Multi-Format Thursday - Volume 6

Bitcoin

Bitcoin is grinding up again and testing $50,000 - the difference this time around is that volumes are higher than the first test which can lead to a breakthrough. Price closing a daily candle above $50,000 would increase the odds of an upside run-up to $57,000.

Ether

Monstrous rally yesterday off the Arbitrum news (release of a new L2 solution; mainnet). The rally helped ETH advance by +$400 in a single day.

Price found temporary resistance at $3,850 which is an intermediate level - the real key level stands at $4,200.

Fun Fact: ETH was worth less than $400 12 months ago.

DOT

DOT managed to reclaim $27 on the daily timeframe an is now rallying towards $40.

SNX

SNX is attempting a reclaim and it successfully closed a daily candle above $12.40. From a pure technical perspective, this can lead towards $14.10.

RUNE

RUNE reclaimed $10.35 and is making another attempt at $12.85.

SOL

SOL still in pure vertical mode which usually is a great place to take at least partial profits (not financial advice). There are two support levels underneath:

• $100 Psychological Level
• $75 Key Level

SRM

SRM has finally broken above $8.50 which will help it rally towards the previously set ATH and potentially discovery new grounds.

FTT

FTT saw an incredible +34% day yesterday as price broke right through the May highs. This is price discovery mode for FTT and the upside targets are round psychological numbers.

MINA

On its rally towards $4.88 - or $5 to round up. Do note that the latter has been an important liquidity area where supply was deployed into the market on the way down post-listing.

 

Disclaimer: The above information does not constitute financial advice nor any type of recommendation. You are fully responsible for any capital-related decisions you make.