trend analysis 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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NEO Price Analysis: Key Support Levels and Possible Scenarios

Yigit Taha OZTURK — Thu, 03 Apr 2025 13:30:28 +0000

NEO has experienced a sharp decline from 8$ to 4.50$ on the 4-hour chart after losing its minor uptrend. This price movement necessitates a reevaluation of critical support and resistance levels.

Critical Support and Resistance Levels for NEO

The 4$ level is a crucial support zone for NEO. If this level is breached, the price could drop further to 3.50$.

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However, if 4$ holds as support and strong buying pressure emerges, NEO could rebound toward the Fair Value Gap (FVG) area. If it successfully surpasses this resistance zone, the price may extend gains toward 6$.

Technical Indicators: What Do They Suggest?

Support Levels:

4$: The primary support level; breaking below it could increase selling pressure.
3.50$: The next key support level if the downtrend continues.

Resistance Levels:

FVG Region (~5$ – 5.50$): The first resistance zone where selling pressure could rise.
6$: A potential target for bulls if momentum continues upward.

NEO/USDT pair 4-hour chart.

NEO’s price trajectory will be heavily influenced by its reaction at the 4$ support level. A sustained move below this level may lead to increased selling pressure, while holding above it could provide the foundation for a potential recovery towards 6$.

Investors should closely monitor 4$ and observe how NEO reacts around the FVG region. RSI and MACD can provide crucial signals on whether the trend is shifting.

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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TON Price Analysis: Downtrend Broke, Target Reached!

Yigit Taha OZTURK — Fri, 21 Mar 2025 15:00:50 +0000

TON (The Open Network) successfully broke its previous descending trendline after testing it at a key resistance level we highlighted in our previous analysis. Following the breakout, TON retested the trendline and confirmed it as new support before rallying towards our initial target zone. This movement fulfilled the short-term bullish outlook we anticipated.

Current Price Action and Status

After reaching the 3.10 – 3.20 USDT target zone, TON faced selling pressure and saw a rejection at that resistance level. Currently, the price is expected to find support at the 2.80 – 2.90 USDT area, which corresponds to the previous trendline breakout level. If buyers step in at this zone, TON could gain bullish momentum once again.

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Potential Scenarios

If TON holds above the broken descending trendline, buyers may push the price toward the 3.30 USDT FVG (Fair Value Gap) zone. A breakout above this level could open the door for further upside toward 3.50 USDT and beyond.
If TON loses support at 2.80 USDT and closes below it on the daily timeframe, the price could fall back toward the 2.60 USDT support zone. Further weakness could bring 2.40 – 2.50 USDT back into focus.

TON/USDT daily chart.

The recent trendline breakout and successful target achievement offer positive signals for TON. However, the resistance area has triggered profit-taking, and short-term sideways or slightly bearish price movements may follow. Holding above the 2.80 USDT support zone is crucial for maintaining a bullish structure in the medium to long term.

Traders are advised to monitor support and resistance levels closely and adjust their strategies accordingly. If TON re-enters the descending trendline zone, downside risks may increase.

The post TON Price Analysis: Downtrend Broke, Target Reached! appeared first on Coin Engineer.

ATOM Breaks Downward Trend: Will It Rise?

Yigit Taha OZTURK — Tue, 18 Mar 2025 16:00:54 +0000

ATOM, one of the popular layer-1 blockchains, is back on investors’ watchlists. Especially on the 4-hour chart, the recent close above the descending trendline has provided a short-term optimistic outlook. However, the price has currently pulled back after facing rejection from the bearish FVG (Fair Value Gap) zone. This indicates that bears are still active in the market.

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.

ATOM/USDT 4-hour chart.

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Solana (SOL) at a Critical Level: Will the Decline Continue?

Yigit Taha OZTURK — Fri, 28 Feb 2025 14:30:45 +0000

As volatility continues in the crypto market, Solana (SOL) is trading at crucial technical levels. After breaking the rising channel on the daily chart, SOL has experienced a significant drop and is currently at a critical support zone.

The bullish Fair Value Gap (FVG) zone ($126 – $120) holds major significance. If this region is broken downward, the next strong support level is at $110.

On the upside, if SOL holds this support and initiates an upward movement, the first resistance level will be the bearish FVG zone ($146.5 – $166). Within this FVG, the $161 level also serves as an additional resistance. If the price breaks above $161, the next target will be $181.

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SOL/USDT daily chart.

The overall market sentiment and the performance of Bitcoin (BTC) and other major altcoins will play a crucial role in determining SOL’s price direction. Investors should closely monitor the $126 – $120 support range in the coming days.

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USDT Dominance Rises: Critical Resistance Level Being Tested!

Yigit Taha OZTURK — Fri, 28 Feb 2025 09:00:46 +0000

As volatility continues in the cryptocurrency market, USDT Dominance (USDT.D) has reached 5.55% for the first time since October 14, 2024. The 8.5% increase in the last 24 hours indicates that investors are shifting towards stablecoins. This surge suggests that market risk appetite is decreasing and investors are moving their assets to Tether (USDT) as a safe haven.

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From a technical perspective, USDT.D is currently at a critical resistance level. The order block at 5.52% is a key level for a continued upward movement. If a daily close occurs above this level, the next resistance point will be 5.90%. However, if it faces rejection, the nearest support level is the 4.79% – 4.60% Fair Value Gap (FVG) zone. Losing this support could lead to further declines toward 4.38%.

USDT.D daily chart

Historically, USDT Dominance rises during periods of increased selling pressure in Bitcoin (BTC) and the altcoin market. If this uptrend continues, market-wide selling pressure could intensify. However, if USDT.D declines, investors may start reallocating funds into riskier assets, leading to a potential altcoin market recovery. In the coming days, Bitcoin and major altcoins’ price movements will be the key factors in determining the market’s direction.

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HBAR at a Critical Level! Which Levels Are Key for a Breakout?

Yigit Taha OZTURK — Mon, 24 Feb 2025 16:00:27 +0000

The HBAR/USDT pair continues to move within a downtrend on the 4-hour chart. Recent price action shows that a candle has moved above the descending trendline, but a confirmed breakout has not yet occurred. This uncertainty means that the market has not yet provided a clear signal for trend reversal. At the same time, the price appears to have been rejected from the first resistance level, the order block zone.

Such rejections often indicate strong selling pressure at key resistance levels, playing a crucial role in determining the market’s direction. If the price faces significant resistance at this level and starts declining again, the chances of a downward move will increase. However, breaking above this level would be a strong indicator of bullish momentum.

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Key Support and Resistance Levels for HBAR

If the price closes above the order block level, the chances of an upward continuation will strengthen. In this scenario, the next significant resistance level to watch is $0.245. If this level is successfully breached, the next target for HBAR could be the broader order block zone. Traders should closely monitor this area to determine potential take-profit levels in case of a breakout.

HBAR/USDT pair 4-hour chart.

However, if the price falls back inside the descending trend and remains there, downside risks could increase. In this case, the first crucial support level stands at $0.20. This level has historically been an area of high buying interest. If this support fails, selling pressure could intensify, potentially pushing the price down to $0.17.

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Jupiter at Critical Support Zone! Will the Downtrend End?

Yigit Taha OZTURK — Tue, 18 Feb 2025 09:30:53 +0000

Jupiter (JUP) continues to test significant technical levels. On the daily chart, if the price drops below the 0.7076 USD level, the 0.63 – 0.65 USD support range becomes highly crucial. This area hosts an unused order block, which indicates that it could provide strong support. A pullback to this region could potentially present a buying opportunity.

Jupiter’s Decline and Key Support Levels

Jupiter has made its way down to important price zones. In the daily chart analysis, if the price breaks below 0.7076 USD, the 0.63 – 0.65 USD range will become an important support zone. This area includes an unused order block, suggesting strong buying interest could emerge if the price reaches this level.

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Moreover, previous price actions and trading volumes have made this area a significant price region. If tested, it could trigger strong buying pressure, and the price might bounce back. However, if the price falls below this support, further selling pressure may follow.

What’s Happening on the 4-Hour Chart?

On the 4-hour chart, Jupiter has broken its previous downtrend, attempted a rally but has pulled back to the current support after testing a downward order block level. This indicates that Jupiter is facing a struggle to hold the current levels. The downward FVG (Fair Value Gap) region can serve as a potential resistance level to monitor. Traders may be waiting for a reversal signal at this level.

If the FVG region is broken, the upward movement might strengthen, pushing the price to test higher untested resistance levels. However, the crucial point to watch here is whether buyers will step in. If they do, the price could stabilize and move higher.

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The Latest on Bitcoin and Cryptocurrencies: December 27

Yigit Taha OZTURK — Fri, 27 Dec 2024 17:32:49 +0000

What’s the Latest in Bitcoin and Popular Altcoins? Will the Uptrend Continue? We’ve analyzed the key support and resistance levels, liquidations, top gainers and losers, upcoming events, and more for you!

Bitcoin Intraday Key Levels

BTC/USDT pair has gained 1.19% in the last 24 hours and is currently trading at $96,766. Bitcoin (BTC) appears to have faced resistance at $97,362, as mentioned in earlier analyses. If it breaks through this resistance, the next target will be the $99,304 resistance level. On the downside, the support levels stand at $94,703 and $93,138.

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Ethereum (ETH): ETH/USDT pair has risen 1.50% over the last 24 hours and is currently trading at $3,425. For Ethereum (ETH), the resistance levels are at $3,440, followed by $3,535. On the downside, support is located at $3,290 and $3,217.

Immutable (IMX): IMX/USDT has surged 6.27% in the past 24 hours, trading at $1.44. Resistance for Immutable (IMX) stands at $1.462, with further resistance at $1.542. Support areas are found at $1.326 and, if the decline deepens, $1.27.

dYdX (DYDX): DYDX/USDT has jumped 9.23% in the last 24 hours and is trading at $1.62. Resistance levels for dYdX (DYDX) are at $1.6556 and $1.8257. On the downside, support levels are $1.40 and $1.27.

Theta Network (THETA): THETA/USDT has gained 5.56% in the past 24 hours, currently trading at $2.32. Resistance for Theta Network (THETA) is at $2.327, followed by $2.45. Support levels are at $2.10 and $1.756.

Trending Coins

The most trending coins in the last 24 hours include Pudgy Penguins (PENGU), Spore (SPORE), and Virtuals Protocol (VIRTUAL).

Top gainers are led by GMT (GMT), Across Protocol (ACX), and Redbelly Network (RBNT).

On the flip side, the biggest losers are DeXe (DEXE), Usual (USUAL), and Mog Coin (MOG).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, a prominent liquidation is spotted at $98,216 on the upper side, totaling $17 million. On the lower side, a significant liquidation at $94,423 amounts to $35.62 million.

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