We’re seeing $CVX hold above the $1.70–$1.72 support zone after the recent sell-off. Higher lows are forming, suggesting buyers are stepping in and a short-term recovery could be underway.
Our Trade Plan:
Entry Range: $1.72 – $1.75
Targets: $1.78, $1.82, $1.86
Stop Loss: Below $1.69
As a community, we’ll watch for a push above $1.78, which could open the path toward $1.82–$1.86.
Price Action: ETH dropped 2.8% to around $2,918, underperforming the broader crypto market (-0.12%). Losses extend its 7-day (-7.1%) and 30-day (-7.9%) downtrends.
ETF & Institutional Flows: Spot Ethereum ETFs recorded $224.8M in outflows, highlighting declining institutional interest amid market volatility.
Liquidations & Selling Pressure: Total crypto liquidations reached $582M, with $200M from ETH long positions. ETH’s correlation with Bitcoin and tech equities amplified downside pressure.
Technical Overview: ETH failed to hold $3,000 and now trades below all key moving averages. Resistance levels to watch:
Short-term: 10-day EMA $3,069 | 20-day EMA $3,087
Medium-term: 50-day EMA $3,261
Long-term: 200-day EMA $3,434
On-Chain Metrics: Network fees fell 45% month-over-month, active addresses dropped 14% week-over-week, and long-term holders distributed 847K ETH in 30 days—the largest reduction since early 2021.
Outlook:
Support: $2,716 (200-week EMA) — failure could open the way to $2,300.
Upside: Reclaiming $3,200–$3,260 (50-day EMA) is needed to restore bullish momentum.
Market sentiment remains cautious amid weak momentum and fading demand.
We saw $LTC bounce cleanly from the $75.70 level, showing strong buying interest. Price has now moved toward $79, signaling that momentum may build if buyers continue stepping in.
Key Levels We’re Watching:
Resistance: $80–$81 — reclaiming and holding this zone could open the door for further upside.
Support: $76 — this level must hold to maintain stability.
As a community, we should keep an eye on these levels for potential opportunities and plan our next moves carefully.
Price Action: Steady recovery from $0.66, currently testing higher MA resistance. Strategy: Take partial profits on strength. Bullish Scenario: Hold above $0.70 for continuation. Risk Level: Failure here could push price back to $0.67–$0.66. Market Insight: Range repair in progress, momentum fading.
#bitcoin slipped to the $86.5K–$87K zone, down around 3% in the last 24 hours, as markets turn cautious ahead of major US macro releases.
The main focus is on the US Non-Farm Payrolls report, expected to show around 50K new jobs, alongside CPI, retail sales, and the Bank of Japan’s rate decision later this week. Any weakness in data could strengthen expectations of future rate cuts, which would be supportive for Bitcoin.
On-chain data shows mixed signals. Mid-sized investors (100–1,000 BTC) are accumulating aggressively, adding 54K BTC over the past week. At the same time, whales, institutions, and Bitcoin ETFs continue to sell, keeping upside capped for now.
Bottom line: Short-term volatility remains high. Dip buying is visible, but a sustained move higher likely needs selling pressure from large players to ease.
$SOL is in a healthy pullback phase, but downside looks limited below the $120 region. The majority of late longs have already been cleared, easing sell pressure.
Price has now interacted with the weekly low and is holding a well-defined demand zone, an area typically associated with strategic accumulation.
At these levels, spot accumulation makes sense. Scaling in slowly and giving the trade time to develop is the right approach. This is a patience-based position, not a short-term chase with strong potential as the next bull cycle unfolds.
This has been one of the weakest Q4s we’ve seen in a long time. At this point, only a true Santa rally can shift sentiment and close the year on a positive note.
🇯🇵 The Bank of Japan is preparing to unwind more than $500B in ETF holdings, marking a significant departure from years of aggressive emergency stimulus.
This move signals: • Reduced central bank market support • Higher volatility across global assets • A tightening liquidity backdrop
When Japan adjusts policy, the impact is felt well beyond its borders. Risk assets should stay alert liquidity conditions are changing.
$SUI is consolidating above a critical support area, signaling strength and potential continuation. Bullish bias remains valid while price holds this range.