OMUSDT - BULLISH MOMENTUM MAY PERSISTSymbol - OMUDST
CMP - 7.2828
OMUSDT remains an attractive asset, with consolidation forming in a flag pattern within the prevailing bullish trend. OMUSDT continues to form consolidation within the uptrend, and growth may follow if the resistance at the local channel is broken. The price structure appears robust, especially in contrast to the generally weak performance of the altcoin market.
Following Trump's speech yesterday, Bitcoin managed to surpass local resistance and entered the buying zone. If the price maintains a position above the 96.5K - 97K range and sustains its upward movement, certain altcoins may experience bullish momentum, which could propel them higher, including the already strong OMUSDT.
From a technical standpoint, the focus is on the local descending flag channel, with two critical support levels at 7.324 - 7.213. A false breakdown at these levels could trigger a continuation of the upward movement.
Key resistance: 7.755
Key support levels: 7.324, 7.213
The catalyst for continued growth lies in breaking through the channel boundary and the resistance at 7.755. Currently, the price is still distant from this zone and is approaching the support levels. A retest of the liquidity zone may culminate in a bullish impulse.
Cryptoforecast
POPCATUSDT - TESTING RESISTANCE AMID BEARISH STRCTURESymbol - POPCATUSDT
CMP - 0.3290
POPCATUSDT is currently testing trend resistance on the 4-hour timeframe. A rapid approach toward the upper boundary of the channel, accompanied by a false breakout, could lead to a correction or a continuation of the downward movement.
The broader market trend remains bearish, and the short-term trend aligns with this overall downtrend. Bitcoin has yet to serve as a bullish catalyst for altcoins. Additionally, yesterday’s CPI & economic data exerted a negative influence on the market. The cryptocurrency community had high expectations for Trump, but his stance has shifted, leaving cryptocurrencies lower on his agenda.
From a technical perspective, POPCAT is testing the resistance of the channel with a potential false breakout within the context of a prevailing downtrend. A sustained price consolidation below the 0.3220 level could signal further selling pressure.
Key resistance levels: 0.3220 (sell trigger)
Key support levels: 0.2386, 0.1596
While there remains a possibility of a retest of the correction channel resistance, bearish market conditions and the overall weak market sentiment suggest that the downtrend may continue.
BITCOIN SETUP TRADE WIH 1:5 RISK REWARD FALL TILL 52500.BITCOIN SETUP TRADE WIH 1:5 RISK REWARD
A good selling setup detected on BTCUSD
It's showing a BEAR MOVE due to these reason
there is so support beetween these
two lable so it will easily fall
till 52000 lable
1. It's BREAKING THE SUPPORT LABLE HERE
2. It's ready to break the neckline
3. In day chat it's showing the heavy bearish pressure
Just grab out will your own risk
With a small amount
Stay connected
Stay happy
Bande mataram
A good selling setup detected on BTCUSD
It's showing a BEAR MOVE due to these reason
1. It's BREAKING THE SUPPORT LABLE HERE
2. It's ready to break the neckline
3. In day chat it's showing the heavy bearish pressure
Just grab out will your own risk
there is so support beetween these
two lable so it will easily fall
till 52000 lable
With a small amount
Stay connected
Stay happy
Bande mataram