BITPRISMIA
The higher timeframes were firmly bearish, but the lower timeframes showed some consolidation for the memecoin.
A daily session close above $24.95 is required to shift the 1-day Avalanche market structure bullishly.
The short-term sentiment behind CAKE appeared bullish- could this lead to increased bidding and a move beyond $2.16 next?
Buying LDO at these levels went against the trend and technical indicators- is it better to wait for reversal signals, or chase higher potential returns?
A bearish reversal at the nearby resistance zone appeared more likely due to price structure and lack of buying pressure.
Jito struggled to break key resistance levels while witnessing a death cross on the EMAs.
The bulls continued to defend $534 from the bearish onslaught, but BNB likely does not have the strength to surpass the $700 mark.
The lack of overwhelming sell pressure on the CMF across timeframes explained the Polkadot consolidation between $4.25 and $5.2.
The recent rally to $17.75 was expected to reverse. Now that it has, what will be next for TRUMP?
The $0.000073 zone was a lower timeframe resistance zone and could present a selling opportunity upon a retest.