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Market Analysis

Members Breakdown - 2 April 2021

Updated: Jul 25, 2024
Published: Apr 2, 2021
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BTC

This is the drumroll time :drum:$60,000 is being challenged.
Buyers are stepping in higher each time which is leading to the creation of higher lows - show of buying power. $60,000 is the level that needs to be crossed for further upside continuation. This resistance is paired perfectly with ETH's resistance at $2,000 as explained below.

ETH

The previous daily high ($1,955) has been turned from resistance into support. All it took was guts to buy the dip - which we have at $1,430.
The main resistances for BTC & ETH that need to be crossed are $60,000 and $2,000. After that, comes price discovery.

DOT

DOT bottomed at $27.30 and has since created higher highs and higher lows which is leading to $40 again. A daily candle closure above that level can help it grow and enter price discovery once again.

SNX

SNX's price action managed to breakout from the counter-trendline and $18.25. While the next technical level is $23.60, SNX will likely extend back towards $30.

RUNE

RUNE has gone into a vertical run after reclaiming $5.72 on the daily timeframe. $7.50 is intermediate support which price "may" retest before heading back towards $10+.

SRM

SRM is still on its way from $4.50 into $6.50. Serum is going to enter a very interesting phase in the coming weeks where it will be considered a Bluechip token in the Solana space

FTT

FTT is continuing its pursuit of price discovery after having crossed $38.50 on the daily timeframe.

SOL

SOL needs to maintain $17.75 as support. For as long as that holds, it is poised for price discovery, with the next level being $30.
Disclaimer: Not financial advice nor any sort of recommendation.

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