The price continues to pump following the news of trading starting on the EDX exchange. The price is currently in an extremely overbought zone. Be cautious, as the correction after the pump is expected to be very strong. The nearest strong support level is the Point of Control (POC) zone and the weekly 100 MA.
The price has formed an ascending channel and is attempting to break above the middle line. A successful break above the middle line would potentially propel the price towards the upper boundary of the channel. On the other hand, a break below the lower boundary could lead to a sideways movement or initiate a local downward trend towards the $1 zone.
The price has successfully held above the $30,000 level, which is a key support level. A break below this level could initiate a local downward trend and potentially lower the price towards the weekly 100 EMA (Exponential Moving Average). On the bullish side, a scenario could involve a rise in price towards strong resistance levels at $32,000 and $34,000.
The price has broken above the resistance of the descending trendline and the weekly 100 and 200 EMAs. It may attempt to retest the $100 level before the upcoming halving event in August. The price is in a highly overbought zone, which could result in a correction to test support levels. The nearest significant resistance levels are the weekly 100 and 200 SMAs.
The price has broken above the trend line and has once again risen towards the resistance zone around $140, near the weekly 50 EMA. The price may repeat the previous scenario and undergo a correction for a retest of the trend line. A bullish scenario could push the price towards the resistance level of $190-$200.
The price has broken above the upper boundary of the channel, which is a strong bullish signal as I mentioned yesterday. The trend line, along with the moving average (MA), could act as a significant resistance level that might be difficult to breach. The price is in a zone of strong overbought conditions across multiple timeframes.
The price is attempting to break above the upper channel boundary and the weekly 100 EMA. A breakthrough of this resistance would be a strong bullish signal, potentially pushing the price above $28,000. However, a downward bounce and the formation of a bearish candle would indicate a potential decline towards the channel's mean line.