The support level continues to be respected. Some may question the brief breakdown below support, but this move clearly reflects manipulation.
According to Richard D. Wyckoff’s textbook methodology, this is known as a “Spring” a temporary loss of support designed to trap sellers, followed by a quick recovery.
In such scenarios, price most often reacts bullishly from the support zone while maintaining structural respect, favoring an upside continuation $SOL
$SOMI is currently undergoing a clean retest of the inverse Head & Shoulders neckline after breaking above it, which is exactly the behavior you want to see in a healthy bullish reversal. The right shoulder has held firmly, and $SOMI is respecting the neckline while staying supported by short-term EMAs, showing that buyers are defending this level with confidence.
As long as $SOMI holds above the neckline, the inverse H&S structure remains valid and favors continuation to the upside. A successful hold here turns former resistance into support and sets the stage for a stronger expansion move. Only a sustained breakdown back below the neckline would invalidate the bullish setup — until then, momentum clearly leans higher.
$ARB is currently trading inside a well-defined horizontal channel, with $ARB respecting both the upper resistance and lower support boundaries. Until a clear breakout or breakdown occurs, this remains a range-bound market where reactions from the channel extremes are more likely than trend continuation. Patience is key here—wait for confirmation before positioning.
$ETH is approaching a critical ascending trendline support, which has acted as a key demand zone during previous pullbacks. $ETH remains below short-term moving averages, reflecting current weakness, but as long as this trendline holds, the broader structure still favors a potential bounce. This area is important to watch, as a strong reaction could mark a long opportunity on $ETH , while a clean breakdown would signal deeper downside risk. $ETH
$FET is forming a clear descending triangle on the weekly timeframe, with $FET breaking below key horizontal support and continuing to respect the long-term descending trendline. The structure reflects sustained distribution and weakening demand. With $BTC also showing bearish momentum, downside risk remains elevated for $FET , and the overall trend favors further continuation lower unless strong bullish reclaim occurs.