technicalanalysis Archives - Coin Engineer

SUI Approaching Critical Levels in a Falling Channel!

Yigit Taha OZTURK — Mon, 03 Mar 2025 15:30:16 +0000

SUI continues to move within a falling channel on the 4-hour chart. The price was rejected from the upper boundary of the channel, leading to a pullback toward the 2.90$ – 2.77$ support zone. This area will be a crucial turning point for the price action.

If SUI finds strong support here, a potential breakout above the falling channel could push the price towards 3.57$. However, if 2.77$ support is lost, selling pressure may increase, bringing the price down to 2.38$, with the lower boundary of the falling channel acting as a major support.

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SUI/USDT 4-hour chart.

These levels will be crucial for SUI investors to determine potential buying opportunities or risk management strategies. Additionally, Bitcoin and Ethereum’s market trends will continue to play a key role in SUI’s price movements.

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Solana Enters Re-Accumulation Phase After Strong Rally!

Yigit Taha OZTURK — Mon, 17 Feb 2025 09:30:41 +0000

Solana (SOL) has recently experienced an impressive upward movement. However, in order to maintain this momentum, critical levels must be preserved. Currently, Solana is consolidating within a range, entering a re-accumulation phase.

Will a Liquidity Grab Occur?

In our previous Solana analysis, we mentioned that there could be deviations below the ascending trendline on the daily chart. These deviations are often aimed at collecting liquidity below. On the 4-hour chart, the $175 and $168 levels are key liquidity zones, and we could see price reversals from these areas.

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If the price moves towards the lower regions of the accumulation zone, potential manipulation moves could occur. However, if the price reclaims the accumulation box, it could create long trade opportunities. Therefore, traders should closely monitor these critical levels.

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Bitcoin Starts the New Week with a Decline!

Yigit Taha OZTURK — Mon, 17 Feb 2025 09:00:34 +0000

Over the weekend, Bitcoin experienced short-term fluctuations due to low trading volume. However, as the new week begins, selling pressure appears to persist. Especially with critical levels failing to hold, the market remains weak.

Is Selling Pressure Strengthening in Bitcoin?

The BTC/USD pair dropped as low as $95,700 over the weekend. While it remains uncertain whether the decline has fully played out, failing to close above $98,200 suggests that the market is still weak. With daily and weekly closes occurring at $96,000, selling pressure appears to be continuing.

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Key Support and Resistance Levels!

According to technical analysis, the most critical resistance level for Bitcoin is $98,200. If this level is not breached, the downward movement could persist. In the event of further pullbacks, $94,886 and $92,053 serve as key support levels.

In the short term, Bitcoin has a significant liquidity zone at $97,062. Breaking above this level could trigger an upward move. On the downside, the $95,374 level stands out as another notable liquidity zone.

Looking at the overall market outlook, investors should remain cautious. Increased volatility and key price level tests are expected throughout the week. If Bitcoin manages to close above $98,200, the chances of an upward trend could strengthen. Otherwise, selling pressure may persist, potentially leading to lower price levels.

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