling potential rallies in these assets.

If dominance falls towards the 60.20% support, we may see a stronger altseason emerge.

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Ethereum could push beyond $2,300, potentially testing $2,500 levels if bullish momentum accelerates.
Major altcoins could experience gains ranging from 10% to 30%, especially projects within Layer-1 ecosystems, AI-focused coins, and DeFi tokens.

BTC.D daily chart.

Alternative Scenario

If the FVG support zone holds and dominance climbs back to 62.26%:

Bitcoin strengthens as the dominant force in the market.
Altcoins may face selling pressure, and ETH/BTC pairs could weaken.
Capital likely flows back to BTC, reducing altcoin gains.

Bitcoin dominance will shape the next moves for Ethereum and altcoins. Monitoring key support and resistance levels is crucial for building strategies in the coming weeks.

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Bitcoin and Ethereum Trade in Critical Zones: Which Way?

Yigit Taha OZTURK — Wed, 19 Mar 2025 13:00:35 +0000

Volatility continues in the cryptocurrency market. Both Bitcoin and Ethereum are moving around key support and resistance zones, drawing the attention of investors. Technical indicators and price formations suggest that critical breakouts may be imminent.

Bitcoin (BTC) Technical Analysis

On the daily chart, Bitcoin continues to fluctuate within the bearish FVG zone identified in previous analyses. The lack of a clear rejection signal from this region indicates that traders considering long positions should exercise caution.

If the price breaks above this area, the target level is 86,600 dollars.
Conversely, if selling pressure increases, the first support level to watch will be 80,038 dollars, coinciding with the bullish FVG zone, which could serve as a potential recovery point.

BTC/USD daily chart.

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Ethereum (ETH) Technical Analysis

Ethereum is attempting to hold the support zone we highlighted in previous analyses. Consistent daily closes above this level could open the path toward 2,108 dollars.

If 2,108 dollars is reclaimed, we may witness a swift move toward the 2,200 – 2,300 dollar range.
However, if support fails and downward pressure persists, the price could decline back to 1,745 dollars, representing the next major support zone.

ETH/USDT 4-hour chart.

Both Bitcoin and Ethereum are trading at significant price levels. Movements within FVG zones and key support-resistance areas will determine the short-term market direction. Monitoring closing prices and trading volumes is essential for informed decision-making.

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TON at a Critical Zone! Will the Uptrend Continue?

Yigit Taha OZTURK — Tue, 18 Mar 2025 15:30:52 +0000

One of the standout projects in the crypto market, TON (The Open Network), is currently trading in a critical zone on the daily chart. The price is approaching a long-standing descending trendline. If this trendline is broken to the upside, a strong bullish move could be expected in the TON price.

First Target: $3.91! Then Eyes on the $4.50 Levels

If the trendline breakout occurs, the price is likely to move first towards the $3.91 level. This area has historically acted as a significant resistance zone.

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Should TON manage to surpass $3.91, the rally may gain momentum and extend towards the $4.50 levels. This level stands out as a key resistance area that short-term investors will be closely monitoring.

Pullback Scenario: The $3 Support Zone Is Critical!

However, if the price gets rejected from the descending trendline and fails to sustain its upward move, a correction towards the FVG (Fair Value Gap) zone formed during the recent uptrend is expected. The $3 support located in this area is extremely critical for TON.

If the $3 support fails, there is a possibility of a deeper correction down to the $2.50 levels. Therefore, investors are advised to closely watch this key support zone.

TON/USDT daily chart.

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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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TIA at Critical Levels: Is Selling Pressure Increasing?

Yigit Taha OZTURK — Tue, 11 Mar 2025 15:00:34 +0000

TIA, one of the prominent assets in the cryptocurrency market, saw a sharp decline of approximately 22% after breaking the rising trendline on the 4-hour chart. Following this steep drop, TIA is currently trading around $2.94, moving within critical levels in the short term.

In the recent hours, TIA rebounded from the $2.63 support level with buying pressure, gaining strong upward momentum and climbing to the $2.97 resistance level. This level stands out as a crucial resistance area from the current trend perspective. If the price manages to hold above $2.97, the Fair Value Gap (FVG) zone in the upper region may come into focus. Should this area be surpassed, the next resistance point at $3.31 could be targeted.

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However, if selling pressure increases at the $2.97 resistance and the price fails to break through, the price may revisit the $2.63 support level initially. If this support is lost, the decline could extend further towards $2.35.

TIA/USDT 4-Hour Chart

The current market structure indicates important support and resistance zones that investors should pay attention to in the short term. It is crucial for investors to closely monitor price movements at the $2.97 resistance and any potential reactions at the $2.63 support.

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Bitcoin at Critical Support: Could a Comeback Come?

Yigit Taha OZTURK — Mon, 10 Mar 2025 13:00:38 +0000

Following the major downturn recently experienced in the cryptocurrency markets, Bitcoin (BTC) is attempting to stabilize once again. On the daily chart, the price appears to be finding strong support around the 80,800$ level. This area has previously been tested multiple times and has acted as a significant demand zone where buyers tend to step in.

From a technical perspective, holding above 80,800$ could be a critical factor in shaping short-term price action. As long as this support remains intact, there is potential for a rebound towards higher resistance zones. However, if 80,800$ fails to hold, the next potential support levels to monitor are around 78,500$ and 76,200$.

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BTCUSDT.P 4-hour chart

In the coming days, particular attention will be on the macroeconomic data releases scheduled for Wednesday, along with statements from central bank officials. These events are likely to increase market volatility and play a role in determining Bitcoin’s next direction.

For now, 80,800$ serves as a key technical level. Whether buyers can maintain control at this point may signal the short-term trend for Bitcoin. Traders and investors are advised to monitor support and resistance areas closely in the days ahead.

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