ETH broke the triangle pattern in a downward direction and also broke the support area. The price is now heading towards the next support area, and a bounce is expected after hitting it.
The future of Web3 is being shaped by strong communities, innovation, and real utility. Following @open to stay updated on the latest trends, blockchain insights, and opportunities in the crypto space. Markets move fast, but learning and adapting every day is what creates long-term success. Excited to see how decentralized technology continues transforming finance, gaming, AI, and digital ownership worldwide. Stay focused, manage risk wisely, and keep building through every market cycle. The next big opportunity could be closer than we think. #open
BTC went down after the breakdown and retest of the triangle and we've seen a correction in the market as expected.
Currently, it is trading above the mid marked horizontal supoort. A bounce could be expected from here, while a breakdown retest of the marked support would be a sign of further correction in the market. $BTC
LTH Relative Unrealized Loss peaked at just 15% in early April, far below the 75%+ levels seen during previous deep bear market bottoms.
This suggests long-term holders have experienced only a fraction of the historical stress, meaning the recent drawdown — while significant — has not shaken conviction to the same extent as past cycle lows.
ROSE breakout the descending trendline and reclaimed the S/R level with a good volume. The Ichimoku cloud is showing a bullish trend. It is preparing for an upward move.
Bitcoin has broken the trendline support and is giving mixed signals. The price needs to break the resistance area for further upward movement. The local support level is $80,000.