Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• PEPE faced price rejection at a range-high.
• Sellers gained a market edge; funding rates remained positive.

Pepe [PEPE] has been on a steady decline in Q3 2024, chalking a descending channel. The recent recovery attempt faced a price rejection at the range-high of $0.00000085, which could further derail bullish efforts. 

Read Pepe [PEPE] Price Prediction 2023-24

PEPE hasn’t been on the declining spree alone. Other memecoins posted significant losses in Q3 as well.

Will the mid-range stop further drop?

Source: PEPE/USDT on TradingView

The recovery attempt in the second half of September was interrupted at the range-high. A Fibonacci retracement tool was placed between the August high and the recent low. Based on the Fib tool, the 23% Fib level ($0.00000081) aligned with the range-high. 

In addition, the level was close to June lows. As such, the area could be a bearish zone, and PEPE could re-target it if the drop eases at the confluence of the 0 Fib level and the mid-range near $0.00000060. 

An extended plunge could tip bulls to re-group at $0.00000040, especially if BTC reverses most of the recent gains. 

Meanwhile, the buying pressure peaked and eased after hitting the range high, as demonstrated by the RSI. Similarly, PEPE registered significant capital inflows, as shown by the positive CMF. 

Sellers consolidated the market

Source: Coinalyze

The decline in CVD (Cumulative Volume Delta) indicated sellers sought more ground as of press time. The price reversal was followed by a dip in Open Interest (OI) rates. It illustrates that the demand for PEPE also eased in the Futures market in the past few hours before press time. 

How much are 1,10,100 PEPE worth today?

But OI improved, and the funding rates remained positive at press time. It meant that bulls were attempting market re-entry. 

The confluence level of $0.00000060 could be the ideal re-entry point for bulls, but tracking BTC is crucial for optimized set-ups. 

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• XRP reversed its gains from the second leg of recovery. 
• The long-term price trend flipped negative.

Ripple [XRP] sellers gained more market leverage at the end of September. Sellers pushed XRP below $0.513 from $0.548. The drop saw sellers accrue over 6% of shorting gains based on the press time value of $0.507.

Is your portfolio green? Check out the XRP Profit Calculator 

Meanwhile, Bitcoin [BTC] faltered at the range-high of $28.3k, further emboldening XRP sellers. 

The focus now shifts to whether BTC can defend the mid-range near $27.1k to confirm whether a rebound or pullback extension is likely.  

What’s XRP’s possible short-term price projection?

Source: XRP/USDT on TradingView

In a previous XRP price analysis, AMBCrypto projected that the daily bearish order block (OB) at $0.54 could derail bullish efforts. The prediction was validated, tipping sellers to gain more edge on the lower timeframe. 

In the 4-hour timeframe, the extended pullback breached the $0.5130 level. The move could encourage sellers to extend gains to the H12 bullish OB of $0.489 – $0.500 (cyan). 

So, if XRP fails to reclaim $0.513, near-term bulls could mark the bullish OB of $0.489 – $0.500 (cyan) as the key interest level. The next target levels to watch are $0.513 and $0.525 in the short term if the pullback extends to the bullish OB. 

Meanwhile, the RSI retreated below the 50 mark, underscoring the extended selling pressure witnessed in the past few days. 

Similarly, the CMF retreated southwards and cracked the zero threshold, denoting substantial capital outflows over the same period.  

XRP’s long-term price trend flipped negative

Source: Coinalyze

The extended price drop weakened the XRP market further, flipping the long-term price trend to a negative, as shown by the Accumulative Swing Index (ASI). ASI tracks the strength of price swings, and the negative value meant that long-term price action was in a downtrend as of press time. 

How much are 1,10,100 XRPs worth today? 

However, the fluctuating CVD (Cumulative Volume Delta) in the past few days showed neither sellers nor buyers had market leverage. 

In addition, with the muted demand shown by the eased Open Interest rates, traders can track BTC movement for risk mitigation. 

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

• Lido hit a $1.7 roadblock – a sticky hurdle since mid-August.
• Demand in the Futures market eased slightly at press time. 

The crypto market fronted an impressive start in Q4 2023. Bitcoin’s [BTC] steady foray into the $28k tipped the altcoin market into a recovery. But most altcoins, Lido [LDO] included, hit key resistance levels, setting them to pullbacks as of press time. 

How much are 1,10,100 LDOs worth today? 

Will the confluence area stop the drop?

Source: LDO/USDT on TradingView

LDO retraced to a previous high of $1.626 after faltering at the H12 bearish order block (OB) of $1.670 – $1.740 (red). 

The $1.626 level aligned with another invalidated H12 bearish OB of  $1.558 – $1.625 (cyan). Given the confluence area at $1.6, buyers could attempt to defend it as a bullish zone. If so, the area could act as a re-entry for a long position targeting the $1.7 roadblock.  

A rebound from the confluence zone could present a potential 4% gain, especially if BTC doesn’t post immediate losses. 

Buyers could also have a second buying opportunity if price action convincingly mounts above the $1.7 roadblock. Such a move, primarily if BTC fronts a bullish breakout at $28.3k, could set LDO to extend the rally to $1.82. 

A drop below $1.6 will invalidate the bullish thesis and weaken LDO’s market structure. 

Meanwhile, the Chaikin Money Flow (CMF) and Relative Strength Index (RSI) retreated. This denoted a decline in capital inflows and buying pressure in the past few hours before press time.

Demand eased slightly in the Futures market

Source: Coinalyze

The demand for Lido eased slightly in the Futures market, as shown by the little dip in Open Interest rates at press time. 

Read Lido [LDO] Price Prediction 2023-24

But neither buyers nor sellers had absolute control in the market, as illustrated by fluctuations in Cumulative Volume Delta (CVD) in the past few days. 

So, close tracking of BTC movement is crucial. BTC’s retracement and drop below the mid-range of $27k could invalidate the above bullish bias. But a bullish breakout above $28.3k could extend Lido’s recovery. 

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• SOL retested mid-August levels, reversing part of Q3 losses.
• Spot and Futures market demand improved from September.

Solana [SOL] started Q4 on a bullish note after posting a +11% pump on 1 October. The weekend pump followed Bitcoin’s [BTC] reclaim of $28k. 

Is your portfolio green? Check out the SOL Profit Calculator 

In late September, AMBCrypto explored a possible short-term range extension before a likely surge for SOL. The projection was validated, but SOL’s rally hit a key hurdle on the daily chart as of press time. 

Can bulls clear the hurdle?

Source: SOL/USDT on TradingView

The recovery that began in September was extended into Q4, with an 11% pump on 1 October. But the rally hit a daily bearish order block (OB) of $24.06 – $25.30 (red). 

In the meantime, BTC also hit its range-high of $28.3k and was yet to front a bullish breakout as of press time. Until the bullish breakout occurs, SOL could derail at the $24 hurdle and could make the $21.0 – $22.3 (cyan), a key buying interest in case of a pullback. 

An extended recovery could target $26.85 or $30, thus providing bulls with more room to maneuver if BTC doesn’t post losses in the mid-term. 

Conversely, a crack below the previous resistance near $22 (cyan) will weaken the higher timeframe market structure. 

Meanwhile, SOL recorded massive capital inflows, as shown by the sharp uptick in CMF. Consequently, the RSI surged into the overbought zone, reinforcing the increased Spot market demand in the past few days. 

SOL’s demand in the Futures market improved

Source: SOL/USDT on TradingView

The Futures market demand also improved, as shown by the positive Open Interest (OI) rates. According to Coinglass, OI increased from around $210 million in early September to >$350 million at press time. 

How much are 1,10,100 SOLs worth today? 

In the 24 hours before press time, the OI was up 8% (approximately $388 million). Besides, the Futures market trading volume also increased by 40% at the time of writing, underscoring the bullish momentum. 

But a BTC price reversal at the range-high could complicate SOL’s recovery efforts, hence the price was worth tracking. 

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• XLM struggled to reclaim $0.12 in the past two weeks.
• The long-term price trend was still negative at press time. 

 Stellar [XLM] was still suppressed by September losses at press time. Despite Bitcoin’s [BTC] reclaim of 28k at the time of writing, XLM was yet to register a solid recovery to claw back recent losses.  

Is your portfolio green? Check out the XLM Profit Calculator 

Even the recently launched Euro stablecoin on the network didn’t catalyze a solid rebound to the upside. Given XLM’s suppressed performance, what’s the possible price projection in the short term?

Let’s evaluate the 4-hour chart for some cues. 

Two more obstacles to the mid-range

Source: XLM/USDT on TradingView

Previous price retests at the range-low ($0.112) in August and early September led to a strong recovery, with the mid-range ($0.122) as the immediate target. 

A repeat of the same remained elusive in late September and early October. With a weekly bullish order block (OB) of $0.0949 – $0.1094 (cyan) slightly below the range-low, the area could still hold against an extra plunge. 

But bulls must clear two obstacles at $0.1151 and $0.1195 to retest the mid-range of $0.122. 

The sluggish performance could’ve been partly fueled by negative capital inflows in the past few days, as demonstrated by CMF being below zero. 

But the OBV and RSI had positive readings at press time, denoting mild demand and buying pressure in the past few hours before publication. 

The long-term price trend was still negative

Source: Coinalyze

As per Coinalyze’s negative Accumulative Swing Index (ASI), XLM’s long-term price trend was negative (bearish) at press time. It meant that sellers could still overwhelm the market in the lower timeframes. 

How much are 1,10,100 XLMs worth today? 

However, the Open Interest rates and CVD (Cumulative Volume Delta) have improved since late September. It showed demand improved slightly in the Futures market, and buyers gained a little edge. 

So, the range-low could be defended; buyers could seek profits from the two hurdles and the mid-range.  

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• ETC mounted above a sticky hurdle in September. 
• The Futures market was bullish; more players shorted the asset. 

Ethereum Classic [ETC] was ecstatic to extend its September recovery gains to October. It rallied +10% from 26 September and traded at $16.48 at press time. The rally cleared a sticky roadblock at $16 and could offer buyers more benefits if Bitcoin [BTC] doesn’t post immediate losses. 

Is your portfolio green? Check out the ETC Profit Calculator 

Can bulls extend the rally?

Source: ETC/USDT on TradingView

Price chart indicators were bullish on the asset on the H12 timeframe at press time. Notably, the RSI steadily increased and hit the oversold entry point, denoting the spike in buying pressure since late September. 

In addition, the CMF also forayed above zero, albeit sluggishly, denoting slow but steady capital inflows into the ETC market over the same period. 

The price rally cleared the sticky resistance zone of $15.58 – $16.00 (cyan), flipping the H12 market structure to a bullish bias.

So, the next target for bulls is the roadblock at $18 if they clear the immediate $17 hurdle. Such a move could present a potential 4.6% or 10% gain at $17 and $18, respectively. 

A slip below the September resistance zone of $15.58 – $16.00 (cyan) will invalidate the bullish thesis. 

The Futures market flashed mixed signals

Source: Coinglass

At press time, ETC’s Futures market flashed conflicting signals. Notably, more players were shorting the asset on the daily timeframe for the past few days, as shown by the ETC Long/Short Ratio. It meant that they expected prices to drop in the near future. 

How much are 1,10,100 ETCs worth today? 

However, the Open Interest rates and trading volume were bullish. Both metrics were up +180% and +10%, respectively, at press time. It denotes a demand and trading activity spike in the past 24 hours before press time. 

So, the conflicting signals call for tracking of BTC price action for clear market direction and risk mitigation. 

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• The higher-frame market structure was bullish at press time.
• A key whale category accumulated in September. 

Ethereum [ETH] prices are in the crosshairs as the Spot and Future ETH ETFs (Exchange-traded Funds) showdown extends. Some players believe an approval could suffice as soon as the first week of October. 

Read Ethereum’s [ETH] Price Prediction 2023-24

In the meantime, ETH’s press time value was comfortably above $1640 and a recent high, flipping the higher timeframe market structure into a bullish bias. 

ETH clears key roadblock

Source: ETH/USDT on TradingView

The bearish order block of $1623 – $1660 (cyan) has been a key roadblock and resistance level in September. However, ETH mounted above it at press time, flipping the H12 market structure bullish and favoring bulls. 

Besides, price action was above the short-term trend, as demonstrated by the price being above 50-EMA (Exponential Moving Average). Consequently, the recent massive buying pressure and capital inflows confirmed by positive RSI and CMF could favor bulls. 

In case of an ETF approval, such a catalyst could tip ETH to front a bullish breakout and reclaim $1700. The next bullish targets in such a case will be the $1800 and $1900 in the mid-term. 

Conversely, bulls could defend the invalidated bearish OB or the mid-range of $1600 as a support zone if sellers overwhelm the market. 

Key whale category accumulated in September

Source: Santiment (ETH Supply Distribution)

According to Santiment’s ETH’s Supply Distribution, a key whale category holding 100k – 1 million ETH coins has accumulated since early September. 

How much are 1,10,100 ETHs worth today? 

The above category controlled +16% of the supply market, only second to the 10k – 100k ETH coins category, which controlled +21% at press time. 

However, the Futures market flashed bearish signals at press time. The Open Interest rate was down 1%, while trading volume dropped by +25%. It calls for closely tracking US SEC approval updates on ETH ETFs for optimized trading.  

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• ARB recovered September losses but hit a key hurdle.
• Futures market demand improved, giving buyers leverage at press time. 

Over 20% of losses incurred by Arbitrum [ARB] were recovered by press time. ARB dropped from $0.929 to $0.739 in the first half of September but reversed all its losses. 

Is your portfolio green? Check out the ARB Profit Calculator 

In the meantime, Bitcoin [BTC] consolidated recent gains below the mid-range of $27.1k. However, it could retreat lower if bulls fail to reclaim the mid-range level convincingly. 

Can bulls clear the hurdle below $1.0?

Source: ARB/USDT on TradingView

The recovery that began on 11 September faltered temporarily and deviated off the ascending channel. The extended recovery at the end of September tipped ARB to recover lost ground but hit the daily bearish order block (OB) of $0.933 – $0.999 (red) press time. 

If BTC reclaims $27.1k and targets $28k, ARB could clear the hurdle and the daily bearish OB below $1.0. If so, ARB could target the next roadblock and resistance zone above $1.05. 

But unexpected BTC losses could tip ARB to retreat to the range-low near $0.90 or the daily chart’s price imbalance of $0.845 – $0.882 (white). Such a retracement could offer new buying opportunities. 

Notably, the H4 market structure was bullish alongside elevated buying pressure, as shown by the RSI in the overbought zone. Besides, the positive CMF reiterated substantial capital inflow into ARB’s market in the past few days. 

Buyers had market leverage

Source: Coinalyze

How much are 1,10,100 ARBs worth today? 

The Cumulative Volume Delta (CVD) improved and edged higher at the end of September, confirming buyers gained more market leverage. The bullish bias was further confirmed by an improvement in the Open Interest rates over the same period. 

Besides, the long-term price trend flipped to an uptrend, as demonstrated by the positive Accumulative Swing Index (ASI). However, BTC losses and the $1.0 roadblock could affect buyers’ leverage, and it is worth tracking these fronts. 

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• LINK was up +35% in September but hit the 2023 price ceiling.
• Demand in the derivatives market surged in the second half of September. 

The crypto market posted mixed results in Q3. For Chainlink [LINK], the bearish pressure in August was firmly outweighed by increasing traction from its CCIP (Cross Chain Interoperability Protocol) in September. 

Is your portfolio green? Check out the LINK Profit Calculator

BNB Chain is the latest entrant to adopt Chainlink’s CCIP to empower its ecosystem developers. LINK was up +35% in September but hit a key 2023 price ceiling.

Should Chainlink buyers consider these levels?

Source: LINK/USDT on TradingView

At press time, LINK was up 39%, measured using the Price Range tool, from the H12 bullish order block (OB) at $5.5 to the 2023 supply area of $8.80 – $8.03.

Notably, the RSI has steadily reclaimed the upper ranges and hit the overbought zone, underscoring the demand increase in the Spot market in September. 

Similarly, the CMF hovered above the zero mark, suggesting LINK recorded significant capital inflows. 

But the overbought condition and supply area could make a reversal likely. If so, the retracement could ease at the confluence of the bullish OB of $7.25 -$7.58 (white) and $7.34 before targeting the supply area again. 

Alternatively, the rally could extend to $9.5 if LINK convincingly flips the supply area into support. 

The two scenarios could present two buying opportunities at $7.25 – 7.58 and $8. The take-profit targets can be placed in the supply area and $9.5. 

Chainlink recorded massive demand in September

Source: Coinglass

According to Coinglass, the derivatives market demand for LINK doubled in the second half of September as Open Interest rates surged from $100 million to over $200 million at press time. 

How much are 1,10,100 LINKs worth today? 

On the liquidation front, more short positions have wrecked across all timeframes. About 24 hours before press time, more than $1.3 million worth of short positions were liquidated. The trend underscores the strong bullish bias. 

So, buyers can seek re-entry above the supply area or at the bullish OB near $7. 

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• Buyers could have little leverage if NEAR reclaims $1.155.
• Futures market players were bullish on the altcoin at press time. 

Near Protocol [NEAR] saw a positive price performance following a partnership with the International Cricket Council (ICC) on 27 September. The partnership involved building a Web3 fan engagement platform for the 2023 Cricket World Cup.

How much are 1,10,100 NEARs worth today? 

Since the development, NEAR has been up 7% and traded at $1.13 at press time. Meanwhile, Bitcoin [BTC] retested $27k but struggled to stay above it.

Can NEAR clear these hurdles?

Source: NEAR/USDT on TradingView

The partnership led to a rebound near the trendline support around $1.05. But the overall price action in Q3 chalked a descending wedge pattern, as the white trendlines show. Although the formation is typically a price reversal pattern to the upside, NEAR faces two crucial hurdles. 

The first roadblock is the confluence of the 50-EMA (Exponential Moving Average) and the trendline resistance near $1.16. The next hurdle exists at the weekly order block and resistance zone of $1.24 – $1.38 (red). 

So, price action could falter at these two roadblocks, especially if BTC records more losses below $27k. The RSI and CMF were at equilibrium levels at press time, indicating that the price could go in either direction. 

Demand and funding rates improved

Source: Coinalyze

NEAR registered an improvement in demand in the derivatives segment from 25 September, as indicated by Open Interest rates. In addition, the funding rates were positive from 28 September, further reinforcing a bullish bias in the past two days.  

Read Near [NEAR] Price Prediction 2023-24

Even the Accumulative Swing Index (ASI), which tracks the strength of price swings, turned positive, denoting a long-term uptrend.

However, the overhead hurdles could derail extra recovery efforts, especially if BTC falters at $27k. 

Posted: September 30, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• MKR retreated from the $1600 level at press time.
• Key buy and sell interests existed at $1350 – $1400 and $1650.

Unlike Bitcoin’s [BTC] muted action in Q3, Maker [MKR] investors have been cashing in. In Q3, BTC was down 10% as of press time, while MKR posted 77% gains, per TradingView. In September alone, MKR was up +25%, based on the press time value of $1477. 

Is your portfolio green? Check out the MKR Profit Calculator 

However, the altcoin eased slightly into the weekend (30 Sept/1 Oct), dropping from $1600 to below $1500 at publication time. 

Are more gains likely?

Source: MKR/USDT on TradingView

The extra rally from 25 September left a price imbalance and FVG (Fair Value Gap) of $1326 – $1400 (white) on the daily chart. 

On the 4-hour chart, the price imbalance aligned with the dynamic 50-EMA (Exponential Moving Average). The 50-EMA has acted as a dynamic support since mid-September and could make the confluence a bullish zone for lower timeframe players. 

So, MKR’s extra pullback could ease at $1326 – $1400 and re-target the $1600 recent high or $1700. But the bulls must reclaim $1500 before moving forward. 

Conversely, a price drop below the confluence zone will flip the H4 market structure bearish and could tip sellers for leverage to devalue MKR. 

But sell pressure eased, as shown by the sideways movement of the RSI above the 50 mark after a drop. However, the CMF extended southward movement, denoting extra capital outflows.

Massive sell limit orders at $1650

Source: Mobchart

On Mobchart, a real-time order book tracking platform, significant sell limit orders were placed at $1650, as shown by the extra-long red line. 

Read Maker’s [MKR] Price Prediction 2023-24

On the buyer side, considerable buy limit orders were placed between $1350 – $1400, as shown by green lines. The range is the confluence zone described above, which could ease further pullback. 

The negative Open Interest rates and volumes in the futures market at press time captured the recent price drop.  But more short positions were wrecked within four hours before press time, indicating that the bulls attempted to defend the $1400 level. 

Posted: September 29, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• UNI has been suppressed below $4.5 in September. 
• Demand for UNI in the derivatives segment improved. 

Uniswap [UNI] sellers have been exploiting the $4.5 roadblock to seek gains. At press time, UNI fronted a price reversal and traded at $4.34. But the roadblock had a confluence with 50-EMA (Exponential Moving Average) on the 12-hour timeframe and could attract sellers.

Read Uniswap’s [UNI] Price Prediction 2023-24

Will sellers re-enter the market at this hurdle?

Source: UNI/USDT on TradingView

The roadblock at $4.5 aligned with a previously invalidated bullish order block (OB) on the H12 timeframe. Besides, the 50-EMA (Exponential Moving Average) retreated towards the end of September, leading to the price rejection during the trading session on 27 September.

So, the roadblock confluence of $4.5 and 50-EMA could lead to another price rejection. If so, a drop to the short-term support of $4.2 could give short sellers a potential 4.5% gain. 

However, a convincing cross above the roadblock will invalidate the bullish thesis. In such a case, UNI could aim at $4.8 or $4.9, especially if BTC reclaims $27k and surges. 

But the latter could be far-fetched as capital inflows into the UNI market were muted, as shown by CMF laboring below zero. However, the RSI fluctuated near the equilibrium level, suggesting a possible range-bound extension below $4.5. 

Demand for Uniswap improved in the derivatives market

Source: Coinalyze

There was an improvement in demand for UNI in the derivatives market, as shown by the rising Open Interest (OI). The rise in demand depicted a mild bullish momentum, further confirmed by the rising Accumulative Swing Index (ASI). 

For perspective, ASI tracks the strength of price swings, and a positive reading reiterates a long-term uptrend and vice versa. 

How much are 1,10,100 UNIs worth today? 

The improving ASI indicates a reversal was underway, but the negative reading shows the trend was yet to reach a long-term uptrend. In addition, the CVD (Cumulative Volume Delta) was negative despite the uptick seen at the press time, showing sellers still had market leverage. 

So, sellers could still benefit if the price action falters at the $4.5 hurdle. 

Posted: September 29, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• Bitcoin defended the range lows near $26k.
• Key liquidity and selling interest levels exist at $26.8k and $27k. 

Bitcoin [BTC] faced a price rejection at $26.85k during the daily trading session on 27 September following a delay spot ETF by the US SEC. The US regulator postponed a decision on ARK 21 Shares’ proposed spot BTC ETF until January 2024. 

Is your portfolio green? Check out the BTC Profit Calculator 

Following the delay, some market analysts opine that other BTC ETF applications could face the same fate. At press time, BTC traded at $26.46k, slightly above the short-term support of $26.4k. 

Can Bitcoin reclaim $27k?

Source: BTC/USDT on TradingView

The price rejection level on 27 September coincided with the daily timeframe’s 50-EMA (Exponential Moving Average). Besides, daily candlestick close sessions have happened below 26.4k since 24 September. 

Ergo, BTC could remain suppressed at the range-lows ($25.8k) despite a recent bounce-off. Notably, the range low aligned with the daily bullish order (OB) of $24.8k – $26.0k (cyan). So, a further drop could see a rebound at the cyan area. 

Conversely, BTC could smash the 50-EMA hurdle and reclaim $27k, especially if there is a market catalyst like a US SEC approval of an ETH ETF in October. If so, bulls could target $28k and the range-high. 

The RSI position at press time indicated price direction could go in either direction, as neither buyers nor sellers had absolute leverage. But capital inflows into the BTC market weakened, as shown by the retreating CMF. 

Here are key Bitcoin sell and liquidity levels

Source: Mobchart

According to Mobchart, a real-time order book tracking platform, there were significant sell limit orders at $27k and $27.5k. There were also some sell limit orders at $26.8k (50-EMA at publication), as shown by red lines. 

On the buy side, $26k and $25.8k had considerable buy limit orders at press time. The inference is that BTC price action could oscillate between these key buy and sell limit orders. 

Source: Coinglass

How much are 1,10,100 BTCs worth today? 

Based on the liquidation map, the range low ($25.8k) and mid-range ($27k) were key liquidation levels, as shown by the orange histograms. The inference is that BTC could see a substantial price reaction in these high liquidity areas. 

So, BTC could defend the range-low but face another rejection at the mid-range of $27k or $26.8k. 

Posted: September 28, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• IMX clawed back recovery gains in September.
• Sell pressure intensified, denting weighted sentiment. 

Immutable X [IMX], a layer 2 scaling solution focused on NFTs and gaming applications, recorded an impressive recovery in September. On 21 September alone, IMX rallied +20%, hitting a July range high of $0.77. But sellers reversed most of the gains afterward.  

Is your portfolio green? Check out the IMX Profit Calculator 

At press time, the altcoin eased temporarily near $0.5555, shedding over +25% when measured from September’s high of $0.7699. 

Meanwhile, Bitcoin [BTC] defended the range-low but was yet convincingly cross above $26.4k at press time. 

What’s next for IMX price action?

Source: IMX/USDT on TradingView

The red area of $0.681 – $0.705 was a bullish order block (OB) aligned with the July range low before it was flipped to a resistance. The extended price reversal also flipped $0.62 and the 50-EMA (Exponential Moving Average) into hurdles. 

At press time, price action hit the next crucial support of $0.5555. We could see fluctuations between the 50-EMA and $0.5555 support if BTC doesn’t crack below $26k. A retest of $0.62 can only happen if the 50-EMA hurdle is cleared. 

However, an extended drop could hit $0.54 or the H4 bullish OB $0.518 – $0.506 (cyan). The extra decline of RSI towards the oversold zone suggested sellers were firmly in control.  

Besides, the wavering CMF below zero indicated a lack of substantial capital inflow into the IMX market in the past few days. 

Positive weighted sentiment dropped

Source: Santiment

The massive rally on 21 September was followed by an uptick in positive weighted sentiment that graced March levels. 

How much are 1,10,100 IMXs worth today? 

However, the intensified selling pressure that ensued, as shown by an increase in Supply in Exchange, dropped weighted sentiment close to the neutral level at press time. 

In addition, the Network Growth dipped, indicating an extra decline in network traction that could further limit a strong move upward in the short term. 

Posted: September 26, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

• TRX consolidated recent gains above $0.0830 since 15 September.
• Open Interest rates fluctuated in the second half of September. 

Tron [TRX] has been stuck in a price consolidation above $0.0830 in the second half of September. Recent Bitcoin [BTC] losses and subsequent retest of the range-low near $26.0k could offer TRX buyers new opportunities. 

Is your portfolio green? Check out the TRX Profit Calculator 

Will these supports hold?

Source: TRX/USDT on TradingView

The Relative Strength Index (RSI) has fluctuated above the neutral level since 24 September, indicating wavering buying pressure over the same period. 

However, there have been strong capital inflows into TRX markets, as shown by the rising Chaikin Money Flow (CMF). However, the downticks of RSI and CMF at press time indicated bearish pressure intensified at press time. 

If the selling pressure extends, TRX could drop to the mid-range ($0.08390), 50-EMA (Exponential Moving Average), or the range low ($0.0830). But it could rebound if BTC doesn’t record more losses. 

If so, the rebound could offer TRX buying opportunities with the take-profit target at the range-high of $0.08480 ($0.08390). The mid-range and range low can act as re-entry points for two possible long positions. 

A drop below $0.08350 and $0.08300 will invalidate the bullish bias. However, the extended drop could ease the price imbalance and Fair Value Gap (FVG) on the daily chart of $0.0821 – $0.0828 (white). 

Demand in the derivatives market wavered

Source: Coinglass

The price fluctuations were followed by wavering demand for TRX in the derivatives market, as shown by the Open Interest (OI). The OI see-sawed in the second half of September, reinforcing a neutral bias. 

How much are 1,10,100 TRXs worth today? 

However, the uptick of volume by +90% and +5% in Open Interest in the past 24 hours before press time underscored a short-term bullish bias. 

Besides, more short positions were liquidated in the past 24 hours before publication, favoring near-term bulls. However, tracking BTC is crucial for risk management. 

Posted: September 26, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• XLM hit the range-low and was yet to form a solid reversal. 
• The drop to the range low offered sellers more market control.

Stellar [XLM] sellers who took advantage of the roadblock at the range-high ($0.13) around 11-12 September had +16% gains at press time. XLM traded at $0.11(a range-low) at the time of writing. 

Is your portfolio green? Check out the XLM Profit Calculator 

The range low has seen two solid recoveries during past retests. But recovery was elusive during the third retest. 

Meanwhile, Bitcoin [BTC] retreated $26.0k at press time, a range low that could further delay XLM’s recovery. 

When is a recovery likely?

Source: XLM/USDT on TradingView

In the second half of September, Spot market demand for XLM declined, as demonstrated by the retreating Relative Strength Index (RSI). 

Similarly, the Chaikin Money Flow (CMF) dropped, indicating massive capital outflows from the XLM markets, underscoring the bearish bias over the same period. 

The bearish pressure saw XLM depreciate from the range high of $0.13 to a range low ($0.11). A weekly bullish order block (OB) of $0.095 – $0.109 (cyan). So, the area between $0.095 and $0.11 could act as a solid bullish zone. 

Northwards, the key resistance levels to consider are $0.115, 50-EMA (Exponential Moving Average) of $0.120, mid-range ($0.1220), and range-high ($0.13). 

Sellers gained market control

Source: Coinalyze

Futures market data showed sellers gained extra market following the price decline to the range low. The Open Interest rates dropped from $45 million on 15 September to $38 million at press time. It indicates that demand for XLM also dropped in the derivatives market – A bearish bias. 

How much are 1,10,100 XLMs worth today? 

The CVD (Cumulative Volume Delta) spiked on 21 September but retreated steadily afterward, denoting that sellers gained more market control. 

The long-term downtrend also confirmed the bearish bias, as shown by the negative Accumulative Swing Index (ASI). 

Posted: September 25, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• MATIC fluctuated between $0.50 and $0.54 in the past two weeks.
• Accumulation spiked in August, and sell pressure eased.

Polygon [MATIC] has retreated to a perfect position for swing traders if Bitcoin [BTC] recovers from recent losses. MATIC prices fluctuated between $0.50 and $0.54 in the past two weeks. 

Is your portfolio green? Check out the MATIC Profit Calculator

Meanwhile, BTC finally gave up on the $26.4k support and extended retracement to the range-low as expected. BTC’s narrow consolidation at the range-low could be likely as players wait for the SEC’s possible green light on Ethereum [ETH] ETF in October. 

Will MATIC rebound from the range-low?

Source: MATIC/USDT on TradingView

MATIC’s price action since 10 September chalked a parallel channel, orange. The range-low was aligned with an H4 bullish order block (OB) of $0.505 – $0.512 (cyan) and could cement the area as a bullish zone. 

So, a strong rebound at the range-low was likely, especially if BTC doesn’t drop below its range-low of $25.8k. The immediate roadblocks for bulls are the mid-range of $0.5260 and the 50-EMA (Exponential Moving Average) of $0.5245. A move above the mid-range could set MATIC for the range-high ($0.5460). 

However, the RSI has been stuck in the low range since 21 September, underscoring selling pressure intensified over the same period and could delay the recovery. Any breach below the range-low could ease at $0.49 or $0.45. 

Even so, the impressive northward movement of the CMF reinforced substantial capital inflows into MATIC markets. 

Accumulation improved, but…

Source: Santiment

MATIC’s network-wide accumulation improved, as shown by the steadily rising 90-Mean Coin Age (yellow). The accumulation phase occurred as sell pressure eased towards the end of August, as shown by the declining Supply on Exchanges. 

How much are 1,10,100 MATICs worth today? 

However, network growth took another deep plunge at press time, denoting network traction dropped as new addresses declined. 

The development could further delay a strong rebound at the range-low and call for close tracking of BTC price action.

Posted: September 25, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• ETC’s recovery faltered at the $16 roadblock. 
• The $14.9 and $15.5 were key liquidity levels. 

Ethereum Classic [ETC] struggled to exceed $16 throughout September, tipping sellers to use it as a re-entry point into the market. The recent recovery from $14.4 to $16.3 allowed buyers to tuck in +10% gains. Similarly, sellers grabbed 5% gains following the reversal at the $16 hurdle to $15.20. 

Is your portfolio green? Check out the ETC Profit Calculator

Meanwhile, Bitcoin [BTC] was yet to crack below $26.4k at press time. Any slight BTC bounce towards or above $27k could push ETC toward this roadblock. 

Is another reversal likely?

Source: ETC/USDT on TradingView

The roadblock is a previously invalidated bullish order block of $15.58 – $16.00 (red). Besides, the 50-EMA (Exponential Moving Average) was in confluence with the hurdle, further cementing it as a bearish zone. 

In addition, capital inflows eased while buying pressure eased, as shown by the retreating CMF (Chaikin Money Flow) and RSI (Relative Strength Index). With the H12 market structure firmly bearish at press time, a price reversal could be likely in the bearish zone ($15.58 – $16.00). 

If so, the reversal could ease at $15.20 or $14.89, presenting short-sellers with a potential +2% gain for the first target. 

However, a move beyond $15.70 and a subsequent close above the roadblock ($16) will invalidate the bearish bias. 

Key levels to consider are $14.95 and $15.52

Source: Coinglass

According to the Exchange liquidation map from Coinglass, key liquidity levels exist at $15.5 and $14.9 (high spikes or histograms). For $15.52, there was a Cumulative Short Liquidation Leverage of >$2 million. 

How much are 1,10,100 ETCs worth today? 

On the other hand, $14.95 had a Cumulative Long Liquidation Leverage of $1.6 million on the weekly charts. The inference is that the high areas or liquidity levels could see a strong price reaction. So, ETC could react at these levels. 

Notably, the $15.52 aligns with the 50-EMA at press time and could act as an ideal entry position if price reversal occurs at the level. However, tracking BTC is crucial for risk mitigation.

Posted: September 25, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• The first leg of AAVE recovery faltered above $65.
• Open Interest rates didn’t drop much as of press time.  

Aave [AAVE] has been consolidating recent recovery gains above $61. The retracement towards a crucial demand at $60 at press time could give bulls another opportunity if Bitcoin [BTC] doesn’t record more losses. 

How much are 1,10,100 AAVEs worth today? 

At press time, BTC was worriedly at a crossroads at the short-term support of $26.4k. A crack in the support could cause sellers to extend losses to the range-low. Consequently, a reclaim of the $27k could give bulls slight leverage. 

Will the bulls see a reprieve?

Source: AAVE/USDT on TradingView

The RSI faced rejection at the overbought area and retreated towards the median 50-mark. It underscores the eased buying pressure as the price dropped towards the demand zone and daily bullish order block (OB) of $57.4 – $61.6 (cyan). 

But the CMF extended its steady rise above zero, indicating capital inflows were substantive in the past few days. So, the demand zone could ease the reversal, especially if BTC doesn’t extend losses beyond the range low of $25.8k. 

So, AAVE could rebound at the demand zone, and the immediate targets will be $65 and the previous bearish OB of $66.5 – $70.7 (red). 

A drop below the demand zone and 50-EMA (Exponential Moving Average) could cause AAVE to drop to $56 or $52. 

Open Interest rates steadied

Source: Coinalyze

The surge in Open Interest rates, seen from 15 September, didn’t retreat extensively with a price drop. It shows demand in the derivatives market steadied despite the price reversal. Besides, the long-term price action was “uptrend,” as shown by the positive ASI (Accumulative Swing Index). 

Is your portfolio green? Check out the AAVE Profit Calculator 

Meanwhile, the CVD (Cumulative Volume Delta) headed southwards, indicating sellers had market leverage at press time.

So, bulls could wait for a convincing bounce at the demand zone before going long on the asset. 

Posted: September 24, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• MKR retreated from $1300 and eased back into the ascending channel.
• Key whale actions had countering effects at press time. 

Maker’s [MKR] recent 27% recovery gains are at risk after faltering at $1300. The gains, fronted after rising from $1000 to $1300, were partly clawed back after MKR retraced to $1287 at press time. 

Is your portfolio green? Check out the MKR Profit Calculator 

Meanwhile, Bitcoin’s [BTC] extended consolidation of recent losses above $26.4k. If sellers crack $26.4k and push BTC to range lows, MKR could follow suit to extend losses. Here are key levels to consider in the short term. 

Will the retracement extend?

Source: MKR/USDT on TradingView

The price rejection at $1300 forced MKR to breach below the range high of the ascending channel (orange). 

At press time, the price reversal eased at the confluence area of the previous H12 bearish order block (OB) of $1235 – $1279 (cyan) and 50-EMA (Exponential Moving Average). 

Extra BTC losses could tip MKR to retrace further to the mid-range, near $1230. An extended drop below the 50-EMA will signify a possible extension of losses to the mid-range. So, the mid-range and low-range could be key interest levels for bulls. 

However, buyers could see a reprieve if MKR reclaims the range-high,>$1300, especially if BTC reclaims $27k. The recent high near $1360 will be the next target if the bulls manage such a fete. 

Meanwhile, the capital inflows and buying pressure eased, as shown by the down sloping CMF and RSI. 

Whales action influence

Source: Santiment

According to Santiment, two whale categories accumulated in the past two days before press time. The 10k – 100k MKR coins category, controlling >34% of supply, and 1k – 10k coins category, commanding >32%, were buying. 

How much are 1,10,100 MKRs worth today? 

But the category holding 100k – 1 million MKR coins has yet to buy nor offload since 20 September. So, the recent sell pressure was majorly driven by the 10k – 100k coin holder category. 

In the derivatives segment, more short positions were wrecked across all timeframes in the past 24 hours before press time. It reinforces a bullish inclination in the Futures market and calls for close tracking of BTC price action for risk mitigation. 

Posted: September 24, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• PEPE pumped +10% on the daily trading session on 22 September. 
• Open Interest rates spiked, confirming demand in the derivatives segment. 

Pepe [PEPE] fronted a surprise weekend pump of 14.5% on 22 September. But the memecoin’s further appreciation could face challenges after hitting a confluence of roadblocks. It begs the question, will it present sellers with opportunities?

Is your portfolio green? Check out the PEPE Profit Calculator 

Can PEPE clear the 50-EMA and mid-range hurdles?

Source: PEPE/USDT on TradingView

Since 11 September, PEPE oscillated between $0.00000060 – $0.00000070. The pump tipped PEPE to grace a high of $0.00000074, flipping the lower and higher timeframe market structures bullish.

But the pump hit a confluence of 50-EMA and the mid-range ($0.00000069) and could risk +10% gains. Although the weakening Bitcoin [BTC] could influence a price reversal, it wasn’t obvious, given a negative correlation in the past 30 days.  

In the meantime, the CMF was above zero, indicating substantial capital inflows into the PEPE market. In addition, the RSI crossed the 50-mark, further underscoring the recent spike in buying pressure. 

However, the downticks on both metrics could indicate buyers’ influence waned slightly. If the trend extends, PEPE could ease to $0.00000060 or $0.00000051, a potential 15% or 28% drop. 

Conversely, bulls could hit $0.00000082 or the range-high ($0.00000094) if PEPE convincingly reclaims the mid-range.

Open Interest rates spiked

Source: Coinglass

A spike in Open Interest rates followed the recent pump. It indicates a surge in demand for PEPE in the derivative market and a bullish bias. 

How much is 1,10,100 PEPE worth today? 

Apart from the +22% increase in Open Interest, the Futures market volume jumped +600% at press time. 

The positive readings cemented further price surge was probable. So, tracking whether PEPE reclaims the mid-range is key to gauging the next price direction.  

Posted: September 24, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• DOT formed a new 2023 low of $3.908 at press time.
• The long-term price trend was firmly bearish. 

Sellers have overwhelmed Polkadot’s [DOT] in Q3, leading to a new 2023 low of $3.908. Unfortunately, Bitcoin’s [BTC] drop below $27k could encourage sellers to extend gains beyond $4. 

Is your portfolio green? Check out the DOT Profit Calculator 

What’s next for DOT’s price action?

Source: DOT/USDT on TradingView

Sellers pushed DOT’s value below the January 2023 levels and weekly bullish order block of $4.22 – $4.58 (red). In the second half of September, the red zone was flipped to resistance, giving sellers more leverage to lower DOT’s price. 

The daily timeframe market structure was bearish at press time, further cementing the sellers’ position. In addition, the CMF faltered at zero while the RSI was stuck in the low range. It underscored the lack of substantial capital inflows and weak buying pressure. 

So, sellers could depreciate DOT value further. The weekly bearish OB of $4.22 – $4.58 (red) and $4.00 could be re-entry positions for extra shorting opportunities if BTC retreats further. In such an extremely bearish scenario, the take-profit targets could be $4.0, $3.9, and $3.6. 

Conversely, DOT could show bullish intent if price action closes above the weekly bullish OB ($4.22 – $4.58). 

Mixed signals in the Futures market

Source: Coinalyze

Some key indicators showed mixed signals in the Futures market. For example, the fluctuating funding rates showed sellers could gain extra leverage. In addition, the Accumulative Swing Index (ASI) was negative, indicating the long-term price trend was firmly bearish. 

How much are 1,10,100 OPs worth today? 

But the Open Interest rates surged and could suggest demand improved – A bullish bias. However, the surge happened as prices declined, meaning more contracts were opened to cover short positions. 

So, BTC’s movement up or below $26.4k will determine DOT’s next price action. Hence, tracking BTC price action could help with better-optimized trade set-ups. 

Posted: September 23, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• Optimism hit a crucial demand zone and bullish order block of $1.19 – $1.27. 
• Demand and funding rates improved, but bulls had no edge at press time. 

Optimism [OP] has retraced to a key demand zone, but bulls shouldn’t be too hopeful. OP has defended the $1.2 value thrice since mid-July. The recent reversal from $1.4 has hit the demand zone above $1.2 and could tempt bulls to go long, especially in a lower timeframe.

How much are 1,10,100 OPs worth today? 

But Bitcoin [BTC] has eased near $26.4k and could go either to the range-low or reclaim $27k. So, BTC’s dilemma could put OP players on edge, but here are key levels to consider. 

Will buyers see a reprieve?

Source: OP/USDT on TradingView

OP consolidated briefly above $1.349 before retreating to the demand zone and daily bullish order block (OB) of $1.19 – $1.27 (cyan). The reversal was caused by BTC dropping below the $27k level. 

The demand zone has proven steady thrice, leading to price rebounds. At press time, the recent retracement had eased at the zone, and bulls were out to defend it, as shown by green candlesticks. 

But a price reversal to the upside could be delayed unless BTC reclaims $27k. If so, the key resistance levels for buyers are $1.35 and $1.40. 

But a crack of the demand zone ($1.19 – $1.27), cyan, could weaken OP further. The next support will be $1.1 and $1.0. 

Spot market demand and buying pressure improved slightly, as shown by the uptick in OBV and RSI. Even so, the CMF labored around the equilibrium, indicating there weren’t substantial capital inflows into the OP market in the past few days. 

Open Interest and funding rates improved, but…

Source: Coinalyze

The Open Interest (OI) rates recorded improved from 17 September, including opened contracts to take short positions, as OP retreated from $1.4 towards the $1.2 demand zone.

Read Optimism [OP] Price Prediction 2023-24

The extended OI improvement after hitting the demand zone could suggest a possible reversal and bullish inclination. The positive funding rates could further fuel bulls’ hope. 

But the flat CVD (Cumulative Volume Delta) calls for caution, as neither sellers nor buyers had a market edge at press time. 

Posted: September 23, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

• HBAR was unable to exceed the resistance zone at $0.0520.
• The Open Interest has declined apart from a spike on 15 September.

Hedera [HBAR] recovery was blocked at $0.0520, setting the altcoin into a narrow short-range formation. So far, short-sellers have been targeting the $0.0520 resistance zone for re-entries. At the time of writing, Bitcoin [BTC] was below $27k, and a subsequent crack of $26.4k support could tip sellers to extend gains. 

Is your portfolio green? Check out the HBAR Profit Calculator 

Can sellers benefit from $0.0520 again?

Source: HBAR/USDT on TradingView

Despite reversing September losses, HBAR had not clawed back part of the August losses at press time. The recent recovery was blocked at the $0.052 – $0.53 resistance zone (cyan).

The resistance zone was a daily bullish order block but was invalidated after the extended drop in August. Since 15 September, HBAR’s price action has faced several price rejections at the roadblock. 

With a possible extension of BTC reversal to the range-low, HBAR could witness another price rejection at roadblock. If so, the roadblock could be a short re-entry position with take-profit targets at $0.050 or $0.0490.

A move beyond $0.0525 will invalidate the short set-up. In such a case, a convincing candlestick session close above the $0.052 – $0.53 resistance zone could set HBAR for $0.0560 or $0.060 levels. 

Meanwhile, the Relative Strength Index (RSI) fluctuated around the 50-median mark in the past few days. This indicated that buying and selling pressure was almost equal. 

Similarly, the Chaikin Money Flow (CMF) fluctuated around its equilibrium level but retreated to the negative at press time. Thus, indicating a shift from stagnant capital inflows to outflows. 

Open Interest rates declined

Source: Coinglass

The Futures market also recorded fluctuations. For example, the Open Interest (OI) rates declined in the first half of September but spiked on 15 September, extending the decline afterward. It shows that demand fell over the same period apart from a spike on 15 September. 

How much are 1,10,100 HBARs worth today? 

Apart from the negative Open Interest rates, the Futures market volume was down 38% at press time. It further cements a bearish inclination. 

Posted: September 23, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• The $20 price area was a confluence of many resistance levels.
• Demand dipped in the Futures market as sellers gained more control. 

Despite Solana’s [SOL] impressive recovery, the overall price action was in a downtrend. The move to a recent high of $20.54, down from $17.3 meant that bulls tucked in +18% gains. However, exceeding the $20 value could become challenging for this reason. 

Is your portfolio green? Check out the SOL Profit Calculator 

Should bulls be worried about the $20 hurdle?

Source: SOL/USDT on TradingView

On the daily chart, the price action since July chalked a descending channel. The recent recovery from 11 September bounced from the channel’s range-low ($17) and eased slightly at the mid-range before faltering near the range-high. 

The retracement at press time could ease at the H12 bullish order block (OB) of $18.3 – $19.5 (white). The OB has a confluence with the mid-range and could ease the reversal if Bitcoin [BTC] doesn’t incur more losses in the midterm. 

So, the $16, $17.75, and the mid-range ($18) are key interest levels for buyers. 

However, the $20 level is a confluence of resistance levels. At press time, SOL could not exceed $20.60, making the daily timeframe market structure bearish. A bearish OB exists above the range-high and could make exceeding $20 difficult unless BTC rallies. 

The Spot market demand influenced the recent recovery, as the OBV showed. However, the CMF and RSI faltered near key threshold levels, indicating capital inflows and buying pressure eased. 

Sellers gained more market control

Source: Coinalyze

How much are 1,10,100 SOLs worth today? 

Sellers gained more market control, as illustrated by the extended decline of the CVD (Cumulative Volume Delta). In addition, the Open Interest rate eased, meaning that demand dipped slightly. 

Besides, the negative ASI (Accumulative Swing Index) underscores SOL’s price action was in a long-term downtrend. The ASI tracks the strength of price swings, and the negative reading further cement sellers’ leverage, especially on the higher timeframe charts. 

Posted: September 22, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• XRP struggled to lock recent gains above $0.50 at press time.
• More long positions were liquidated before the weekend (23 – 24 September). 

Crypto market bears gained more ground post-Fed decision on Wednesday (20 September). For example, Bitcoin [BTC] dropped below $27k and eased to $26.4k at the time of writing. 

Is your portfolio green? Check out the XRP Profit Calculator

Similarly, Ripple [XRP] retreated from $0.52 and struggled to lock recent gains above $0.50 at press time. 

Further losses for BTC couldn’t be overruled as there was no catalytic event in the short term. If so, XRP could record more losses, giving the bears an extra market edge. 

Can XRP sustain the recovery?

Source: XRP/USDT on TradingView

The price action was above the short-term trend at press time, as shown by the 50-EMA (Exponential Moving Average) acting as a dynamic support. Since 11 September, XRP extended recovery to hit +10%, based on the recent low ($0.4950) and high ($0.5254). 

But an extended BTC reversal could complicate matters for XRP bulls. In such a scenario, XRP could breach the 50-EMA and ease at the weekly bullish order block of $.4575 – $0.4935 (cyan).

However, XRP bulls could only showcase bullish intent if they reclaim the immediate resistance level ($0.5130). Even so, they must deal with the roadblocks at $0.549 and $0.597

Interestingly, the RSI and CMF retreated but fronted a sideways movement a few hours before press time. It underscores eased buying pressure and capital inflows, followed by stagnation at the time of writing. A narrow consolidation below $0.5130 could happen if the trend extends. 

More long positions liquidated

Source: Coinglass

According to liquidation data from Coinglass, XRP recorded increasing liquidation of long positions from 21 September. It reinforces the possible short-term bearish sentiment into the weekend. 

How much are 1,10,100 XRPs worth today? 

Besides, the futures’ market volume and Open Interest rates data were negative at press time. It further cements a bearish inclination. 

So, extra losses couldn’t be overruled for XRP into the weekend, especially if BTC extends reversal below $26.4k. 

Posted: September 22, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

• SHIB retreated to a crucial demand zone at press time.
• Demand in the Futures market dipped in September. 

As Q3 2023 inches closer to an end, the memecoin segment could close the quarter in the red. In particular, Shiba Inu [SHIB] extended its losses below the December 2022 low ($0.00000779) and has yet to reclaim it. 

Is your portfolio green? Check out the SHIB Profit Calculator 

Despite the recovery seen in September, SHIB sellers still managed to tuck in some gains. At press time, sellers had made an extra 4% after pushing SHIB to $0.00000722, up from a recent high of $0.00000754. 

Can late sellers benefit?

Source: SHIB/USDT on TradingView

SHIB retraced to the key demand zone and H12 bullish order block (OB) of $0.00000713 – $0.00000727 (cyan). Although breached around 11 September during a slight deviation, the demand zone has been defended several times. 

So, SHIB could attempt a rebound at the zone and target the immediate resistance levels at $0.00000739 and dynamic 50-EMA (Exponential Moving Average). 

However, Bitcoin [BTC] struggles at $27k could complicate matters for bulls and favor sellers. If so, a price rejection could be likely at the immediate resistance levels. 

Such a scenario could present two possible shorting opportunities. Both could have the demand zone as a profit target. Entry positions could be placed at $0.00000750 or $0.00000739. 

However, the H4 candlestick session closes above $0.00000760, and $0.00000742 will invalidate the short set-ups. 

Nevertheless, the wavering Spot demand could limit buyers’ leverage, as illustrated by OBV’s sideways movement. Besides, the negative RSI cemented the above bearish bias. 

Demand declined in September

Source: Coinglass

The declining Open Interest rates in September further confirmed the bearish inclination. In addition, liquidation data showed more long positions were rekt within one and four hours before press time.

How much are 1,10,100 SHIBs worth today? 

Nevertheless, the derivative volume was up +100% at the time of writing and calls for close tracking of BTC price movement for optimized set-ups. 

Posted: September 22, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• ATOM recovered early September losses and extended recovery. 
• Demand wavered in the futures market, but buyers had leverage. 

Cosmos [ATOM] had a successful recovery in September. It posted +18% gains after rising from $6.2 to $7.5. However, it has struggled to hold on to the $7.5 level since Monday (18 September). 

Is your portfolio green? Check out the ATOM Profit Calculator 

Meanwhile, Bitcoin [BTC] struggled to defend the mid-range level of $27k as of press time and could head lower. If so, sellers could prevent ATOM’s price from exceeding $7.5 in the coming days.

Will sellers inflict a reversal?

Source: ATOM/USDT on TradingView

The H12 chart showed ATOM was in an uptrend, making higher highs and higher lows since 11 September. Similarly, the RSI shifted from the low to the upper range, demonstrating that buying pressure surged over the same period. 

Similarly, the CMF and OBV recorded upticks, underscoring improved capital inflows and Spot market demand over the same period. These positive readings make an extra bullish scenario likely. 

Even so, a BTC’s reversal could drag ATOM’s recovery. In such a scenario, exceeding $7.5 could be challenging. But a reversal could ease at the $7.1 level. It aligns with the 50-EMA (Exponential Moving Average). An extended drop could ease at support zone of $6.8 – $6.9 (red). 

However, a convincing reclaim of $7.5, especially if BTC surges beyond $27k, could push ATOM to target $7.895. 

Demand wavered and funding rates were negative

Source: Coinalyze

The Open interest rates increased between 15 – 18 September, but wavered afterward. It shows demand surged and fluctuated over the same duration. It could be construed as a neutral bias. 

However, the funding rates have been negative despite the positive price action in the last few days.  

How much are 1,10,100 ATOMs worth today?

The conflicting readings add to the Spot market buyers’ waning leverage, as shown by the positive but retreating CVD (Cumulative Volume Delta). 

Hence, traders should track BTC movements for clarity and possible market direction.

Posted: September 21, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• BCH struggled to defend the $210 level after facing rejection at $220.
• The long-term trend was still positive, but demand dropped. 

Despite Bitcoin Cash [BCH] bulls defending $210, sellers were interested in cracking the level. After unsuccessful attempts at reclaiming $220, bulls opted to secure $210. However, the selling pressure intensified at press time. 

How much are 1,10,100 BCHs worth today? 

In the meantime, Bitcoin [BTC] struggled to hold on to $27k at the time of writing. With September’s Fed decision out of focus, there were no major catalysts in the short term that could drive price action apart from pending Ethereum [ETH] ETF approvals. 

What’s next for BCH?

Source: BCH/USDT on TradingView

The short-term support of $210.7 aligned with the 50-EMA (Exponential Moving Average). Sellers were unable to push BCH below the 50-EMA at press time. 

If BTC holds above $27k, BCH could extend consolidation and lock recent gains above $210. The CMF moved sideways but was above zero, reiterating capital inflows were positive but wavered. 

However, the selling pressure intensified in the past few days, as reinforced by the negative RSI. So, a drop below 50-EMA and $210.7 could tip sellers to extend gains to $205 (recent low) or the H12 bullish order block (OB) of $180 – $203 (blue). 

Demand dropped in the Futures market

Source: Coinalyze

The demand for BCH declined significantly in the Futures market between 15-20 September, as shown by the Open Interest rates. The metric eased from $250 million to around $214 million over the same period. 

Is your portfolio green? Check out the BCH Profit Calculator 

The dip in demand favored sellers as they gained more market edge, as demonstrated by the declining Cumulative Volume Delta. 

Nevertheless, the long-term trend was positive, as indicated by the positive Accumulative Swing Index (ASI). The ASI tracks the strength of price swings, and a drop to a negative reading could suggest BCH’s bearish long-term trend. 

Posted: September 19, 2023

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

• OP flipped the previous range-high of $1.350 to support
• Considerable sell limit orders were placed at $1.450 and $1.500

Optimism [OP] consolidated recent recovery gains above $1.350 ahead of the Fed decision. Last week’s (11-17 September) recovery tipped OP to mount above the previous range-high of $1.350. 

Is your portfolio green? Check out the Optimism Profit Calculator

At press time, Bitcoin [BTC] had reclaimed the mid-range of $27k. It was poised for the range-high of $28.3k or more if the Fed decision on 20 September is favorable to buyers. Such a move could tip OP for more gains. 

Will OP retest $1.5?

Source: OP/USDT on TradingView

Last week’s recovery was briefly held at the previous range-high on 12 and 13 September. However, OP flipped the level to support afterwards. The bulls defended the range-high as support at press time and could aim for the next target level of $1.5. 

If so, such a move could present an extra 7% gain from the $1.40-level. So, going long on the asset could present modest gains in such a scenario. Above $1.50, the next resistance level is $1.590, which aligned with a weekly bearish order block (OB) of $1.55 – $1.77 (red). 

Conversely, a drop below the support of $1.350 will invalidate the above bullish bias. Such a reversal could ease at the mid-range or range-low ($1.30). 

However, key price chart indicators, RSI and CMF, were inclined towards a bullish bias. Notably, the RSI rebounded at the median level and recorded an uptick. It denoted that buying pressure had improved at press time.

Similarly, the CMF was flat but above zero over the past few days. At press time, it registered an uptick, confirming further substantial capital inflows into OP markets.

Key sell limit orders at $1.45 and $1.50

Source: Mobchart

How much are 1,10,100 OPs worth today? 

According to Mobchart, an order book tracking platform, significant sell limit orders were placed at $1.45 and $1.50 (next resistance target), as shown by the bold red lines. On the buy side, buy limit orders were placed at $1.30 (range-low). 

The inference from the above is that the price could see a price reversal near the sell limit orders of $1.45 and $1.50, while a drop could see OP rebound at or near $1.30.