VIP MARKET UPDATE: $POL ➖➖➖➖➖➖➖ $POL is trading around 0.0896 after a sharp breakdown that took price below the 0.0900 horizontal support. The latest 6H candles show aggressive selling pressure that has flushed price into the descending trendline support near 0.0870. Momentum has clearly shifted bearish following the rejection from the 0.1045 highs earlier in the month.
A clean reaction off the descending trendline near 0.0870 would set up a relief bounce back toward 0.0920–0.0950. A breakdown below 0.0870 on a 6H close would invalidate this support and accelerate the move toward the 0.0850 area. Reclaiming 0.0900 would be the first sign of stabilization heading into a recovery attempt. ➖➖➖➖➖➖➖ #pol
VIP MARKET UPDATE: $NEAR ➖➖➖➖➖➖➖ $NEAR is trading around 2.158 after a remarkable rally that took price from the 1.285 demand zone all the way to the 2.30 highs, completing the bullish setup in its totality. The previously highlighted entry near 1.28 played out exceptionally well, with price reacting cleanly off support and delivering a clean run that broke through the 2.00 psychological level with strong momentum. The setup is now fully accomplished with an outstanding return on the entire move.
Following the run, price is showing a healthy pullback from the 2.30 highs and is now consolidating near 2.15. A clean hold above 2.10 keeps momentum constructive and opens the door for another push toward 2.30 and beyond. A deeper retracement would bring the 2.00 level back into play as a key support, while a return to the 1.70–1.80 area would offer a fresh re-entry opportunity on continuation. ➖➖➖➖➖➖➖ #Near
VIP MARKET UPDATE: $BTC $BTC ➖➖➖➖➖➖➖ $BTC is trading around 75,830 after breaking below the ascending trendline that had been supporting price since mid-April. The latest 4H candle shows a sharp rejection from the symmetrical triangle's lower boundary, with price slipping below the critical 76,000 area and briefly tagging into the 75K zone. This breakdown marks a significant shift in structure on the lower timeframe.
The loss of the ascending trendline now exposes the 74,000–75,000 zone as the next major support area, where the late April lows come into play. A reclaim back above 77,000 would be needed to neutralize the breakdown and shift momentum back to the bulls. Failure to recover quickly opens the door for a deeper flush toward the 73,500 area, which marks the broader range support. ➖➖➖➖➖➖➖ #BTC
VIP MARKET UPDATE: $ENA ➖➖➖➖➖➖➖ $ENA spiked to 0.1350 before rolling into a sharp correction, now trading near 0.0801. Looking at the structure, price is holding the long-term uptrend line around 0.1020—this is the critical support that keeps the broader bullish structure intact. As long as this level holds on closes, recovery toward 0.1100–0.1150 remains viable.
A break below the trendline however would open the door to 0.0980–0.1000 as the next major support level. The long-term diagonal support has carried price higher since April, suggesting buyers remain interested despite the recent volatility. The key to watch: does 0.1020 hold? ➖➖➖➖➖➖➖ #ENA
VIP MARKET UPDATE: $BTC ➖➖➖➖➖➖➖ $BTC closed April around the 76,200 area, capping a turbulent month that saw price recover from a deep wick into the 64,000 area before stabilizing back near the close. Looking at the broader monthly structure, Bitcoin has been in a clear corrective phase since printing the all-time highs near 124,000 earlier this year, with the past several months forming a series of lower highs and lower lows that have eaten into the gains accumulated throughout the 2024 rally. April itself is closing as a doji-like candle, suggesting indecision at this critical juncture rather than a clean continuation in either direction.
The most important takeaway from the monthly view is that BTC is at a pivotal moment heading into May. As long as the 70,000 area continues to hold as support on monthly closes, the broader bullish structure of the cycle remains intact and a recovery toward the 90,000–100,000 zone remains feasible. A monthly close below the 70,000 area however would represent a significant shift in market structure and put the broader bull cycle in question, opening the door toward the 60,000–65,000 zone as the next major support. The macro environment with the US-Iran standoff and the Fed holding rates steady continues to add volatility, but the monthly chart remains the clearest read on the broader trend. ➖➖➖➖➖➖➖ #BTC
VIP MARKET UPDATE: $XMR ➖➖➖➖➖➖➖ $XMR is trading around the 383 area after pushing aggressively to fresh highs near 415 before pulling back, with the broader ascending channel that has been in place since February still very much intact. The structure has been one of the cleanest on the longer timeframes, with both boundaries respected consistently throughout, and price is now consolidating in the upper portion of the channel after the recent breakout move that was highlighted in the last update.
As long as XMR holds above the 370 area, the broader bullish structure remains intact and another push toward the 400–415 zone is the most likely continuation. A loss of the 370 area would shift focus toward the mid channel and the 350 zone below, but only a decisive break of the lower channel boundary would invalidate the broader bullish thesis that has been building for months. ➖➖➖➖➖➖➖ #XMR
VIP MARKET UPDATE: $BNB ➖➖➖➖➖➖➖ $BNB is trading around the 617 area, sitting right on the lower boundary of the ascending channel that has been guiding price higher since late March after a sharp pullback from the recent highs. The structure has been intact for over a month, with both boundaries respected consistently throughout, and price is now testing the most important support of this entire move. Buyers need to step in here to keep the bullish structure alive and prevent a breakdown from invalidating weeks of price action.
As long as BNB holds above the lower channel and the 613 area, the broader bullish structure remains intact and a recovery toward the mid channel and beyond is the more likely outcome. A clean break below the lower boundary on a closing basis however would be a significant warning sign, opening the door toward the 600 area and potentially deeper retracement levels. ➖➖➖➖➖➖➖ #bnb
VIP MARKET UPDATE: $BTC .D ➖➖➖➖➖➖➖ $BTC Dominance is sitting around 60.57%, holding above the ascending trendline that has been guiding it higher since late March, signaling that capital has been rotating into Bitcoin and away from altcoins for over a month now. The market is currently digesting comments from outgoing Fed chairman Jerome Powell, who confirmed he will stay on as a Fed governor after his chairmanship ends, while Bitcoin is up 0.8% to 76,250 and Ethereum climbing 0.8% to 2,257. Macro conditions remain messy with the US-Iran standoff continuing to pressure risk assets, but as CoinMarketCap noted, the build-out around crypto infrastructure is not stopping despite the price weakness.
For altcoin traders this is the most important chart to monitor right now. As long as BTC dominance holds above the trendline and the 60% area, capital will continue to favor Bitcoin and altcoins will struggle to outperform. A clean trendline loss however would be a meaningful signal that capital is starting to rotate back into altcoins, which historically has preceded strong altseason moves. The next move on this chart will set the tone for the entire market. ➖➖➖➖➖➖➖ #BTC
IVIP MARKET UPDATE: $POL ➖➖➖➖➖➖ $POL is trading around the 0.0911 area after a sharp wick down that swept the ascending trendline support before recovering aggressively, leaving a long lower wick that suggests strong buying interest at the trendline level. The structure that has been holding since mid April was tested in the most aggressive way yet, but the immediate recovery from the wick keeps the bullish case alive for now and shows that buyers are still defending the trendline despite the broader market weakness.
As long as POL holds above the trendline and the 0.0900 area on a closing basis, the structure remains intact and a recovery toward the 0.0930–0.0960 zone is still possible. A clean trendline loss with a strong close below however would shift the picture significantly, opening the door toward the 0.0870 area and exposing the broader structure to further weakness. ➖➖➖➖➖➖➖ #pol
VIP MARKET UPDATE: $CRV ➖➖➖➖➖➖➖ $CRV is trading around the 0.2209 area, breaking decisively below the lower boundary of the ascending channel that has been guiding price higher since early April with a sharp impulsive candle that has changed the structure significantly. After the previous bounce from the channel support that was highlighted in the last update, price has now failed to hold and broken cleanly through, signaling that buyers have lost control at this critical level.
As long as CRV remains below the lower channel boundary around the 0.2240 area, the structure stays bearish and the breakdown remains valid, with the next meaningful support sitting near the 0.2150–0.2120 zone. Only a sharp recovery back inside the channel on a strong closing candle would invalidate the breakdown and put the bullish thesis back on the table. ➖➖➖➖➖➖➖ #crv
VIP MARKET UPDATE: $LTC ➖➖➖➖➖➖➖ $LTC is trading around the 55.98 area after another clean bounce off the ascending trendline that has been supporting price since early April, recovering aggressively from the recent test near 55.00 and now pushing back into the 56.00 horizontal resistance. The structure continues to hold remarkably well despite the broader market volatility, with each test of the trendline providing a clear opportunity for buyers to step back in and reassert control.
As long as LTC holds above the trendline and the 55.00 area, the bias remains constructive and a clean break above 56.50 would put the 57.00–57.50 highs back in focus. A trendline loss on a closing basis would be the first significant warning sign, breaking a structure that has been intact for nearly a month and opening the door toward the 53.30–53.70 area below. ➖➖➖➖➖➖➖ #LTC
VIP MARKET UPDATE: $NIGHT ➖➖➖➖➖➖➖ $NIGHT is trading around the 0.0344 area, sitting just above the descending trendline that has been guiding price lower since mid March without a single meaningful breakout attempt. The structure has been relentlessly bearish, with every recovery getting capped by the trendline and price consistently printing lower highs and lower lows. The current bounce off the trendline is the latest test, but the broader picture remains heavily in favor of the sellers.
As long as NIGHT stays below the descending trendline, currently sitting around the 0.0345 area, the bias remains bearish and any recovery is likely to face strong selling pressure. A clean break and close above the trendline would be the first genuine sign that the downtrend is losing steam, while a loss of the recent lows would simply continue the established pattern and open the door to deeper levels. ➖➖➖➖➖➖➖ #NİGHT #night