SYN ANALYSIS📊 #SYN Analysis : Update
✅ Here we can see the price is around its major support zone. Falling wedge pattern is forming and 2 times bullish move from the same support point. We would see a good breakout soon and achieve our targets
👀Current Price: $0.4542
🚀 Target Price: $0.9700
⚡️What to do ?
👀Keep an eye on #SYN price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#SYN #Cryptocurrency #TechnicalAnalysis #DYOR
BTC-D
Turn off the log and see the Bitcoin waves.The Bitcoin market is delivering a powerful signal as it not only hit but exceeded the monumental $100K milestone.
This follows three significant bull runs characterised by substantial retail participation in 2017, 2021, and the dramatic surge leading up to Trump's presidential inauguration on Jan 20th 2025.
You don’t have to be an expert in Elliott Wave theory to recognise the five prominent upward waves and the three smaller downward waves (a, b, c) illustrated on this monthly chart.
Elliott Wave theory serves as a tool in technical analysis, helping to interpret a security's price fluctuations over time by pinpointing recurring eight-wave patterns within the return data.
Ralph Nelson Elliott unveiled his groundbreaking theory in the 1930s, gaining recognition for accurately forecasting the stock market's lowest point in 1935 through meticulous analysis of long-term indices and historical trends. The Elliott wave theory serves as a technical analysis framework, asserting that stock price fluctuations primarily manifest in waves rather than straightforward patterns. This approach shares notable similarities with the Dow theory, as both suggest that price movements unfold in waves rather than mere linear sequences.
Do you think we might have actually experienced a left-translated bull run? Or do you feel this is merely a reset in sentiment, characterised by sideways price movements, while crypto still has the potential to soar to the lofty heights that mainstream influencers eagerly promote?
GRT Long Spot OpportunityMarket Context:
GRT has retraced to a key support zone and is presenting a potential bounce-back opportunity for a long position.
Trade Details:
Entry Zone: $0.125 - $0.14
Take Profit Targets:
$0.18 - $0.20
$0.2350 - $0.2550
Stop Loss: Just below $0.12
This setup offers a solid risk-to-reward ratio if the support holds. Watch for any price reaction at this level! 📈
Bitcoin below $96K – Miners trigger a sell-offThe price of Bitcoin (BTCUSD) has dropped more than 3% in the past 24 hours, closing around $96,000 amid aggressive selling by miners. Over 2,000 BTC have been transferred to centralized exchanges since Bitcoin’s recovery to GETTEX:98K , intensifying downward pressure on the market.
This price decline is driven by miners’ efforts to reduce their reserves in response to market instability. At the same time, Bitcoin mining difficulty has increased by 5.6%, signaling new challenges for the industry and adding pressure on the cryptocurrency’s value. Typically, asset transfers to centralized exchanges indicate a readiness to sell, whereas transfers to custodial wallets suggest long-term holding.
Over the past two weeks, Bitcoin has repeatedly dropped below the $100K mark, influenced by uncertain U.S. trade policies and negative macroeconomic signals from the Labor Department report. A brief recovery failed to sustain bullish momentum, leading to large-scale sell-offs and further price declines, keeping altcoins under constant pressure.
As a significant part of institutional Bitcoin demand, miners continue to shape market dynamics. However, over the past seven days, selling activity has slowed as investors anticipate a potential price rebound.
FreshForex analysts forecast that BTCUSD retains the potential for recovery and even new all-time highs, while Standard Chartered suggests Bitcoin could reach $500K by 2028.
Bitcoin Dips to $94K Amid Hotter-Than-Expected US CPI DataThe cryptocurrency market experienced a sharp selloff following the release of the latest US Consumer Price Index (CPI) data, which came in hotter than expected. Bitcoin, the flagship cryptocurrency, fell by 3% to $94,000, reflecting the broader market’s reaction to rising inflation concerns. The January CPI data revealed a 3% year-over-year (YoY) increase, up from December’s 2.9%, while the monthly CPI rose to 0.5%, exceeding market expectations. This unexpected spike has reignited fears of a prolonged hawkish stance by the Federal Reserve, dampening investor sentiment across both traditional and crypto markets.
Inflation Woes and Macroeconomic Pressures
1. Hotter-Than-Expected CPI Data
The US Labor Department reported that the January CPI inflation rose to 3% YoY, surpassing the market consensus of 2.8%. On a monthly basis, inflation increased to 0.5%, up from December’s 0.4%. Core CPI, which excludes volatile food and energy prices, also came in higher than expected at 0.4% monthly and 3.3% YoY. These figures indicate that inflationary pressures remain persistent, complicating the Federal Reserve’s path to rate cuts.
2. Federal Reserve’s Hawkish Stance
The Federal Reserve has maintained a cautious approach to monetary policy, with Chair Jerome Powell emphasizing the need for more evidence of cooling inflation before considering rate cuts. The hotter CPI data has further solidified the Fed’s position, reducing the likelihood of near-term rate cuts. This has weighed heavily on risk assets, including cryptocurrencies, as higher interest rates typically reduce liquidity and investor appetite for speculative investments.
3. Impact on Crypto Market Sentiment
The crypto market has been highly sensitive to macroeconomic data, and the latest CPI release has exacerbated existing fears. The global crypto market cap fell by 3.3% to $3.1 trillion, with Bitcoin leading the decline. The US 10-year Treasury yield surged by 2.05% to 4.630%, while the US Dollar Index (DXY) rose by 0.42% to 108.290, adding further pressure on Bitcoin and other cryptocurrencies.
Technical Analysis
1. Immediate Price Reaction
Bitcoin’s price dropped sharply from $96,488 to $94,000 within minutes of the CPI data release. This decline reflects the market’s immediate reaction to the negative macroeconomic news. As of writing, Bitcoin is down 1.23%, trading near the oversold region with a Relative Strength Index (RSI) of 38.
2. Key Support and Resistance Levels
- Support: If selling pressure persists, Bitcoin could test the $80,000 support level, a critical psychological and technical threshold.
- Resistance: A breakout above the 38.2% Fibonacci retracement level could reignite bullish momentum, potentially pushing Bitcoin back toward the $100,000 mark.
3. Chart Patterns and Indicators
Bitcoin’s price action is currently hovering near key moving averages, indicating a tug-of-war between bulls and bears. The RSI at 38 suggests that Bitcoin is nearing oversold territory, which could attract buyers looking for discounted entry points. However, the overall trend remains bearish in the short term, with the falling RSI and declining price action signaling caution.
4. Market Sentiment and Volume
Trading volume has spiked following the CPI release, indicating heightened market activity. The increased volume during the selloff suggests that investors are reacting strongly to the macroeconomic data, with many opting to take profits or reduce exposure to risk assets.
Conclusion:
The latest US CPI data has underscored the crypto market’s sensitivity to macroeconomic developments, with Bitcoin and other digital assets experiencing significant volatility. While the short-term outlook remains uncertain, the long-term potential of Bitcoin and the broader crypto market remains intact.
MEUSDT Falling Pattern Breakout with 200%-250% Potential GainsMEUSDT has recently broken out of its Falling Pattern, signaling the potential for a strong price rally. A Falling Pattern often sets the stage for a reversal, and with the breakout now complete, MEUSDT is poised to enter a bullish phase. The pattern, which typically consists of lower lows and lower highs, has now formed a solid foundation for the price to move upward. With good volume supporting this breakout, there’s strong market confidence in the project, and traders are anticipating a surge in price. The expected gain range for this move is substantial, with projections of 200% to 250%+, making this a highly attractive opportunity for those looking to capitalize on significant upside potential.
The breakout from the Falling Pattern is a key technical event that signals a shift in market sentiment. As the price pushes higher, the breakout confirms that the bears may have lost control, and the bulls are now taking charge. With volume continuing to support the move, it increases the likelihood that MEUSDT will maintain upward momentum. As more traders and investors take notice of this development, the price could continue to rise, potentially testing previous highs and delivering substantial returns for those who timed their entry correctly.
Investor interest in MEUSDT has been growing, and this breakout has captured the attention of many in the crypto community. The combination of a completed Falling Pattern, solid volume, and growing market sentiment creates a perfect setup for significant gains. If MEUSDT continues to follow the expected bullish trajectory, it could quickly move into a new price range, delivering impressive returns to traders who are quick to act. This could be the beginning of a strong bullish trend for MEUSDT, and those who enter at the right time could see massive profits.
As always, it's important for traders to watch key resistance levels and price action carefully. The next few price movements will determine whether MEUSDT can maintain its bullish trend and reach the expected gains. Given the current breakout and the positive technical indicators, MEUSDT presents an exciting opportunity for traders looking to profit from the next major move in the crypto space. Keeping an eye on volume and support levels will be essential to navigating this setup successfully.
BTC - Building Block - UpdateHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
After breaking below the $100,000, BTC entered the Short-Term bearish phase.
For the momentum to be shifted again to bullish, a break above the $100,000 is needed.
📈 Long-Term Bullish:
If the $108,500 level is broken to the upside, BTC is expected to enter a long-term bullish block, initiating a new bullish phase toward the $125,000 mark.
📉 Long-Term Bearish:
If the $90,000 level is broken to the downside, a long-term bearish movement toward the lower bound of the long-term bearish block, around the $75,000 mark, is expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Prepere yourself for buying opportunities ... So there we are ... CPI little bit higher than exceptating , powel clearly talks about monetary policy and Trump goin wild with tarrifs ... what to except in this macro&political economic driven environment ? I don't think it will grow to extreme values now. Rather, there will be some more carving and from a short-term perspective an opportunity to buy at a good price ... Well, it is very important, at least for me in this environment of a trade war combined with a period when historically the Fed has raised rates and not lowered them as many expect. It is important to take profits and hold losses short and uncompromisingly exit losing positions. The year 2025 will be full of opportunities, which goes hand in hand with pain. What is heaven for one guy is hell for another guy. I am a fan of everyone who tries to make money in this environment and I hope to rob you of your money. Because that is what the market is about. Good luck and enjoy your game
"Gold Price Analysis: Key Support Break Could Target 2865 and LoThe chart shows that gold (XAUUSD) is currently in a descending channel after a strong uptrend. The price is testing a major support zone around 2883, and a break below this level with bearish confirmation could lead to further downside. the bearish structure suggests more downside pressure. Keep an eye on confirmation signals before taking a position.
If gold breaks below 2883, the first short-term target would be 2865. If bearish momentum continues, the next target would be around 2845, followed by the key support at 28 72. Watch for confirmation before entering a position.
Bitcoin Analysis—Bulls vs Bears—Who Will Win This Battle!?As I expected in the previous post , Bitcoin ( BINANCE:BTCUSDT ) attacked the Support zone($96,520-$95,720) and 100_SMA(Daily) but started to rise again. The increase in the last few hours has NOT been accompanied by high volume so far.
Bitcoin is moving in the Resistance zone($100,520-$97,200) and near the Potential Reversal Zone(PRZ) , the upper lines of the Falling Wege Pattern , the Monthly Pivot Point , and 50_SMA(Daily) .
According to the theory of Elliott waves , Bitcoin seems to have succeeded in completing the Expanding Flat(ABC/3-3-5) near the upper lines of the Falling Wege Pattern . If Bitcoin goes above $99,200 , this wave count will expire .
Educational tip : If you cut the falling wedge pattern exactly in half, you will notice that most of the candles are in the lower half, and whenever Bitcoin hits the upper lines, it starts to fall immediately, which means that the power of sellers is more than buyers. Although the wedge pattern is a bullish pattern, we cannot expect an increase until the upper line is validly broken.
I expect Bitcoin to re-attack the 100_SMA(Daily) and Support zone($96,520-$95,720) in the coming hours, and if it breaks , it will also attack the lower line of the falling wedge pattern .
Note: If Bitcoin breaks the upper lines of the falling wedge pattern in huge volumes, we should most likely wait for the break of the Resistance zone($100,520-$97,200). However, the main resistance of Bitcoin is the $107,000 range.
Note: If Bitcoin manages to break the lower line of the falling wedge pattern and 100_SMA(Daily), we should wait for Bitcoin to attack the Heavy Support zone($93,300-$90,500) and Support lines.
Which scenario do you think will happen to Bitcoin?
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Is BTC Gearing Up for a Bullish Reversal? Here’s My Game Plan!👀 👉 In this video, we analyze BTC, which is currently rangebound. On the 4-hour chart, I’m noticing equal lows followed by a liquidity sweep, then a higher low and a higher high. If Bitcoin breaks above the current range high, I’ll be looking to buy. However, if it trades lower, breaks the range low, and fails a retest, a short setup would be more suitable. We’ll cover trend analysis, price action, market structure, and both bullish and bearish scenarios. Not financial advice.
BTCUSDBTC/USD is showing a potential buy opportunity following a breakout of the downward trend on the 30-minute timeframe. This breakout signals a possible shift in momentum toward the upside.
Trade Setup:
🟢 Buy Entry: 96,000
🔴 Stop Loss: 94,900 (Below key support to manage risk)
Target Levels:
✅ Target 1: 97,100
✅ Target 2: 97,800
✅ Target 3: 98,500
Risk Management:
⚠️ Always use a stop loss to protect capital in case of unexpected reversals.
📊 Risk-to-reward should be at least 1:2 or 1:3 for optimal trade setups.
💰 Avoid overleveraging—proper position sizing ensures account sustainability.
👀 Monitor price action closely, and adjust stop-loss levels as the trade moves in profit.
If BTC/USD holds above 96,000, bullish momentum could drive prices toward the targets. However, patience and confirmation from price action are key before entering the trade.
MicroStrategy - Bitcoin Holdings Chart & Purchase HistoryPrices and volumes of Bitcoin purchases at MicroStrategy
Over 9k BTC at an average price of 58000. 19452 Btc at $52765.
Even these whales are buying at the tops and sitting in the minuses for years
The largest holder of Bitcoin on the planet is not Microstrategy , but the Chinese government, cryptoanalysts found (twitter.com/cryptoquant_com).
In 2019, Chinese authorities confiscated 194 thousand #BTC , 833 thousand #ETH and other coins as a result of an investigation into PlusToken fraud. To this day, the confiscated crypto lies in the wallets of China's national treasury.
In comparison, MicroStrategy has about 130,000 bitcoins .
27 march
MicroStrategy repaid its $205M Silvergate loan at a 22% discount . As of 3/23/23, $MSTR acquired an additional ~6,455 bitcoins for ~$150M at an average of ~$23,238 per #bitcoin & held ~138,955 BTC acquired for ~$4.14B at an average of ~$29,817 per bitcoin .
Best regards EXCAVO
Bitcoin bullish momentum ending very soon...Past Cycle Behavior:
Bitcoin showed strong bullish momentum in the past.
Many positive news updates came for Bitcoin and blockchain.
Despite this, Bitcoin completed its cycle and dumped for 13 months.
Current Market Situation (2025):
Bitcoin is now completing a 33-month bullish cycle in October 2025 (similar to past trends).
RSI divergence is forming, which often signals a trend reversal.
Again, positive news is coming for Bitcoin, just like before.
Time Cycle Theory in Trading:
Time cycles often work in financial markets, repeating past patterns.
However, this does not guarantee future price movements.
Risk Management (Important for Beginners):
Always set a Stop Loss (SL) to protect your capital.
Never risk more than 2% of your total trading balance on a single trade.
Even if the analysis is strong, market conditions can change anytime.
BTCUSD- hi friends, I use different strategies to make my analysis. So , this is my short term trade for BTCUSD. Thank you so much and have a safe trading ahead. please be careful with your trade and trade according to your account balance after checking all the safety parameters, i.e. Risk management, etc
thank you and have a good time aheaa
BTC LONG TP:99,200 10-02-2025We are looking for a long opportunity in Bitcoin within a demand zone, aiming to reach 99,200 for profit-taking. This analysis is based on a two-hour timeframe, so it is expected to be fulfilled within 12 to 24 hours. I encourage you to follow me for updates on this trade.
Next Volatility Period: Around February 16
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
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USDT and USDC are both renewing their ATH.
I think the gap increase of USDT and USDC is a sign of funds flowing in.
Therefore, we can see that a lot of funds are flowing into the coin market.
(BTC.D 1M chart)
If BTC dominance rises above 62.47, altcoins are likely to show a larger decline, so you should think about a response plan for this.
The rise in BTC dominance means that funds in the coin market are concentrated toward BTC.
BTC dominance does not mean that BTC is rising or falling.
(USDT.D 1M chart)
The rise in USDT dominance is likely to lead to a decline in the coin market.
If USDT dominance rises above 4.97, the coin market is likely to plummet.
Also, it is likely that it is already in a downward trend.
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Why is it falling when funds are flowing into the coin market?
I think it's because there's been a lot of upside, so it's expensive to buy now and profit taking is happening.
BTC is still in an ambiguous position to say that the downtrend has started.
I think that in order for the downtrend to start, it needs to fall below the Fibonacci ratio point of 1.618 (89050.0) and show resistance.
-
(BTCUSD 1D chart)
What we need to pay attention to is the trading volume.
If the price falls as the trading volume increases, it is likely to lead to further declines.
In other words, the possibility of continuing the downtrend increases.
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(BTCUSDT 1D chart)
I think indicators such as Bollinger Bands or Price Channels well express the nature of returning to the mean by forming a channel and confirming the convergence and divergence of the channel.
Currently, since it is maintaining a state of falling below the lower line of the Price Channel indicator, it shows that the force to fall is strong, and at the same time, it shows that the force to return to the mean is getting stronger.
Accordingly, if it rises above the lower line of the Price Channel indicator and maintains the price, it is expected to quickly return to the mean.
The currently set Price Channel indicator uses the MS-Signal indicator as the median, so the key is whether it can rise above the MS-Signal indicator and maintain the price.
-
The newly added indicator this time is the StochRSI 50 indicator.
The most commonly used interpretation of the StochRSI indicator is the movement when it leaves the overbought or oversold zone.
However, as I mentioned earlier, the basic principle of the chart is regression to the mean, so the 50 point of the StochRSI indicator has an important meaning.
Therefore, it is judged that when the StochRSI indicator passes the 50 point, it is likely to act as support and resistance.
However, since the StochRSI indicator is located at both ends of the price candle as an auxiliary indicator, it may be difficult to intuitively see and interpret, so it was added to the price chart.
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Due to this decline, the HA-High indicator on the 1W chart is likely to move from the 94742.35 point to the 97226.92 point.
Accordingly, the existing 97461.86 point is expected to play an increasingly important support and resistance role.
Therefore, when the MS-Signal (M-Signal on the 1D chart) indicator falls to around 97461.86, the key is whether the price can rise and be maintained around that level.
-
This volatility period is expected to continue until February 10.
The next volatility period is expected to be around February 16 (February 15-17).
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If the price falls while trading spot, it is not a good idea to wait without taking any action because you are at a loss.
However, if you respond too hastily, you may suffer double losses due to volatility, so you need to be careful.
Therefore, you need to check the point where you can realize profits in the big picture and have the mindset to sell a portion of the purchase principal at any time.
For this, I provide the MS-Signal indicator, BW (100), and HA-High indicators as representative indicators in my chart.
The fact that BW(100) and HA-High indicators were created means that it has fallen from the high point, so it means that the indicator point is likely to be the resistance point.
Therefore, it means that when it shows resistance near the indicator point, it is the time to sell in parts.
Since the MS-Signal indicator is an indicator for viewing trends, a drop below the MS-Signal indicator means that the trend is likely to turn downward.
If you sell some of the coins when these indicators show resistance and buy back the amount sold when the price drops, the number of coins (tokens) you hold will increase.
Ultimately, the longer the investment period, the greater the profit will be.
I call this method increasing the number of coins (tokens) corresponding to profit, or increasing the quantity.
If you sell the amount corresponding to the purchase principal in this way, the number of coins (tokens) corresponding to profit will eventually remain, and this will be in a state where the average purchase price is 0.
If you increase the number of coins (tokens) with an average purchase price of 0 in this way, you will always be in a state of profit even if there is a large volatility.
Then, you will be able to conduct transactions more stably.
At this time, what you need to pay attention to is the average purchase price provided by the exchange.
You should ignore this and conduct transactions based on the purchase price.
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Thank you for reading to the end.
I hope you have a successful transaction.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems that it has been maintaining an upward trend following a pattern since 2015.
That is, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend.
Accordingly, the uptrend is expected to continue until 2025.
-
(LOG chart)
As you can see from the LOG chart, the uptrend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we expect that we will not see prices below 44K-48K in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
How to view and respond to this is up to you.
When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance.
This is because the user must directly select the important selection points required to create Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies.
1st : 44234.54
2nd : 61383.23
3rd : 89126.41
101875.70-106275.10 (Overshooting)
4th : 134018.28
151166.97-157451.83 (Overshooting)
5th : 178910.15
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$BTC Current Decline Analysis - 2/11/2025CRYPTOCAP:BTC Update:
Wave (e) revealed the pattern (wxy), highlighting the complex structures of waves w and x, which looks like a 'distribution' behavior. This leaves us with a fast pace decline in wave y, targeting a projected level that coincides with wave (e) target of $87,222
#BTC #BTCUSD #Bitcoin CRYPTOCAP:BTC
* This is how I see it, just sharing my view!
Cheers!
BITCOIN short term bearish bias#bitcoin #btc price has been declined from 4H Ema ribbons and ichimoku span resistance. In my previous ideas, i said CRYPTOCAP:BTC has entered distribution zone and the last phase (major sign of weakness) hasn't confirmed, yet but it' s proceeding! Only a new ATH (with not fake movement for only taking liquidations) may invalidate Wyckoff' s distribution schematic #btcusd has been in.
CAKEUSDT Falling Pattern Setup with 100%-150% Potential Gains CAKEUSDT has recently formed a Falling Pattern, a chart formation that typically signals a period of consolidation or potential reversal. This pattern is often seen in markets that are in the process of finding a bottom before making a sharp upward move. For CAKEUSDT, the pattern is accompanied by good volume, which indicates that there is solid market interest and a buildup of potential for a breakout. With a projected gain range of 100% to 150% or more, traders are watching this pair closely, hoping to capitalize on what could be a significant upward move once the price breaks out of the pattern's resistance.
The Falling Pattern typically shows a series of lower highs and lower lows, followed by a potential breakout when the price moves through the key resistance level. The increasing volume during this phase suggests that buyers are starting to take control, positioning themselves for a potential rally. Investors are growing more interested in CAKEUSDT as it shows signs of bottoming out and setting up for an explosive upward movement. If this pattern follows through, traders could see substantial returns as the price looks to reclaim its previous highs.
As with all chart patterns, the success of the Falling Pattern in CAKEUSDT depends on several factors, including broader market conditions and the overall sentiment in the crypto space. However, the good volume backing this pattern suggests a higher likelihood of a strong reversal. If CAKEUSDT can break above the resistance formed by the Falling Pattern, the next phase could be a sharp rally, potentially pushing the price higher and providing traders with significant profit opportunities.
Traders should remain cautious and monitor key support and resistance levels to make informed decisions as the price action unfolds. If the market continues to favor bullish momentum, CAKEUSDT could experience a strong breakout that leads to notable gains. Given the current technical setup and investor interest, this pair could be one to watch closely in the coming days or weeks for those looking to capitalize on the next big move.
"Gold Price Rebounds from Major Support, Eyeing Key Resistance LThis chart represents a 1-hour time frame analysis of gold (XAUUSD). The price recently tested a major support zone and showed signs of rejection, indicating potential bullish momentum.
A possible target for the upside move is around the 2,926 resistance zone, with the first target at 2,904. The price structure suggests that if the support holds, buyers may push the price toward these levels. However, a failure to hold above the support zone could signal further downside.